MOSCOW, December 13 - RAPSI, Natalia Belova. A commercial court ordered an alcohol distributor and a Moscow's major market on Tuesday to pay the Russian Agricultural Bank $13.4 million in debt under a loan, the Russian Legal Information Agency (RAPSI/ reports from the courtroom.

In addition, the court has levied execution on four pledged buildings in Moscow within the outstanding liabilities amount. Their starting price was appraised at 1.4 billion rubles ($44.6 million).

The court slightly reduced the initial claim and dismissed the counterclaim to quash the guarantee agreement.

The Russian Agricultural Bank told the court that it granted a 400 million ruble ($12.8 million) loan to the Vinexim alcohol distributor in 2010. The Cheryomushkinsky market was a guarantor for the loan.

The Russian Agricultural Bank claimed an early loan repayment after Vinexim failed to pay interest since May 2011. The bank then filed a lawsuit with the Moscow Commercial Court. The loan was set to mature on November 3, 2011.

The Moscow Commercial Court put the Cheryomushkinsky market into administration on November 21 as part of the self-initiated bankruptcy proceedings.

The media reported in 2005-2006 that the Cheryomushkinsky market and Vinexim would co-invest the construction of a large multi-purpose center in south-western Moscow, but the project was never implemented.

Founded in 2000, state-run Russian Agricultural Bank is one of Russia's five largest banks. Russian Agricultural Bank is a 100% state-owned bank with the second-largest network with over 1,600 branch offices across Russia.