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Buro Pravovoi Informatsii, July 10, 2003

The events connected with the YUKOS company will lead to a loss of Russia's investment appeal and economic instability.

Moscow, July 10. (BPI). The events connected with the YUKOS company will lead to a loss of Russia's investment appeal and economic instability. This statement was made today by the leader of the YABLOKO faction of the State Duma Grigory Yavlinsky at a meeting of the "Open Forum" club devoted to the "Political and Power Instruments of the Big Economy in Russia: Contexts and Consequences."

Yavlinsky noted that the recent drop of the rates at the stock market was the sharpest since the 1998 crisis.The capitalisation of YUKOS has also fallen considerably. Yavlinsky also said that the YABLOKO faction had forwarded in inquiry to the Prosecutor's Office on the liability for the damage caused to the economy of the country and the political system by the action of officials from the Public Prosecutor's Office. He also stressed that YABLOKO would insist on a response to this inquiry. Yavlinsky also stated that Russia should develop a liberal and social concept aimed at a civilized separation of business and the authorities. According to Yavlinsky, independent judicial system, independent parliament, press and elections should form the basis of the concept. Further development of the economy is impossible without these pre-requisites.

 

See also:

YUKOS case

Buro Pravovoi Informatsii, July 10, 2003

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