Russia’s Sistema sues Bashneft’s ex-owner Rakhimov

MOSCOW, Dec 25 (PRIME) -- Russia’s multi-industry holding AFK Sistema has submitted a claim against Ural-Invest, a company belonging to former shareholder of oil company Bashneft Ural Rakhimov, to a Moscow Arbitration Court, according to documents seen by PRIME Thursday.

On October 30, a Moscow Arbitration Court ruled that a 71% stake in Bashneft must be nationalized and withdrawn from Sistema.

After that, Sistema said in a statement that it will sue Rakhimov, from whom it bought Bashneft, to force him to redeem the losses. Sistema will not appeal the court’s decision to nationalize Bashneft, satisfying a claim submitted by the Prosecutor General’s Office, it said.

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