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Croatia’s largest shipyard goes bankrupt due to sanctions against VTB

Brodosplit Shipyard has begun preliminary bankruptcy proceedings. The firm applied to the Economic Court of Split on 27 April.... ... company emerged from the merger of several companies in the region, turning into a large Croatian shipyard. Until 2013, the government was the owner of the plant. Later, the... ... Russian credit institution. In April 2022, the situation was complicated by the EU sanctions against VTB, which were joined by the Croatian authorities. By this time,...

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