MOSCOW, May 21 - RAPSI. The Moscow Commercial Court postponed until July 17 the consideration of the lawsuit by the Bank of Moscow against Milstream Black Sea Wines to recover $26.36 million in loans, the court told the Russian Legal Information Agency (RAPSI/rapsinews.com).

The parties have said they are negotiating the settlement. The bank said on Thursday that the parties need time to finalize certain debt restructuring issues and therefore asked the court to suspend the case once again. The settlement is expected to be submitted to the court during the next hearing.

This is the largest of four lawsuits filed by the bank against wineries in June. The damages requested in the claims total over 1 billion rubles ($32 million).

In a previous statement, the bank told the Russian Legal Information Agency that it is "following its plan to protect its legitimate interests."

According to the source, the plaintiff seeks the repayment of the outstanding principal amount plus interest under loan agreements, as it is not a shareholder of its debtors, but rather its lender.

The media has alleged that former Bank of Moscow President Andrey Borodin owns the wine companies.