Oil bribery trial divides Russia
Case of former economic minister and CEO of Rosneft splits ruling elite
A trial involving Russia’s former economy minister and the head of state-owned oil company Rosneft has split the country’s ruling elite and prompted difficult questions for the Kremlin.
The story has it all, says The Independent: “Exotic locations, alleged bungs, secret recordings and a basket of sausages.”
The case centres on a meeting held in Goa, India, in October 2016. Alexey Ulyukayev, then economy minister, allegedly pressured Igor Sechin, CEO of Russia’s state-run oil company and close confidant of Russian President Vladimir Putin, into agreeing to pay a $2m bung so that Ulyukayev would drop his opposition to Rosneft’s majority purchase of rival oil company Bashneft.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Ulyukayev became the first serving minister since soviet secret police chief Lavrenty Beria in 1953 to be arrested when he was caught in an elaborate bribery sting, allegedly orchestrated by Sechin.
The Bashneft deal “had been presented as a watermark test for Russian privatisation but resulted in a tug-of-war within the government”, says The Independent.
In a country where senior politicians are rarely brought to trial, the case has split the ruling elite and reignited questions as to the relationship between the Kremlin, business and state-owned industries.
While he has said he was aware of the operation, President Putin has sought to maintain his distance and arbitrate between the liberal free market and protectionist factions within his government.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
5 capitulating cartoons about the Democrat's shutdown surrenderCartoons Artists take on Democrat's folding, flag-waving, and more
-
How are these Epstein files so damaging to Trump?TODAY'S BIG QUESTION As Republicans and Democrats release dueling tranches of Epstein-related documents, the White House finds itself caught in a mess partially of its own making
-
Margaret Atwood’s memoir, intergenerational trauma and the fight to make spousal rape a crime: Welcome to November booksThe Week Recommends This month's new releases include ‘Book of Lives: A Memoir of Sorts’ by Margaret Atwood, ‘Cursed Daughters’ by Oyinkan Braithwaite and 'Without Consent' by Sarah Weinman
-
Nigeria confused by Trump invasion threatSpeed Read Trump has claimed the country is persecuting Christians
-
Sanae Takaichi: Japan’s Iron Lady set to be the country’s first woman prime ministerIn the Spotlight Takaichi is a member of Japan’s conservative, nationalist Liberal Democratic Party
-
Russia is ‘helping China’ prepare for an invasion of TaiwanIn the Spotlight Russia is reportedly allowing China access to military training
-
Interpol arrests hundreds in Africa-wide sextortion crackdownIN THE SPOTLIGHT A series of stings disrupts major cybercrime operations as law enforcement estimates millions in losses from schemes designed to prey on lonely users
-
China is silently expanding its influence in American citiesUnder the Radar New York City and San Francisco, among others, have reportedly been targeted
-
How China uses 'dark fleets' to circumvent trade sanctionsThe Explainer The fleets are used to smuggle goods like oil and fish
-
One year after mass protests, why are Kenyans taking to the streets again?today's big question More than 60 protesters died during demonstrations in 2024
-
What happens if tensions between India and Pakistan boil over?TODAY'S BIG QUESTION As the two nuclear-armed neighbors rattle their sabers in the wake of a terrorist attack on the contested Kashmir region, experts worry that the worst might be yet to come