ELECTRICITY REDUCED FOR MANUFACTURER OF PONTON FOR THE KURSK

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Nezavisimaya Gazeta, June 2, 2001, p. 1

The stock company Arkhenergo has started to reduce electricity deliveries to Sevmashpredpriyatie, a company currently engaged in manufacturing a ponton for the submarine Kursk. According to PR Department of Arkhenergo Andrei Trapeznikov, the debt of Sevmashpredpriyatie to the Arkhangelsk energy system totals 250 million rubles. Trapeznikov has said that Sevmashpredpriyatie refuses to pay its debt referring to absence of money, whereas any bank would give it a credit against the state’s guarantees, since it is fulfilling the state’s order on manufacturing pontons.

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