Mikhail Khodorkovsky, who spent 10 years in jail, was pardoned and freed last Friday. In 2004 he handed over his assets to his business partner Leonid Nevzlin. He could have assets worth $2.3 billion left.
In 2004 Khodorkovsky handed over more than 60% to Group Menatep, which owned 40% in YUKOS, reminded Bloomberg agency. Nevzlin, who was accused of masterminding the murder,currently lives in Israel.
YUKOS’s former managers manage the incomes from sale of YUKOS’s share in the Lithuanian oil refinery Mazeiku Nafta to Polish PKN Orlen for $1.5 billion and a share in Transpetrol to the Slovak government for $240 million. They have also won the cases against Rosneft in UK and US to return over $600 million worth credits allotted to YUKOS’s divisions before Rosneft bought them at the auctions, reported Bloomberg.
Khodorkovsky’s fortune before his arrest was evaluated at about $14-15 billion.
* On December 19, 2013 Russian President Vladimir Putin ardoned ex-President of YUKOS oil company Khodorkovsky. He was arrested on October 25, 2003 and later the Moscow court sentenced him to 11 years in prison. During his years in jail Khodorkovsky denied his guilt and was considered a political prisoner of Russia , because after his arrest the government announced YUKOS private company a bankrupt and management of all its assets was transferred to the state-run company Rosneft.—0--
Economics
-
The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
-
Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
-
Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
-
Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
Leave a review