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UNOTEC KADOK Conversor de Negativos Mod. 20.0024

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Moscow court awards Sistema $1.1 bln for Bashneft losses - RIA

Feb 16, 2015    

MOSCOW (Reuters) - The Moscow Arbitration Court has awarded the Sistema business conglomerate damages of 70.7 billion roubles ($1.13 billion) for losses related to the seizure of the Bashneft oil company, RIA news agency reported on Monday.The court ruled that a firm called Ural-Invest, which sold a stake of over 70 percent in Bashneft to Sistema in 2009, should pay the damages.Last year, Sistema had to transfer its stake in Bashneft to the state to comply with a court ruling that said the privatisation of Bashneft in the early 2000s was unlawful. (Reporting by Vladimir Soldatkin; Editing by A...

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