16 Sep 2009 17:09

Arctic Sea owner declares bankruptcy

MOSCOW. Sept 16 (Interfax) - The Solchart company, the owner of the dry cargo carrier Arctic Sea, has declared itself bankrupt because of the poorly coordinated measures taken by investigators of Russian prosecutors' Investigative Committee, the company's director Viktor Matveyev said on Wednesday.

"Money needs to be found to continue using the vessel, to bring it back to proper working condition, to provide it with everything necessary, as well as to pay back our creditors," Matveyev said.