Lavrov says 'Crimea is not a problem, it is a part of Russia'Russian Politics & Diplomacy December 02, 20:42
Russian top diplomat says Syria cannot repeat Libya’s fateRussian Politics & Diplomacy December 02, 19:53
Key facts about the '90s price liberalization in RussiaBusiness & Economy December 02, 19:46
Russia's antimonopoly watchdog: Google will not 'get off with fines'Business & Economy December 02, 19:32
Lavrov wonders why UN is not using Castello Road to deliver humanitarian aid to AleppoRussian Politics & Diplomacy December 02, 19:24
Top diplomat calls to motivate Libyan parties towards mutually acceptable agreementsRussian Politics & Diplomacy December 02, 19:02
Russia's top diplomat says he urged de Mistura not to delay intra-Syrian talksRussian Politics & Diplomacy December 02, 18:58
Source says Hvorostovsky’s debut at Bolshoi canceled due to health issuesSociety & Culture December 02, 18:53
Analyst says wording of Russia’s new foreign policy concept gets 'tougher and tougher'Russian Politics & Diplomacy December 02, 18:35
“We are not considering such proposals because no one made them to us,” Sechin said in response to a question about a possible purchase of Bashneft.
Market participants had long known about problems experienced by Bashneft, the Rosneft chief said.
Bashneft, a mid-sized oil company based in the Urals Republic of Bashkortostan, currently integrates the republic’s former energy companies which, as investigators say, were privatized with serious violations of law.
Bashneft is controlled by AFK Sistema holding company whose manager and owner Vladimir Yevtushenkov is currently under house arrest on charges of legalizing toxic funds received during the acquisition of Bashneft.
“It was known that there were privatization risks and risks of tax claims, that is, a criminal tail. And the market knew about these skeletons in the cupboard,” Sechin said. “I believe this is why we had never considered buying this asset,” the Rosneft chief said. “But Vladimir Yevtushenkov is a very wise man and an experienced entrepreneur. I believe he weighed all risks when taking a decision on the acquisition,” Sechin said.
The Rosneft head also said he hoped that this problem would be settled on the basis of law.
“We continue working with AFK Sistema. It is our communications operator. We receive infrastructure and logistics services from them. We are cooperating with the bank that is part of AFK Sistema Group. And this cooperation is beneficial and mutually advantageous,” Sechin said.