Royal Dutch Shell Plc  .com Rotating Header Image

Sunday Express: London Stock Exchange ‘should have warned investors’ on Russia, says Yukos lawyer

Sunday 24 September 2006

THE lawyer of jailed Russian oligarch and former Yukos chief Mikhail Khodorkovsky criticised the London Stock Exchange for failing to warn investors of risks in trading with Russia, writes Jo MacFarlane. Robert Amsterdam, a founding partner of Toronto-based law firm
 
Amsterdam & Perroff, told the Financial Sunday Express the UK exchange was turning a “blind eye” to Russia’s “appalling record” on corporate governance.

The World Bank report, Governance Matters, published this month, ranked Russia 151st out of 200, on a par with Swaziland.
 
“What happened in Sakhalin strengthened the case for those in Russia to use energy as a weapon — which the West will continue to allow,” Amsterdam said. “That is why the World Bank report is so important but the silence that greeted it is staggering.

“The Kremlin has been turning regulatory staff into extortionists. They did it over Yukos, and now over Sakhalin. “The British Government and the rest of Europe allowed Russia to behave in a frankly shocking manner,” he added. “I never accept that Russia has leverage over Europe.”

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.