VTB sued 60 billion rubles in Rusenergo

The Moscow Arbitration Court on Friday granted the VTB lawsuit to recover 59.8 billion rubles with Rusenergo Fund Limited. It is reported by Interfax .

The representative of the defendant at the meeting opposed the satisfaction of the claim about the value of the stakes. According to the lawyer Rusenergo Fund Ltd., on October 17, 2014, the shall be written off from accounts and placed in the bank.

According to the lawyer, the market value of these shares is 15.49 billion rubles, so this amount is not subject to recovery. He also announced the disproportion of the penalty percentage accrued by the penalty.

The representative of VTB, in turn, announced the unproven sale of shares by the defendant, as well as the fact of negotiations between the bank with the exchange about the possibility of the implementation of the laid shares. In case of successful implementation of these assets, the amount of the penalty will be reduced in the framework of the enforcement proceedings.

According to the agency, on March 5, VTB reduced the amount of requirements for the recovery of funds with Rusenergo Fund Ltd. From the declared 64.3 billion rubles to 60.6 billion rubles. VTB filed a lawsuit against the defendant in the Moscow Arbitration Court in October 2014.

Rusenergo Fund Ltd. It is registered in Cyprus and is a large offshore fund, which previously bought up shares of Russian electrogenerating and electric grid companies for VTB loans. Later Rusenergo Fund Ltd. I went on to the Office of the Xenon investment company, owned by the ex-head of the reign of the Russian JPMorgan, Natasha Tsukanova.