11 Aug '08
In 2009-2011 Republic of Mordovia will receive $183m in federal funds to balance the budget which is sustaining losses following YUKOS' bankruptcy, Kommersant reported.
Fargoil, Yukos-M and Ratmir are YUKOS' three subsidiaries registered in Mordovia that have gone bust.
Apart from Mordovia, similar state support will be provided for Kamchatka Region ($171.2m), Republic of Chechnya ($687.4m) and Chukotka Autonomous District ($82.2m).