Yukos and Putin play last-chance poker

The high-stakes game of poker between jailed businessman Mikhail Khodorkovsky and Russian president Vladimir Putin entered its final round last month after bailiffs seized Yukos?s core production unit and threatened to sell it off at knockdown prices. Bailiffs seized Yukos?s Yuganskneftegaz production subsidiary on July 20 to pay off a $3.4 billion tax bill, relieving Russia?s second-biggest oil company of its main cash cow. The subsidiary accounts for 70% of Yukos?s oil reserves and 60% of production. It has also contributed most of Yukos?s double-digit production growth in recent years.