Insolvency proceedings begin for Russia’s Yaroslavl Shipyard

Russian news outlet Kommersant reports that a court of arbitration in the Yaroslavl region of Russia has begun insolvency proceedings against local company Yaroslavl Shipyard (YaSZ). Court documents stated that the proceedings against YaSZ were filed after the company incurred debt totalling RUB14.4 million (US$190,000) from its failure to pay Nakhodka Ship Repair Yard (NSRY)…

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