Word: illarionov
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...Yukos coincided with a shift in economic policy, with the Kremlin reasserting state control over key areas of the economy like energy, and gradually backtracking on promises of free market reforms. By the end of last year, even members of Putin's own team - his economic adviser Andrei Illarionov and Trade Minister German Gref - were complaining that reforms had stalled and the President had failed to use the bonanza in oil revenues to shift the economy away from its near total dependence on oil and gas and toward a more diversified set of exports. In December, Illarionov warned that Russia...
...late December, the Russian government shut out rival bidders for Yukos' core oil division, the million-barrel-a-day Yuganskneftegaz. Then state oil firm Rosneft snapped it up, using a shell company, for a bargain $9.4 billion. That drew catcalls even from Vladimir Putin's own economic adviser, Andrei Illarionov. Managers from Rosneft turned up on New Year's Eve at Yuganskneftegaz's Siberian HQ to claim the keys. Meanwhile, in Houston, Deutsche Bank is challenging the temporary bankruptcy protection won earlier by Yukos lawyers hoping to stave off the sale. The bank argues that Texas law has no place...
...ANDREI ILLARIONOV, President Vladimir Putin's top economic adviser, as he nominated the Yukos sale for "Swindle of the Year...
...assault on Yukos and big shifts in taxation - has raised concerns about Putin's commitment to the rule of law. Many Russians are voting with their wallets. This year capital flight will easily exceed $10 billion, up from $2 billion last year. Even some top officials have misgivings. Andrei Illarionov, Putin's chief economic adviser, said recently that the Yukos affair is "a Pandora's box, and it was a serious mistake to open it." Why, in such a seemingly hostile and risky environment, does Big Oil think Russia is a good investment...
...assault on Yukos and big shifts in taxation--has raised concerns about Putin's commitment to the rule of law. Many Russians are voting with their wallets. This year capital flight will easily exceed $10 billion, up from $2 billion last year. Even some top officials have misgivings. Andrei Illarionov, Putin's chief economic adviser, said recently that the Yukos affair is "a Pandora's box, and it was a serious mistake to open it." Why, in such a seemingly hostile and risky environment, does Big Oil think Russia is a good investment...