Commentary Magazine


Topic: ExxonMobil

ExxonMobil’s Role in Oil Tycoon’s Arrest

On October 25, 2003, machine-gun bearing Russian police raided oil tycoon Mikhail Khodorkovsky’s jet as it was refueling in the Siberian metropolis of Novosibirsk. They arrested Khodorkovsky, and he remains in prison to this day–though his release date, which is consistently pushed back, is now set for the year 2017.

The story that led up to Khodorkovsky’s arrest is fairly well-known: he was one of the “oligarchs” who took control of a state oil company in the 1990s and openly challenged Vladimir Putin in the political sphere. Claiming justice for Russia, Putin charged Khodorkovsky’s firm, Yukos, with tax evasion, declared it bankrupt, and seized control of the oil giant for the state, keeping Khodorkovsky locked up on trumped-up charges. But now there is a new wrinkle in the story, and according to Steve Coll’s new book on ExxonMobil, out today, Putin may have been spooked into arresting Khodorkovsky when he did (it’s not a question of “if”) after a conversation with Exxon CEO Lee Raymond.

Read More