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
Poland has received a dressing down from the European Commission
more »
First Asian targeted syndicated loan in history of Baltic banking signed by Parex banka
more »
UKRAINIAN GOVERNMENT WANTS TO CONTEST 3,000 PRIVATIZATIONS IN COURT
more »
The clients of five more banks from the HVB Group have been included in the FlashPayment system of money transfer enlarging the inter-bank network to a total of 19 banks in Bulgaria, Estonia, Latvia, Lithuanian, Russia and Ukraine
more »
Russia's antitrust authority signaled Tuesday that it might block a bid by German industrial giant Siemens to take a controlling stake in a strategic engineering company, citing national security concerns
more »
Raiffeisen Bank Polska (RBP) closed 2004 with a record net profit of zł.165.4 billion which is almost double the 2003 figure
more »
Polish bonds rose more than any other government-debt securities after a report showed inflation slowed the most since May
more »
The chambers of commerce and industry of Russia and Iran have created a Russia-Iran Business Council
more »
Bulgaria's government and government-guaranteed debt stood at EUR 7.95 B at the end of December 2004, with foreign debt accounting for 82.8% of it, the finance ministry announced
more »
Irish Prime Minister Bertie Ahern said yesterday that opening Ireland's job market to workers from Poland, when it joined the European Union on May 1 last year, has "worked out well" for both countries
more »