YUKOS declined to vote at today`s extraordinary meeting of Sibneft shareholders. Sibneft shareholders were to express their opinion on three amendments to Sibneft`s articles of association. YUKOS believes that the voting procedure made it impossible to express one's opinion on each of the proposed amendments. YUKOS representative Alexey Kuritsin notified Sibneft chairman Konstantin Potapov of this decision in a letter.
According to Kuritsin, the proposed amendments contradict the interests of Sibneft shareholders.
By summer, the Russian army may break through Ukrainian defences, reach Odessa and liberate Transnistria. The West will only “condemn” Russia's actions and continue supporting Chisinau in words