Confiscation of Bashneft to enable the disputing of other deals by the FEC

The RBC has managed to get acquainted with the General Procurator’s Office’s claim against AFK Sistema and its subsidiary Sistema-Invest on withdrawal of Bashneft’s shares into federal property.

The General Procurator’s Office requests the withdrawing of almost 82% of Bashneft, now owned by AFK Systema and its subsidiary Sistema-Invest into the federal property. The author of the claim - first deputy general prosecutor Alexander Buksman - refers to 1991, when the law "On the privatization of state and municipal enterprises in the RSFSR" was adopted (3rd July 1991), and to the decision of the Supreme Council of the Russian Federation "On State and Municipal Property in Russia ... " dated December 27th, 1991, according to which enterprises of the fuel and energy sector (FEC) belong exclusively to the federal government.

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