Rosneft filed a lawsuit against Rosneft Trade Limited for $893.6 million
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Rosneft applied to the Moscow Arbitration Court to recover more than $893.6 million (about 61.4 billion rubles) from Rosneft Trade Limited, a company registered in Cyprus, follows from the file of the court. The grounds for the claim are not specified in the court materials.
claim statement Rosneft filed a lawsuit on January 12, and on January 16 it was accepted for proceedings. A preliminary hearing in the case is scheduled for May 31.
Also, a subsidiary of Rosneft, JSC RN Holding, made demands to recover funds from Rosneft Trade Limited. AT materials arbitration court, the amount of the claim is not reported. The preliminary meeting is scheduled for February 13.
In 2015, the US Department of Commerce announced another expansion of sanctions against Russia. In the sanctions list Structures of Rosneft were also included, including trading companies Rosneft Trading, Rosneft Trade Ltd and RN-Holding (formerly TNK-BP Holding).
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