Title for Episode VIII of world’s famous saga ‘Star Wars’ revealedSociety & Culture January 23, 21:19
Russia’s chief negotiator: Astana format gives hope for new level in negotiating processRussian Politics & Diplomacy January 23, 20:52
Astana talks focusing on mechanism of Syria ceasefire observance — oppositionWorld January 23, 20:23
Russia and Turkey hit Islamic State targets near al-Bab in Aleppo provinceWorld January 23, 20:06
Russia’s 4th Yasen-class submarine completes hydraulic testsMilitary & Defense January 23, 18:56
Arctic airport in search for investorsBusiness & Economy January 23, 18:50
Rosneft begins Arctic shelf’s seismological exploration from 2017Business & Economy January 23, 18:38
Tesla takes the lead in sales of electric cars in Russia in 2016Business & Economy January 23, 18:18
Politician says European-style reforms to degrade Ukraine’s economyWorld January 23, 18:16
CHELYABINSK, September 28. /TASS/. Chelyabinsk Regional Arbitration Court approved a settlement agreement on the lawsuit of Alfa-Bank to Uralvagonzavod (UVZ) on the company’s multibillion-dollar debt, TASS reported the courtroom.
The debt of the corporation and its subsidiaries, according to recent data, totals more than 7.3 bln rubles ($114.2 mln) and $30.2 mln. "The court approved the settlement agreement submitted by the parties. The proceedings were terminated," the judge said during the hearing.
The court also approved and the settlement agreement between the parties regarding the suit on execution upon property, which was a part of a loan security.
Earlier, General Director of UVZ Oleg Siyenko said that the Corporation has prepared a settlement agreement with Alfa-Bank. According to him, the settlement agreement was prepared due to the fact that UVZ has applied for state guarantees of 16 bln rubles ($250.2 mln). According to him, at the time the money was needed to fulfil UVZ commitments under the loan agreements due to expire in 2016-2018 and to extend the agreements by five years.
Uralvagonzavod is a Russian corporation, engaged in the development and production of military equipment, road construction machinery, and rail cars. The corporation has more than 40 industrial enterprises, research institutes and design bureaus.