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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. As noted in a statement of management, the company did not have time to withdraw two loans issued by the Russian bank VTB. In 2022, Brodosplit will celebrate its 100th anniversary. The 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 company was ...

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