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US-linked Russian crab business hovers on brink of insolvency

A local tax authority was unsuccessful in its efforts to declare ZAO Tefida bankrupt, but courts are awaiting evidence that the crab firm can finance an insolvency procedure

By Sergei Blagov | July 2, 2024 10:47 BST
king crab portion, Credit:Masahiko Takeuchi/UCN
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A Russian tax authority has been unsuccessful in efforts to declare ZAO Tefida, a crab business with supposed links to the US, bankrupt [...]

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