Yukos Oil Co’s chief resigns

MIKHAIL Khodorkovsky resigned as chief executive of AO Yukos Oil Co, Russia’s largest oil producer, saying he wants to stop prosecutors’ attacks on the company.

Yukos shares jumped by 13%, paring last week’s plunge.

Khodorkovsky, who is in jail awaiting trial on charges of tax evasion and fraud, said he quit to run Open Russia, a charity fund that finances education and media projects.