Yukos Oil

Yukos Oil was a major Russian energy company that primarily extracted and sold oil. It was once one of the largest private oil companies in Russia, playing a significant role in the country's economy. In the early 2000s, the Russian government accused Yukos of tax evasion and other charges, leading to its assets being seized and sold off, effectively dismantling the company. The case drew international attention, highlighting issues of corporate governance, legal transparency, and political influence in Russia’s resource sector. Yukos's collapse marked a pivotal moment in Russian economic history and raised concerns about the rule of law and privatization.