“B”: group “Renova” requests support from the state after popadanie under U.S. sanctions

MOSCOW, may 3. /TASS/. The group “Renova” Viktor Vekselberg, included in the sanctions list of the USA, has sent the government a list of support measures of their assets, the newspaper “Kommersant” with reference to sources.

Renova requests of refinancing the banks of Western loans by €820 million bail 26.5% of shares of “RUSAL” without reference to the market price of securities of the aluminum company, “not reflecting their fundamental value”, and also assistance in refinancing loans and bonds of group companies in the amount of 300 billion rubles (subsidizing interest rates and state guarantees), if these companies will distribute the “secondary sanctions” and they will not be able to service the debt, the newspaper said. The company also proposes to allow the Metcombank to lend to the company “Renova” without taking into account the ratio N6 of the Central Bank on the risks.

In addition, the group Vekselberg sought assistance and preferential treatment in obtaining government contracts for its industrial and real estate assets and various customs privileges. Among the latter, in particular, prohibitive import duties for competitors novocheboksarskaya “Khimprom” and zero for raw materials for the plant, duties on power equipment competitors Ural turbine works, as well as to support “Baikal holding company” – a complete prohibition of imports of beverages and water. The rates of “Airports of regions” pay “risk Premia investing” in a company under sanctions at the 5% level.

Currently, the list of measures for the support of the “Renova” consider the relevant ministries, who, like the group itself and its group companies, declined to comment.

The source of “Kommersant” believes that “the support will be aimed primarily at preserving jobs in companies targeted by the sanctions or closely connected with them.” According to him, Renova may receive support in the form of working capital and other liquidity as well as through purchases by state agencies, Gohran and the state Reserve, and “measures of tariff and customs regulation, if will be involved, in the least.”