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Oboronservis subsidiary ordered to pay Russian Defense Ministry about $2 million

13:10 18/06/2015

MOSCOW, June 18 (RAPSI) – Moscow’s Commercial Court has ruled that OAO Aviaremont, subsidiary of the state-run Oboronservis holding company, must pay 100 million rubles (about $2 million) of its debt to Russia’s Defense Ministry, RAPSI reported on Thursday.

The Defense Ministry filed a lawsuit to collect 3.024 billion ($56.1 million) from the aircraft service and maintenance company.

The sides signed an aircraft service contract in 2011, under which the ministry transferred 30.5 billion rubles (about $566 million) to Aviaremont. The ministry claims the fulfillment of part of the contractual obligations was delayed and some obligations have not been fulfilled.

Aviaremont has denied the complaint as ungrounded.

The Federal Service for Defense Contracts (Rosoboronzakaz) earlier claimed multiple obligation violations under government contracts by Aviaremont.

Yury Stolyarov, department head at Rosoboronzakaz, said in May 2013 that Aviaremont owed the Defense Ministry up to 115 billion rubles (over $2.8 billion).

This is not the ministry’s only complaint against Aviaremont. The Moscow Commercial Court was expected to hear its lawsuit for 2.2 billion rubles ($40.8 million) against Aviaremont on June 15.

Moscow-based Aviaremont reportedly controlled 39 companies and plants that provided aircraft repair and maintenance services. As a result of a wide-ranging restructuring of Oboronservis, it was left with 14 companies last summer, Izvestia newspaper reported.

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Oboronservis subsidiary ordered to pay Russian Defense Ministry about $2 million

13:10 18/06/2015 Moscow’s Commercial Court has ruled that OAO Aviaremont, subsidiary of the state-run Oboronservis holding company, must pay 100 million rubles (about $2 million) of its debt to Russia’s Defense Ministry.
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