
Russia's Only Domestic TV Manufacturer Declared Bankrupt
Russia's sole officially recognized manufacturer of domestically produced televisions has been declared bankrupt. This development highlights challenges in Russia's domestic electronics industry.
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Russia’s Only Domestic TV Maker Declared Bankrupt
Consumer electronics retailer DNS filed a bankruptcy petition against the manufacturer, Kvant, last June over an unpaid debt of more than $8 million.
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A Moscow arbitration court has declared Kvant LLC — the legal entity behind the television-manufacturing Kvant group of companies — bankrupt, the Russian business daily Kommersant reported, citing court records.
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