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SBERBANK TOOK OVER THE BANKRUPTCY OF THE CREATOR OF THE "SHOES OF RUSSIA"

... The profit of the firms belonging to the OR GROUP was about 40 billion rubles. The firm reported net revenue of 7.3 billion. However, after a couple of years, the situation has changed. In October 2022, Rusbankrot already wrote about the threats of bankruptcy of OR Group, which Fedresurs received shortly after the termination of the government moratorium. Three banking structures (VTB, Sberbank, Promsvyazbank) announced plans to apply to arbitration at that time. Banks were pushed to this step by the default on exchange-traded bonds that occurred in early 2022. On October 29, VTB applied to arbitration for bankruptcy of the founder ...

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