The number of legal entities declared bankrupt in the Russian Federation in the first two months of 2024 increased by almost 60 percent compared to the same period last year. This was reported by “Kommersant”.
In Russia, 571 companies went bankrupt in January and 771 in February. In 2023, 364 and 478 companies went bankrupt, respectively. Thus, the increase for January 2024 was approximately 57% and for February 61%.
It was noted that the number of corporate bankruptcies in the country started to increase for the first time since 2021. According to lawyers, the effect of last year’s moratorium on insolvencies has worn off and an increase in the number of companies going bankrupt should now be expected. The Supreme Court’s proposal to increase the debt limit to 300 thousand rubles could have limited this. up to 2 million rubles. However, both the authorities and the legal community consider this idea controversial.
Supreme Court of the Russian Federation in February allowed Bankrupt foreign legal entities with “close connections” to Russia.
Before that the Ministry of Finance of the Russian Federation statedEven bankrupt companies will have to pay excess profits tax.
former senior manager of Gazprom reputed bankrupt.