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Rosneft will appeal court decision in RBC case because of low compensation

December 14, 2016, 23:18 UTC+3 MOSCOW
The lawsuit was prompted by an article posted on the RBC’s website in April and titled: "Sechin requests government to protect Rosneft from BP"
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© Yevgeny Kurskov/TASS

MOSCOW, December 14. /TASS/. Rosneft will appeal against the decision of the Moscow Arbitration Court that partially satisfied the claim of the company to RBC media holding on protection of honor and reputation, due to low compensation set by the court, the company’s Vice President and press secretary Mikhail Leontiev told TASS.

"We will appeal the court's decision, as we believe the fine is insufficient to prevent the impunity of the activities that damage the company’s business reputation," he said.

The lawsuit was prompted by an article posted on the RBC’s website in April and titled: "Sechin requests government to protect Rosneft from BP." The article said that Rosneft CEO Igor Sechin was requesting the government to limit the rights of the buyers of the company’s shares slated for sale, fearing that BP might gain a blocking stake during privatization of Rosneft’s 19.5% share package.

Rosneft wanted the court to oblige defendants to pay more than 3 bln rubles ($48.5 mln) and to publish a refutation.

The judge obliged the holding to delete the disputed publication and to publish a refutation and to compensate court costs to the plaintiff. The court also recovered 390,000 rubles ($6,305) from RBC as compensation.

Earlier, RBC representative said that the media holding intends to appeal the court's decision. The decision on the lawsuit of Rosneft was issued on December 12.

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