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Main page > Comments > Politics > What is Khordorkovsky getting for Christmas? What is Khordorkovsky getting for Christmas?Jailed tycoon Mikhail Khodorkovsky, the former chief executive of bankrupted Russian oil giant YUKOS, is once again in the forefront as a Moscow court prepares to hand down its verdict on 15 December in a second trial that could add six more years to the eight-year prison sentence that he is already serving on related tax charges. At the time of Khodorkovsky's arrest in 2003, YUKOS was one of the most successful Russian companies and its assets were allegedly coveted by Igor Sechin, now Putin’s first deputy prime minister, and other allies of the former KGB-er. After Khodorkovsky's conviction, YUKOS was broken up and its assets were largely taken over by the state-run oil giant Rosneft, which Sechin chairs. Khodorkovsky had been financing opposition parties before State Duma elections in December 2003, and people in Putin's inner circle eyeing YUKOS might have made the case for getting rid of Khodorkovsky before mounting a Kremlin bid, the analysts said. Exxon had considered buying a stake in YUKOS before Khodorkovsky's arrest in October 2003. A merger between YUKOS and Russia’s Sibneft was also under way. And even though pressure was mounting on Khodorkovsky, the oil tycoon appeared sure of himself not expecting that on 25 October 2003 he would be arrested. Kostis Geropoulos New Europe, November 28, 2010 |
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