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Wednesday, March 14, 2012

Shipyard wins $2.2mln suit against Defense Ministry

[Oscar II class]The Moscow Commercial Court sided with Zvezda Far Eastern Shipyard in its $2.22million lawsuit against the Pacific Fleet Management and the Defense Ministry.

Zvezda sought to recover compensation for the nuclear submarine repairs.

Particularly the court stated in its decision that the money will be recovered from the Pacific Fleet Management, and if it does not have enough funds to pay for repair works the stated amount will be recovered from the Defense Ministry at the expense of the federal budget.

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