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Russia’s Economy and Finance Minister, Alexei Ulyukayev, has been arrested and detained, in connection with an alleged bribe.
Russia’s main anti-corruption body, the Investigative Committee, said Ulyukayev received a payment of $2 million as bribe.
Ulyukayev’s Ministry had given a positive assessment that led to the oil giant, Rosneft, acquiring a 50% stake in another oil company, Bashneft.
He is the highest-ranking Russian official to be detained, since the 1991 coup attempt, in what was then the USSR.
“This is about extortion of a bribe from Rosneft representatives, accompanied by threats,” Svetlana Petrenko, a Spokesperson for the Investigative Committee, told RIA Novosti news agency.
“Ulyukayev was caught red-handed, as he received a bribe,” she said.


The Investigative Committee said the Minister would soon be charged.
He could face a prison sentence of between eight and fifteen years, if found guilty.
Rosneft, which is controlled by the Russian government, bought 50% of Bashneft for 330 billion roubles ($5 billion), in October, reports the BBC.
A Rosneft Spokesperson, told the Tass news agency, that it acquired the Bashneft stake, “in accordance with Russian law, on the basis of the best commercial offer made to the operating bank”.
Ulyukayev, was appointed Economy Minister in 2013; prior to that, he had been Deputy Chairman of Russia’s Central Bank for a decade.

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