MOSCOW, Mar 25 (PRIME) -- The Russian Union of Industrialists and Entrepreneurs expects mass bankruptcies in three to six months due to the epidemic of coronavirus, the organization said in a statement seen by PRIME late on Tuesday.
"The peak of bankruptcy growth can be expected in three to six months due to a decline in combined demand for products of a large number of companies," the union said.
According to the report, 288 companies received bankruptcy notifications the last seven days after 224 in the previous seven-day period.
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