It could be the end game for Russian oil firm YUKOS. A Moscow court has ruled that the state-owned oil producer Rosneft can seize YUKOS’ remaining key production and refining assets. Tim Osbourne, who heads the main YUKOS shareholders’ group, Menatap, said that could be imminent.
YUKOS claims its dismemberment is Putin’s punishment for the political ambitions of the oil firm’s main owners, Mikhail Khodorkovsky and Platon Lebedev.
They will learn the verdict in their fraud trial in a week’s time.