‘Yukos case hit Russia’s image’

Acknowledging that the trial against oil tycoon Mikhail Khodorkovsky had lowered trust in Russian economy, Moscow on Wednesday said the Yuko...

Acknowledging that the trial against oil tycoon Mikhail Khodorkovsky had lowered trust in Russian economy, Moscow on Wednesday said the Yukos case was a “serious lesson”, which should never be repeated.

“Yukos was a serious lesson and would have implications for the economic development for some time,” Finance Minister Alexei Kudrin was quoted by the Russian media. “Of course it contributed to the lowering of trust in the Russian economy,” he said.

Yesterday, a Moscow court sentenced ex-Yukos CEO Khodorkovsky and his business partner Platon Lebedev to nine years’ prison term each on multiple charges including tax evasion, fraud and cheating.

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The broad spectrum of the Russian political forces hailed the court ruling, although the Communists were reserved in their comments. — PTI

Sentence ‘shocking’, says Russian press

MOSCOW: Most Russian newspapers reacted with shock at the nine-year prison term handed down to Yukos oil tycoon Mikhail Khodorkovsky. “Too much,” said the business daily Vedomosti. “The verdict scares the business world.” The respected Izvestia daily said nine years was the kind of sentence usually given to “murderers and rapists.” — Agencies

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