Russian-linked shipyard in Finland asked to be declared bankrupt

The Finnish shipyard, which was previously associated with the co-owners of the Russian cruise shipping company Vodokhod, Helsinki Shipyard, is asked to be declared bankrupt, Tekniikka & Talous reports.
“Merima filed an application with the Helsinki District Court, dated September 6, to declare Helsinki Shipyard bankrupt. Merima, which produces turnkey ship interiors, has so far declined to comment to the media.
According to the publication, Helsinki Shipyard belongs to the Cypriot company Algador Holdings, the main owner of which is Vladimir Kasyanenko.
Shipyard CEO Simo Rastas said earlier in August that the company was in the process of being sold to a new owner.

Arctech Helsinki Shipyard was previously 100% owned by USC, which is under EU and US sanctions. In May 2020, the corporation sold this shipyard, called Helsinki Shipyard Oy, to the co-owners of Vodokhod. USC received Nevsky Shipyard and 35 million euros as part of the deal. The former Deputy Minister of Transport of the Russian Federation and the former head of Rosmorrechflot Viktor Olersky became the Chairman of the Board of Helsinki Shipyard.