Word: mikhail
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...Yukos executive. A Moscow court last Friday overruled the Kremlin's seizure of Yukos' core production unit. The government's strategy is to "play a cat-and-mouse game with the company" to drive down its market value and hope to buy its oil assets on the cheap, asserts Mikhail Krutikhin, an analyst at consultant RusEnergy. Oil users across the globe are trapped in the game...
...last week CEO Frank Chapman downplayed the allegations, calling them a "routine dispute." Still, the move has spooked investors who fear that Nazarbayev may be stealing a page from Russian President Vladimir Putin's playbook by asserting state control over the country's energy resources. Unlike Yukos chief Mikhail Khodorkovsky, who remains behind bars in Moscow, no one at BG Karachaganak is being threatened with arrest. And, for now, the stakes in Kazakhstan are a lot lower than in Russia. Last week, oil prices hit record highs after Russian authorities told Yukos it would have to turn off the taps...
...endgame." When the smoke clears, the Yukos name may survive, but little else of the company's management, structure and independence is likely to remain. One widely held belief is that the Kremlin will take the 60% share package currently owned by the company's former CEO Mikhail Khodorkovsky and a small group of close associates - one of them, Platon Lebedev, like Khodorkovsky, is on trial for fraud and other charges. Yukos might in effect be nationalized, with the government holding a controlling stake and the rest spread out among compliant domestic and foreign investors. Yukos' inexorable demise has made...
...Initiative, the Star Wars program. Many critics of Reagan's foreign policy have pointed out, however, that as the Soviet Union started to fray, there was a real chance it would end with a nuclear bang rather than a whimper. Had the U.S.S.R. not been lucky enough to draw Mikhail Gorbachev instead of, say, Yuri Andropov as its last leader, the odds are high the outcome would have been very bad. All any U.S. President could do with that nightmarish regime was restrain it from further expansion while praying that when it finally did collapse, it would somehow manage...
Krauthammer may claim that Reagan won the cold war, but in 1990, two years after the Gipper left office, the Nobel Peace Prize was awarded to Mikhail Gorbachev, the Russian reformer who presided so masterfully over the Soviet Union's demise. MORT PAULSON Silver Spring...