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Petropavlovsk enters into administration

19th July 2022

By: Reuters

  

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Petropavlovsk said on Monday a court has appointed Allister Manson, Trevor Binyon and Joanne Rolls of Opus Restructuring as administrators of the company.

The Russian gold miner had filed for administration as it has been struggling to repay loans owed to Gazprombank due to Western sanctions imposed on the Russian lender.

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Edited by Reuters

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