Russia’s largest fish processing plant is facing the threat of bankruptcy and has been forced to lay off employees after defaulting on a RUB 3.8 billion (€63.5 million/$62.1 million) loan, according to Russian news agency TASS.

Alexander Starobinsky, director of St. Petersburg-based ROK No.1, told TASS that only a small group of employees remains at the company.

ROK No.1