Support The Moscow Times!

Russia's Sistema Defends 'Legal' Acquisition of Bashneft After Chairman Arrested

A man walks towards the headquarters of Sistema JSFC in Moscow, September 17, 2014.

Russia's oil-to-telecom conglomerate Sistema said Wednesday that the acquisition of oil assets in the republic of Bashkortostan was legal and transparent after its chairman was placed under house arrest in connection to the deal.

"Sistema's management believes that the acquisition of BashTEK group was legal and transparent. The company is fully cooperating with the investigation and intends to use all legal means to defend its position," Sistema said in a statement.

Read more

We need your help now more than ever.

Independent media outlets and journalists in Russia are being increasingly targeted with “foreign agent” and “undesirable” labels, threatening the existence of the free press day by day.

Your donation to The Moscow Times directly supports the last independent English-language news source within Russia.