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.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
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.
