Georgia’s Orthodox patriarch to visit Moscow to mark Russian patriarch’s 70th birthdaySociety & Culture October 23, 4:21
Iraqi forces enter last settlement on northern approaches to Mosul — mediaWorld October 23, 3:56
Azerbaijan’s president says his country will not increase oil outputBusiness & Economy October 23, 3:29
Second round of parliamentary election to be held in Lithuania on SundayWorld October 23, 2:49
Russian Duma delegation to take part in BRICS forum, IPU Assembly in GenevaRussian Politics & Diplomacy October 23, 2:11
Ceasefire in Syria violated 44 times in 24 hours — Russian reconciliation centerWorld October 23, 1:36
Russian national delegation would be more effective at US election — expertRussian Politics & Diplomacy October 23, 1:09
Russia looks to produce Zika vaccine in Nicaragua — health ministerSociety & Culture October 23, 0:20
Russian diplomat calls to compare death tolls in Iraq under Hussein vs under US ruleRussian Politics & Diplomacy October 22, 21:00
YEKATERINBURG, February 9. /TASS/. A bankruptcy petition regarding Kurganmashzavod (KMZ) - Russia’s only enterprise manufacturing infantry fighting vehicles (BMP) - has been filed with the Kurgan Arbitration Court, the court press service told TASS Tuesday.
The petitioner is MTE Group registered in Moscow.
"The petition is connected with arrears on lease contracts of MTE Group and KMZ. Earlier the companies struck an amicable agreement, under which KMZ was to pay in two stages 41 million rubles ($515,000) of total debt on lease payments and some 1.9 million rubles ($23,800) of cancelation penalty," the press service said.
The court said Kurganmashzavod only paid 276,000 rubles ($3,460) out of the debt. "That’s why MTE Group demands that the plant be recognized bankrupt and that a bankruptcy commissioner be appointed," it said.
The petition was filed February 5 and has not yet been accepted for hearing. TASS was unable to get a comment from the plant.
KMZ, making part of Tractor Plants concern, is Russia’s only enterprise producing infantry fighting vehicles being in operational service with the armies of nearly 30 countries.
KMZ in 2015 struck a long-term contract with Russia’s Defense Ministry to supply in 2015-2017 more than 200 BMP-3 infantry fighting vehicles to Russian army units.
KMZ had wage arrears and a debt for gas to Gazprom mezhregiongaz Kurgan company.