Yukos' bankruptcy

Yukos was a major Russian oil company that faced significant legal and political challenges in the early 2000s. The Russian government accused it of tax evasion and financial misconduct, resulting in hefty fines and the company's assets being confiscated. Finally, Yukos filed for bankruptcy in 2006 after losing its key assets and facing mounting debts. This process effectively dismantled the company, with its assets sold off to state-controlled entities. Yukos' bankruptcy is widely viewed as an example of how political and legal pressures can impact private businesses, especially in industries like energy that are vital to national interests.