Thread by @codyave

Anyone know what came of this transfer of oil shares?

#Yukos #Khodorkovsky
archive.vn/UwpG
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Shares were transferred the same year that Nathaniel (Nat) introduced Deripaska to Rick Gates.

(Nat = Lord Jacob's only son)

By 2007, most of Yukos's assets had been auctioned at a fraction of their value (likely due to rigged bidding).

"Rosneft has bought most of the assets of Yukos since Russia started selling them a year ago to recover over $30 billion of back-tax debt."

archive.vn/zddp

Yukos's former owner, Mikhail Khodorkovsky, has been vocal about his thoughts on Rosneft's acquisition of Yukos's assets:

"Khodokorvsky has accused [Rosneft's] Sechin of plotting to have him arrested and plundering [Yukos]"

en.wikipedia.org/wiki/Igor_Sech…

His son, Pavel, however, had come to a different conclusion.

It was Vladislav Surkov who had most likely set up his father.

…hj77lcyoafdy-tvrain-ru.translate.goog/teleshow/sobch…

All things considered, Surkov's relationship with Khodorkovsky had started out well during the post-Soviet fallout of the early 90's, first becoming his bodyguard, and then later running his first ad campaign.

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Then, as it happens, things got ugly.

Surkov had apparently asked to become a full partner at Khodorkovsky's companies (Yukos and Menatep Bank), but was rebuffed, leading Surkov to seek a path towards imprisoning Khodorkovsky.

archive.vn/81pyT

According to Mikhail, Sechin wanted to imprison Khodorkovsky and then wanted to seize Yukos's assets.

According to Pavel, Surkov also wanted to imprison Khodorkovsky and then (probably) wanted to seize Yukos's assets.

Maybe this means Sechin and Surkov were working together?

Turns out, nope, they both hated each other.

But, they were both competing for the same acquisition: Khodorkovsky's Yukos.

For Sechin, to bolster Rosneft.

For Surkov, Gazprom.

archive.vn/shU9C

Fortunately for Sechin, he got to Yukos before Surkov.

However, the acquisition, plus recent govt taxes on oil, had nearly bankrupted Rosneft, almost to the point where Sechin would've had no other choice but to sell Yukos to Gazprom.

(But he held on.)

archive.vn/shU9C

It's no wonder Sechin went after Yukos.

Prior to his arrival, Rosneft's financials were pretty lacking.

en.wikipedia.org/wiki/Rosneft

And just check out the steal of a deal Sechin got on Yukos's Yuganskneftegaz.

600% ROI in just one year.

en.wikipedia.org/wiki/Yukos

Rosneft's valuing of Yuganskneftegaz is probably accurate, going off of the Hague's 2014 ruling in favor of Yukos shareholders.

archive.vn/rNiiJ

Funny thing about the Hague's ruling, it was overturned in 2016.

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But then was reinstated last year.

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As expected, though, the case is still ongoing.

urdupoint.com/en/world/dutch…

In 2013, Khodorkovsky told the NYT that he had given his personal shares of Yukos to Leonid Nevzlin, one of his business partners.

Still underermined, apparently, is who possesses his shares in Menatep Bank, which itself owns 42% of Yukos.

nytimes.com/2013/12/31/bus…

Also in 2013, his nemesis over at Rosneft, Igor Sechin, "scored a victory" for the Kremlin as TNK-BP was purchased for a record sum of $55 billion.

Bet that stung.

archive.vn/hu1ij

Ten years prior, Rosneft was struggling to stay afloat.

But now, after having acquired Yukos (it's Yuganskneftegaz subsidiary alone having been valued at $56b), Sechin is suddenly able to afford a $55b payout.

Before his arrest in late October 2003, Khodorkovsky had been in negotiations with ChevronTexaco and ExxonMobil to sell Yukos for an estimated $40b.

All that money, now in the hands of the shareholders of TNK-BP, thanks to Sechin.

archive.vn/CfxbE

And the principal shareholders of TNK-BP?

British Petroleum, for one.

The others, you've most likely heard of, as they were all widely discussed in the Mueller report: Fridman (Alfa Bank), Vekselberg (Renova), Blavatnik (Access), and Khan (Alfa Group).

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Another way Khodorkovsky got hosed, is that Yukos's 20% stake in Sibneft was ruled invalid, and was then sold to Gazprom.

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"It is said that TNK-BP, Rosneft’s adversary in the auction, was likely pushed by the Kremlin to participate in the sale of Yukos to lend it an air of legitimacy"

"it is peculiar that BP bowed out of the Yukos auction after only four minutes of bidding"

files.ethz.ch/isn/47275/YUKO…

"When you read about Clinton & Yeltsin & Glencore friendship, last piece you miss is Khodorkovsky story, how he tried to sell Rosneft to USA, ended up in prison, and Rosneft ended up in British Petroleum. Alfa Bank was main actor. Its that simple."

archive.vn/FoV8Y

Pretty sure this part is supposed to be Yukos, though, not Rosneft.

(Your thoughts, @RNP_1?)

Guessing what Pavel is suggesting here, is that the Alfa Bank comms supplied to Sussmann/Steele in 2016 were actually first acquired by Khodorkovsky, whose mission was to get payback on his old nemeses, Alfa's Fridman and Aven, for their 2004 collusion with Rosneft against Yukos.

Also, there's this:

"I guess that [the Alfa Bank] investigation was somewhat of 'an offer not to refuse'. My wild guess is that the offer was not refused."

https://web.archive.org/web/20191104204142if_/https://twitter.com/rnp_1/status/1191453477744062464