Under the ruling, Red Barricades will have to pay about 613 million roubles ($10.2 million) to Nizhnevolzhskneft for failing to build a living quarters module for Lukoil’s Filanovskogo development in the Caspian Sea.
Nizhnevolzhskneft advanced “more than 2 billion roubles” to the yard under a construction contract to build the module, signed in 2013, according to the company’s executive director Nikolay Lyashko.
However,
