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St. Petersburg manicure chain «Kistochki» caught up with default

A chain of manicure salons in St. Petersburg found itself in a difficult financial situation. The business turned out to be unable to redeem 75% of bonds in the amount of 30 million rubles. On May 12, the company announced that on June 2, 2022 (by the loan expiration date) it would not be able to pay the necessary amount off in full, but only in the amount of 10 million rubles. As for the rest of the debt, the firm is ready to restructure it, if the plan is supported by creditors. The issuer of...

74 countries are at risk of bankruptcy due to the pandemic

... capital markets to finance their response measures to the pandemic. Only 42 countries received $12.7 billion in aid, according to the Paris Club, which helped to coordinate the project along with the IMF and the World Bank. Sri Lanka is the closest to bankruptcy, according to experts. S&P Global rating agency has recently warned of the country's risk of default in the very near future, downgrading its sovereign bond rating. The deepening financial and humanitarian crisis, caused by the loss of tourism and high government spending, the need for huge debt repayments to China, led to unprecedented inflation ...

Will Rusnano file for bankruptcy ?

... November 19, Rusnano announced its debt obligations for 150 billion rubles. Shortly before that, the regulator temporarily suspended trading the company's bonds on the Moscow Stock Exchange. Now the experts are discussing whether Rusnano will face a default, but how the possible bankruptcy of a state corporation may affect the economic situation in the Russian Federation? Expert Marat Bashirov in his personal telegram channel calls Rusnano a virtual bankrupt. According to the political scientist, only the state treasury, financed ...

The United States is on the verge of debt default

The United States debt default may come in October if the Congress does not raise the national debt limit. Previously, the United States has not yet declared a default in such situations, which, according to some experts, could lead to serious consequences. A vote on a bill ...

Prime Minister of Lebanon: "The state has gone bankrupt…What a pity."

Lebanon became the first country in the world to go into default in 2022. But this bankruptcy is far from the first in the modern history of the republic. In 2020, Lebanon already defaulted, but now it has come to the Central Bank (Banque du Liban). Information about the insolvency of the republic was published by the Deputy Prime ...

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