Sberbank-Glencore Row: If the British oil company did not pay, then the Russian bank took this step, knowing the whole matter

Posted on 7th Nov 2022 03:02 pm by rohit kumar

Russia's largest lender Sberbank has decided to sue global commodities trader Glencore for non-payment of about 117 million euros ($116 million) in oil supplies. The database of the Arbitration Court of Moscow confirmed this on Monday.

 

The database shows that Sberbank was seeking recovery of loans and penalties from UK-based Glencore Energy UK Ltd under two agreements. Both cost around 58-36 million euros.

 

 

One of these deals pertains to the supply of the oil mixture at the border of Ukraine and Hungary in March, and the other pertains to the supply on the border of Ukraine and Slovakia in the same month.

 

The database did not provide any further details on the agreements or the lawsuit. Sberbank has not yet responded to a request for comment on this news. There has also been no comment from Glencore in this matter so far.

 

Let us tell you that on February 24, Russia sent its army to Ukraine in what it calls a "special military operation". It is not clear whether the reason for the Glencore trial is the ongoing tension between Russia and Ukraine. The hearing, in this case, is scheduled to begin in Moscow on December 6.

 

Also Read: Virat Kohli Net Worth: Money is raining on 'Cheeku' who hits fours and sixes, will blow his senses annually

Other news

'Spider-Man: Across the Spider Verse' earned 53 crores at the Indian box office in 5 weeks, making this record

Spider-Man: Across the Spider-Verse: On June 2, 2023, the sequel to the animated film 'Spider-Man

There was panic in 6 schools in Delhi and Noida including DPS due to the information about bomb, the premises were evacuated; and Police took charge

There was chaos after six schools in Delhi and Noida received emails related to the bomb threat o

Delhi-NCR Weather Update: Storm will blow... lightning will thunder, possibility of rain in NCR; weather will remain like this for a week

The people of Delhi-NCR have been getting relief from the humid heat for the last three days. The

Israel: Hamas fired 5000 rockets, five including the mayor killed, and 100 injured, Israel retaliated, the PM called a meeting

Enraged by the repeated rocket attacks by Hamas, Israel has said that it is ready for war. Accord

Coronavirus Updates: Corona's speed increased again in the country, with 811 new cases found in the last 24 hours

The pace of corona infection seems to be increasing again across the country. According to the da

Narendra Modi: PM Modi held a high level meeting regarding Himachal Pradesh disaster, Shah was also present; Nadda will visit the state tomorrow

PM Modi meeting on Himachal disaster There has been an outcry in Himachal Pradesh due to heavy ra

LSG vs MI: After Mumbai's third defeat, captain Hardik Pandya got angry at the batsmen and bowlers, know what he said

After losing the IPL match against Lucknow Supergiants by 12 runs in IPL 2025, Mumbai Indians cap

Karnataka 1st PUC Result 2023: Karnataka 1st PUC result released, download like this

Karnataka 1st PUC Result 2023 released: The Department of Pre-University Education has released t

Rinku Singh became an example in the first innings, match finishers should learn from him, big disclosure of a fellow player

Rinku Singh made a bang in international cricket and on the strength of his first innings, he bec

'Shri Ganesh will do it...', when the Russian ambassador spoke in Hindi during a press conference, made a big promise on the Sudarshan Chakra mission

PM Modi recently made many big announcements on the occasion of Independence Day on 15 August. Th