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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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