• In "Rosneft", stated about attempts of "the System" to "throw lenders"

  • Actions AFK "System" declared technical default, could be an attempt to leave from execution of obligations to creditors. This was stated by the radio "Says Moscow" the press-Secretary of "Rosneft" Mikhail Leontyev.

    "If Sistema wants to use a completely formal procedure, as a security arrest, in order to throw its creditors, it says a lot about the business style of this company," he said. Leontyev added that the actions of the "System," "unpredictable, on the basis of economic, legal logic".

    Earlier on Monday, AFK Sistema announced on the occurrence of a technical default on credit obligations in the amount of 3.9 billion rubles in connection with the seizure of assets (MTS shares, "meds" and BESK) in the judicial dispute with "Rosneft". In an official statement, the AFC stressed that defaulted is a mere formality, and the company will continue to service their loan obligations in full.

    Last week the eighteenth arbitration appeal court (Chelyabinsk), was appointed on August 7 the consideration of the appeal of AFK "System" the determination of the lower court which in an interim measure under the claim "Rosneft" is 170.6 billion rubles was arrested owned by the Corporation shares of three companies.

    In may 2017, "Rosneft" and "Bashneft" has submitted the claim to AFK "Sistema" and ZAO "Sistema-invest" for the recovery 106,6 billion of losses, according to them, in connection with the reorganization of the company "Bashneft". Later on, the amount of claims increased to 170 billion.


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