Interview 02 Oct 17

Agrokor Crisis May Give Russia ‘Balkan Breakthrough’

Russia may try to its use the huge debts that the failing Croatian giant owes it to mightily strengthen its presence in the Balkans, a Slovenian expert, Borut Suklje, told BIRN.

Milan Radonjic
Borut Suklje, a former Slovenian ambassador to Serbia and former Slovenian Interior Minister. Photo courtesy of Suklje

The drama over the collapse of Croatia’s once-mighty economic giant, Agrokor, seems far from over.

Verbal exchanges continue between its official owner, Ivica Todoric, the Croatian government, and the “extraordinary” management that the government imposed, which has run the company for the past few months.

Further twists in this crisis, which are expected, will likely have a major impact on Croatia’s politics as well as on its economy, experts agree.

Agrokor’s fate may also change the geostrategic picture of the entire region because through two of its banks, Sberbank and VTB bank, Russians were Agrokor's biggest creditors.

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