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. Last Updated: 07/27/2016

Owner Says Fine Won't Stop Minutka




ST. PETERSBURG -- The Minutka fast food restaurant on Nevsky Prospect will survive a court order that it pay $1.2 million to its former American partners, East-West Invest, said Vadim Bordug, the owner of Minutka.


"I believe that we will go on operating in any case," Bordug said.


An April 22 decision by Russia's Supreme Court upheld a city court's ruling that Minutka pay the money awarded by a Stockholm arbitration court to its former partner in a joint venture to set up a Subway Sandwiches franchise on the site that is currently occupied by the Minutka fast food restaurant.


Bordug said Minutka would follow the law and obey the court order, but he said he could not comment on how his firm will execute the court's decision until the ruling is presented to him.


"Minutka has always been acting according to Russian law -- and it will go on acting this way," Bordug said.


Bordug refused to be drawn on the question of whether Minutka has the wherewithal to pay the $1.2 million in damages awarded against his firm to his former partners.


"It is hard to say immediately. A financial analysis must be made," he said.