December 28, 2017 / 3:48 PM / a year ago

Russia's Sistema says has transferred 20 billion rubles to Bashneft

FILE PHOTO: 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) - Russian conglomerate Sistema (AFKS.MM) has transferred 20 billion rubles ($348 million) to oil producer Bashneft (BANE.MM) as part of an agreement with Bashneft’s owner Rosneft (ROSN.MM), a spokesman for Sistema said on Thursday.

Sistema has to pay 100 billion rubles in total before the end of March to Russian oil major Rosneft as part of out of court deal.

Reporting by Vladimir Soldatkin; Editing by Mark Potter

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