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.

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Your email address will not be published.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.