- Sputnik International
World
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

Russian Economy Minister Detention Not to Impact Bashneft Shares Deal – Lawmaker

© Sputnik / Mikhail Voskresenskiy / Go to the mediabankSituation near Russian Investigative Committee and Ministry of Economic Development after Alexei Ulyukayev's arrest
Situation near Russian Investigative Committee and Ministry of Economic Development after Alexei Ulyukayev's arrest - Sputnik International
Subscribe
The detention of Russian Economic Development Minister Alexei Ulyukaev on suspicion of bribery will not call into question the legality of the sale of the Bashneft oil company's state shares to Rosneft, the head of the Russian Federation Council's Budget Committee, Sergey Ryabukhin, said Tuesday.

MOSCOW (Sputnik) — Ulyukyaev was detained earlier in the day for allegedly receiving $2 million for a positive appraisal that allowed Russian energy company Rosneft to buy the state's shares of Bashneft, the Russian Investigative Committee said.

"This detention will not affect the deal. A decision on privatization of Bashneft was not taken by Ulyukyaev but by the government," Ryabukhin told RIA Novosti.

He added that the deal was not likely to be reconsidered.

On October 12, Rosneft finalized a deal on the purchase of the state-owned stake in Bashneft, with about $5.2 billion to be transferred to the state budget. Ulyukyaev said at the time that there had been one more potential buyer who failed to outbid Rosneft.

The deal was agreed under the Russian 2016 economic development plan that specifies partial privatization of state assets to support budget revenue, which has suffered due to falling oil prices.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала