GAZ recovered ₽16.9 billion from Volkswagen

Arbitration Court of Nizhny Novgorod Region partially satisfied the claim of Gorkovsky Avtozavod against Volkswagen and ruled to recover ₽16.9 billion from the German automobile concern. Starting from 2021, the defendant Volkswagen began to violate its obligations under the diesel engine supply contract and in March 2022 completely repudiated the contract. GAZ then filed a lawsuit to recover damages totaling ₽28.4 billion.