March 21, 2018 / 9:09 AM / 4 months ago

Rosneft says agreement with Sistema fully implemented -RIA

MOSCOW, March 21 (Reuters) - Russian oil producer Rosneft said on Wednesday its agreement with conglomerate Sistema over oil company Bashneft has been fully implemented, RIA news agency reported.

Sistema said this month it had fulfilled all financial obligations in its settlement with Rosneft, marking the final stage in their long-running business dispute. .

A Russian regional court said on Wednesday it had terminated proceedings in the Bashneft case. The court earlier cancelled an order to freeze Sistema’s assets. (Reporting by Maria Kiselyova, writing by Denis Pinchuk, editing by Jason Neely)

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