Investment in Russia and Eastern Europe Message Board

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Strategies & Market Trends : Investment in Russia and Eastern Europe

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To: Real Man who started this subject	10/26/2003 10:41:31 PM
From: Julius Wong	Read Replies (2) of 1301

Yukos, Russian Stocks May Drop on Khodorkovsky Arrest Oct. 27 (Bloomberg) -- Shares of AO Yukos Oil Co. may lead Russian stocks lower after Chief Executive Mikhail Khodorkovsky, Russia's richest man, was arrested Saturday on charges of fraud and tax evasion, raising concern about political interference in business. Shares of Yukos, the nation's largest oil producer, slumped 11 percent in two days after prosecutors on Tuesday said managers may face criminal charges. Khodorkovsky, who finances parties such as the liberal Yabloko and the Union of Right Forces, has blamed the probe on ``Kremlin infighting.'' Russia holds parliamentary elections in six weeks. quote.bloomberg.com

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