Russian oil company problems likely to affect global oil prices

One year ago the future of the Russian oil giant, Yukos, was thrown into question when its owner, Russia’s richest man Mikhail Khodorkovsky, was arrested at gunpoint on charges of tax evasion and fraud.

Mr Khodorkovsky’s case is still meandering its way through the Russian courts, but it now appears that his company is set to be dismembered and sold off by the end of the year to pay off its massive tax debts.

As our Moscow Correspondent Emma Griffiths reports, analysts say the sale is highly likely to disrupt Russia’s oil supply and put pressure on the world price.

abc.net.ua