Thursday, January 20, 2011

New Khodorkovsky verdict could scare Western investors says aide

The new jail term handed to former oil tycoon Mikhail Khodorkovsky may prompt Western businesses to look closer at the risks of investing in Russia, the Russian president's chief economic advisor Arkady Dvorkovich said on Wednesday.

"I think a large part of the international community will have serious questions, and the risk assessment of working in Russia will increase," Dvorkovich said in an interview with Gazeta.ru.

"We will see and hear everything at the World Economic Forum in Davos very soon," he said.

Khodorkovsky, 47, and his business partner Platon Lebedev, 54, were sentenced to 14 years years in jail after being found guilty of stealing from their former oil firm Yukos and laundering the proceeds in a politically tinged trial last month.

The two men had been nearing the end of their eight-year sentences for fraud and tax evasion from their 2005 trial and will remain behind bars for another six years.

The United States and European countries have lashed out at the verdict, voicing serious concerns of politicization.

 

MOSCOW, January 19 (RIA Novosti)

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