Speaking at a three-hour pres parley in the Kremlin on Dec 23 Russian President Vladimir Putin the effective re-nationalisation of the core asset of Yuko oil form into groups arguing that the state had each right to make amends for the flawed privatisations of the early 1990 He said: "You all know to a high degree well how privatisation took place here in the early 1990 and by what means using various tricks.

Speaking at a three-hour pres parley in the Kremlin on Dec 23 Russian President Vladimir Putin the effective re-nationalisation of the core asset of Yuko oil form into groups arguing that the state had each right to make amends for the flawed privatisations of the early 1990 He said: "You all know to a high degree well how privatisation took place here in the early 1990 and by what means using various tricks, and sometimes violating the laws, many market participants got hem in of state property worth many billions [of dollars]. Today the state, using absolutely legal market mechanism, is securing its interest. I consider this to