The Ministry of Finance appealed to the Supreme court procedure of the Russian Federation 1.1 billion

The Ministry of Finance appealed to the Supreme court procedure of the Russian Federation 1.1 billion


The dispute arose due to differences in the valuation of Crocus Group built by order of the Federal authorities to the APEC summit objects of far Eastern Federal University in Vladivostok: the promenade, the pier, an artificial lake and waterfall, the building of a sports and recreation complex.

MOSCOW, 17 Dec./strong>. Russia’s Supreme court on Thursday has registered a cassation appeal of the Ministry of Finance of the Russian Federation on the judicial acts of the lower court, which has obliged the Russian Federation to pay about 1.1 billion rubles JSC “Crocus international”, which is Crocus Group of Aras Agalarov is a businessman, the information on the website of the court.

In accordance with the decision of the court, to transfer the money to the company Agalarov needs of the far Eastern Directorate of the Ministry of regional development of the Russian Federation, and in case of insufficiency of funds — the Russian Federation represented by the Ministry for development of Russian Far East. The Ministry of Finance participated in the trial as third person.

The dispute arose due to differences in the valuation of Crocus Group built by order of the Federal authorities to the APEC summit objects of far Eastern Federal University in Vladivostok: the promenade, the pier, an artificial lake and waterfall, building sports and recreation center (building D) with a total area of 5 thousand square meters. According to the plaintiff, the General contractor of the project, the customer paid him in full.

The court of first instance made a judicial construction and technical expertise to determine the cost of completed works by the developer. As noted in the decision of arbitration of Moscow, “since the disputed construction projects were delivered by plaintiff and accepted by defendant, a judicial examination found the value, from the defendants to the plaintiff is indebted in the amount of 892,6 million rubles”. The court in April had collected this sum, and also percent for using another’s money resources. The decision came into force in August, when it approved the court of appeal, in November agreed with him, and the arbitration court of the Moscow district.

The total area of constructed facilities Crocus Group is more than 4 million square meters. Among the objects of the company — a multifunctional complex “Crocus city”, international exhibition center “Crocus Expo”, the concert hall “Crocus city Hall”, “Crocus city Mall”, a shopping and entertainment complex Vegas, country Estate Agalarov Estate, Sea Breeze on the Caspian sea, restaurants, the network of hypermarkets “Tvoy Dom”, metro station “Myakinino”.