AFK Sistema will appeal against the decision of the court to recover almost 136.3 billion rubles in favor of Rosneft. But in the event of a final loss, it will have to pay. Does the company of billionaire Vladimir Yevtushenkov have such money?
AFK Sistema must pay Rosneft 136 billion rubles. The court's decision has a fateful negative impact on the Russian economy, Sistema believes.
The company considers the current composition of the Bashkir Arbitration Court illegal.
Large and medium-sized businesses are afraid of such conflicts as the dispute between Rosneft and AFK Sistema. Almost 60% of enterprise managers believe that in case of conflict with a larger company, protection of rights is possible only if there is an administrative resource.
The company considers illegal the decision to arrest its property at a claim of 170 billion rubles.
The company explained the impossibility of fulfilling credit obligations worth 3.9 billion rubles by seizure of assets by decision of the Arbitration Court of Bashkortostan.
The representative of Rosneft, in turn, believes that the fall in AFK shares is due to the manipulation of the Sistema itself, and not to the progress of the lawsuit filed by the oil company.
"Sistema" asks the Prosecutor General to verify the legality of the actions of the bailiff, who has forbidden the company to receive income on the arrested shares, and Igor Sechin expects from Sistema specific proposals on the settlement agreement.
Geopolitics, corporate conflicts and a drop in oil prices have led to an outflow of capital from Russia.
Could the Russian oligarch Vladimir Petrovich Yevtushenkov be behind the attack of the Petya virus?
To please Rosneft, the court is ready for atypical decisions on MTS.
Shares of the operator become cheaper during the trials of AFK and Rosneft.
Vladimir Yevtushenkov vainly believes that in a dispute with the oil company, "the reason will triumph."
The representatives of Sistema have not yet disclosed the details of the proposal. Following the news about a possible settlement of the dispute, the company's shares finished trading by almost 8% up.
The amount of claims of Igor Sechin to Vladimir Yevtushenkov reached almost $3 billion. Apparently, this is the beginning of the end of business of the "Luzhkov's oligarch" in Russia.
Now the company of Igor Sechin demands not 106.6, but 170.6 billion rubles from Vladimir Yevtushenkov's entity.
The Moscow Arbitration Court registered the claim of the Ministry of Defense to the defense concern RTI (owned by AFK Sistema) for the amount of almost 5 billion rubles.
Sberbank and Rashnikova company invested 2 billion rubles in the venture capital fund of the AFC "System".
Neither party might have a control stake in the joint venture, and Sistema wants to manage it.
Rosneft paid 300 billion rubles for Bashneft . What did it get for that money?
Its revenue in this segment is expected to grow to 1.5 trillion rubles by 2025 .
Rostec and AFK Sistema to discuss the creation of a new holding company: the Russian microelectronics industry is waiting for a mega deal.
How the company moved away from the state and returned to it.
On Thursday, the Moscow Arbitration Court decided to transfer 81.67% of the shares "Bashneft", the sixth largest oil company in Russia, to the state.
The Moscow City Court entrusted the resolution of this issue to the Basmanny Court.