Long before the small group of men gained control of a $1.3 trillion economy, they could be found gathered at a lakeshore deep in the forest, trying to relax amid the upheaval of the new Russia. Lake Komsomolskoye, named after the youth wing of the Communist Party, lies about 60 miles north of St. Petersburg, just one of 700 lakes on the isthmus connecting Russia and Finland. There the group, many of whom helped run Russia's second-largest city, would retreat for weekends among the tall, lakeside cedars in a private compound of dachas, or country houses. Vladimir Putin, then head of external relations for the St. Petersburg mayor, was a member of the group. So was Vladimir Yakunin, who had revived a bank started by the Communist Party, and Igor Sechin, then Putin's chief of staff. The group called itself ozero, meaning "the lake," and one of its frequent guests was a bright young lawyer named Dmitry Medvedev who worked in the St. Petersburg government. One prime topic of their
Exactly two years ago, I sat in a Moscow courtroom and watched one era in Russian capitalism end. Yukos founder Mikhail Khodorkovsky glumly sat in a cage and awaited the verdict he and everyone else in the courtroom knew was a foregone conclusion: a long Siberian prison sentence, and the dismemberment of Yukos, once Russia's biggest and most-respected firm.
After mounting one of the largest initial public offerings in history, Russian state-owned firm Rosneft's first day of trading on the London Stock Exchange should have been a thriller.
One of Russia's biggest oil firms is set to go public in the next few weeks in a deal that has it all: risk, political intrigue, and what investors crave - the prospect of great rewards.
Imprisoned Russian oil magnate Mikhail Khodorkovsky announced he will run for a seat representing Moscow in Russia's State Duma, or lower house of parliament, his press center confirmed to CNN.
Imprisoned Russian oil magnate Mikhail Khodorkovsky has gone on a hunger strike to protest the treatment of his business partner, who is being held in solitary confinement, his lawyer Anton Drel told CNN.
If you live in the Northeast, there's a good chance your corner gas station will soon have a new, just-so-slightly-foreign moniker. Russian oil giant Lukoil recently began rebranding with its own n...
A Russian court found oil magnate Mikhail Khodorkovsky and his business partner Platon Lebedev guilty of tax evasion and other serious crimes on Tuesday and sentenced each to nine years in prison, Russia's Interfax news agency reported.
Russian tycoon Mikhail Khodorkovsky has been found guilty of an array of charges including fraud and tax evasion and sentenced to nine years in prison, minus time served.
Judges in the marathon trial of Russian oil magnate Mikhail Khodorkovsky adjourned after a fifth day of summing up Friday, as the reading of the verdict dragged on so long even his parents left the courtroom.
Long before the small group of men gained control of a $1.3 trillion economy, they could be found gathered at a lakeshore deep in the forest, trying to relax amid the upheaval of the new Russia. Lake Komsomolskoye, named after the youth wing of the Communist Party, lies about 60 miles north of St. Petersburg, just one of 700 lakes on the isthmus connecting Russia and Finland. There the group, many of whom helped run Russia's second-largest city, would retreat for weekends among the tall, lakeside cedars in a private compound of dachas, or country houses. Vladimir Putin, then head of external relations for the St. Petersburg mayor, was a member of the group. So was Vladimir Yakunin, who had revived a bank started by the Communist Party, and Igor Sechin, then Putin's chief of staff. The group called itself ozero, meaning "the lake," and one of its frequent guests was a bright young lawyer named Dmitry Medvedev who worked in the St. Petersburg government. One prime topic of their
Exactly two years ago, I sat in a Moscow courtroom and watched one era in Russian capitalism end. Yukos founder Mikhail Khodorkovsky glumly sat in a cage and awaited the verdict he and everyone else in the courtroom knew was a foregone conclusion: a long Siberian prison sentence, and the dismemberment of Yukos, once Russia's biggest and most-respected firm.
After mounting one of the largest initial public offerings in history, Russian state-owned firm Rosneft's first day of trading on the London Stock Exchange should have been a thriller.
One of Russia's biggest oil firms is set to go public in the next few weeks in a deal that has it all: risk, political intrigue, and what investors crave - the prospect of great rewards.
Imprisoned Russian oil magnate Mikhail Khodorkovsky announced he will run for a seat representing Moscow in Russia's State Duma, or lower house of parliament, his press center confirmed to CNN.
Imprisoned Russian oil magnate Mikhail Khodorkovsky has gone on a hunger strike to protest the treatment of his business partner, who is being held in solitary confinement, his lawyer Anton Drel told CNN.
If you live in the Northeast, there's a good chance your corner gas station will soon have a new, just-so-slightly-foreign moniker. Russian oil giant Lukoil recently began rebranding with its own n...
A Russian court found oil magnate Mikhail Khodorkovsky and his business partner Platon Lebedev guilty of tax evasion and other serious crimes on Tuesday and sentenced each to nine years in prison, Russia's Interfax news agency reported.
Russian tycoon Mikhail Khodorkovsky has been found guilty of an array of charges including fraud and tax evasion and sentenced to nine years in prison, minus time served.
Judges in the marathon trial of Russian oil magnate Mikhail Khodorkovsky adjourned after a fifth day of summing up Friday, as the reading of the verdict dragged on so long even his parents left the courtroom.
The Moscow court reading the verdict in the trial of oil tycoon Mikhail Khodorkovsky indicated he could receive a lighter sentence than originally sought, according to news reports.
WESTERN OIL EXECUTIVES WERE watching closely as former Yukos CEO Mikhail Khordokovsky took it on the chin in his long-running trial for fraud and tax evasion. But they told themselves that what hap...
The Russian Prosecutor General's office says it plans to present new charges -- including one of money-laundering -- against former top managers of the Yukos oil company.
The decision to postpone the verdict in the trial of jailed Russian oil tycoon Mikhail Khodorkovsky could have been taken to spare President Vladimir Putin's embarrassment, defense lawyers have said.
President Vladimir Putin says Russia must develop a free and democratic political system and restore business confidence to ensure the country's "place in the modern world."
Volatility always spells investment opportunity, and the global oil market still offers plenty of both. Most energy stocks have already enjoyed a good run, but the risks to the global oil supply, r...
Stocks look set to start on the up side Thursday as strong durable goods orders for November appeared to overshadow soft consumer spending for the month.
Oil prices dropped more than 3 percent on Wednesday after a U.S. government report showed a surprise increase in fuel stockpiles last week in the world's largest energy consumer.
Oil prices surged nearly 6 percent Wednesday as the U.S. government reported a fall in heating oil stocks in the midst of the season's first cold snap in the Northeast.
A representative of embattled Russian oil company Yukos said Wednesday the company has launched bankruptcy proceedings under U.S. law in a Houston court.
Oil prices reached a record $50 a barrel on Monday as Nigeria emerged as the latest focus for worries about supply in an already tight worldwide energy market.
U.S. Treasury prices rose Monday as oil continued its climb and speculation widened that the Federal Reserve may acknowledge a weaker economy in Tuesday's policy statement.
New concerns about oil in the wake of the suspension of Chinese shipments by the Russian producer Yukos could send stocks lower at the start of trading Monday.
Expect the biggest business story of the summer--oil prices--to carry on well into the fall. OPEC meets in Vienna on Sept. 15, and traders around the world will be looking for any signs the cartel ...
Stretching his feet through the bars of his cage, Mikhail Khodorkovsky rarely looks up from the book he's reading on the history of authoritarianism in Russia. The former CEO of Russia's largest oi...
Over the past few months, as oil prices raced toward $50 a barrel, most observers blamed a smorgasbord of international culprits, including the meltdown of Yukos, the gargantuan appetite of China, ...
With the price of oil hitting records nearly every day, a handful of analysts think the market is starting look awfully bubbly, and that the price could correct quickly.
Oil prices erased an early dip Tuesday and settled at another record high amid continuing concerns about Russian exports and sabotage in Iraq.
Stocks rose Tuesday for the second straight session as economic and earnings news soothed fears about a second-half slowdown.
When the price of oil crossed $40 a barrel earlier this year, it generated nervous headlines and anxiety on Wall Street and likely threw cold water on the U.S. economy.
Oil reached another record high at midday Thursday as traders priced in potential supply disruptions on news Russian oil giant Yukos can't use its bank accounts to keep production flowing.
U.S. Treasury prices posted solid gains Thursday as record high oil prices raised concerns that the economic recovery may hit a prolonged slump.
Oil prices fell from fresh 21-year highs on Wednesday, after U.S. gasoline supplies jumped and the president of production cartel OPEC said the group could immediately boost output to help cool prices, reversing previous statements.
It doesn't take much for oil prices to reach a record peak these days.
A rally in technology propelled the Nasdaq Thursday, while some bearish analyst comments on General Motors and continued wariness about oil prices kept the Dow's gains in check.
A dip in oil prices and some bullish analysts' commentary helped lift U.S. stock markets early Thursday.
A Moscow court has issued an arrest warrant for Leonid Nevzlin, a key figure in the troubled Yukos Oil Company, accusing him of involvement in contract killings in 2002.
Top officials with embattled Russian oil giant Yukos have warned that the next three weeks will be critical if the company is to avoid bankruptcy.
Yukos oil company's appeal of a massive tax bill has been adjourned after the judge resigned from the case citing unspecified psychological pressure, the ITAR-Tass news agency reported.
Russia's richest man Mikhail Khodorkovsky has returned under guard to court to reject all charges against him and the company he used to head, Yukos oil.
Russian oil giant Yukos will try to pay a $3.4 billion tax bill "in the next few days," a company lawyer said Tuesday, Russian media report.
Russian oil giant Yukos and its founder Mikhail Khodorkovsky are reportedly attempting to strike new deals to save the group from bankruptcy.
Court bailiffs have begun the process of seizing Yukos assets after the Russian oil giant failed to meet a deadline to pay $3.4 billion in back taxes.
The crisis surrounding Yukos deepened Wednesday as a deadline loomed for the embattled Russian oil giant to pay off a multi-billion tax claim.
Embattled oil company Yukos said it is unable to meet a Wednesday midnight deadline to pay the Russian government a $3.4 billion back-tax bill and said bailiffs could begin taking control of its assets within hours.
Russia's biggest oil firm Yukos is staring financial ruin in the face after it failed to meet a $3.4 billion tax bill deadline.
As Russia's deputy finance minister indicated that the government and oil giant Yukos could reach an agreement to restructure a multi-billion-dollar tax bill for 2000, the Russian prosecutor general Tuesday said that the company may be forced to pay back taxes for other years, too.
Shares in Yukos have fallen after the troubled Russian oil conglomerate defaulted on a $1 billion loan and its offices were raided by police.
Battered shares in Russian oil conglomerate Yukos will come under fresh pressure when trading opens on Monday.
Russian special interior ministry officers have sealed offices in the headquarters of tax-troubled Yukos oil company, a company spokeswoman said.
Russian officials have leveled a new multi-billion-dollar claim for back taxes against the embattled Yukos Oil Company, according to the Interfax news agency.
Russian oil giant Yukos has offered to pay $1.17 billion -- one-third of the $3.4 billion the government says is due in back taxes and fines.
Yukos says it will appeal a court ruling that upheld a potentially crushing $3.4 billion claim for back taxes against the oil giant.
The trial of Mikahil Khodorkovsky, former head of Yukos Oil Company, has been delayed for a second time.
Russia's finance minister says he hopes a deal can be reached on a $3.4 billion tax claim against Yukos that the oil giant fears could force it into bankruptcy.
A Moscow court has rejected an appeal by the Yukos oil company and approved a claim by tax authorities that the company pay outstanding taxes from 2000 totaling $3.4 billion.
The Russian government is not interested in bankrupting Yukos, President Vladimir Putin said, ahead of a crucial court hearing the oil giant says could force it to declare bankruptcy.
Lawyers for Russian billionaire Mikhail Khodorkovsky have won a delay in his trial on tax evasion and fraud charges.
The trial of Mikhail Khodorkovsky on tax evasion and fraud charges is set to start June 16 and will be combined with fellow Yukos stockholder Platon Lebedev's trial on similar charges, a Russian court has announced.
The following are profiles of Russia's so-called oligarchs, a group of businessmen who made their fortune following the fall of the Soviet Union.
The trial of Mikhail Khodorkovsky on tax evasion and fraud charges is set to start June 16th and will be combined with fellow Yukos stockholder Platon Lebedev's trial on similar charges, a Russian court announced Monday.
The top shareholders of Russia's Yukos Oil Company have offered their shares to win the freedom of former Yukos head Mikhail Khodorkovsky, Russia's Interfax news agency reported.
A top shareholder of Yukos Oil Company has been given a one-year suspended sentence for tax evasion, according to Russia's Interfax news agency.
Even by the rarified standards of London society, it was an extraordinary event. To introduce his Open Russia Foundation, Mikhail Khodorkovsky, then the 38-year-old chairman and principal owner of ...
Three years ago, at the annual conference of the high and mighty in the Swiss resort town of Davos, the so-called oligarchs of Russia gathered for what would be their last bash. For a time they pre...
The CEO and principal owner of Yukos, Russia's most profitable oil company, was sitting in his Moscow home on the evening of Sept. 11, thinking he was watching a disaster flick. "It took me a littl...
Until last year, Inkombank did business out of a crumbling former science institute on the outskirts of Moscow. Now its offices, in a lavishly renovated pre-Revolutionary mansion a stone's throw fr...
| Most Viewed | Most Emailed | Top Searches |
