Sistema

OJSC JSFC Sistema
Native name
АО АФК Система
Company typePublic (OAO)
IndustryConglomerate
Founded1993 (1993)
Headquarters
Moscow
,
Russia
Key people
Products
Revenue$10.1 billion[1] (2019)
$1.33 billion[1] (2019)
$442 million[1] (2019)
Total assets$19.5 billion[1] (2019)
Total equity$1.02 billion[1] (2019)
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 "Consolidated Financial Statements for 2019 and Independent Auditor's Report" (PDF). Sistema. 20 April 2020. Retrieved 20 April 2020.
  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.

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