«Ust-Luga port is one of the largest infrastructural projects
of European scale in Russia.». V. Putin

Leningrad region government has withdrawn a lawsuit against the "Ust-Luga Company"

February 27, Kingisepp city court issued a ruling on the termination of the proceedings for the recovery of debt by the Government LO with JSC "Ust-Luga Company" in connection with the failure of the Government LO the claim, as JSC "Ust-Luga Company" fully fulfilled its financial obligations to the Government of Leningrad region

22.02.17 JSC Ust-Luga Company transfered to the account of Leningrad region a final tranche in the amount of 158 million rubles as debt repayment which resulted from payment by the Leningrad region (as the guarantor) debts of JSC Ust-Luga Company to PJSC Bank VTB. Thus "Ust-Luga Company" completely fulfilled the financial obligations to the government of the Leningrad region.

According to the CEO "the Companies Ust-Luga" Victoria Fedorova, the chairman of the board of directors of the company Valery Izraylit, understanding importance of a task on debt repayment, in the end of the year guaranteed debt repayment and, despite all difficulties, kept the promise to the budget of Leningrad region  in full.

Total amount of a debt constituted 532 million 800 thousand rubles.