Fesco does not expect a bankruptcy claim filed against it earlier this week to affect its operations.
Kapital Asset Management took action against the Russian owner on Wednesday, as the latter has halted bond payments.
Fesco said: “Fesco does not expect any of the above to have an adverse impact on its operations and collaboration with its partners, including vendors and clients.
“The company intends to continue to do business as usual and perform all its contractual obligations.”
This is the second filing against Fesco since November, when the company faced a claim from Interprombank.
The company said today it “remains engaged in a constant dialogue with its creditors, including Kapital.”
Fesco added: “Fesco believes the court process initiated by Kapital does not preclude the possibility of reaching an amicable settlement with its RUB bondholders, including Kapital,” the company added.
