Financial Times: Russia’s Energy Revenues Attributed to YUKOS Case

25 Aug 2009
The Financial Times

The Financial Times' Lex Column comments on 10 years of Vladimir Putin in power in Russia, highlighting the YUKOS Affair as a major event in his "clampdown on oligarch power".

The column adds that: "Post-Yukos, "statist" hardliners around Putin instead channeled most efforts into creating ‘national champions' in resources and heavy industry." Now, President Dmitry Medvedev, who has called for an end to a reliance on energy exports, will likely face resistance from this groups has if he indeed tries to reform Russia's economy.