The Moscow Court of Arbitration drove the final nail into the YUKOS coffin last week, declaring Russia’s once-leading oil company bankrupt. The ruling followed the conclusion by official receivers that the company built up by now-jailed tycoon Mikhail Khodorkovsky was some USD 18 billion in debt while having a market value of just over USD 17 billion. YUKOS lawyers said they would appeal the court’s decision. Its American CEO Steven Theede tendered his resignation last month in protest at what h...

This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now