Thursday, June 28, 2007. Issue 3687. Page 5.
Mikhail Fridman’s Alfa Bank said it might become a target for state acquisition or liquidation in view of developments surrounding Russneft, Yukos and Sakhalin-2.
In a note to investors that accompanied a $500 million Eurobond float offer, the bank said recent state takeovers of private companies was a risk factor that investors face in Russia.
A tax investigation into Yukos resulted in the imprisonment of its owner, Mikhail Khodorkovsky, and the sale of its assets, while both the government and Gazprom pressured Shell to relinquish its control of Sakhalin-2, the bank said in the memorandum, Vedomosti reported Wednesday. The bank said both Yukos and Sakhalin-2 put a question mark on the security of private property, the rights of investors and the independence of the courts in Russia. In addition, “they negatively reflected on investment in the Russian economy, especially in the oil and gas sector,” it said.
Alfa Bank’s owners have a stake in TNK-BP, which last week sold control of the Kovykta gas field to Gazprom after coming under state pressure.
The bank said it had cut back on its business dealings with Russneft, whose owner Mikhail Gutseryev is at the center of a tax investigation, but “there is no guarantee that either the bank or its clients will not become the next victim.”
Alfa Bank extended a $420 million loan to Russneft in 2004 and a year later underwrote a 7 billion ruble, five-year bond for the company, Vedomosti said.
http://www.themoscowtimes.com/stories/2007/06/28/042.html
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
