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  HOME | Oil & Energy (Click here for more)

Russian Prosecutor Wants 10-Year Sentence for Minister Accused of Extortion

MOSCOW – The Russian state prosecutor asked on Monday for a former economy minister accused of taking a $2 million bribe from oil company Rosneft to be given a 10-year prison sentence.

Alexei Ulyukayev appeared on Monday at the Zamoskvoretsky district court in Moscow for a hearing.

Besides 10 years in prison, prosecutor Boris Neporozhny asked for a 500 million ruble ($8.5 million) fine, according to local media.

The former minister, who pleaded not guilty, said that the Federal Security Service (FSB, formerly the KGB) had fabricated the case against him based on “false” testimonies.

The prosecutor alleges that Ulyukayev and Rosneft CEO Igor Sechin had a telephone conversation on Nov. 14, 2016, during which the then economy minister expressed his intention of accepting a bribe and going to the company’s offices.

Once there, according to the version of events set out by the prosecutor, Ulyukayev took a briefcase containing the agreed amount from Sechin, before being arrested by FSB agents.

His defense asked for his acquittal and said he was not in a position to extort the Rosneft chief.

Ulyukayev is accused of extorting $2 billion in exchange for authorizing the acquisition of state-owned oil company, Bashneft, by Rosneft.

 

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