MOSCOW, December 28 – RAPSI. Oleg Deripaska and an online news agency which published an op-ed in 2011 focusing on Russian billionaire’s business activities have agreed to settle defamation lawsuit, the Moscow Commercial Court spokesperson told the Russian Legal Information Agency on Friday.

The agreement reads that Agentstvo Politicheskikh Novostey (Political News Agency) and Oleg Sudakov, a journalist for the agency and a co-defendant in the lawsuit, admit that the op-ed “Kneeling on the Road to Heaven”, which was posted online on October 14, 2011, contained false information and was harmful to Deripaska’s reputation.

The agency is going to publish a refutation and replace the defamatory statements with the text stating that these sections were erased as per the terms of the settlement with the billionaire, which was approved by the Moscow Commercial Court.

Deripaska has dropped his other claims.