Tuesday, October 28, 2003
You Be The JudgePutin says his #1 concerns are establishing the rule of law and economic development. You be the judge.
Financial Times, 10/27/03
The Moscow stock market plunged more than 10 per cent on Monday after the arrest of the head of Yukos, the oil major, prompted fears about investing in the country - just one week after the market hit an all-time high. The arrest of Mikhail Khodorkovsky, the Yukos chief executive, on Saturday morning and the seven charges brought against him by the Kremlin, ranging from tax fraud to theft against the state, rattled investor sentiment.
"The arrest of YUKOS head Mikhail Khodorkovsky will result in a 20-percent fall on the domestic stock market this week, stock analysts reported ..."
Posted by Amy Ridenour at 2:22 PM