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
A leading economist says Russia, Ukraine, and other East European countries have made significant progress in reforming their economies and embracing market principles
more »
Turkmenistan's president Saparmurat Niyazov and Gazprom's CEO Alexei Miller, who arrived in the Turkmen capital last night for a one-day visit, discussed the whole range of Turkmenistan's cooperation with Gazprom in the energy sphere
more »
On Friday, Gazprom CEO Alexei Miller and Citigroup Vice President Stanley Fisher discussed prospects for the two companies' cooperation
more »
BRITISH Airways is facing a "substantial" bill for "badly drafted" European Union (EU) regulations coming into force this week, which demand that airlines compensate passengers for flight delays and cancellations
more »
It will be possible to use the credits of «Zhilstroybank» (Kazakhstan) not only for purchase and building of the dwellings, but also for the repairing, exchange and modernization of apartments
more »
Sonera defendants deny deliberate violation of telecommunications privacy
more »
Ukrainian President Viktor Yushchenko is set to declare an “amnesty for capital” to make the economy more transparent
more »
Warsaw-based BRE Bank has suffered its largest ever quarterly loss, as its Q4 results were zł.385.9 million in the red
more »
The number of VISA credit cards in Russia reached around 16 million by the end of 2004, up from 9.4 million cards one year earlier
more »
Ukraine posted the highest economic growth among CIS nations in 2004, with GDP rising 12%, the CIS Interstate Statistical Committee said
more »