Sistema

Russian Economic Development Minister Alexei Ulyukayev has been detained detained on suspicion of taking a USD 2 million bribe.

According to TASS, "that allowed Rosneft (oil company) to complete the deal on purchasing the government's 50 percent stake in Bashneft."

Russian's Economy Minister Alexey Ulyukayev has been arrested on suspicions of extortion and threats to a representative of state-owned company Rosneft, Russian media report.

Ulyukayev has become the highest-profile official to be detained in Russian since 1991, with no minister having been placed under arrest in the country's post-Soviet history.