4 May 2024
Bashneft court ruling against Sistema further rattles shaky investor confidence in Russia
Publication date: 24 August 2017
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Russian conglomerate Sistema has been ordered by a Russian court to pay RUB 136.3 billion (USD 2.3 billion) in damages to state-backed Rosneft, in a case related to the privatisation of Bashneft that is likely to further rattle already shaky private investor confidence in Russia.
Sistema has already indicated that it will appeal the decision made by a regional court in the southern Russian city of Ufa, while Rosneft ...