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Russia's Mikhail Khodorkovsky faces another 6 years in prison

 

Moscow, Russia (CNN) -- A judge in Moscow sentenced Mikhail Khodorkovsky, the former head of Russia's Yukos oil company, and his business partner to 14 years in prison on corruption charges Thursday.

The sentence effectively adds six years behind bars for Khodorkovsky, since the judge set the sentence to begin in 2003 when he was initially imprisoned on other charges. Instead of a release in 2011, he will now be freed in 2017.

Khodorkovsky and partner Platon Lebedev were accused of stealing billions of dollars' worth of oil from Yukos production subsidiaries from 1998 to 2003. Khodorkovsky has already been convicted of underpaying taxes on the oil and is serving an eight-year sentence for fraud and tax evasion.

"The verdict is illegal, we will of course appeal it," said Khodorkovsky's lawyer, Yuri Schmidt. "It was delivered under pressure from the executive branch which is still headed by Mr. Putin." He added the verdict came under pressure from "people who are interested in keeping Mr. Khodorkovsky in prison."

Russia was hit with international criticism after the former oil tycoon was convicted of money laundering and embezzlement earlier this month. The United States, in particular, called it a case of selective prosecution.

U.S. State Department spokesman Mark Toner said after Thursday's sentencing that Washington remains "concerned by the allegations of serious due process violations, and what appears to be an abusive use of the legal system for improper ends, particularly now that Khodorkovsky and Lebedev have been sentenced to the maximum penalty."

Read WikiLeaks's revelations about U.S. concern over the trial

"Simply put, the Russian government cannot nurture a modern economy without also developing an independent judiciary that serves as an instrument for furthering economic growth, ensuring equal treatment under the law, and advancing justice in a predictable and fair way," Toner added.

Khodorkovsky had expressed a desire to run for office at one time and funded opposition political parties. He has said the trial was part of a Kremlin campaign to destroy him and take the company he built from privatization deals of the 1990s.

The Kremlin has denied any role.

In October, prosecutors asked for a 14-year prison sentence but said it should include the eight-year term that Khodorkovsky is already serving, which will end in October 2011.

The former oil magnate was previously incarcerated in a work camp near the town of Krasnokamensk, 6,500 kilometers (4,000 miles) from his native Moscow, but when the new charges were brought against the two men, both were moved to Moscow last year to stand trial.

The court also ordered Khodorkovsky and Lebedev to pay about $600 million in back taxes.

Few doubt that Khodorkovsky's prosecution has taken on a symbolism far beyond his own innocence or guilt. Critics say the embezzlement charges against him are absurd; analysts say Russia itself, and its commitment to the rule of law, is on trial.

"This verdict will be a verdict on whether Russia is a law-governed state, or whether it ever aspires to become one," said Masha Lipman of the Carnegie Endowment, "because currently it is not a law-governed state and the trial of Khodorkovsky and his partner Lebedev is the most striking example of it."

In his final address at his trial, Khodorkovsky made a last impassioned appeal.

"For me, as for anybody, it is hard to live in jail, and I do not want to die there. But if I have to, I will not hesitate. The things I believe in are worth dying for," he said.

 
   
Description  
This energy market report offers an incisive and reliable overview of the energy sector of the country. With a focus on oil, gas, coal and power markets, the report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2009 market data and continuous follow-up of markets news, this report brings clear and concise insights, to help tackle national energy challenges and opportunities.
 
   
Institutions & Energy  
Policy In 2010 the country created the National Energy Commission to better coordinate the various bodies involved in the energy sector ...
 
   
Energy Companies  
Energy companies active in the market (production, import, export, distribution, refineries, LNG terminals) in the oil, gas, coal and power sectors
 
   
Energy Supply  
Resources: At the end of 2009 the proven oil reserves were estimated at 2.8 Gt (compared to 2.2 Gt in 2008), representing a reserves/production ratio of 15 years ...  
   

1516,17 February 2011, Cologne, Germany Tire Technology Expo

 
   

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3. Oil Price Report:What Insiders Don't Want You to Know About "Peak Oi

 

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