The Ukrainian Metal

Russia: Chek-Su.Vk claim against Krasnoyarsk region dismissed

The third arbitrary court has refused to satisfy the claim of Chek-Su.Vk Company, which has asked to recover 23.5 billion rubles from the authorities of Krasnoyarsk region.

The suit was filed in 2017 in order to recover funds spent on the unfinished project to construct Yeniseiskiy Ferroalloys Works on the territory of Krastyazhmash works.

The company had to take a loan of 18.8 billion rubles from VEB and used 4.6 billion rubles of its own funds. In winter 2017, after the agreement with the regional authorities was canceled due to population unrest, the company was declared bankrupt. (Ukrainian metal)

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