Russia » Economics

"Yukos-Sibneft corporeal wars will not result in anything positive."

Yukos stock dropped once again after it became obvious that the corporeal war with Sibneft is inevitable. Yukos intends to change Sibneft's board of directors for its own benefit in order to strengthen its position for the upcoming negotiations with Millhouse.
However, Yukos is least likely to gain anything from such move, reports "Kommersant". The company has already been addressed with 678 various inquiries from Russia's law-enforcement. About 150 of those inquiries have been addressed in December, right when Yukos and Sibneft decided to split. Therefore, it is still too early to draw a curtain on Yukos.
RAO UESR (Russian Joint Stock Company-Unified Energy System of Russia) appears to be the most prominent candidate for a Christmas rally. Besides, talks about Chubais' resignation have quieted.

Source: OPEC.RU

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