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Gazprom’s Failure to Pay for a Theft

RA is quoted by the AmLaw Daily blog with regard to the break up of the TNK-BP and Gazprom deal to acquire a share in the Kovykta field.

“It’s apparent that BP made a vast miscalculation in dealing with the Kremlin,” says Robert Amsterdam of Amsterdam & Peroff, a frequent Kremlin critic and follower of Russian politics. (Amsterdam also represents imprisoned Russian oligarch Mikhail Khodorkovsky, on which he has an opinion column in today’s Wall Street Journal.) “You know things aren’t going well for Gazprom’s cash flow when they can’t even close a theft.”

Read the rest here.