Russia’s ONEXIM group, owned by tycoon Michael Prokhorov, has sold the technology and development rights for its Yo-mobil hybrid vehicle to the state-run NAMI institute for 1 euro. The falling ruble and slowing car market could triple the project cost. The hybrid vehicle project was announced by Mikhail Prokhorov in 2010 and has more than 200,000 advance orders, it has now been put on hold. Since... 

Jewish Russian tycoon Boris Berezovsky has been found guilty of a £3million ($4.5m) fraud. Russian prosecutors have demanded a 15 year jail sentence for the London-based billionaire, who has accused the Kremlin of the murder of ex-KGB agent Alexander Litvinenko. He was not present at the trial. Outspoken Kremlin critic, Berezovsky, 63, was found guilty of embezzlement for activities in Russia’s...