AFK «System» intends to appeal the court’s decision in the arrest of its assets

© RIA Novosti / Ramil to Setdiscoverable in fotobounce company AFK Sistema. Archival photoAFK «System» intends to appeal the court’s decision in the arrest of its assets© RIA Novosti / Ramil to Setdiscoverable the image Bank

AFK «System» intends to appeal the decision on arrest of shares of the assets of the Corporation and the additional ban on the receipt of income from them, says the company.

«The Corporation will appeal as the court, and the decision of the bailiff», — stated in the message.

The arrest was effected on the basis of a judicial act of the Arbitration court of Bashkortostan Republic in support of requirements under the claim of «Rosneft», «Bashneft» and the Republic of Bashkortostan submitted to AFK «Sistema» and JSC «Sistema-invest» in may 2017, the report says.

«AFK «System» considers the claims of the applicants unlawful and unfounded,» says the company.

«In spite of the judicial act, the decision of the bailiff is established additional measures in addition to the arrest of the shares limit the right of AFK «Sistema» and JSC «Sistema-invest» to receive income for seized securities,» — said the AFC.

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