Kirill Serebrennikov, arguably Russia's best known director, was detained and put under house arrest in August in a criminal case that raised fears of a return to Soviet-style censorship.
Serebrennikov's plays have often been targeted by conservative circles, which dismiss his work as decadent and unpatriotic.
The court ruled Monday Serebrennikov should stay under house arrest at least until late January, rejecting a plea for bail.
Investigators have accused him of scheming to embezzle about $1.1 million in government funds allocated for one of his productions and the projects he directed between 2011 and 2014.
Serebrennikov has dismissed the accusations as absurd.
Serebrennikov's lawyer, Dmitry Kharitonov, told Russian news agencies on Monday that his client had petitioned the investigators to allow him to attend the premiere of the ballet "Nureyev" at the Bolshoi that he had directed. But the chances that Serebrennikov will be allowed to go to the Bolshoi are "negligible," Kharitonov said.
Tickets for "Nureyev," which premiers later this month, went on sale last month and were sold out in a matter of hours.
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