Thursday, 2 April 2015

Yukos Investors Settle With Rosneft, Russia’s State Oil Company

nytimes.com - Yukos, the defunct Russian oil giant whose dismantling a decade ago came to define a country’s flawed property rights system, announced on Wednesday that it had reached a final legal settlement with Rosneft, the state oil company that prospered from the breakup.

Rosneft had absorbed most of Yukos’s valuable oil fields, refineries, gas stations and pipelines just before the oil boom kicked off in Russia in a series of bankruptcy auctions after Yukos’s founder, Mikhail B. Khodorkovsky, was arrested in 2003.

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