By Country / Russia
Yukos Declared Bankrupt
August 01, 2006
An oil field in Tomsk, once the property of Yukos (ITAR-TASS)
The decision marks the end of a three-year drama that has seen Yukos' billionaire founder Mikhail Khodorkovsky jailed in a Siberian penal colony for tax evasion and fraud.
Many see the case as a punishment for Khodorkovsky's political ambitions and a result of the Kremlin's desire to regain control of the energy sector.
(AFP, AP)