MOSCOW: Russian oil major Rosneft will continue court proceedings against Russian business conglomerate Sistema, Rosneft said. Rosneft is suing Sistema for 170.6 billion roubles ($2.85 billion) in damages over the purchase of oil producer Bashneft.
Sistema proposed an out-of-court settlement with Rosneft last week.
“There is no subject for comment.
The document does not contain any proposals on resolving the dispute.
We will continue the proceedings in court and we are waiting for the court decision,” Rosneft said.
Sistema said last week that the mechanism to resolve the dispute which it proposed would allow the results of the Bashneft reorganisation. — Reuters
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