Russia’s VTB demands US$817.5 million from Mozambican state

The Russian bank VTB has filed a lawsuit in London demanding $817.5 million, plus interest, from the Mozambican state for failing to pay instalments on ‘hidden debts’ loan contracted by MAM (Mozambique Asset Management) in 2014. According to what Lusa has established, the Russian bank argues that the Mozambican state “irrevocably and unconditionally guaranteed that … Continue reading Russia’s VTB demands US$817.5 million from Mozambican state