AFKS on Moscow Exchange
Russian conglomerate company
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 decreased to 49.2%, and he stepped down from Sistema's board of directors. Sistema has its headquarters in Moscow.2 It employed about 70,000 people.1 Its revenue was ₽1.3 trillion in 2025.1 Its shares trade on Moscow Exchange under the symbol AFKS.1 Wikipedia text CC BY-SA 4.0
Last updated Oct 20, 2026.
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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 decreased to 49.2%, and he stepped down from Sistema's board of directors.2
Sistema sits at the top of its group. 30 entities, 9 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.
What Sistema reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Things Wikidata records the company as owning, with the share when stated.1
Founded by Vladimir Yevtushenkov in 1993.1
In 1993, Evgeny Novitsky and Vladimir Yevtushenkov founded the holding company AFK Sistema, also known as Sistema JSFC, to group together several information technology (IT) and cell phone companies including MTS.
From Wikipedia’s article on Sistema, shared under CC BY-SA 4.0.4
Who has led Sistema, and when. Pick a name to see everywhere that person has worked.
In February 2005, AFK Sistema owned a 49% stake in East-West United Bank (Luxembourg), which was established in June 1974 as a "daughter" bank of the Central Bank of Russia and is one of the five Russian foreign banks of the VTB network. In 2018, Sistema held a 100% stake in East-West United Bank (EWUB) with Sergei Pchelintsev (Russian: Сергей Алексеевич Пчелинцев) as the CEO. In 2021, the company's revenue amounted to 24 billion rubles.
Following the February and March 2022 sanctions issued against VTB and its subsidiaries which include the former daughter banks of the Soviet Union's State Bank Gosbank and later the Central Bank of Russia, EWUB in Luxembourg has become the principal Russian overseas bank in Europe after Gazprombank ceased operations in the region. As of the end of March 2022, the Vladimir Yevtushenkov (Russian: Владимир Петрович Евтушенков) controlled Sistema and its subsidiary East-West United Bank (EWUB) in Luxembourg have not been sanctioned due to Russian invasion of Ukraine. He no longer controls Sistema after reducing his stake in the corporation below control (49.2%), and voluntarily resigned from its board of directors in April 2022.
According to Arnold Tamm (Spivakovsky), both the Peking Hotel at Bol'shaya Sadovaya Ulitsa, 5 in Moscow, where Oleg Kuznetsov (Russian: Олег Кузнецов) was the administrator from 2002 to 2016, and the Cosmos Hotel at 150 Mira Avenue in Moscow, are owned by Sistema.
Until July 2021 AFK Sistema PAO had an aerospace and defence subsidiary, Kronstadt Group, which was acquired in 2015 and developed uncrewed aerial vehicles, and flight simulators. AFK Sistema no longer controls any assets related to the defense industry.
From Wikipedia’s article on Sistema, shared under CC BY-SA 4.0.4
From Wikidata.1
As stated on Wikidata, in the currency reported.
In 2014, 72% of Sistema's interest in Bashneft was seized by the Russian government.
On 3 May, 2017, Sistema shares plunged about 37% following a $1.9 billion lawsuit filed by Rosneft.
On 15 May 2017, the Arbitration Court of Bashkortostan registered a RUB 106.6bn claim filed by Rosneft and Bashneft against Sistema, a preliminary hearing of the case was scheduled for 6 June, Irina Nurislamova was appointed as a judge for the case.
In December 2017, AFK Sistema reached an amicable agreement with Rosneft and agreed to pay out 100 billion roubles ($1.7 billion) to resolve the dispute.
According to a declaration given on 18 October 2018 in a Spanish court by Sergey Dozhdev (Russian: Сергей Дождев), Igor Sechin uses his offshore companies to control Sistema through MTS and Bashneft.
From Wikipedia’s article on Sistema, shared under CC BY-SA 4.0.4
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