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Khodorkovsky Case May Have Worsened Russia's Investment Climate - New Chamber of Commerce And Industry Head

Russian Exchange Outdoor Electronic Numbers BoardMOSCOW. March 4 (Interfax) - The judicial prosecution of former Yukos head Mikhail Khodorkovsky might have worsened the investment climate in Russia, said Sergei Katyrin, the newly-elected chairman of the Russian Chamber of Commerce and Industry.

"The fuss that surrounded this has affected Russia's investment appeal not very well, and I concede that that's as may be," Katyrin said at a news conference on Friday.

The discussion of the Khodorkovsky case in society is based on emotions rather than on a detailed analysis of the case documents, Katyrin said. "Everybody has emotions from this case, but none of us has held the case in their hands. It looks like someone stole oil, or he didn't steal it - it's all unclear, but in any case, this should be a discussion between skilled people possessing facts," he said.

Katyrin agreed that there are a lot of questions for the Russian judicial system, but he objected to "shouting from housetops" that some court is bad or not very good. "I cannot say for sure either that everything was analyzed well and the court made the right decision or that everything was fixed there," he said.

The Chamber of Commerce and Industry is determined to do all it can to change and improve Russia's investment climate as perceived from abroad, Katyrin said.

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Russia, YUKOS, Khodorkovsky - Russia, Economy, Business, Investment, Trade - Russia News - Russia - Johnson's Russia List

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