Yevtushenkov, who heads the Sistema conglomerate, was accused in September 2014 of money-laundering linked to a deal to acquire oil company Bashneft, in a dramatic case that drew comparisons with that of former Yukos chief Mikhail Khodorkovsky.
Bashneft -- one of Russia's largest privately-owned energy firms, based in the Volga region of Bashkortostan, in which Sistema held 85 percent -- was then nationalised, while the case against Yevtushenkov is now closed, Sistema said in a statement.
Yevtushenkov's lawyer Vladimir Kozin told TASS news agency that his client also has the right to claim compensation for illegal criminal prosecution, which saw Sistema's shares plummet in value.
"I cannot say whether he will seek compensation as this is solely his own decision," Kozin said.
Yevtushenkov spent three months under house arrest in 2014, which stunned business and political circles in Russia, sparking fears of a state-orchestrated asset grab as the economy reels from Western sanctions.