Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Wanted Yukos Shareholders Meet Bush in White House
MosNews ^ | 04.02.2005

Posted on 02/07/2005 2:29:34 AM PST by Lukasz

U.S. President George Bush yesterday hosted at the White House two Israeli-Russian businessmen involved in the Yukos oil major who are wanted by Moscow for alleged tax offenses.

Mikhail Brudno and Vladimir Dubov, both shareholders in the giant Russian oil enterprise Yukos, were invited to a White House breakfast as guests of Congressmen Tom Lantos and Christopher Cox, Israel’s Haaretz daily reported.

But U.S. Ambassador to Russia Alexander Vershbow said that Brudno and Dubov are staying in the United States legally and cannot be arrested.

“They are both, as I understand it, dual citizens of Israel and Russia, and they have valid U.S. visas. That gives them the freedom to travel to the United States,” Vershbow said in an interview with Interfax on Friday.

“There are no charges against either of these men in the U.S. legal system, so there is no basis for arresting them,” he said.

The Ambassador pointed out that the U.S. does not have an extradition treaty with Russia.

The two men currently reside in Israel, along with business partner Leonid Nevzlin. Following a Russian request for their extradition, the two are wanted by Interpol.

Brudno, Dubov and Nevzelin claim that the arrest warrants against them were politically motivated and issued at the order of the Russian president as part of a crackdown on Yukos.

Yukos and its major stockholders have supported centrist, democratic Russian political parties, and donated large sums of money to them.


TOPICS: Business/Economy; Crime/Corruption; Foreign Affairs; Israel; Miscellaneous; Russia
KEYWORDS: brudno; bush; cox; dubov; israel; lantos; russia; yukos
Yukos, just like other oil companies, used legal tax mechanism to reduce the taxes. Out of 24 per cent of the binding income tax, Yukos paid around 12-15 per cent. It should be added that e.g. Sibneft concern (Controlled by Kremlin’s loyal businessman Roman Abramovich) pays around 5 per cent of the income tax, and the aluminum concern RusAl around 3 per cent (out of 24). Both companies are loyal to the Kremlin; the Tax Office and the prosecution authorities have not applied any sanctions against them.

Source: Center for Eastern Studies, Warsaw, Poland
Putin after re-election
1 posted on 02/07/2005 2:29:35 AM PST by Lukasz
[ Post Reply | Private Reply | View Replies]

To: Drew68; Quinotto; DTA; Ravi; bummerdude; twinself; dakine; eddiespaghetti; PhilDragoo; 68skylark; ..
Eastern European ping list


FRmail me to be added or removed from this Eastern European ping list ping list.

2 posted on 02/07/2005 2:30:23 AM PST by Lukasz (Terra Polonia Semper Fidelis!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lukasz

Sounds confusing.

It also sounds like if Russia keeps working at it, the tax code there might eventually become as screwed up as it is here in the U.S.

But they'll really have to want to mess it up if they expect to achieve the level of absurdity enshrined in the American tax code.


3 posted on 02/07/2005 2:55:09 AM PST by Imal (Saluting SPC Taylor Burk, a genuine hero and true American. d. 1/26/2005)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lukasz
Wanted Yukos Shareholders Meet Bush in White House .....

Ah,....U.S. gas prices to rise so as to pay for Yukos mis-adventures.

P.T. Barnum,....

"There's a America Sucker born every day!?"

.....Go U.S. 'BP' oil prices up too!

/sarcasm $$$$$$$...?

4 posted on 02/07/2005 5:06:25 AM PST by maestro
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lukasz
"Brudno, Dubov and Nevzelin claim that the arrest warrants against them were politically motivated and issued at the order of the Russian president as part of a crackdown on Yukos. "

Putin has ruined the business climate of Russia for years to come.. No one can trust him as long as he is in power.
5 posted on 02/07/2005 7:05:46 AM PST by monday
[ Post Reply | Private Reply | To 1 | View Replies]

To: maestro

"Ah,....U.S. gas prices to rise so as to pay for Yukos mis-adventures."

? What are you talking about?


6 posted on 02/07/2005 7:07:37 AM PST by monday
[ Post Reply | Private Reply | To 4 | View Replies]

To: monday; Destro; A. Pole; GarySpFc; Poohbah; Lion in Winter; FormerLib
If that is so, then what is to be said of our government with Martha Stewart, Enron, Tyco, etc. I guess Al Capone should have been left in power, because God forbid, he was as honost a broker as Khadarkovsky.

Oh and while we're on the subject, Yushchenko is doing the same thing and more, planning on reversing most of the privatizations. I'll wait real hard to hear everyone's criticism there, while he and Ukraine join the corrupt EU.

7 posted on 02/07/2005 12:28:47 PM PST by jb6 (Truth = Christ)
[ Post Reply | Private Reply | To 5 | View Replies]

To: monday
Putin has ruined the business climate of Russia for years to come.. No one can trust him as long as he is in power.

Yours is a pipe dream:

Russia repays debt to IMF

World Bank chief: Russian economy doing well

MPs to give up some privileges (Russia cuts government)

8 posted on 02/07/2005 12:32:17 PM PST by jb6 (Truth = Christ)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Lukasz; jb6; Imal; maestro; monday

So how much did these foreign citizens have to pay to meet with Bush to try and influence him? At least they did not get to sleep in the Lincoln Bedroom.


9 posted on 02/07/2005 12:36:39 PM PST by Destro (Know your enemy! Help fight Islamic terrorism by visiting johnathangaltfilms.com and jihadwatch.org)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Destro

Well, IMO this is discreet signal for Putin that Bush administration isn’t happy with this how he acting recently. For sure some American investors have business in Russia and nobody would like to end his carrier there like Yukos owners. I know that they weren’t earned their fortunes legally in the past but this don’t means that Putin or any other political fraction may acting similarly now.


10 posted on 02/07/2005 12:51:29 PM PST by Lukasz (Terra Polonia Semper Fidelis!)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Lukasz

Lucky for us Russia did not get involved when they broke up the Trusts during the ealry 20th century.


11 posted on 02/07/2005 1:04:30 PM PST by Destro (Know your enemy! Help fight Islamic terrorism by visiting johnathangaltfilms.com and jihadwatch.org)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Lukasz; Destro

Why should it matter to you? Polish business is barred in Russia anyways, so you're left alone and no one buys your products there. You should be extremely happy, less contact between Poland and Russia, your heart's desire.


12 posted on 02/07/2005 1:09:36 PM PST by jb6 (Truth = Christ)
[ Post Reply | Private Reply | To 10 | View Replies]

To: jb6

Sorry but our export to Russia increased by 60% in this year.


13 posted on 02/07/2005 1:16:04 PM PST by Lukasz (Terra Polonia Semper Fidelis!)
[ Post Reply | Private Reply | To 12 | View Replies]

To: Lukasz
Sorry but our export to Russia increased by 60% in this year.

Really? Hmm how could this be in unfree, uncapitalist Russia. You must have had it so much better under Yeltsin. This just doesn't make sense. /sarcasm

14 posted on 02/07/2005 1:23:23 PM PST by jb6 (Truth = Christ)
[ Post Reply | Private Reply | To 13 | View Replies]

To: jb6

Think what may happen if Russia would be really capitalistic and democratic. Other thing is that we aren’t starting with high level.


15 posted on 02/07/2005 1:28:39 PM PST by Lukasz (Terra Polonia Semper Fidelis!)
[ Post Reply | Private Reply | To 14 | View Replies]

To: Lukasz
Think what may happen if Russia would be really capitalistic and democratic.

How about this: you get Poland that way and lead by example. You've got your work cut out for you.

16 posted on 02/07/2005 1:30:18 PM PST by jb6 (Truth = Christ)
[ Post Reply | Private Reply | To 15 | View Replies]

To: Lukasz
For sure some American investors have business in Russia and nobody would like to end his carrier there like Yukos owners. I know that they weren’t earned their fortunes legally in the past but this don’t means that Putin or any other political fraction may acting similarly now.

I invested in a Russian mutual fund and it is paying off handsomly.
One would have thought the Poles would have learned their lesson after the backlash they recieved from Russia over the Ukraine, but I am beginning to believe they never learn.
17 posted on 02/07/2005 1:32:58 PM PST by GarySpFc (Sneakypete, De Oppresso Liber)
[ Post Reply | Private Reply | To 10 | View Replies]

To: jb6

I absolutely have nothing against investments in Russia, I would like to see still progress there but it isn’t dependent only from Poland. The same is with Russian oil or gas, but without blackmails!


18 posted on 02/07/2005 1:35:36 PM PST by Lukasz (Terra Polonia Semper Fidelis!)
[ Post Reply | Private Reply | To 16 | View Replies]

To: jb6; monday

Wow Russia is being applauded by the biggest international socialist shakedown artists in the world. That proves they are a good investment. Not.


19 posted on 02/07/2005 1:38:09 PM PST by Tailgunner Joe
[ Post Reply | Private Reply | To 8 | View Replies]

To: GarySpFc
One would have thought the Poles would have learned their lesson after the backlash they recieved from Russia over the Ukraine, but I am beginning to believe they never learn.

Lesson? You still don’t catch that OUR vision (democracy, stability) won there?
20 posted on 02/07/2005 1:38:18 PM PST by Lukasz (Terra Polonia Semper Fidelis!)
[ Post Reply | Private Reply | To 17 | View Replies]

To: Lukasz; GarySpFc

Democracy by joining the EU? When did I step into the Twilight Zone?


21 posted on 02/07/2005 1:47:07 PM PST by jb6 (Truth = Christ)
[ Post Reply | Private Reply | To 20 | View Replies]

To: Lukasz
You still don’t catch that OUR vision (democracy, stability) won there?

Won? So it was the Polish vision of democracy for the Ukraine you wanted and not their vision?
22 posted on 02/07/2005 2:25:28 PM PST by GarySpFc (Sneakypete, De Oppresso Liber)
[ Post Reply | Private Reply | To 20 | View Replies]

To: GarySpFc

Imagine that we both have the same vision, this vision means democracy and is characteristic for all civilized societies. I don’t see any reason to call this Polish vision and for sure isn’t imposed vision like you trying to suggest. It is amazing that how people like you ignoring will of the Ukrainian nation, fortunately your opinion isn’t important for them.


23 posted on 02/07/2005 2:37:30 PM PST by Lukasz (Terra Polonia Semper Fidelis!)
[ Post Reply | Private Reply | To 22 | View Replies]

To: Lukasz; Tailgunner Joe; MeekOneGOP; Grampa Dave; Happy2BMe; Grzegorz 246; lizol; devolve; onyx; ...
Imagine that we both have the same vision, this vision means democracy and is characteristic for all civilized societies.

Elections in Afghanistan, Ukraine, Iraq.

Seeing a trend here, even if there are some in denial.


24 posted on 02/07/2005 6:36:22 PM PST by PhilDragoo (Hitlery: das Butch von Buchenvald)
[ Post Reply | Private Reply | To 23 | View Replies]

To: jb6
Russia's economy is a joke. It's GDP is minuscule compared to it's size. It's riddled with corruption both inside and outside government. It's a pity. I like Russia, but it is being exploited by it's leaders.
25 posted on 02/08/2005 6:31:15 AM PST by monday
[ Post Reply | Private Reply | To 8 | View Replies]

To: monday
If you look strictly at GDP then yes, but then again, all that means is you're taking rubles and transferring them into dollars and since the dollar fell 15% vs the ruble in the past year, does that mean all Russians are 15% richer? That's the joke way of economics. The reality is Purchasing Power Parity. That's when you compare a basket of basic goods and figure out equivalently what the local salary is worth.

In America, a dollar will buy you a candy bar and that's about it and not even the king sized one at that. In Russia a dollar, 27.8 rubles (two years ago it was 33 rubles) will still buy you a loaf of bread (and good bread at that not the wet chemical dow that we get) and 1.5 kg of potatoes. Thus the average family is earning 280 dollars per month and lives normally off of that.

Further, by CIA World Book calculations, Russia's PPP value stands at 1.28 trillion, making it the 6th largest economy and those are 2003 estimates. With a 6.9% growth rate this year, that sets it at: $1.368.

Economics is more then just looking at dollar value of someone, dollar is a relative issue, especially as a fiat and in effect unbacked piece of paper.

26 posted on 02/08/2005 6:55:15 AM PST by jb6 (Truth = Christ)
[ Post Reply | Private Reply | To 25 | View Replies]

To: jb6
"Thus the average family is earning 280 dollars per month and lives normally off of that."

lol.... sure, as long as normally means lots of potatoes and cabbage, and a cramped soviet era apartment where three generations live in two rooms.
27 posted on 02/08/2005 9:37:52 AM PST by monday
[ Post Reply | Private Reply | To 26 | View Replies]

To: monday
The apartments vary from place to place, but I can tell you this, you can take that cramped apartment in Moscow (everyone owns their apartments) and sell it to a Western corp for their employees for around $80-200K cash.

As for food, the diet there is more varied but the point is: no one starves and to buy a cottage (ducha) in the country side costs around $5K.

As for those apartments, many of those buildings are being torn down and larger, modern ones put up. The tenants of the old ones get a new modern apartment and the company gets a set of new open apartments to sell too.

28 posted on 02/08/2005 9:43:27 AM PST by jb6 (Truth = Christ)
[ Post Reply | Private Reply | To 27 | View Replies]

To: jb6

"everyone owns their apartments"

If everyone owns their own apartments, why are three generations living in the same one?


29 posted on 02/08/2005 10:16:21 AM PST by monday
[ Post Reply | Private Reply | To 28 | View Replies]

To: monday

Because in major cities, like Moscow or Kiev, etc, there was always a shortage of apartments. That's one reason you had to register to live in Moscow and other major cities, to control migration into them and keep slums from appearing.


30 posted on 02/08/2005 2:38:14 PM PST by jb6 (Truth = Christ)
[ Post Reply | Private Reply | To 29 | View Replies]

To: GarySpFc
"One would have thought the Poles would have learned their lesson after the backlash they recieved from Russia over the Ukraine, but I am beginning to believe they never learn."

What ?
31 posted on 02/11/2005 5:14:02 AM PST by Grzegorz 246
[ Post Reply | Private Reply | To 17 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson