Russian economy minister detained over alleged $2 mln bribe linked to Bashneft deal

Baku, November 15, AZERTAC

Russia’s Investigative Committee has said that Economic Development Minister Alexey Ulyukayev was detained on suspicion of taking a $2 mln bribe, that allowed Rosneft to complete the deal on purchasing the government's 50% stake in Bashneft, TASS reports.

Deputy Minister of Economic Development Alexei Vedev will temporarily perform the duties of the minister while Alexei Ulyukayev is under investigation, two sources in the ministry told TASS.

According to the sources, appointment of Vedev happened in accordance with the internal regulations of the ministry. Meanwhile, it is currently unknown who will represent the ministry at the summit of the Asia-Pacific Economic Cooperation (APEC) in Peru.

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