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By prospect   May 2009

The Economist prepares for a lengthy legal battle

The Economist is being sued by a little-known but very rich oligarch and his secretive oil trading company, according to Russian business daily Vedomosti. The man in question is one Gennady Timchenko, who runs Gunvor, a trading firm that has risen from obscurity to dominate Russian seaborne oil exports. Gunvor’s rise followed the demise of Yukos, once Russia’s largest oil company—and the Economist said as much in a wider piece about corruption in Russia which, evidently, Gunvor and Timchenko thought libellous. (Coincidentally, former Yukos boss Mikhail Khodorkovsky, who was imprisoned in Siberia…

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