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Russian Railways v. Finance Ministry dispute set for June

17:09 04/04/2016

MOSCOW, April 4 (RAPSI) – The Moscow Commercial Court has scheduled for June 27 the hearing of a lawsuit filed Russian Railways seeking 7 billion rubles ($104.3 million) in compensation from the Finance Ministry and the Labor and Social Protection Ministry, RAPSI reported from the courtroom.

Russian Railways demanded compensation for its losses from the transportation of benefit recipients in 2009. Under an agreement on the transportation of benefit recipients in 2009, Russian Railways was to receive compensation for profit shortfall resulting from this agreement.

The rail monopoly said the transportation of benefit recipients in 2009 cost the company 11 billion rubles ($164 million), but only 4 billion rubles ($60 million) were issued in compensation from the federal budget.

Another lawsuit lodged by Russian Railways demanding 1.74 billion rubles ($26 million) from the Finance Ministry for the transportation of benefit recipients in 2010 will be also reviewed in June.

Moreover, the Federal Passenger Company, a subsidiary of Russian Railways, in November filed a claim for recovery of more than 7.4 billion rubles ($110 million) in damages from the Finance Ministry.


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Russian Railways v. Finance Ministry dispute set for June

17:09 04/04/2016 The Moscow Commercial Court has scheduled for June 27 the hearing of a lawsuit filed Russian Railways seeking 7 billion rubles ($104.3 million) in compensation from the Finance Ministry and the Labor and Social Protection Ministry.
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