Russia's Putin dismisses economy minister - Kremlin | Reuters - Firstpost
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Russia's Putin dismisses economy minister - Kremlin | Reuters

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SOCHI, Russia Russian President Vladimir Putin has dismissed Economy Minister Alexei Ulyukayev after losing trust in him, Kremlin spokesman Dmitry Peskov said on Tuesday.Ulyukayev was detained overnight and charged with extorting a $2 million bribe from Rosneft (ROSN.MM), Russia's biggest oil company.

Peskov told reporters that Ulyukayev's arrest did not concern a $5 billion deal for Rosneft to purchase a stake in mid-sized oil producer Bashneft (BANE.MM).

(Reporting by Denis Pinchuk; Writing by Jack Stubbs; Editing by Mark Heinrich)

This story has not been edited by Firstpost staff and is generated by auto-feed.

First Published On : Nov 16, 2016 00:02 IST

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