Accessibility links

Breaking News

Khodorkovskii Gives Up Last Shares In Yukos

Mikhail Khordorkovskii (file photo) 12 January 2005 -- Jailed Russian business tycoon Mikhail Khodorkovskii announced through his lawyer in Moscow today that he had transferred his last holdings in Group Menatep to a fellow shareholder.

The move is said to sever Khodorkovskii's last connection to the Yukos Oil company.

Khodorkovskii faces charges of fraud and tax evasion and his company, Yukos, once the largest producer of oil in Russia, has been largely renationalized.

Khodorkovskii's lawyer, Anton Drel, read a statement from his client that said "That's it. Period."

Drel said Khodorkovskii had transferred his shares in Menatep, an investment vehicle whose main asset is Yukos, to Menatep shareholder Leonid Nevzlin. Nevzlin is also wanted by Russian authorities. He has fled Russia.


RFE/RL has been declared an "undesirable organization" by the Russian government.

If you are in Russia or the Russia-controlled parts of Ukraine and hold a Russian passport or are a stateless person residing permanently in Russia or the Russia-controlled parts of Ukraine, please note that you could face fines or imprisonment for sharing, liking, commenting on, or saving our content, or for contacting us.

To find out more, click here.