in

Russian Court partially satisfies Rosneft lawsuit against Sistema in favor of Bashneft

Bashkortostan’s Arbitration Court partially satisfied Russian energy giant Rosneft’s lawsuit against Russian joint-stock financial corporation Sistema.

UFA (Sputnik) – Bashkortostan’s Arbitration Court partially satisfied Russian energy giant Rosneft’s lawsuit against Russian joint-stock financial corporation Sistema, recovering 136.3 billion rubles ($2.3 billion) in favor of the Bashneft oil company, a Sputnik correspondent reported from the courtroom Wednesday.

Sistema owned a controlling stake in Bashneft until the end of 2014. Rosneft, Bashneft and the Russian republic of Bashkortostan demanded in the arbitration court that 170.6 billion rubles be recovered from Sistema and its subsidiary in favor of Bashneft, assessing the losses incurred in the reorganization of the Bashkir oil company as amounting to the sum.

Sistema says the demands are ungrounded. A Sistema spokesman said Wednesday the corporation would appeal the arbitration court’s ruling.

0 0 vote
Article Rating
Help us grow. Support The Duran on Patreon!

Report

The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of The Duran.

What do you think?

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Over 90% of Russians proud of country’s army, poll shows

Trump says Kim Jong-Un is starting to respect the US–North Korea announces building of new rockets