Ukraine crisis: Khodorkovsky warns on Russia sanctions Published duration 22 May 2014 Related Topics Ukraine conflict

media caption Mikhail Khodorkovsky said the situation in Ukraine was "a slowing going civil war"

Former Russian oil tycoon Mikhail Khodorkovsky has warned against further sanctions on Moscow for its role in Ukraine's current crisis.

In an interview with the BBC, he said Europe risked playing into the hands of nationalists trying to isolate Russia.

Instead, he urged EU leaders to help Ukraine become more stable, saying this could encourage change in Russia.

Mr Khodorkovsky was Russia's richest businessman until he fell out with the Kremlin and spent 10 years in prison.

He has taken a keen interest in the crisis in Ukraine since being released and sent into exile abroad at the end of last year.

image copyright AFP image caption Mr Khodorkovsky said Ukraine had spiralled out of control and even the Kremlin is unable to manage events

Mr Khodorkovsky told the BBC that Ukraine had entered a "slow-burn civil war" but he said he did not believe Russian President Vladimir Putin was planning to invade eastern Ukraine.

Mr Putin had "lost control" of events in Russia's neighbour, Mr Khodorkovsky said, citing the Kremlin's recent inability to stop a referendum by pro-Russian separatists in Donetsk and Luhansk.

But he said Europe's reaction to events in Ukraine threatened to exacerbate renewed Russian nationalism, stirred up by the Russian president's annexing of Crimea.

Mr Khodorkovsky argues that EU leaders should avoid further sanctions on Moscow and concentrate their efforts on encouraging political reform in Kiev.

image copyright AFP image caption Mr Khodorkovsky was freed from prison last year and has become one of President Putin fiercest critics

Russia could become even more authoritarian, he says, if the situation in Ukraine deteriorates and allows Mr Putin to exploit a power vacuum in the country.

The BBC's Bridget Kendall in Moscow says Mr Khodorkovsky is not without his critics.

He was seen by many Russians as one of the hated class of oligarchs, who made their fortunes in semi-legal circumstances in the chaotic years following the Soviet Union's collapse.

But his arrest and long years of incarceration turned him from Russia's richest oil tycoon into the country's most famous political opponent of President Putin, our correspondent says.

image copyright AP image caption Mr Khodorkovsky spent 10 years in prison after being charged with fraud and tax evasion in 2003

Timeline: Mikhail Khodorkovsky

1963 - Born in Moscow, son of chemical engineers

1981 - Enters Mendeleyev Chemistry Institute, Moscow

1980s - Sets up computer software business with fellow students

1987 - Founds Menatep bank

1995 - Buys Yukos for $350m, with Menatep assuming $2bn in debt

2003 - Arrested for tax evasion, embezzlement and fraud

2004 - First court case begins

2005 - Found guilty on six of seven charges, jailed for eight years

2007 - Yukos declared bankrupt

2010 - Convicted of embezzlement and money laundering