Wednesday, September 1, 2021

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 Donetsk Railway’s rail infrastructure, which, following Russia’s invasion, fell under the control of the Kremlin.

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Ukravtodor has appointed its Acting Head, Eugene Kuzkin, as its new chief.

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Finance Ministry is preparing a bill on indirect methods of determining income in 2021.

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