Lithuanian Game Insight has agreed to repay a debt of € 1.92 million to the Russian Game Insight. Alexander Masgutov, a representative of the company, said this in a comment to Kommersant.
According to Masgutov, it will not be easy to transfer money. EU sanctions and a ban on the transfer of funds from Lithuanian banks to Russian ones prevent this from being done. However, despite the restrictions, Game Insight “has the ability and intention to repay the debt in full” and has already sought advice from the Lithuanian state authorities.
However, Denis Kachura, the arbitration manager for the bankruptcy case of Game Insight in Russia, claims that not everything is so clear with the recognition of debt. On your Facebook page* he said that Game Insight in a general statement asked to recognize the situation with the inability to repay the debt to employees from Russia by force majeure. He also pointed out that the debt arose back in March 2022, and Game Insight began consulting with Lithuanian state authorities only last week.
In addition, writes Kachura, at the last court hearing, the representative of Sergei Avetikov (approx. the director of Game Insight Holding Limited in Cyprus) asked to suspend the bankruptcy proceedings of Game Insight until the entry into force of the act on the court with the Lithuanian company for € 1.92 million. Moreover, the Lithuanian Game Insight confirmed the debt and agreed to repay it, and there is a week left before the act comes into force.
Separately, Kachura said that Avetikov’s representative accused him that his Facebook posts* harm the business reputation of Game Insight and can have a bad effect on the mental health of employees. As proof, he cited screenshots of posts, some of which were published even before Kachura’s appointment to the position of arbitration manager.
*Belongs to the Meta company banned in Russia.