The Trassa gas station chain has shut down ahead of a Russian state takeover later this week, The Moscow Times reported.
EuroTrans, which operated 57 Trassa petrol stations in the Moscow region, defaulted on its bonds in September. As a result, state-owned Sberbank filed a petition to initiate bankruptcy proceedings against the company.
That same month, several EuroTrans executives and senior police officers were arrested on charges of stealing fuel intended for police vehicles.
On Sunday, the Moscow Region’s Energy Ministry confirmed to the Interfax news agency that the takeover of Trassa’s assets was underway. Around 1,400 employees have been placed on furlough.
