Russian bailiffs have postponed a freeze on some assets of Russia’s Taganrog Automobile Plant (TagAZ) for 10 days, the Rostov region branch of the Federal Bailiffs Service said.

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The assets were frozen in connection with a lawsuit filed by Sberbank, which is owed RUB6.3bn by TagAZ. TagAZ’ total debt is RUB21bn.

Established in 1997 TagAZ has produced Hyundai vehicles under licence. 

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