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Russian processor on verge of bankruptcy over $62m debt

St. Petersburg-based ROK-1 has been struggling to secure raw material due to the consequences of the war and is unable to service its debt of RUB 3.8bn, or $62m

By Undercurrent News | Oct. 27, 2022 10:33 BST
Alexander Starobinsky, the general director and main shareholder of Russian processor ROK-1. Credit: Rutube video
Alexander Starobinsky, the general director and main shareholder of Russian processor ROK-1. Credit: Rutube video
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A debt-laden Russian seafood processor is facing bankruptcy, with the impact of the Russian invasion of Ukraine coming after the COVID pandemic, according to local media reports [...]

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