OREANDA-NEWS. July 22, 2011. Atomstroyexport filed a claim to the International Court of Arbitration of the International Chamber of Commerce in Paris against the National Electricity Company of Bulgaria to recover 58 million euro.

This action is necessary because the matter is payments for already done work on which the parties signed acceptance certificates.
 
Atomstroyexport performed a certain amount work on construction of Belene nuclear power plant with credit resources raised by request of the Bulgarian party.

Besides, due to a difficult financial situation of the Bulgarian customer and by its request it was provided a time credit and the related repayment schedule was revised.

Since the customer doesn’t follow the repayment schedule, the Russian company has to go to court, because otherwise the Russian fiscal authorities may file claims against it for a failure to take measures to recover export proceeds and pay related taxes to the budget of the Russian Federation.