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December 20, 2004
Kremlin plays dirty for Yukos?
In a move that leaves many people speculating on dirty tactics, Yuganskneftegas was finally sold to a completely unknown company at auction - to a bidder by the name of the Baikal Finance Group, who bought the company for 261bn roubles (��4.8bn; $9.4bn).
Gazprom was originally the favourite for the purchase - however, it failed to get finance for the deal after a US court injunction barred it from taking part.
The whole process is part of the ugly destruction of the Yukos oil company, whose depended largely on Yuganskneftegas output.
Gazprom could still openly get its hands on Yuganskneftegas, if the Baikal Finance Group fails to make the purchase, or else simply sells straight to it.
Either way, the message given out seems to be pretty clear - when in Russia, support Putin - or else.
Posted by at December 20, 2004 06:59 PM
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