Sistema
large 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. The company's global depository receipts (GDRs) traded on the London Stock Exchange from 2005 until delisting in May 2023. It has been under US sanctions since November 2023.
History
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.
Structure
Sistema operates several consumer service businesses in the areas of:
IT and telecoms — Mobile TeleSystems, Moscow City Telephone Network, SkyLink, Sitronics (formerly known as 'Science Center Concern'), NIIME, Mikron, STROM telecom.
Banking — MTS Bank, East-West United Bank
E-commerce – Ozon
House-Building and Real Estate — Sistema-Gals till the end of 2010. In February 2019, Sistema became the largest shareholder of Etalon Group
Retail — Detsky Mir Group until September 2020
Media — Sistema Mass Media until 2016
Healthcare and Pharmaceuticals — Medsi, Binnopharm
Agroholding - Steppe (Russian: «Агрохолдинг Степь»), which, according to Forbes in June 2019, is the second largest land bank in Russia. It has holdings in Rostov Oblast and Stavropol Krai.
Segezha Group, a vertically integrated holding company in the timber industry, performs a full cycle of operations from logging to advanced wood processing
Hospitality – Cosmos Hotel Group
Other businesses — Intourist (Travel Services), until July 2021 RTI Systems (Radio and space technology), Olympic Sistema (Sport)
Kronstadt Group until July 2021.
The public source identifies “Sistema” as large Russian conglomerate company. This brief keeps that definition visible, then builds a research path around Sistema, large and Russian.
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The record creator and administrative purpose are central evidence, because official documentation reflects both action and institutional priorities. The source revision retrieved here is dated Sep 3, 2026. The linked authority identifier is Q1781702. 2 of 2 selected statements include explicit references; 0 carry qualifiers and 0 use preferred rank. The first chronological checks are 2022, 2005, 2023 and 1993.
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This entry incorporates text from “Sistema” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.