Large Kamchatka producer of red caviar and fish may go bankrupt

Sberbank intends to file for bankruptcy of the Kamchatka fish processing plant (RPZ) Sokra. The credit institution posted a corresponding notice on April 17 on Fedresurs. The bank itself declined to comment. Socre did not respond to a request. Such notification is mandatory during the bankruptcy proceedings, says Alexandra Alfimova, Head of Bankruptcy and Restructuring Practice at Savina Legal. She adds that now the bank can apply to the court with a statement within 15 days.

RPZ “Sokra” specializes in the extraction and processing of aquatic biological resources. The company owns fishing quotas in 2023 of about 3,900 tons of flounder, 6,000 tons of pollock, 1,000 tons of cod, according to the Federal Agency for Fisheries. Sokra itself indicates that it produces more than 15,000 tons of products per year, including red fish and caviar. The company operates its own onshore plant as well as a fleet of nine vessels. The owner of a 51% stake in the company, according to the Unified State Register of Legal Entities, is the Kamchatka businessman Andrey Obedin, another 44% belongs to Sergey Andreev, and the remaining 5% belongs to Sberbank Investments.