Word: russian
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...Russia, was a self-imposed reform movement. His Yukos Oil Co. enjoys a reputation among foreign investors as perhaps the most Western-like company in Russia. It has a cluster of Americans on its board; among top management, it uses U.S. accounting standards; and it was the first Russian company to detail its precise ownership structure. Yukos has been talking with both ExxonMobil and ChevronTexaco about the possible sale to one of them of as much as 40% of its equity, according to people familiar with the negotiations...
Roberts reads from his book Four Against the Arctic: Shipwrecked for Six Years, the true story of four Russian hunters shipwrecked in 1734 with two days’ provisions on a remote arctic island, and their unlikely survival. 7 p.m. Wordsworth Books...
...combination of his business deals and his political ambitions prompted the siloviki to press for action against Khodorkovsky. The Russian state is too weak to accept what those in power see as a challenge of this type. And then, despite open calls for his arrest, Khodorkovsky played chicken, refusing to follow the example of other oligarchs such as Boris Berezovsky and Vladimir Gusinsky and leave the country...
...Meier: It's a complex dynamic. In foreign policy, Putin zigzags between acceptance of the West and affirmation of Russian national interests. He has rolled over on NATO expansion, the ABM treaty, and the U.S. presence in Central Asia. Now you have NATO going into the Baltics, which had previously been a red line for Moscow. On Iraq, he joined France and Germany, but they were the bad guys and he knew he'd be forgiven. Still, at the same time he has his taboos. One is Chechnya, and another is the oligarchs. His message is, "I'll do what...
...retreats quietly either into exile, or into a role less threatening to the Kremlin. I don't think the latter is likely, but I also don't see any good endgame here. Western investors, no matter what they're saying publicly, are scared out of their wits. For the Russian economy, this is the scariest moment since crash...