Peru will get spares for Mi-8/17 helicopters from RussiaMilitary & Defense December 09, 16:25
WADA decides against publishing names of athletes mentioned in McLaren’s reportSport December 09, 16:22
Shlyakhtin re-elected as Russia’s athletics chiefSport December 09, 16:07
No consensus on OSCE new observers in Nagorno-Karabakh, Lavrov saysRussian Politics & Diplomacy December 09, 15:53
Russia's Lukoil ready to join decision on limiting oil productionBusiness & Economy December 09, 15:36
Lavrov: NATO trying to drag Montenegro into alliance before Obama leaves officeRussian Politics & Diplomacy December 09, 15:20
Russian top diplomat says Trump looks 'more determined to fight terrorism than Obama'Russian Politics & Diplomacy December 09, 14:42
Lavrov calls media speculations about Russia’s attempts to destabilize Germany 'nonsense'Russian Politics & Diplomacy December 09, 14:40
McLaren’s report: Doping cover-up in Russia was unprecedentedSport December 09, 14:23
MOSCOW, November 27. /TASS/. Russian services conglomerate AFK Sistema does not plan to give up investment in Russia despite a revision of its strategy, Sistema President Mikhail Shamolin said during a conference call on Thursday.
“Sistema wants to continue investing in Russia. As a group, we make one of the greatest contributions to the economy,” Shamolin said.
He said the company is now revising its investment portfolio “to reveal new possibilities for growth, cut losses on investment and optimize the holding company’s structure.” The result of the revised strategy will be announced in early 2015, he said.
Shamolin said Sistema plans to keep investing in telecommunications, consumer markets, medicine and infrastructure. “But our investment activity in the fuel sector may go down,” he said, adding that from January 2015, Sistema will start cutting expenditures, including optimization of the number of employees.
Earlier it was reported that Moscow’s Arbitration Court on October 30 granted a lawsuit by the Prosecutor General’s Office on recognizing midsized oil producer Bashneft’s privatization illegal and returning 81.7% of the company’s stock to the state.
The defendants were private owners of the oil company — AFK Sistema of Vladimir Yevtushenkov, currently under house arrest, its investment arm Sistema-invest and Bashneft proper. In line with the court ruling that will take effect December 8, 2014, 81.7% of Bashneft’s shares will pass into the ownership of the state.