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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.
Aug 06 12:56 pm
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All Comments by Urbane Gorilla! »Mechel: Huge Upside - But Not for the Faint of Heart [View article]
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 ;-)