■ Russia
Tycoon's sentence reduced
A Moscow court has rejected an appeal by Russian oil tycoon Mikhail Khodorkovsky who is fighting charges of fraud and tax evasion but announced Thursday that it would reduce his prison sentence from nine to eight years. Explaining his decision, a judge in Moscow's City Court said he had dismissed one of the charges against Khodorkovksy and his business partner Platon Lebedev.
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