The Russian Oil Giant Yukos - When Business and Politics Collide

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This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.

Case Details:


Case Code : ECON007 For delivery in electronic format: Rs. 500;
For delivery through courier (within India): Rs. 500 + Rs. 25 for Shipping & Handling Charges


Business Environment
Case Length : 18 Pages
Period : 1993 - 2004
Pub Date : 2004
Teaching Note : Not Available
Organization : Oil
Industry : -
Countries : Russia


The case examines the crisis at Yukos, Russia's leading oil company, on account of a feud between its former CEO, Mikhail Khodorkovsky (Khodorkovsky), and the Russian government. It gives a brief outline of Russia's history and the Russian oil industry over the years, and the country's economic and political scenario during the 1990s.

It discusses the emergence of oligarchs and their relations with the government during Yeltsin's and Putin's presidential terms. The case then examines the formation of Yukos, its growth under Khodorkovsky's leadership and the corporate culture and corporate governance restructuring it undertook during the early 21st century.

It discusses in detail the events that led to the arrest of Khodorkovsky and many other key executives of Yukos in 2003. Finally, the case examines the future prospects of Yukos in the light of the above crisis. A country report on Russia and an industry note on the Russian oil industry are available to facilitate better understanding of the Yukos story.


The political and economic environment of Russia and the strategic importance of the oil industry for the country's economy

The role of oligarchs in changing the dynamics of the Russian oil industry during the 1990s, with special reference to Khodorkovsky


  Page No.
Russia's Richest Man Goes to Jail 1
Russia, ITS Oil Industry & The Oligarchs 2
Yukos - Khodorkovsky's Early Days 4
Yukos - Turning Over a New Leaf 5
Yukos - Battling the Kremlin 7
Russia's Politics-Business Quagmire 9
An Uncertain Future - Developments Till March 2004 10
Exhibits 13


Yukos, Russia, oil company, feud, CEO, Mikhail Khodorkovsky , Russian government, history, oil industry, economic, political, scenario, oligarchs, Yeltsin, Putin, presidential terms, Yukos, growth, leadership, corporate culture, corporate governance restructuring, arrest, 2003

Russia's Richest Man Goes to Jail - Next Page>>


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