Boxing Day on Red Square sets new Guinness recordSport July 23, 8:33
Joseph Dunford says Russia most military capable country of those posing threat to USWorld July 23, 4:57
Russia’s US envoy Kislyak steps down, his deputy to act as Charg d'Affaires ad interimRussian Politics & Diplomacy July 23, 1:33
Putin greets KamAZ-Master team - winner of Silk Way RallySport July 22, 15:20
Agreements on East Ghouta zone in Syria signed - Defense MinistryWorld July 22, 14:20
PAK FA offers practically unlimited opportunities to pilot - commanderMilitary & Defense July 22, 11:29
Ukraine's National Broadcasting Board issues fine to Public Radio for 0% Urkainian songsWorld July 22, 5:39
Femen movement activists faces 5 years in jail for trying to frustrate summit meetingWorld July 22, 4:38
Russian Deputy PM dismisses allegations he will arrive in Moldova on warplaneRussian Politics & Diplomacy July 22, 2:46
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.