The owners of one of Russia's largest ice cream manufacturers are liquidating the company due to billions in debt
The owners of one of the largest ice cream manufacturers in the Russian Federation—the "Russky Kholod" holding company—have officially initiated proceedings for the company’s complete liquidation due to its inability to service its debt obligations.
According to the published documents, the owners’ decision applies to absolutely all legal entities within the holding, and the liquidation process is expected to be completed within the next 18 months.
The well-known Russian manufacturer’s critical financial problems came to light in May 2026, when the holding’s management suddenly decided to suspend all shipments of finished products to commercial partners and launched a large-scale internal audit.
Igor Arkhipov, CEO of Russky Kholod, openly stated that the company was facing an acute shortage of working capital to sustain its operations and was experiencing serious difficulties in paying interest.
The deterioration of the economic situation in the aggressor country has led to the de facto bankruptcy of a major player in the food market.
According to official data from the SPARK analytical system, the total debt on loans of the four key companies comprising this industrial group exceeded the psychological threshold of 12.5 billion rubles as early as 2025.
The main creditors and holders of the loss-making holding’s debt are Russia’s largest financial institutions.
Among them are the sanctioned Sberbank, T-Bank, Alfa-Bank, Ozon-Bank, and Bank Rossiya, which will now attempt to recover at least part of the funds they lent through the sale of the debtor’s assets.
This is reported by The Moscow Times.
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