Independent journal on economy and transport policy
14:54 GMT+2
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The Brodosplit shipyard has filed an application to initiate pre-bankruptcy proceedings
Sanctions against Russia have blocked a loan of 60 million euros
May 9, 2022
g src="/images/iMinizionotizia.gif" width="70" height="17" border="0" style="vertical-align: middle;">The Brodosplit shipyard has submitted an application for start-up of the pre-bankruptcy procedure at the commercial court of Split, court where proceedings have also been initiated bankruptcy for several companies of the navalmeccanica company which is part of the Croatian steel group DIV. According to what reported by croatian media, the financial difficulties of Brodosplit would have been exacerbated by the impossibility of obtain the full amount of the eur 60 million loan granted by the Russian bank VTB due to the sanctions imposed on the Russia for the invasion of Ukraine, money needed to finance the completion of two ships under construction in the plant of Split.
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