Russia - 06

Russia: Sistema’s Plight: Sechin Returns to Bankrupt Yevtushenkov

On 6 June the Bashkortostan Arbitration Court held a preliminary hearing on Rosneft’s lawsuit against Sistema. The court accepted Rosneft’s new estimate of the damages it wishes to recover, which went up from $1.9bn in May to $3bn this month. The court’s willingness to accommodate Rosneft’s requests – for instance, to accept Sistema’s internal correspondence from 2013 and 2014 as evidence – is the first indication of its favorable treatment of Rosneft’s claims.

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