Russians Put Agribusiness Investment On Hold As Credit Crisis Bites
Razgulay, one of Russia's largest agribusiness companies, has frozen $191.9 million of investment projects due to the financial crisis, the firm's president said on Tuesday.
The company has revised plans to upgrade six sugar refineries, and put on hold plans to build five grain elevators, the firm's president said.
He added the company was no longer examining plans of participating in a project of building a deep water terminal at the Black Sea ports of Novorossiisk or Tuapse.
The company has revised plans to upgrade six sugar refineries, and put on hold plans to build five grain elevators, the firm's president said.
He added the company was no longer examining plans of participating in a project of building a deep water terminal at the Black Sea ports of Novorossiisk or Tuapse.
