News
Publish date: October 30, 1998
Written by: Thomas Nilsen
News
Three weeks ago, Leningrad nuclear power plant was sued by the company Rosvooruzheniye KBR, which holds two million roubles in promissory notes issued the nuclear power plant. The Arbitrage Court of St. Petersburg agreed to open the bankruptcy case, but on Thursday October 29, the court said they need a financial analysis before they can continue with the court hearings.
According to St. Petersburg Times, the law firm Grigoryev & Co, which represent Leningrad nuclear power plant, says the economical analysis could take up to three months. The law firm said that the nuclear power plant’s balance of claims and liabilities is positive. The plant has a debt receivable of 3,9 billion roubles ($224 million) and accounts payable of 3,8 billion roubles effective August 1.
"The bankruptcy of Leningrad nuclear power plant, which slowly pays off its debt, would be unfavourable for both the company and its creditors," said Aleksandr Gregoryev, representative of the law firm on behalf of the nuclear power plant.
An accident aboard numerous Volgoneft oil tankers in the Kerch in mid December clearly show what can happen to aged ships when they are operated in bad weather—and when economic and military objectives are prioritized over the lives of crews and environmental safety.
In this news digest, we monitor events that impact the environment in the Russian Arctic. Our focus lies in identifying the factors that contribute to pollution and climate change.
A survey of events in the field of nuclear and radiation safety relating to Russia and Ukraine.
A visit last week by Vladimir Putin and a Kremlin entourage to Astana, Kazakhstan sought in part to put Rosatom, Russia’s state nuclear corporation, on good footing with local officials.