Transparency Clouds Future of `Bad Actors

  Lukoil Vice President Leonid Fedun explained the reasoning behind his company's action - a logic that likely applied to the Chinese transaction, as well. According to the Financial Times, Fedun said the "move on to the London market was made `in order to avoid the political risk that exi...

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Bibliographic Details
Published in:Insight on the news (Washington, D.C.) D.C.), 2001-07, Vol.17 (28), p.44
Main Author: Gaffney, Frank J. Jr
Format: Magazinearticle
Language:English
Subjects:
Capital markets
Contracts
Listings
Management
Petroleum
Petroleum industry
Securities industry
Stock-exchange
Stocks
Online Access:Get full text
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Summary:  Lukoil Vice President Leonid Fedun explained the reasoning behind his company's action - a logic that likely applied to the Chinese transaction, as well. According to the Financial Times, Fedun said the "move on to the London market was made `in order to avoid the political risk that exists [in the United States]' He cited sanctions against Iraq, where Lukoil has been involved in oil-for-food contracts, and other countries such as Sudan and Iran where it has business."
ISSN:1051-4880