#AceWorldNews Kommersant publishing house is closing the Kommersant-Ukraine paper, Director General Pavel Filenkov told Itar-Tass.
“We have decided to suspend Kommersant-Ukraine until the moment when the situation stabilizes. But I do not exclude this moment may never come – the paper had economic problems before, and they are still there,” said Filenkov.
The paper was mainly sponsored by banks and car manufacturers, he added, but as the crisis broke out in Ukraine the media “became not only prospectless but hopeless”.
The paper’s cash assets still available would be used to pay wages, and there would be no payment arrears for about 100 employees of the paper, said Filenkov.
The question is now under consideration about how many journalists will work in Ukraine for the Russian paper.