Thursday, August 09, 2007

Didn't Take Long: Predicted Action Taken Against Russian Oil Company Owner

I mentioned this guy, Mikhail Gutseriev, awhile back, and predicted that his outspoken stance against the expropriation of his oil company would land him in trouble. Well, it's happened. Shares in his company, Russneft, have been frozen, and he's now being accused of tax evasion and "illegal entrepreneurship." I'm sure it'll be off to the gulag for him soon.

And, for those who don't know, "illegal entrepreneurship" in Russian (and Soviet) lingo basically means doing business without the state's blessing. I remember my wife telling me about her mom's black market sewing business back in the USSR--that would have been "illegal entrepreneurship" as well.

No comments: