Alisher Usmanov, Russia’s richest person, moved control of most of his $20 billion fortune last year to a holding company based in the British Virgin Islands, a collection of more than 60 isles 5,600 miles away from Moscow.
Alexey Navalny, a leader of the opposition to Russian President Vladimir Putin, goes on trial today for embezzlement, focusing investors’ attention on the rule of law as the dropping value of oil undercuts stock prices.
“Khodorkovsky,” a documentary about the former billionaire chief of Yukos Oil Co., grabbed headlines even before its premiere at the Berlin Film Festival when thieves stole it from the director’s Berlin apartment.
Mikhail Khodorkovsky , the former head of Yukos Oil Co., may serve an additional six years in prison following his conviction in a trial that heightened U.S. and European concerns about the rule of law in Russia.
Outgoing President Dmitry Medvedev ordered a review of guilty verdicts against Mikhail Khodorkovsky, once Russia’s wealthiest man, as Prime Minister Vladimir Putin celebrated winning a new six-year Kremlin term.
Mikhail Khodorkovsky , the imprisoned former head of Yukos Oil Co., faces more jail under a new conviction for embezzling $29 billion of crude oil, a verdict that governments in the U.S. and Europe said further weakened the rule of law in Russia.