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Investment and construction company of Yamal went bankrupt

The Arbitration Court declared the insolvency of the ‘ISK YANAO’ company from Salekhard. The company, which is 90% owned by the city authorities, turned out to be in debt to the tax authorities in the amount of 3.7 million rubles. The investment and construction company owes more than 12 million rubles of penalties to the Yamalo-Nenets Autonomous District Housing Fund. The bankruptcy process, initiated about a year ago by the Federal Tax Service, led to the introduction of external management at the enterprise in February 2021. However, it was not possible to cope with the crisis situation this year. As a result, the amount ...

91 real estate developers went bankrupt in Russia over the first five months of 2021

91 organizations that were engaged in construction of multi-apartment residential buildings in the country declared insolvency. In total, 165 buildings, the useful ... ... investors using a scheme that was in effect before the mandatory introduction of escrow accounts. Moreover, firms that filed for bankruptcy account for a little more than 1% in the total volume of housing being built in Russia by the beginning of the summer ...

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