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« Instant FOMC Statement | Main | Earnings Reports » July 5, 2006 Rosneft's IPO: "A Sale of Stolen Goods"The lawyer representing, Mikhail Khordorkovsky, the founder of Yukos, is claiming that Rosneft's IPO is a sale of stolen goods. It's hard to disagree with him. Yukos was essentially looted by the Kremlin and turned over to Rosneft. George Soros agrees and he think the IPO should be blocked: "I think that Russia is working as a monopoly supplier and it is essential for Europe to have a coordinated energy policy to be able to stand up as equal partners in negotiating with Russia," Soros said. The IPO is scheduled for next week. Posted by edelfenbein at July 5, 2006 10:55 AM |
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