Sistema to Pledge Assets to Help Fund Settlement

Posted on 01/16/2018

The Russian Direct Investment Fund (RDIF) is helping a settlement situation between two Russian economic powerhouses. In January 2018, Sistema, under a settlement, is mandated to pay Bashneft oil company, which is owned by energy behemoth Rosneft, 100 billion roubles (US$ 1.8 billion) by March 30, 2018. RDIF has agreed to lend Sistema 40 billion […]