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IKEA affiliate company ordered to pay Gazprom subsidiary $283,000

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12:52 09/04/2018

MOSCOW, April 9 (RAPSI) – The Moscow Commercial Court has ordered IKEA Centers Rus Property A to pay its 16.6-million-ruble debt (about $283,000) to Gazprom gazoraspredeleniye Voronezh, a subsidiary of Russia’s oil giant Gazprom, according to court records.

Moreover, the court dismissed a counter claim by the subsidiary of IKEA on recovery of the unspent part sum of advance payment worth 6.7 million rubles ($114,000) under a distribution connection agreement plus 126,600 rubles ($2,200) of interest.

According to Gazprom gazoraspredeleniye Voronezh, on December 16, 2015, the company concluded a contract with the defendant. Under the agreement, the subsidiary of Gazprom assumed an obligation to carry out technological connection of IKEA’s capital construction projects in the Voronezh Region to its network. IKEA Centers Rus Property A in turn was obliged to pay services of providing connection and all accompanying expenses of the plaintiff.

The defendant paid over 7 million rubles (about $120,00) as a down payment. As Gazprom gazoraspredeleniye Voronezh incurred expenses totaling to 23.6 million rubles ($402,000), the defendant owed 16.6 million rubles to the plaintiff.

The court has accorded the plaintiff saying that the defendant has not introduced evidence supporting compensation for the Gazprom subsidiary’s expenses.

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IKEA affiliate company ordered to pay Gazprom subsidiary $283,000

12:52 09/04/2018 The Moscow Commercial Court has ordered IKEA Centers Rus Property A to pay its 16.6-million-ruble debt (about $283,000) to Gazprom gazoraspredeleniye Voronezh, a subsidiary of Russia’s oil giant Gazprom.
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