VEB wants to put Ammoni on watch
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Vnesheconombank (VEB) is filing a request for arbitration with the Tatarstan Arbitration Court for introduction of a monitoring procedure at the Ammoni plant (the city of Mendeleevsk) to restore the solvency of the enterprise.
It is noted that “the main shareholders are Tatammoniy (46.4%), VEB (20%) and Investment and Venture Fund of the Republic of Tatarstan (33.6%).”
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It is alarming to see these developments in California. As a vineyard grower, I have faced significant challenges this year, with fertilizer costs rising sharply while market conditions have made it difficult to sell the harvest.
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