December 28, 2017 / 3:46 PM / 7 months ago

Russia's Sistema says has transferred 20 billion roubles to Bashneft

MOSCOW (Reuters) - Russian conglomerate Sistema (AFKS.MM) has transferred 20 billion roubles (£258.54 million) to oil producer Bashneft (BANE.MM) as part of an agreement with Bashneft’s owner Rosneft (ROSN.MM), a spokesman for Sistema said on Thursday.

The logo of Russian conglomerate Sistema is seen on a board at the St. Petersburg International Economic Forum 2017 (SPIEF 2017) in St. Petersburg, Russia, June 1, 2017. Picture taken June 1, 2017. REUTERS/Sergei Karpukhin

Sistema has to pay 100 billion roubles in total before the end of March to Russian oil major Rosneft as part of out of court deal.

Reporting by Vladimir Soldatkin; Editing by Mark Potter

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