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168 Hours: Nairit May Be Declared Bankrupt

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  • 168 Hours: Nairit May Be Declared Bankrupt

    168 HOURS: NAIRIT MAY BE DECLARED BANKRUPT

    Tuesday,
    July 02

    '168 Hours' paper writes citing its sources that the Armenian prime
    minister's brother, deputy director of Nairit Plant CJSC Ashot Sargsyan
    has resigned.

    "The resignation of Tigran Sargsyan's brother at a time when the
    Armenian government and Rosneft Company (Russia) should take a decision
    on Nairit and when the Moscow arbitration court examines the Interstate
    Bank's lawsuit against Nairit gives reason to think that there is
    nothing to do at the plant anymore. The Russian side has no intention
    to assume the plant's debt liabilities, the Armenia government has
    no buyers, and in all likelihood the Moscow arbitration court will
    declare it a bankrupt and sell as scrap metal," the newspaper said.

    TODAY, 13:34

    Aysor.am

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