AFK SISTEMA & BASHNEFT: A Historical Perspective – Where Did Things Go Wrong?

Bashneft and its parent, Sistema, continue to make headlines with the latter’s main shareholder, Vladimir Evtushenkov, remaining under house arrest, charged with money laundering and other offences. In this commentary we do not attempt to assess the legal merits of the claims made by the Russian investigators against Sistema and its owner. Rather, we look at the history of Sistema’s involvement with Bashneft to see what could have triggered the accusations.

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