international magazine
08 / 2006


The end of Yukos
The bankrupt company's assets go for sale



It took just a little over three years for the flagship of the Russia's oil industry Yukos to turn from being one of the largest and most ambitious companies in the sector into a ragman of bankruptcy. During this passage of time the world witnessed the arrest of the company's biggest shareholders and top managers, unprecedented tax administration claims, falling capitalization, the auctioning of the company's key production unit and much else. The material is sufficient to write a textbook on the subject or a best-seller, or a blockbuster movie.