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"I put all my capital into production and into projects to develop oil fields and to build and renovate industrial facilities. I personally sponsored educational and charitable projects in this country. The company would have been developing Eastern Siberia and implementing innovative energy projects today. As for yachts, palaces and diamonds, I never had them. Neither I nor my family were interested in that," Khodorkovsky said in answer to letters from Radio Ekho Moskvy listeners.

Khodorkovsky said prison confinement is a test of strength for him. "We all commit sins in our lives. It’s better to redeem the sins here. Sins can only be redeemed by hard work. My hard work now is my test of strength. I am strong enough to bear this trial, or else I would have lost myself a long time ago. This is the higher justice," Khodorkovsky said.

Claims that Yukos was bought at an understated price in 1995 are a myth, he said. "The price of shares on the stock exchange in 1995 did not reflect the actual situation. In 1995 Yukos was valued at less than $200 million according to the market price. In actual fact, a price of $350 million for a 70% stake in a holding company that owned 38 subsidiaries and had a debt of $3 billion did not seem too high, especially before the elections with the Communists’ likely victory," he said.

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