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Russia's Rosneft has not received 'peaceful' proposals from Sistema
September 5, 2017 / 8:16 AM / 19 days ago

Russia's Rosneft has not received 'peaceful' proposals from Sistema

The logo of Russian conglomerate Sistema is seen on a board at the St. Petersburg International Economic Forum 2017 (SPIEF 2017) in St. Petersburg, Russia, June 1, 2017. Picture taken June 1, 2017. REUTERS/Sergei Karpukhin

MOSCOW (Reuters) - Russia’s largest oil producer Rosneft (ROSN.MM) has not received any “peaceful” proposals from Sistema (AFKS.MM) to solve their legal wrangling, Rosneft’s spokesman Mikhail Leontyev told Reuters on Tuesday.

Russian President Vladimir Putin earlier on Tuesday said he had met the heads of Sistema and Rosneft, expressing hope that both could reach an out-of-court settlement.

A Russian court ruled on Aug. 23 that Sistema should pay more than 136 billion roubles ($2.4 billion) to Rosneft in a dispute over oil producer Bashneft (BANE.MM).

Reporting by Vladimir Soldatkin, editing by Louise Heavens

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