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  • Mechel: Huge Upside - But Not for the Faint of Heart [View article]
    Yukos was a political issue. The CEO was actively working against Putin. Bad move as Putin was the head of the Soviet Secret Police. It does give one pause though.

    Other recent happenings have painted a different picture of what's going on with MTL:
    - Apparently (rumor has it) the actions against MTL are a play to break off some of the energy component and hand them over to Gazprom.
    - Medvedev has come public and cautioned Putin to not push this issue as it is mal-affecting the Russian stock market.
    - Medvedev was the head of Gazprom and I believe Putin is now (I may be wrong about this)
    - Medvedev has strong ties with Putin. He was on Putin's presidential election campaign.
    - Recently Putin has lodged charges against 2 other coal companies in Russia. This may be an attempt to dampen the edge of the MTL affair.

    Boy! Russian politics makes our government seem like pikers! Doesn't it?

    jegan ;-)
    Aug 06 12:56 pm |Rating: 0 0
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