APF reports that Russian state oil company was behind purchase of Yukos

I hate it when my cynicism proves well founded. Agency Presse-France is reporting that Russia's state oil company Rosnefts has purchased the never-never holding company that swooped in last week to purchase the largest part of Yukos, the privately owned oil giant that Vladimir Putin has been waging a private war against since its founder began challenging the power of the Russian state. This move completes the governments take-over of the once mighty oil company. It also reveals the degree to which the rule of law has become a punch line in Putin's Russia. Read the complete story here.