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

... construction of multi-apartment residential buildings in the country declared insolvency. In total, 165 buildings, the useful area of which is more than 1 million square meters, remained unfinished. As a result, the growth in the number of bankrupt developers amounted to 14% compared to the data of 2020, while the volume of their construction projects increased by 4%. According to Kommersant, citing information provided by RACC (Rating Agency of the Construction Complex), the insolvency procedures ...

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