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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, ... ... company's management expected €120 million from a 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, two ships were already being built on the ...

Nord Stream II preparing for bankruptcy

The operator of the Nord Stream 2 project is about to declare bankruptcy in a few days. The company was in a state of collapse against the backdrop of Western sanctions and a Russian special operation that unfolded on the territory of Ukraine. It is reported that the application will be submitted to the Swiss court of Zug, which is competent to consider this issue. An application to the document should be ...

Foreign companies that are currently leaving Russia to be urgently driven to bankruptcy

... Russian market . Some companies have suspended their activities. Many cite currency volatility, difficulties in banking due to sanctions, and risks associated with logistics. According to Andrey Belousov, the First Deputy Prime Minister of the Russian ... ... that has closed production in Russia and fired employees faces the risk of getting in the list of companies, urgently driven to bankruptcy. According to Belousov, maintaining the level of employment of citizens and their material well-being remains a priority ...

European Central Bank predicts bankruptcy of Sberbank Europe

The European financial regulator has published information about the possible bankruptcy of the financial group Sberbank Europe AG. Its head office is located in Austria, and two subsidiaries operate in ... ... published. We should recall that the consequence of the start of Russian special operation in Ukraine was the introduction of sanctions against Sberbank and its subsidiaries by the United States. The credit institution was included in the CAPTA register,...

Russian air cargo carriers may go bankrupt

... the main markets where Russian carriers flew. Not only aircraft, but also the cargo they delivered to Russia fell under the sanctions. Among them, there are equipment for energetics, space exploration, development of shipbuilding. Experts note that Southeast ... ... painlessly allow it to stay afloat. Without financial support from the state, companies in such a situation are threatened with bankruptcy. At the same time, consumers may not feel the full depth of the current problem, since cargoes will continue to arrive ...

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