AFK "System" announced a technical default

AFK "System" announced a technical default on credit obligations worth about 3.9 billion rubles due to the Rosneft claim. This was reported on the company's website.

"The onset of the technical default is associated with the continuing arrest of the MTS, Meds, Medsi shares and BESSK, which was imposed by the Rosneft, Bashneft, and the Republic of Bashkortostan to the System-Invest, and Bashkortostan AC AND Systems, and the Sistema-Invest. 170.6 billion rubles of losses allegedly incurred by the Bashneft ANC in connection with its reorganization, ”the report said.

The corporation emphasizes that the default is "purely formal in nature" and is associated with the judicial arrest of its assets. The company "plans to subsequently serve its credit and financial obligations in a timely and in full."

As Interfax reports , the head of the holding Mikhail Shamolin assured that the company intends to fulfill all obligations. "" We plan to serve all our obligations in a timely manner and in full, but the current situation is a direct consequence of the actions of the plaintiffs who, demanding the arrest of our assets, could not help but know about the emergence of technical default in such cases, "Shamolin said. According to him, the company had to open information about the default according to the requirements of the stock exchanges. He also noted that even before the court was resolved by the court to law Rosneft "corporations caused huge damage."

AFK "System" appealed to the eighteenth appeal arbitration court to arrest its assets.

On June 26, it became known aboutthe arrest of several stakes in the structures of Vladimir Yevtushenkov AFK Sistema and System-Invest by decision of the Bashkiria arbitration court. The decision was made on the claim filed with the companies of Yevtushenkov in May of Rosneft, Bashneft and the Bashkiria government.

Rosneft states that during the re -border of Bashneft in 2014, this enterprise was caused by damage. Earlier, Bashneft belonged to the structures of Yevtushenkov, but last year it became the property of Rosneft. Initially, the plaintiffs estimated the damage of 106.6 billion rubles; Then they increased the claim to 170.6 billion.