Yukos is declared bankrupt

Article Abstract:

OAO Yukos of Russia, once the largest petroleum producer here, has been declared bankrupt by a Moscow court. The case was portrayed as a crusade against a corrupt corporation but was perceived as punishment for the Chief Executive Mikhail Khodorkovsky (who possibly had political aspirations) and a move by the Kremlin to regain control of the petroleum industry. Mr. Khodorkovsky is jailed in Siberia on fraud charges.

Economic aspects, Political aspects, Khodorkovsky, Mikhail

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Yukos may have to halt operations at main units soon: bailiffs' order roils world Oil markets as concerns grow over production

Article Abstract:

Russian energy company OAO Yukos may have to cease oil production, depending on the interpretation of a Justice Ministry order. A production stoppage would create havoc in the world oil markets.

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