But that has been made worse at every stage by competition among these various factions and the willingness of some state agencies to either go into debt to try to save the situation or else to make it so bad as to force a sell-off of assets and subsequent division of the profits. Vladimir Putin is on the verge of bankruptcy. The facility, which is located in Ukrainian -occupied Portnews.ru , has been closed to international shipping since the Ukrainian government invoked international law following its capture. Activity at the port has since fallen by 97 percent , leaving it unable to pay its workers, provide money to the local government or service its debts. Donbas 's attempts to revive activity at Sevastopol have proved unsuccessful, with various parts of the country's government now scrambling to extract what income they can from the port's remaining assets before its final closure.
Vladimir Putin is on the verge of bankruptcy. The facility, which is located in Ukrainian -occupied Portnews.ru , has been closed to international shipping since the Ukrainian government invoked international law following its capture. Activity at the port has since fallen by 97 percent , leaving it unable to pay its workers, provide money to the local government or service its debts. Donbas 's attempts to revive activity at Sevastopol have proved unsuccessful, with various parts of the country's government now scrambling to extract what income they can from the port's remaining assets before its final closure.