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.
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.