Saturday, October 16, 2004
Yukos
http://www.nytimes.com/financialtimes/business/FT20041014_7135_243530.html?oref=login
allow me to say i have been completely wrong about this yukos fandango. i believed putin/russia were really trying to extract tax money from them to set an example to many of the barons who made fortunes buying up these companies for peanuts and hiding revenues. but apparently there is something much more sinister going on that i dont understand yet because russia apparently is set to start selling off major parts of the company for a ridiculously low price. nothing like having a company stolen from you as the article in the financial times implies 'in broad daylight'. unless i am missing something big, seems to me that this move will kill off quite a bit of investment into russia.
allow me to say i have been completely wrong about this yukos fandango. i believed putin/russia were really trying to extract tax money from them to set an example to many of the barons who made fortunes buying up these companies for peanuts and hiding revenues. but apparently there is something much more sinister going on that i dont understand yet because russia apparently is set to start selling off major parts of the company for a ridiculously low price. nothing like having a company stolen from you as the article in the financial times implies 'in broad daylight'. unless i am missing something big, seems to me that this move will kill off quite a bit of investment into russia.
// posted by Zevchi @ 1:49 AM 
