Togliattiazot files lawsuit in a court of arbitration

The decision to appeal to court was taken after the refusal of the UKHTA management to satisfy the request of OJSC Togliattiazot, filed on January 13, 2017, and resolve the situation via negotiations.

"We believe that UKHTA seriously violates the contract and is obliged to make a transit. ToAZ will not sign an additional agreement providing for unreasonable cost increase proposed by our Ukrainian partners," said CJSC Togliattiazot Corporation's CEO Vyacheslav Suslov. "If Ukrkhimtransammiak fails to immediately resume fulfilling its contractual obligations, our losses will continue to grow, and Togliattiazot will seek compensation, and also in international courts."