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AFK Sistema PAO (SSAq.L)

SSAq.L on London Stock Exchange

4.15USD
23 Aug 2017
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Russian court orders Sistema to pay Rosneft $2.3 billion in damages

MOSCOW A Russian court ruled on Wednesday that conglomerate Sistema should pay more than 136 billion roubles ($2.3 billion) to oil major Rosneft in a dispute over oil producer Bashneft.

UPDATE 2-Russian court orders Sistema to pay Rosneft $2.3 bln in damages

MOSCOW, Aug 23 A Russian court ruled on Wednesday that conglomerate Sistema should pay more than 136 billion roubles ($2.3 billion) to oil major Rosneft in a dispute over oil producer Bashneft.

Russia's Sistema in technical default on 3.9 bln rbls of loans

* Default triggered by asset freeze as part of Rosneft lawsuit

BRIEF-Russia's Sistema in technical default on 3.9 bln rbl debt

July 17 Russian business conglomerate Sistema says:

Russian court adjourns Sistema-Rosneft hearings until July 19

UFA, Russia A court in the Russian region of Bashkortostan ruled on Wednesday to adjourn until July 19 hearings on a damages claim filed by Russia's largest oil producer Rosneft against business conglomerate Sistema.

Russian court adjourns Sistema-Rosneft hearings until July 19

UFA, Russia, July 12 A court in the Russian region of Bashkortostan ruled on Wednesday to adjourn until July 19 hearings on a damages claim filed by Russia's largest oil producer Rosneft against business conglomerate Sistema .

Rosneft says out of court settlement with Sistema possible on its terms

MOSCOW, July 4 Russia's largest oil producer Rosneft signalled on Tuesday it was ready for an out of court settlement of its legal row with business conglomerate Sistema but stressed the dispute must be solved on Rosneft's terms.

Russia's Sistema sees no point in selling assets yet -RIA cites CEO

MOSCOW, June 30 Russian business conglomerate Sistema does not see any point in selling its assets because of a legal dispute with oil producer Rosneft , RIA news agency quoted Sistema's chief executive as saying on Friday.

Fitch Puts Sistema, MTS on Rating Watch Negative

(The following statement was released by the rating agency) MOSCOW/LONDON, June 28 (Fitch) Fitch Ratings has placed Sistema Public Joint Stock Financial Corporation (Sistema) and PJSC Mobile TeleSystems (MTS) on Rating Watch Negative following a Russian court injunction to freeze significant Sistema assets including its 31.76% stake in MTS, in relation to claims filed by Rosneft against Sistema. A full list of rating actions is at the end of this commentary. Rosneft filed claims against Sistema

Russian court freezes $3 billion of Sistema assets in Rosneft case

MOSCOW A Russian court said on Tuesday it had frozen more than $3 billion of Sistema's assets as it began hearing oil producer Rosneft's lawsuit against the business conglomerate.

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