Russian agricultural companies appeal $20 mln award to BNP Paribas
MOSCOW, October 14 - RAPSI, Natalia Belova. An appeals court has registered an appeal filed by Russian agricultural companies against a court decision to award $20 million to BNP Paribas, a subsidiary of the French BNP Paribas Group, the court told the Russian Legal Information Agency (RAPSI).
The primary court awarded the bank $19.989 million in principal debt and $10,300 in penalties in its lawsuit against Kubankhlebproduct and Rosinteragroserviceо. The court also ordered Kubankhlebproduct to pay $69,600 in penalties for loans.
The bank initially sought to recover $20.069 million, but later increased the claim to $20.378 million. The bank claimed $19.989 million in principal debt and $388,700 in penalties for five loan contracts signed in 2010.
BNP Paribas has been operating since 2002. Among other services, the bank provides loans to Russian companies.