Ukrzaliznytsia has won a ruling to reduce the debt of Russian Sberbank by $15.6 million.

The Eastern Commercial Court of Appeal in Kharkiv has agreed to reduce one of the state-owned company’s debts to the Russian bank Sberbank from $56.1 million to $40.55 million. Ukrzaliznytsia accrued this from its former subsidiary enterprise Donetsk Railway which had accumulated large debts from major Russian banks including Sberbank, VTB, and others before Russia’s aggression in the eastern Donbas region in 2014. Ukrzaliznytsia argues that it should not be considered liable as this borrowed money was spent on improving