Russia threatens international arbitration on 2G licence cancellation of Sistema Shyam

Last Updated: Mon, Oct 29, 2012 17:34 hrs

Stepping up pressure on India, Russia on Monday warned it that it will go for international arbitration if the issue of cancellation of 2G licence involving Russian telecom giant Sistema was not resolved in Indian courts. "If the issue of cancellation of 2G licence to Sistema is not resolved in Indian courts, we will go for international arbitration," Russian ambassodor to India Alexander Kadakin said on the sidelines of a cultural event.

"We are upset about the decision," Kadakin added.

Russia, which has been conveying its unhappiness over the issue time and again, had earlier said the row over Sistema will have "great repercussion" not only on Indo-Russian bilateral cooperation but also for foreign investments in India.

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