Russian court to hear new Rosneft lawsuit against Sistema in January

Reuters

Published Dec 12, 2017 09:16

Russian court to hear new Rosneft lawsuit against Sistema in January

MOSCOW (Reuters) - The Arbitration Court of Bashkortostan will hold preliminary hearings of a 131.6-billion-rouble ($2 billion) lawsuit filed by Russia's Rosneft (MM:ROSN) and Bashneft (MM:BANE) against Sistema (MM:AFKS) on Jan. 12, court documents showed.

State-controlled Rosneft and its subsidiary Bashneft filed the lawsuit last week, months after a court ruled that the Sistema conglomerate should pay more than $2 billion to Rosneft as a result of an earlier claim.