U.S. sanctions are pushing Russia toward an alliance with Iran, and top Russian officials do not want to believe that the crisis is over. Therefore, they continue to spend left and right at the expense of emission.
Boiler room
Cold War races East
Sad stuff is happening to Russian companies that are under US sanctions. Now the States can be prosecuted around the world for helping such poor people, and any bank can lose correspondent accounts in the US for transactions with Sber and VTB. Foreigners can also fall under sanctions, it will make no difference only to those who are not going to open accounts in the States and do not want to do business with American companies. The main feature of American justice is its inevitability. You can’t take it there and bring it in, solve the issue, so RT’s propaganda machine is now working against us.
This is a serious blow to Russian companies, access to high technology and access to international markets. US sanctions are structured in such a way that any European companies can fall under them, so Washington does not need consent and cooperation with the EU, it is now dominant. This promises only problems and further isolation for our business. TMK is shamefully fleeing the States, Sberbank is surrendering Europe, only Deripaska has managed to establish himself in London at the expense of Arabs and Chinese. I can imagine how they had to beg so that Olezhka could pay off the sanctioned Sber and VTB.
We have already written about how the conventional liberals in the person of the undecided Dvorkovich and Kirienko will try to persuade the president to soften his rhetoric on Ukraine, but so far we see a sharp turn to the East. Today’s mega deal in Iran for 30 billion pushes us in the direction of rogue states. Those are warm, dry and comfortable. But our source in the Foreign Ministry advises us not to be deceived – Iran does not like to pay in cash and tries to cheat every day. Even worse than the Chinese.
Banksta
1. In a terrible dream it was hard to imagine that the marginalized from finance, such as presidential advisor Sergei Glazyev or the crazy Tsargrad TV host Yuri Pronko, who criticize Nabiullina from morning till night and call Otkritie a pyramid scheme created with her help, are right.
2. VTB Deputy Chairman of VTB Herbert Moos may leave the bank. The departure of a CFO is always a bad sign. Most likely, the guy got scared of a new wave of sanctions or saw something terrible in the balance sheet. No one in the West will pay him that much, and only the special services need him. Although it is difficult to work in Russia too, for example, you have to be careful on high floors.
3. There is a crisis, but officials and state bankers do not stop living large. Ex-analyst of VTB and head of the Ministry of Economic Development Maxim Oreshkin wants to move with his ministry to work in a new office closer to his favorite VTB in Moscow City, and even in debt. The State Agency for Mortgage and Housing Lending (AHML) has borrowed money on the bond market, placing an issue for 10 billion rubles with a yield of 7.78%. The Ministry of Economic Development is helping the economy as best it can.
4. Bonds of the Chechen Moscow Industrial Bank, issue 01, have fallen to a price of 80%, yielding more than 25% per annum. Big adventures await him ahead.
Cello case
The family of Prosecutor General Yuri Chaika paid for a PR campaign against Ekaterina Krasnikhina, who is accused of embezzling 146 million rubles that belonged to the son of the head of the State Prosecutor’s Office. The Chaiks managed to get Krasnikhina taken into custody, but now the Tverskoy court has returned her to house arrest. The defendant is sure that billionaire Artem Chaika Jr. is trying to avoid paying his personal debts with the help of this case.
Hero of the day – socialite Ekaterina Puzikova. Earlier the court recognized that she poisoned the top manager of Rosselkhozbank Dmitry Puzikov with thallium, having served her husband and his friends the poison in mashed potatoes. The bank is headed by the son of Nikolai Patrushev, the former FSB director and head of the Security Council. Puzikova’s friends in the top RSHB management managed to get the verdict reconsidered. “We are happy,” her lawyer said.