Bashkiria claims damages

29 June 2017, 20:19 | Economy
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The activities of AFK Sistema, which owned until the end of 2014. A controlling stake in Bashneft, not only inflicted significant damage on the oil company, but also deprived Bashkiria of the means to solve many social issues. In this regard, the leadership of the republic is determined to return what is rightfully hers.

Rosneft, Bashneft and the government of Bashkiria united with the requirements to AFK Sistema. They claim that 106.6 billion rubles. (170 billion in recalculation on the current rate) were withdrawn illegally and should be returned. On June 27 the second hearing of the case on the merits took place.

The main argument of the plaintiffs is that the defendants knew that they owned Bashneft illegally, they were aware of "short-term and short-term ownership" and therefore made the company a "cash cow": squeezed out the last existing equipment, seized profits as dividends instead of sending it For the development and modernization of production.

AFK Sistema, managed by Vladimir Yevtushenkov, acted simply: having bought a blocking stake in the oil company Bashneft, and then controlling stakes in Bashkirian fuel and energy companies, including Ufaneftekhim, Ufaorgsintez, Ufa Refinery, Novoil, Bashkirnefteprodukta, "she began to actively fragment them into small parts, then partially combine and sell.

Thus, in 2012, 50.2% of the shares of Bashkirenergo, a subsidiary of Bashneft, were exchanged for a 49% stake in ZAO Sistema Invest, a subsidiary of AFK Sistema,. Then Bashkirenergo is divided into Bashkir Generation Company LLC and Bashkir Energy Network Company LLC (BESK LLC). The first was acquired by InterRAO in 2012 for 14 billion rubles, the second was transformed into LLC "BESK" and is still the only supplier of power capacities for "Bashneft". However, BESK's oil company no longer belongs to Sistema-Invest (and therefore control over BESC), Bashneft lost in 2014 during the reorganization, again due to Sistema's "asset optimization".

These changes led to the loss of Bashneft's control over the strategic strategic energy supplier. In addition, during the time that Bashneft owned Sistema, the company lost one of four Bashkir refineries. "Ufaorgsintez" was transferred to the management of CJSC "Sistema-Invest". And this is despite the fact that technologically Bashkirian oil refining and petrochemical plants are a single complex, and Ufaorgsintez receives most of the raw materials directly from the refinery through the pipe.

All these reforms AFK Sistema justified the need to improve efficiency and increase the investment attractiveness of assets. To this end, drilling, repair and service units were declared unnecessarily expensive and withdrawn from Bashneft. The company eventually had to purchase oilfield services and other services from its former units at a commercial price.

The scandal broke out in early 2014. It turned out that the son of the former head of the republic Murtaza Rakhimov Ural Rakhimov contributed to illegal transactions - he is currently hiding in Austria. At the end of October 2014. 71.6% of Bashneft shares were returned to state property by court decision: Evtushenkov preferred to return the asset acquired by doubtful ways in order to avoid further problems with justice. But the implementation of this decision took more than two months. And in this short period, the then top managers of Bashneft worked particularly actively. For two months, transactions were approved for the sale of petroleum products for a total of 443 billion rubles. In addition, by distributing Bashneft's profit for 2013. , Paying almost 37 billion rubles. As dividends).

Roughly speaking, less than half of what Yevtushenkov acquired through the Urals Rakhimov returned to the state ownership. For 82 billion rubles. Evtushenkov received a company from which 57 billion rubles was withdrawn with the help of dividend policy and another 106.6 (170 taking into account the rate). - assets, for which the dispute has developed at the moment.

Judicial hearings will continue on July 12. As part of the interim measures, a part of AFK Sistema's assets were seized: 31.76% of MTS shares worth 150 billion rubles, 100% of Medsi clinics and 90.47% of BESK.



As the head of Bashkortostan Rustem Khamitov said in an interview with Rossiya24, "the republic must return in full what it had previously been legally owned by law":.

"In the incomplete two years of holding a stake of 25% plus one share, the republic has already received more than 20 billion rubles. Dividends and charitable assistance. At the end of 2017. This figure will reach 30 billion rubles. These are huge resources through which we were able to solve a significant number of issues in the republic, "Khamitov explained, stressing that the government of the republic will stand up to the end.




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