LCIA award cancels debts to Russia’s Sberbank in refinery dispute
The Antipinsky refinery in Siberia has spawned several disputes (Credit: Shutterstock/Roofsoldier)
A Swiss oil trader says it has won an LCIA award that cancels debts of over US$1 billion to Russia’s Sberbank after the majority state-owned financial institution was found to have driven a Siberian refinery into bankruptcy.
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