The owners of Lithuanian Game Insight Group will pay off the debts of its Russian subsidiary firm

The owners of Lithuanian company Game Insight Group announced its intention to pay off €1,92M debts of its Russian subsidiary firm.

Earlier, Lithuanian Game Insight claimed that it could not pay off the debts because of the sanctions against Russia. Now the company is taking the advice of Lithuanian authorities on how to do it without breaking European Union sanctions.

Founded by Igor Matsanyuk and Alisa Chumachenko, Russian Game Insight was developing and supporting mobile games. Its portfolio consists of the games Paradise Island, Guns of Boom, and Cloud Raiders. In the summer of 2022, the company announced itself as bankrupt, and in the autumn of the same year, the arbitration court started bankruptcy proceedings against the game studio.

Founded in Vilnius in 2009, Lithuanian Game Insight Group develops games for social networks and mobile platforms. The company's owners are Cyprus Game Insight Holdings Limited and Sergey Avetikov. The Chairman of the Board is Igor Matsanyuk. In February 2023, the arbitration manager of Game Insight, the bankruptcy trustee Denis Kachura accused Lithuanian game company Game Insight Group of deliberate bankruptcy of its Russian subsidiary Game Insight, whose beneficiaries are Igor Matsanyuk, Mikhail Vintschel, and Grigory Finger. In addition, Denis Kachura noted that the Lithuanian company owed its Russian subsidiary €1,4M.