The Russian Oil Giant Yukos - When Business and Politics Collide

Case Code: ECON007 Case Length: 18 Pages Period: 1993 - 2004 Pub Date: 2004 Teaching Note: Not Available

Price: Rs.500 Organization : Yukos Industry : Oil Countries : Russia Themes: Business Enviornment

Abstract Case Intro 1 Case Intro 2 Excerpts

Russia, ITS Oil Industry & The Oligarchs

To understand the story of Yukos, it is extremely important to study the evolution of Russia's political and economical climate over the decades. Also, the role played by the country's oil industry in the above evolution needs to be clearly understood. Under the socialist regime that began under Vladimir I. Lenin (Lenin) in the 1920s and flourished under Joseph V. Stalin (Stalin), the Russian government had acquired control of all the industries. The oil industry too was nationalized by the communists and functioned as a state-run entity.

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