{"id":2455,"date":"2023-08-23T21:38:00","date_gmt":"2023-08-23T18:38:00","guid":{"rendered":"https:\/\/api.pozirk.online\/?post_type=articles&#038;p=2455"},"modified":"2026-03-09T20:10:49","modified_gmt":"2026-03-09T20:10:49","slug":"belarus-dairy-plant-defaults-on-bonds-after-ban-in-russia","status":"publish","type":"articles","link":"https:\/\/pozirk.online\/en\/news\/2455\/","title":{"rendered":"Belarus&#8217; dairy plant defaults on bonds after ban in Russia"},"content":{"rendered":"\n<p><strong>August 23,&nbsp;<em>BPN.<\/em><\/strong>&nbsp;The Ministry of Finance has confirmed the default on bonds issued by the Tura\u016d Dairy Industrial Complex, Homiel region.<\/p>\n\n\n\n<p>The plant was supposed to redeem the bonds on August 9, but the bondholders received only the interest,&nbsp;not the principal amount.<\/p>\n\n\n\n<p>One day later, the company claimed that the situation was mainly caused by financial difficulties related to a ban on the supply and transit of its products across Russia from April 12 to July 11. This market accounted for 75 percent of the company&#8217;s total sales before the ban.<\/p>\n\n\n\n<p>Russia&#8217;s agriculture watchdog Rosselkhoznadzor imposed it citing inadequate cheese quality as the reason.<\/p>\n\n\n\n<p>&#8220;At present, the plant is restoring its sales in Russia to previous volumes,&#8221; the management said in a statement.<\/p>\n\n\n\n<p>Payments on the bonds will be made by September 1 to individuals and by April 1 to a major investor and other holders, it added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>August 23,&nbsp;BPN.&nbsp;The Ministry of Finance has confirmed the default on bonds issued by the Tura\u016d Dairy Industrial Complex, Homiel region. The plant was supposed to redeem the bonds on August 9, but the bondholders received only the interest,&nbsp;not the principal amount. One day later, the company claimed that the situation was mainly caused by financial [&hellip;]<\/p>\n","protected":false},"author":83,"featured_media":0,"template":"","rubric":[17],"class_list":["post-2455","articles","type-articles","status-publish","hentry","rubric-economy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Belarus&#039; dairy plant defaults on bonds after ban in Russia | Pozirk<\/title>\n<meta name=\"description\" content=\"August 23,&nbsp;BPN.&nbsp;The Ministry of Finance has confirmed the default on bonds issued by the Tura\u016d Dairy Industrial Complex, Homiel region. 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