The Financial Times is reporting that all senior executives of the Yukos oil company have left Russia. The FT suggests they fear for their safety amid a flurry of arrest and search warrants issued by Russian prosecutors for oil company managers.
?There is not a single member of the management board left in Russia at the moment,? a person familiar with the situation said on Wednesday. Yukos, which has been crippled by tax claims of over $20bn (?15bn) and faces the forced sale of its main production asset, is now managed by remote control, according to the person.
Source: Financial Times