30.06.2018 - chase news

[Siliknovpep]

Under the sanctions billionaire Oleg Deripaska refused loans from Promsvyazbank, which the government offered him as support measures. The businessman considers the conditions for granting him financial assistance comparable to robbery, writes The Bell referring to a number of informed interlocutors - a federal official, a friend of Deripaska's and a source close to the bank.

One of the interlocutors explained that Deripaska, in a conversation with a high-ranking government official, "made it clear that he considers the proposed conditions predatory."

Recall, in early April, billionaires Oleg Deripaska and Viktor Vekselberg, as well as their companies were under US sanctions. This automatically complicated their relations with banks and settlements in dollars. Their accounts in the West were blocked, and the stock prices of their companies collapsed, resulting in a margin call on loans. So, Vekselberg had to pay extra to Western banks about two billion dollars as additional security.

Russian state-owned banks did not risk re-crediting billionaires who were under sanctions to themselves not to be in a similar situation. Then the authorities decided to sacrifice "Promsvyazbank", which until last year belonged to the brothers Ananyev. Right before the new year, the Central Bank decided to subject "Promsvyazbank" to sanation, and then made a supporting bank for the enterprises of the defense industry complex, which also suffered from sanctions. Because of this profile, "Promsvyazbank" sooner or later, too, may be in the sanctions lists.

It was in Promsvyazbank that Vekselberg's Renova company took almost two billion dollars to settle relations with Western creditors. The Finance Ministry stressed that the loan was issued on market terms. And according to the source of The Bell, the rate was "evil" (on the upper boundary of the market).

Similar financing terms were proposed by Promsvyazbank to Deripaska's companies - in particular the GAZ Group. However, Deripaska found the proposal unacceptable.

Let's add, against the background of the strengthening of American sanctions, Russian billionaires vying to ask the state for financial assistance. For example, Oleg Deripaska appealed to the government asking him to start buying out aluminum reserves from RusAl, which he can not sell, being cut off from the world's largest trading floors because of sanctions.

Even earlier, an extensive plan to save his business empire with the efforts of the state was prepared by Viktor Vekselberg. It was about refinancing loans for 820 million euros, bailed on 26.5% stake in "Rusal", a ban on the import of soda and mineral water.

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