Khodorkovsky Redux Concern Falling Short in Russia Market

Khodorkovsky Redux Concern Falling Short in Russia Market

Russian billionaire Vladimir Evtushenkov immediately sparked comparisons to the 2003 arrest of Mikhail Khodorkovsky that led to the dismantling of the oil company he founded. analysts and political pundits making the connection may be proven right in the end, stock investors aren’t convinced that the concern is justified.

Russia’s benchmark Micex Index (INDEXCF) retreated 3.1 percent in the first three days after Evtushenkov was put under house arrest,on suspicion of money laundering, less than half the 7 percent plunge that followed the jailing of Khodorkovsky. read more