Kandalaksha oil depot bankrupt?

The establishment has been beset by less than friendly takeovers and property disputes, and finally seems to be out of business. The last tanker was unloaded in August, and 302 employees of the facility haven’t seen any wages for months. The latest news is that the facility’s vehicles and some real estate are being sold by court order. Problems and opportunities go hand in hand, and I’m mentioning this for the benefit of serious business travellers. Although I’m skeptical about doing business in Russia in general, oil may be among very few real opportunities.

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