In the state Duma assessed the prospects of the agreement, Sistema and Rosneft

© RIA Novosti / Maxim to Aminopherase in fotomonster company Rosneft. Archival photoIn the state Duma assessed the prospects of the agreement, Sistema and Rosneft© RIA Novosti / Maxim to Aminopherase the image Bank

The settlement agreement, concluded between the companies «Rosneft» and AFK «System» will lead to certainty in the market, told RIA Novosti the Chairman of the Duma Committee on financial market Anatoly Aksakov.

On Friday night, the parties announced that it has entered into a settlement agreement, under which Sistema JSFC undertakes to pay Bashneft 100 billion rubles of own and borrowed funds until March 30, 2018, after which the parties undertake to renounce all mutual claims.

«Thank God that litigation is over, it will lead to certainty in the market. This is good for «Rosneft», they will get a decent amount, which initially expected, then you just increased the amount of claims, and Sistema JSFC, because they will now be able to work quietly, not to divert energy, time and energy on disputes, litigation with «Rosneft», — said Aksakov. «Certainty for business is always better than uncertainty, so I welcome this decision. And I think that’s good for the economy because people will do business, the economy, and not a judicial dispute», he added.

Agrees with him and the Chairman of the Duma Committee on economic policy, industry, innovative development and entrepreneurship Sergei Zhigarev. «For the market, Vladimir Petrovich Yevtushenkov (Chairman of the Board of Directors of AFK «Sistema» — ed.), how would he feel about it, but in any case, this is an opportunity to exhale this year and start the new year with new plans, new some interest,» he said.

«In any case, this is good, because Sistema is a large company, it strategic is assets in various sectors, including in telecommunications. Therefore, for the shareholders, generally for sustainability one of the major Russian companies — settlement agreement this is normal,» said RIA Novosti Zhigarev.

Rosneft in 2016, in the framework of privatization bought of 60.16% of the ordinary shares (50,0755% of the Charter capital) of Bashneft for 329,7 billion rubles, and in March the results of an offer to buy out minority shareholders the shares of nearly 50 billion rubles. As a result, «Rosneft» owns 69.3 per cent of the voting shares of «Bashneft». Another major shareholder is the Republic of Bashkortostan, which owns a blocking stake.

Before the end of 2014, controlling stake in Bashneft, owned by AFK «Sistema». «Rosneft» this year has filed two lawsuits to AFC totaling more than 300 billion rubles. Sistema, in turn, in December filed a lawsuit against «Rosneft» and «Bashneft» about damage compensation on 330,4 billion, accusing the defendants of actions aimed at reducing the cost of the Corporation and bringing it to bankruptcy.