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Statement of Transneft Press Service

Date of publication: 20 March 2020

Given that a number of media have reported the detainment on 19 March 2020 by officers of the FPS (Federal Penitentiary Service) Directorate for Moscow of “businessman Mr. S. Yashechkin, a member of Transneft Board of Directors”, we are forced to make a statement that 12 years ago this person was indeed a member of the Company’s Board of Directors. However, since then he has had nothing to do with the Company, so statements like the one quoted above are nothing but malicious libel called to present the Company in a bad light.

Any mention of Mr. Yashechkin as a member of the Board of Directors or a “top manager” of the Company is meant to undermine the business reputation of Transneft, since it gives deliberately false information about the alleged liaison of the detained businessman with the management of Transneft.

Mr. Yashechkin has never been the Company’s employee and, after laying down the powers of a member of the Board in 2009, neither him nor any structures affiliated with him have had any contractual relations with any of Transneft subsidiaries.

Transneft Press Service believes that any deliberate propagation of such false information contradicts both the journalist’s Code of Professional Conduct and the Russian law “On Mass Media”.

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