At the height of the financial and economic crisis in 2008, as the construction sector experienced severe liquidity shortage, Baltisky Bank, one of Stroymontazh's creditors, raised interest rates on its existing loans several times and then requested immediate repayment before their maturity date.
In 2010 the court granted Stroymontazh's application for bankruptcy, the company entered into bankruptcy administration and Kirilenko resigned as company president.