"Ukrroslizing LLC, which is owned by entities controlled by Russia’s Vnesheconombank, appealed to the Economic Court of Kiev demanding the recovery of the debt owed to it by the Kiev subway under the lease agreement, termination of the contract and return of the leased cars,” Sagaidak wrote.
“This could effectively stop the operation of the Kiev Metro," he added.
The Economic Court sustained the Russian company’s claim to collect the debt, terminate the contract and repossess the property. The Kiev metro is no longer allowed to use the leased cars.
The metro’s previous management then signed an additional agreement with Ukrroslizing. As a result, the overall debt has since grown almost three times.
The Kiev metro has appealed the court’s ruling and “our entire rolling stock is now at work,” the metro’s media spokeswoman Natalya Makogon told RIA Novosti.
