Russian banker is to sue Lithuania for 250 billion rubles

Russian banker is to sue Lithuania for 250 billion rubles
Businessman Vladimir Antonov Photo:

The Russian businessman Vladimir Antonov, a former owner of the Snoras bank, nationalized by Lithuania, may increase the case value of the claim to the country to 230-250 billion rubles.

Former co-owner of the Snoras bank Snoras, Vladimir Antonov intends to increase the case value of the claim to Lithuania to 230-250 billion rubles. In 2011, the Baltic republic nationalized the bank following its bankruptcy. The new figure includes not only the loss inflicted by nationalization, but also the damage to business reputation caused by the statements Lithuanian President Dalia Grybauskaite.

The previously sum of 40 billion rubles was the first numbers, Antonov told RIA Novosti. He stated that the Snoras bank was part of a large group, so the case value of the claim may multiply. The whole nationalized group is currently subject to estimation.

Lithuanian authorities decided to nationalize the Snoras bank, after finding a deficiency worth 361 million dollars. First, the credit institution had been declared bankrupt, and later eliminated.

At that time, the Russian citizen Vladimir Antonov and his business partner Raimondas Baranauskas were in the UK, and the Lithuanian government sought their extradition. When in early 2014, a London court decided to satisfy the request of Lithuania, Antonov fled to Russia. In August, he filed a claim to the Arbitration Court of Moscow against Vilnius for the recovery of more than 40 billion rubles. This was made possible due to the law that came into effect this year, which limits the jurisdictional immunity of foreign states.



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