The Rise And Fall Of Yukos

In 1993, the Russian government passed a resolution to create oil producers and supplier YUKOS. It quickly became a major economic power of Russia, supplying 20% ​​of the country's oil and 2% of the world's oil supply. In order to rebuild the oil industry, the government established four independent companies to refine and distribute one of Yukos oil. By 1995, YUKOS encountered administrative problems and the government used 45% of the company's shares for auction. Shortly thereafter, Yukos became the first private oil company in Russia.

In a series of complicated events that began in the early 21st century when the Russian government dismantled and sold Russia's largest privatized oil company Yukos after the collapse of the Soviet Union, this sentence became the latest turning point. Two senior Yukos executives in Kremlin were sentenced to prison, including their head, Mikhail · Holdkovsky, and this act was against Political opposition of President Mill Putin against Hodorkovsky against Vladimir After the Russian government condemned him for tax evasion, corruption and money laundering, Yukos went bankrupt (Hodorkoff was released in 2013, was pardoned and expelled). Previous stakeholders sued the government and won the $ 50 million ruling in The Hague in 2014. This is the greatest arbitration punishment ever. But after two years, the higher court overturned the verdict

World oil prices recorded the lowest value in 1998, but doubled over the next five years. Mikhail Khodorkovsky strengthened the company with the interests of Yukos, raised its management to international standards, began paying dividends in 2001. Mr. Yukos included a US executive in the director and sold 40% of its shares to Exxon Mobil, but Mr. Hodkovs was arrested for tax evasion and fraud before reaching an agreement. The Putin administration started Yukos himself tax investigation and confiscated the company's assets. In 2004, Yukos was sold to all government-owned Russian oil companies. In 2005, Khodorkovsky was sentenced to ten years imprisonment. In 2013, Khodorkovsky was released by Putin and pardoned. Khodorkovsky escapes to Switzerland