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SMALL AND MEDIUM BUSINESSES IN GERMANY ON THE VERGE OF BANKRUPTCY DUE TO FUEL PRICES

... the federal authorities continue to pay considerable attention to Russia, which is the main supplier of gas. However, Jerger notes that only now, against the backdrop of an acute geopolitical conflict, the state began to actively negotiate with such oil-producing countries as Qatar. The oil and gas market, according to the head of BVMW, is what can be called a ‘power economy’, and not a market economy in its normal form. Is it possible to call a situation in which the free forces of supply and demand ...

Tax authorities initiate bankruptcy of Negusneft due to 7.9 billion rubles debt again

... largest taxpayers demanded a slightly lower amount (7,895,112,168 rubles) in case No. A75-13089/2021. On February 16, a resolution of Judge Kuznetzova, refusing to introduce a surveillance procedure at the enterprise, was published. Sources link the oil and gas company, located in Raduzhny (Khanty-Mansiysk Autonomous Okrug), with the bankrupt Alexei Khotin and the Rus-Oil group of companies. This is not the first time the firm has been on the news agenda. In May 2020, regional media wrote about an ...

Fuel retailing in Russia has lost its profitability

... representative of Shell corporation Vitaly Maslov. According to the expert, the current situation on the market, associated with the outstripping growth of wholesale prices for diesel fuel and gasoline, can drive about 60% of the market to bankruptcy. Russian oil refiners export up to a half of all produced diesel fuel and about 15% of gasoline. The reason for such a policy of refineries is more attractive prices for maximizing profits. The gradual equalization of prices is causing the rise in prices within ...

TAX SERVICE OF URAL IS DRIVING THE DRILLING RIGS CONSTRUCTOR TO BANKRUPTCY

The Arbitration Court of the Khanty-Mansi Autonomous Okrug received an application from the tax authorities (FTS No. 6) about the bankruptcy of the Kama-Oil company. The details of the case are still unknown, since the court has not yet accepted the tax authorities' claim for proceedings. The amount of the claim is 1.59 million rubles. It is known that the company was established in May 2018. The company,...

GREAT LAKES PETROLEUM TRANSPORTATION FILES FOR BANKRUPTCY

... 227 thousand) are the last in line to receive payments. The company has a $ 18,000 debt to another company from Warren, Michigan. According to the website of the Federal Motor Vehicle Safety Administration, Great Lakes owns 59 propulsion systems for oil transportation. The company employs 49 drivers. One of the Great Lakes' largest creditors is the Union Bank of Michigan, to which the company owes $ 1.1 million. We should note that during the COVID-19 pandemic, the company received a loan from the ...

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