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Russian Economy Minister Alexei Ulyukayev prior to the meeting of Russian President Vladimir Putin with Myanmar President Htin Kyaw on the sidelines of the the ASEAN-Russia Commemorative Summit in Sochi, Russia, May 19, 2016. EPA/BGNES
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.
Russian investigative officials say he was detained while taking a USD 2 M bribe, according to RBC daily.
A criminal case has been launched into bribery, Svetlana Petrenko, who represents the investigative committee, has said.
RIA Novosti reminds his ministry had given a positive assessment that resulted in the oil giant Rosneft acquiring a 50% stake in Bashneft, another oil company, for the equivalent of nearly USD 5 B. The money was taken in relation to the assessment, investigators allege.
Ulyukayev may be sentenced to 15 years in prison if found guilty.
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