Ruspetro: Moscow Court Declared the Oil Company Bankrupt
The Moscow Arbitration Court declared the oil company Ruspetro bankrupt and opened bankruptcy proceedings. Alexander Chistyakov is the chairman of the board of directors of the company.
The initial bankruptcy procedure – observation – was introduced by the court against the Tax Code in July 2020 at the request of the Trust Bank. The court then recognized the claim against the company in the amount of about 11.4 billion rubles as justified and included it in the register of creditors’ claims. Vladimir Sizov was approved as the interim manager.
JSC Ruspetro acted as a guarantor of its controlled company Inga LLC when it received loans from Trust under a credit line agreement dated November 14, 2014. Neither the borrower nor the guarantor fulfilled the obligations to return the funds.
As the court noted, introducing supervision, Ruspetro is not included in the list of taxpayers classified as the industries most affected by the coronavirus or as strategic or strategic organizations whose bankruptcy is subject to a temporary moratorium.
During the observation period, the court included in the register another requirement of the Trust – almost 367 million rubles. At the same time, the court refused the Inga company with demands for almost 19 billion rubles.
Ruspetro holds licenses for deposits in the Khanty-Mansiysk Autonomous Okrug. The company’s headquarters are located in London, offices are in Moscow and the Khanty-Mansi Autonomous Okrug, the shares were previously traded on the London Stock Exchange.
