Archive

June 25, 2007

On Authoritarian Capitalism

In the new issue of Foreign Affairs, Azar Gat has a fascinating argument that the authoritarian capitalism as practiced by Russia may represent an alternative path to modernity – and that the future triumph of global liberal democracy is not...
June 25, 2007

Grigory Pasko: Traveling the Nord Stream, Part VIII

Two Worlds, Two Houses Will a pipeline be able to connect them? By Grigory Pasko, journalist Editor’s note: Today we begin publication of the second half of a series of articles by journalist Grigory Pasko in which he tells about his trip to the p...
June 25, 2007

Browder Fights Back

William Browder, formerly one of the most well known evangelists for investing in Russia, is fighting back against the Kremlin’s allegations of tax evasion. In his first comments since the Russian investigation became public this month, Mr B...
June 25, 2007

The PwC Withdrawal

Over the weekend, accounting firm PricewaterhouseCoopers (PwC) finally folded under Kremlin pressure and withdrew its Yukos tax reports. Prosecutors have threatened to revoke PwC’s license in Russia. Some quotes: Former Yukos managers Steve ...
June 22, 2007

Excerpts from Politkovskaya’s Diary

Below is an extract from Anna Politkovskaya’s “A Russian Diary: A Journalist’s Final Account of Life, Corruption, and Death in Putin’s Russia“, a stunning, must-read book was just recently released in the United State...
June 22, 2007

A Logical Progression

The Economist also sees the logical progression from Yukos to Shell to BP: The creation of TNK-BP, which had seemed to signal a new dawn for foreign investment in Russia’s oil industry, in fact marked its zenith. Mr Putin first turned on Yukos, a ...
June 22, 2007

A Tycoon’s Divorce May Shatter a Corrupt Energy Racket

For some time now, this blog has been closely following several overlapping story threads related to corruption in the Turkmen-Ukraine gas trade, Gazprom and others’ participation in the shadowy trading firm RosUkrEnergo, the Austrian bank R...
June 22, 2007

Tom Nicholls: Gazprom Takes over Kovykta

BP has lost Kovykta, as expected, but come out of a deal with Gazprom better than it might have. By Tom Nicholls ANGLO-Russian oil major TNK-BP has sold the Kovykta gasfield to Gazprom, losing its long fight to hang onto the asset. Gazprom will pa...
June 22, 2007

Same Old Story – Gazprom Steals BP’s Largest Investment

If the Kremlin’s fleecing of BP at Kovykta were a film, you’d probably get up to leave about halfway through having recognized the hackneyed, boring plot borrowed from previous films, such as the Yukos affair and the great train robber...