Hints and tips:
...to the Central Bank of Russia — do not prevent payments to bondholders....
...All of the banks did not comment....
...But banks, insurers, refiners and shipping companies are still avoiding Russia’s oil, including its flagship Urals grade, to reduce legal or reputational risk....
...The unprecedented sweep of western sanctions over President Vladimir Putin’s war in Ukraine is forcing Russia into what the central bank said would be a painful “structural transformation” of its economy...
...corporates are trying to keep things as normal and friendly as possible with creditors, perhaps there’s a gentleman’s agreement [to continue paying],” said Charles-Henry Monchau, chief investment officer at Syz Bank...
...The UK has also imposed sanctions on Anna Tsivileva, president of the Russian coal mining company JSC Kolmar Group, who is Putin’s first cousin once removed....
...An FT investigation into bank financing of fossil fuel projects this week revealed that BNY’s Australian subsidiary, BTA Institutional Services, was preparing to work with Adani on the Carmichael project...
...In 2015-16 UKEF underwrote an £82mn loan to JSC Lebedinsky, a Russian mining company owned by Alisher Usmanov, who is on the UK sanctions list....
...Yet at the same time, BNY’s Australian subsidiary, BTA Institutional Services, was preparing to finance Adani Group’s Carmichael coal mine in Queensland, one of the world’s most controversial new fossil...
...It said last week that its advisers for this included JPMorgan and Deutsche Bank....
...EU EU-based companies are banned from exporting technology to Russian weapons maker JSC Kalashnikov, among others, as well as pharmaceutical companies, military communications units and shipyards....
...The Kazakh authorities accused him of looting the bank he owned, BTA, triggering a legal fight in the UK courts....
...Sibur began talks with banks over a public offering in 2018 but suspended the process amid rising investor unease over Russian equities because of souring relations with western countries....
...The most recent article from last month contained misleading comparisons to other cases, including that of Mukhtar Ablyazov, the former chairman of Kazakhstan’s BTA Bank....
...Mukhtar Ablyazov, the former chairman of Kazakhstan’s BTA Bank, was given a 22-month jail term in 2012 after the lender alleged he breached a court order freezing his assets and failed to disclose assets...
...Investment banks Deutsche Bank, JPMorgan and JSC Halyk Finance were global co-ordinators on the deal, while Renaissance Capital was the bookrunner....
...I don’t see any of them surviving as entities on their own; they will survive as part of state-owned companies,” said Jochen Siebert, of consultancy JSC Automotive....
...Sales of used cars have been biting into sales of low-end cars priced below Rmb150,000, said Jochen Siebert of consultancy JSC Automotive....
Investment vehicle’s decision to buy and store uranium has triggered a rare rally
...The loans are seen as a major systemic risk to the economy, and the central bank and policymakers have encouraged banks to consolidate in an effort to strengthen the sector and boost balance sheets....
...On Monday, the FT reported that EN+ had hired Rothschild, the investment bank, to sell down Mr Deripaska’s stake....
...“Their problem is really the model cycle, the majority of their cars are in year five or six, that’s when the sales drop rapidly,” said Jochen Siebert of consultancy JSC Automotive....
...Halyk Bank said on Friday that its board of directors had agreed to integrate the lender with Kazkommertsbank, in a move that will create a massive single bank with roughly 40 per cent market share, four...
...The high number of Kazakh litigants can be explained by the continuing complex litigation brought by Kazakh’s BTA Bank to recover assets from Mukhtar Ablyazov, the former Kazakh bank executive and his associates...
...The final niggles holding up the deal are understood to involve the exact procedure for a $7.5bn government bailout and ringfencing in a state-run “bad bank” for BTA, a troubled lender bought by Kazkommertsbank...
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