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Bankruptcy moratorium turned out to be unnecessary for Ural industrialists

... as “SUENKO” (Siberian-Ural Energy Company), “UOTK” (Ural Oil Transportation Company), “NLMK-Ural” and many others. The moratorium, introduced until October 1, 2022, was intended to help Russian businesses overcome the economic situation caused by the sanctions of a number of foreign countries. Creditors in this situation are deprived of the opportunity to file bankruptcy petitions against debtors, but no one prevents people with debts from declaring their own bankruptcy. For the enterprises in the ...

Six-month bankruptcy moratorium will be introduced in Russia

Russian government is developing plans on how to support the country's economy in the current geopolitical circumstances. One of the measures in connection with the imposed sanctions may be a temporary ban on creditors to initiate bankruptcy cases. According to Izvestia, the moratorium may last up to six months. In the non-final version of the plan, developed by the executive branch and received by media outlet, we are ...

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