The company’s deputy chief predicts its financial collapse
Published:
7 September 2001 y., Friday
Russia's gas monopoly Gazprom, which used to earn up to a quarter of the federal budget revenues, is on the verge of default. Judging from a document on short-term and long-term aspects of the financial situation of Gazprom's group signed by its Deputy Chief Sergei Dubinin, the company is facing the same problems as the Russian financial system did on the eve of the 1998 default. The company's budget is too small to allow it to handle all its credits independently. Borrowing new debts is the only way for Gazprom to save itself from total collapse and to avoid all the ensuing consequences for itself and the state.
Šaltinis:
therussianissues.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Iran, Ukraine discuss transit of Iranian natural gas to Europe
more »
Russia and Slovakia have doubled their bilateral trade turnover in the past five years, reports the Russian Economic Development & Trade Ministry
more »
Workers on a plateau in western Slovakia are finishing PSA Peugeot Citroen's new 700 million-euro ($921 million) plant
more »
Armenia will build a second highway leading to Iran which will allow for a sizable increase in cargo traffic between the two neighboring countries
more »
Turkey and Ukraine are to join the agreement on the international transport corridor North-South
more »
South Korea central bank may fill reserves with other currencies, others thought to follow suit
more »
Indian petroleum minister Mani Shankar Aiyar is expected to arrive in Russia today for a two-day visit
more »
India has sought stakes in four Kazakhstan oilfields, including the giant Kashagan and Kurmangazy oilfields
more »
The European Union is talking with oil producers in the hope of persuading them to raise production and reduce oil costs
more »
Ryanair prepares for landing in Poland, hints at future CEE hub
more »