Turkish tanker owner Palmali is to appeal against a court bankruptcy ruling concerning its Russian unit.
The November decision by the court in Rostov-on-Don effectively handed its fleet to creditor Sberbank, the Russian lender.
The Russian subsidiary, Palmali LLC, owes $180m to Sberbank, with the majority of its 58 ships held as collateral.
Palmali also owes RUB 1.6bn
