Around the World: Russia

New charges against tycoon

Russian prosecutors confirmed yesterday they had brought new money laundering and embezzlement charges against Mikhail Khodorkovsky, a jailed oil tycoon who supporters say is the victim of a Kremlin plot.

Many observers view the next steps in the case as a test of new President Dmitry Medvedev's commitment to boosting investor confidence after a legal onslaught on Khodorkovsky and his Yukos oil firm that alarmed the business community.