Gazprom and Media-MOST fall out again?

The Gazprom-Media company has reportedly withdrawn from the agreement with Deutsche Bank concerning selling shares in the NTV television in the West and accused Media-MOST of defying its obligations. Earlier, Media-MOST filed lawsuits against Gazprom and Deutsche Bank for violation of their agreement with Media-Most signed in November 2000. Media-MOST filed lawsuits against Gazprom and Deutsche Bank for violatiing their agreement with Media-Most signed in November 2000. The agreement provided for repayment of Media-MOST’s $471 million debt to Gazprom by means of transferring shares in Media-MOST and NTV to the gas company, and Deutsche Bank was to find a buyer for these shares. Deutsche Bank failed to reach an agreement with Media-MOST on selling the shares in NTV. Instead, Deutsche Bank made a bilateral agreement with Gazprom in December 2000, which was the reason for filing the lawsuits. Deutsche Bank says Media-MOST’s lawsuits are groundless, and the bank intends to appeal. In the meanwhile, Andrei Tsimailo, deputy chairman of Media-MOST’s Board of Directors, was questioned in the General Prosecutor’s Office again today, RBC reports.