A Russian Reformer Sees Pitfalls Ahead

Former Prime Minister Yegor Gaidar on the Yukos controversy, Putin's politics, Russian elections, and what it means for investors

Recently, investor confidence in Russia has taken a series of knocks, linked to the arrest of Russia's top businessman Mikhail Khodorkovsky, former CEO of Russia's largest oil company, Yukos. For several months, Yukos and its managers have been under investigation for fraud and tax offenses, but many analysts see the campaign as a politically motivated attack orchestrated by the Kremlin, raising questions about the stability of Russia's legal and political environment.

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