AFK «System» declared the fulfillment of all its obligations in full

© RIA Novosti / Ramil to Setdiscoverable in fotobounce company AFK Sistema. Archival photoAFK «System» declared the fulfillment of all its obligations in full© RIA Novosti / Ramil to Setdiscoverable the image Bank

AFK «Sistema» announced the occurrence of a technical default on credit obligations in an amount equivalent to 8.9 billion rubles, due to the seizure of assets in a dispute with «Rosneft» «Bashneft»; this default is a mere formality — the Corporation will maintain its credit obligations in full, the statement reads AFK.

«This announcement is solely the formal procedure. AFK «System» in full compliance with all its obligations, while we are in constant dialogue with all creditors. In addition to the announced, the other credit agreement, Sistema does not contain conditions on which the seizure of assets leads to a technical default,» — said the official representative of AFK Sergey Kopytov.

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