Companies & Finance

Sistema asks Russian court to unfreeze assets in Rosneft/Bashneft case

The Russian conglomerate has asked a regional arbitration court to return assets frozen as security in the lawsuit.
By Staff reporter 3 July 2017 0 26600

Russian conglomerate Sistema has asked a regional arbitration court to return assets frozen as security in the lawsuit brought against the company by Rosneft and Bashneft.

The court in the Russian region of Bashkortostan imposed the security measure at the request of Rosneft and Bashneft. The value of the frozen assets has been estimated by the claimants to be RUB 185 billion ($3.13 billion), slightly higher than the RUB 170.6 billion Rosneft and Bashneft are claiming in damages. The assets include a 31.7% stake in Mobile...