Sands: Putin will not intervene in the lawsuit, AFK “System” and “Rosneft”

Press Secretary of the President Dmitry Peskov

© Mikhail Metzel/TASS

MOSCOW, June 19. /TASS/. Russian President Vladimir Putin will not intervene in the dispute between AFK “System” and “Rosneft”, because it already decided in court.

“It (the dispute of the two companies) is implemented in a judicial plane and, of course, the President (Vladimir Putin) in no way can interfere in this process”, – said the press-Secretary of Russian leader Dmitry Peskov.

He also refused to comment on the complaint of the members of the Board of Directors of AFK “Sistema” to Vladimir Putin in which they asked the President to intervene in the dispute with Rosneft. According to “Kommersant”, the authors told the President that the lawsuit not only affects the “System”, but to the entire investment climate in the country. “Official correspondence we do not publicly comment,” – said the representative of the Kremlin .

“To speak about the impact (of this dispute) on the investment climate would be wrong, – said Peskov. – We know that companies have their position, they defend their positions. If any other solutions is found, then the final verdict can only be made by the court.” “This is absolutely normal global practice, including in the world of entrepreneurs,” he added.

In may “Rosneft” submitted the claim to AFK “Sistema” and “System – invest” for the recovery 106,6 billion rubles of losses caused as a result of the reorganization of “Bashneft”, then the amount of the claim was increased to 170,6 billion in connection with the weakening of the ruble. AFK “System” does not agree with these claims.

From 2005 to 2014 “Bashneft” was part of the AFK “System” Vladimir Yevtushenkov, after which he was returned to state ownership. In 2016 50,1% of shares of “Bashneft” bought “Rosneft”, paying for a package of 329.7 billion. Later, after the offer to minority shareholders, “Rosneft” began to control 57.7% of the share capital of “Bashneft”. Bashkiria owns 25% plus one share in Bashneft.

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