Shareholders in Russia’s former biggest oil and gas company, Yukos, were awarded $21.7 billion too much as part of their $50 billion compensation claim. A review of the appeal by the Russian Federation also claims the company had no right to sue Russia.
President Vladimir Putin’s decision to pardon former oil tycoon Mikhail Khodorkovsky was a humanitarian act and has nothing to do with his pledge not to go into politics, the Russian leader assured. He added he didn’t regret the move in the least.
The English version of a widely-read Russian book titled ‘Khodorkovsky. Who killed my husband?’ was released in Prague on Monday. Written by the widow of an assassinated Siberian city mayor, it implicates ex-tycoon Mikhail Khodorkovsky in the murder.
Russia must pay $2.51 bn (€1.87 bn) in compensation to the former shareholders of Yukos, once Russia's largest private oil company, for unfair tax proceedings. The European Court of Human Rights has also ruled Russia must pay €300,000 in legal costs.
Platon Lebedev, the partner of former oil tycoon Mikhail Khodorkovsky, has left prison after Russia’s Supreme Court ruled that his term should be reduced to time served. Lebedev was in prison for money laundering and fraud.
If Khodorkovsky genuinely wished to show he is not planning to get involved into politics, he would have avoided equivocal statements during his press conference, political commentator and former Kremlin advisor Aleksandr Nekrassov told RT.
Khodorkovsky is being used by Western media to slander Moscow’s policies, was one of the opinions voiced by analysts following former oil tycoon’s release, as RT asked experts if the man could pose a threat to Russia, considering his criminal past.
The pardon for Mikhail Khodorkovsky has divided experts over the economic implications of his release, while some consider it to be insignificant for the business climate; others claim that investment in Russia would increase.
Once Russia’s richest oil execs, Mikhail Khodorkovsky has been released from prison, cutting his sentence short. The move signals President Putin is serious about returning foreign investment to Russia and cracking down on capital flight.