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The Leninsky District Court of Yekaterinburg has given Aksana Panova, a former chief editor of the Ura.ru news agency, a suspended sentence of two years in prison, with a three-year probation period, an Interfax correspondent reported from the courtroom.
The court also banned Panova from working in the media business for two years.
Panova herself told journalists she viewed the charges brought against her as fabricated and planned to appeal the sentence.
It was reported earlier that Panova had been charged with abusing her managerial functions in a commercial organization to the detriment of this organization's legitimate interests through transferring some 12 million rubles ($367,400) from the bank account of the web portal that she managed to accounts of some front companies, turning the money into cash and using it for her personal needs.
Panova was also charged with "major extortion by threatening to circulate compromising information with the aim of obtaining property."
She was also originally charged with "fraud through abuse of office," namely the stealing of 100,000 rubles ($3,000) through concluding a fake contract with a commercial organization, but the court dropped this charge on December 10, 2013.
The prosecution had said it considered Panova's guilt proven and asked the court to give her a suspended sentence of five years in prison with a four-year probation period, ban her from working in the media business for two years, and fine her 1 million rubles (over $30,000).