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SBERBANK WANTS TO RECOVER 114.7 MILLION EUROS OF NON-PAYMENT FROM GLENCORE GROUP

Sberbank filed a claim with the Moscow Arbitration Court against the Glencore Group due to its refusal to pay for the supply of petroleum products. Sberbank intends to claim a total of 114.7 million euros jointly and severally through foreclosure on the ...

ST. PETERSBURG RISKS BEING LEFT WITHOUT A BACKBONE FISHING ENTERPRISE

... away from ruin. Fish processing Plant No. 1 (ROCK-1) was left without raw materials and the ability to restructure debts to banks. The amount of debt at the moment exceeded 3.8 billion rubles. According to Fontanka, the main creditor in the person of Sberbank did not meet the interests of the combine, having applied to the court in August 2022 with a statement of claim. Also, at the initiative of the bank, the accounts and property of ROCK-1 were arrested, which did not allow further operational activities....

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