Putin seizes Yukos shares; Yukos names new CEO

11/10/2003
When Russian President Vladimir Putin decided to seize the OAO Yukos shares held by Yukos executive Mikhail Khodorkovsky—who was arrested Oct. 25 at gunpoint—he raised the stakes in the Kremlin's battle with the country's wealthiest oil magnate (OGJ, Nov. 3, 2003, p. 38). But this calculated political move also could have fallout on world oil prices in 2004, according to analysts.Khodorkovsky resigned Nov. 3 from his position and does not intend to take any position in YukosSibneft, a brief company news release said. Mikhail Khodorkovsky, Former Yukos CEO.Click here to enlarge imageWhile the Russian stock market eventually stabilized Oct. 31 after another sharp drop ...
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