Word: kremlins
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Vladimir Putin tries hard to convince the world that Russian business has changed since the wild '90s, when it was synonymous with dodgy privatization and contract killings. These days he wants to depict the Russian corporate world as dynamic, modern - and predictable. That image shattered last week when the Kremlin went head to head with Russia's richest man, Mikhail Khodorkovsky, the 40-year-old proprietor of the oil giant Yukos and the richest man in Russia. The markets dropped abruptly, and polite discourse was infused with language reminiscent of The Godfather. The operation against Khodorkovsky, pundits and Yukos supporters...
...last year, compared to DaimlerChrysler's 222,000. Then we'd have to mourn the passing of yet another VW icon: the microbus. Gunning For Oil A raid by armed, masked police on the headquarters of Russia's giant Yukos oil corporation last week escalated the standoff between the Kremlin and Yukos owner Mikhail Khodorkovsky, Russia's richest man. His problems started when a senior associate, Platon Lebedev, was accused of the fraudulent privatization of a fertilizer company in 1994. Since then, accusations have been made - though no charges have been brought - that Yukos may have avoided paying taxes...
...people behind the attacks represent a younger generation of Chechens who, like the Palestinians before them, have known nothing but war - and who have become radicalized as a result. "We condemn the terror," says Salambek Maigov, Chechen rebel President Aslan Maskhadov's representative in Moscow, "but neither the Kremlin nor we can control the situation any longer." Russian President Vladimir Putin vowed to reassert his control. "Terrorists must be plucked out of the basements and caves and destroyed," he said after the attack on the rock festival. The tough talk echoed his promise during the 1999 election campaign...
...LEBEDEV, 43, billionaire associate of Russia's richest man, Mikhail Khodorkovsky; with fraud; in Moscow. Authorities are investigating Lebedev for the privatization of a fertilizer plant in 1994. The day after Lebedev's arrest, Khodorkovsky, chairman of oil giant Yukos, was questioned by state prosecutors. Khodorkovsky has angered the Kremlin with his plans to fund opposition parties in this winter's parliamentary elections...
...richest man, was questioned in connection with the Lebedev case, but many believe his problems are political, not criminal. He is helping fund opposition parties in the December elections for the Duma, or lower house of parliament. This has broken an unwritten rule in Russia: oligarchs are either pro-Kremlin or rigorously apolitical. President Vladimir Putin has in the past crushed businessmen who crossed him. This time, though, he may be attacking one of the world's largest oil companies. And that could impact both the stock market and Russia's image among investors...