Rosneft claims against Sistema risk souring investment climate

Even by Igor Sechin’s standards, his po-faced retort was extraordinary. Asked whether a high-profile lawsuit in which Rosneft demanded $3bn from a rival businessman had contributed to a souring of Russia’s investment sentiment, the state-controlled oil company’s powerful chief executive turned the question on its head. “This improves the investment climate, because it makes management and shareholders more transparent and accountable,” he said.