Sistema

OJSC JSFC Sistema
Native name
АО АФК Система
Company typePublic (OAO)
IndustryConglomerate
Founded1993; 31 years ago (1993)
Headquarters
Moscow
,
Russia
Key people
Products
Revenue$12.3 billion[1] (2023)
$1.37 billion[1] (2023)
−$62.4 million[1] (2023)
Total assets$27.7 billion[1] (2023)
Total equity$1.74 billion[1] (2023)
Number of employees
70,000
Subsidiaries
Websitewww.sistema.com

AFK Sistema PAO is a large Russian conglomerate company, founded by Vladimir Yevtushenkov, who was chairman of the corporation's board of directors until 2022. In April, Yevtushenkov's shareholding in Sistema has decreased to 49.2%, and he also stepped down from Sistema's board.[2][3]

Sistema has its headquarters in Moscow. The company's global depository receipts (GDRs) traded on the London Stock Exchange from 2005 until delisting in May 2023.[4] It has been under US sanctions since November 2023.[5]

  1. ^ a b c d e "Консолидированная финансовая отчетность специального назначения за 2023 год" (PDF) (in Russian). Sistema. 8 April 2024. p. 59. Retrieved 8 April 2024.
  2. ^ "Ad-Hoc Notice". sistema.com.
  3. ^ "Sistema announces decisions of the Board of Directors". sistema.com.
  4. ^ ""Система" провела делистинг с LSE". Интерфакс (in Russian). 2023-05-17.
  5. ^ "Russia-related Designations, Updates and Removal; Counter Terrorism Designation Update; Issuance of Russia-related General Licenses". United States Department of the Treasury. 2023-11-02.