Sistema


AFK Sistema PAO is a large Russian conglomerate company, headed by Vladimir Yevtushenkov. In March 2020, Yevtushenkov controlled 59.2% of the shares in Sistema.
Sistema has its headquarters in Moscow. The company's Global Depository Receipts are traded on the London Stock Exchange.

Structure

Sistema operates a number of consumer service businesses in the areas of:
In 2014, 72% of Sistema's interest in Bashneft was seized by the Russian government.
On May 3, 2017, Sistema shares plunged about 37% following a $1.9 billion lawsuit filed by Rosneft.
On 15 May 2017, the Arbitration Court of Bashkortostan registered a RUB 106.6bn claim filed by Rosneft and Bashneft against Sistema, a preliminary hearing of the case was scheduled for 6 June, Irina Nurislamova was appointed as a judge for the case.
In December 2017, AFK Sistema reached an amicable agreement with Rosneft and agreed to pay out 100 billion roubles to resolve the dispute.