RusBankrot
We know everything about bankruptcy
03/03/2026
Tuesday
THIS DAY IN HISTORY:
3 March 
1933 Hitler proclaimed the formation of the Third Reich.
1933 Hitler proclaimed the formation of the Third Reich
1878 The principality of Great Bulgaria was formed as part of the Ottoman Empire.
1878 The Principality of Great Bulgaria was formed as part of the Ottoman Empire
1613 16-year-old Mikhail Fedorovich was elected to reign and became the first tsar in the Romanov dynasty.
1613 16-year-old Mikhail Fedorovich was elected to rule and became the first Tsar of the Romanov dynasty
3 March
1933 Hitler proclaimed the formation of the Third Reich.
1933 Hitler proclaimed the formation of the Third Reich
1878 The principality of Great Bulgaria was formed as part of the Ottoman Empire.
1878 The Principality of Great Bulgaria was formed as part of the Ottoman Empire
1613 16-year-old Mikhail Fedorovich was elected to reign and became the first tsar in the Romanov dynasty.
1613 16-year-old Mikhail Fedorovich was elected to rule and became the first Tsar of the Romanov dynasty
NOVOSIBIRSK CONSTRUCTION GIANT LOSES FINANCIAL STABILITY
The Novosibirsk Arbitration Court (AS NSO) has launched bankruptcy proceedings against the well-known Novolex construction holding. The insolvency hearing was held on February 17. The company, which previously implemented large-scale projects at the federal level, including an order for the Rosatom state Corporation, is currently experiencing a deep financial collapse. Ordinary employees and subcontractors are at particular risk.
The legal entity from Tyumen initiated the trial, but this is only the tip of the iceberg: many other counterparties also have financial claims against the holding. The total amount of claims accumulated in 2025 alone exceeded the mark of 1.4 billion rubles. The dry lines of the court registers conceal a systemic crisis of non-payments, which primarily affects employees and partners.
The company's path to its current status began in 2009 with work in the coal sector, after which the business switched to the construction of retail space. The successful delivery of a hypermarket of a well-known chain in Prokopyevsk has opened the floodgates for new orders. The holding's portfolio includes dozens of diverse facilities across the country, from industrial workshops to strategic infrastructure projects.
The projects of recent years have looked particularly ambitious: the construction of an air harbor in Tomsk and the construction of a giant lithium battery factory in the Kaliningrad region. Investments in the latter facility were estimated in the tens of billions. At first glance, 2024 was a successful year: revenue reached 16 billion, and net profit amounted to 1.3 billion rubles. But it was during this period, according to analysts, that internal imbalances began to accumulate, leading to the collapse.
Wage delays have become a wake-up call. Labor inspections and the prosecutor's office recorded multimillion-dollar debts to workers. The situation reached the point of absurdity: the construction workers could not leave the watch due to lack of funds for tickets. This attracted the attention of the investigators, who initiated criminal proceedings on the fact of unpaid wages. At the same time, debts to fiscal authorities, landlords and suppliers were growing. By the end of 2025, tax arrears were in the hundreds of millions, and many construction projects were frozen.
The expert community attributes the collapse of Novolex to excessive ambition. The holding company got involved in the simultaneous implementation of too expensive projects that require a huge amount of working capital. The situation was aggravated by the jump in prices for building materials and the tightening of monetary policy, which made debt financing prohibitively expensive.
Now that the arbitration has already launched the bankruptcy mechanism, the creditors' chances of fully satisfying the claims are fading. If large banks and state corporations are included in the register, ordinary employees who were the first to feel the effects of the crisis risk being left at the very end of the queue to receive the payments due to them.
Photo: Freepik
The legal entity from Tyumen initiated the trial, but this is only the tip of the iceberg: many other counterparties also have financial claims against the holding. The total amount of claims accumulated in 2025 alone exceeded the mark of 1.4 billion rubles. The dry lines of the court registers conceal a systemic crisis of non-payments, which primarily affects employees and partners.
The company's path to its current status began in 2009 with work in the coal sector, after which the business switched to the construction of retail space. The successful delivery of a hypermarket of a well-known chain in Prokopyevsk has opened the floodgates for new orders. The holding's portfolio includes dozens of diverse facilities across the country, from industrial workshops to strategic infrastructure projects.
The projects of recent years have looked particularly ambitious: the construction of an air harbor in Tomsk and the construction of a giant lithium battery factory in the Kaliningrad region. Investments in the latter facility were estimated in the tens of billions. At first glance, 2024 was a successful year: revenue reached 16 billion, and net profit amounted to 1.3 billion rubles. But it was during this period, according to analysts, that internal imbalances began to accumulate, leading to the collapse.
Wage delays have become a wake-up call. Labor inspections and the prosecutor's office recorded multimillion-dollar debts to workers. The situation reached the point of absurdity: the construction workers could not leave the watch due to lack of funds for tickets. This attracted the attention of the investigators, who initiated criminal proceedings on the fact of unpaid wages. At the same time, debts to fiscal authorities, landlords and suppliers were growing. By the end of 2025, tax arrears were in the hundreds of millions, and many construction projects were frozen.
The expert community attributes the collapse of Novolex to excessive ambition. The holding company got involved in the simultaneous implementation of too expensive projects that require a huge amount of working capital. The situation was aggravated by the jump in prices for building materials and the tightening of monetary policy, which made debt financing prohibitively expensive.
Now that the arbitration has already launched the bankruptcy mechanism, the creditors' chances of fully satisfying the claims are fading. If large banks and state corporations are included in the register, ordinary employees who were the first to feel the effects of the crisis risk being left at the very end of the queue to receive the payments due to them.
Photo: Freepik
19.02.2026
