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Court Declines Yukos Case

The European Court of Human Rights will not reconsider its September decision in a case brought by defunct oil company Yukos against the Russian state, Moskovskiye Novosti reported Monday.

In September 2011, the court ruled that Yukos did not have sufficient evidence to prove that their bankruptcy was politically motivated.

Yukos intended to appeal the decision, but a source in the Strasbourg-based court told Moskovskiye Novosti that it will not be reviewed.

Ex-billionaire owner Mikhail Khodorkovsky was convicted in 2005 on charges of fraud and tax evasion and was sentenced to eight years in prison. His jail term was extended in December 2010, when he was convicted on new charges. He will not be eligible to be released until 2016.

The court has not yet made an official statement about the review.


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