Royal Dutch Shell Plc  .com Rotating Header Image

Financial Post (Canada): Western investors find Russia’s watchdog more bite than bark

“Mr. Mitvol has wiped more than half a billion dollars off the value of gold producer Peter Hambro Mining in the past two weeks…”

Published: Dec 13, 2006

Environment watchdog Oleg Mitvol describes himself as a defender of the Russian people’s interests.

Critics portray him more as an attack dog unleashed by the Kremlin to grab back resources from foreign investors.

Mr. Mitvol, deputy head of Russia’s environment watchdog, has led an attack on the Royal Dutch Shell-led Sakhalin-2 energy project, the biggest single foreign investment in Russia.

Mr. Mitvol has wiped more than half a billion dollars off the value of gold producer Peter Hambro Mining in the past two weeks by announcing probes and plans to revoke licences. Many speculate that his environmental probes are meant to help Kremlin factions corral strategic assets into state companies.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

0 Comments on “Financial Post (Canada): Western investors find Russia’s watchdog more bite than bark”

Leave a Comment

%d bloggers like this: