A Fear Rises in Russia

Western investors are wondering: Does the arrest of oil tycoon Mikhail Khodorkovsky make other oligarchs risky partners also?
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By Jason Bush

The arrest of Mikhail Khodorkovsky, CEO and major shareholder of leading Russian oil outfit Yukos (YUKOY ), is the biggest shock for the country's investors since the financial crisis of 1998. Ever since President Vladimir V. Putin was elected in 2000, everything seemed to be turning up roses for Russia's economy and business climate.