News
05.04.2014
Russia’s central bank put Moskomprivatbank under temporary administration last month to prevent its bankruptcy, but some analysts said it was aimed at punishing Ukraine’s new rulers for pursuing closer ties to the West. Moscow denies the charge.
Privatbank, Ukraine’s largest bank, said its subsidiary had faced unwarranted political pressure, suggesting it was a victim of the standoff between Moscow and Kiev which resulted in Russia annexing Crimea.
Privatbank is part of Privat group, co-owned by Igor Kolomoisky, called “a unique imposter” by President Vladimir Putin last month when the businessman was appointed governor of Ukraine’s Dnipropetrovsk region.
Binbank’s co-owner, Mikail Shishkanov, said the Ukrainian side would be happy with the deal.
“It is an absolutely friendly, normal business deal ... in any case the Ukrainian partners will be satisfied,” he told journalists, adding the deal should be closed in two weeks.
Privatbank said in a statement the Russian authorities had made it difficult to operate. “Despite the unprecedented political pressure on Moskomprivatbank from the Russian authorities, effectively blocking bank checks and the unreasonable imposition of temporary administration, the bank continued to work and fulfilled all its obligations to customers,” it said.
Russia Binbank to take over Ukrainian unit
MOSCOW: Russian lender Binbank said yesterday it could buy the Moscow subsidiary of Ukraine’s Privatbank in two weeks from its Ukrainian owners who say they were under political pressure to sell.Russia’s central bank put Moskomprivatbank under temporary administration last month to prevent its bankruptcy, but some analysts said it was aimed at punishing Ukraine’s new rulers for pursuing closer ties to the West. Moscow denies the charge.
Privatbank, Ukraine’s largest bank, said its subsidiary had faced unwarranted political pressure, suggesting it was a victim of the standoff between Moscow and Kiev which resulted in Russia annexing Crimea.
Privatbank is part of Privat group, co-owned by Igor Kolomoisky, called “a unique imposter” by President Vladimir Putin last month when the businessman was appointed governor of Ukraine’s Dnipropetrovsk region.
Binbank’s co-owner, Mikail Shishkanov, said the Ukrainian side would be happy with the deal.
“It is an absolutely friendly, normal business deal ... in any case the Ukrainian partners will be satisfied,” he told journalists, adding the deal should be closed in two weeks.
Privatbank said in a statement the Russian authorities had made it difficult to operate. “Despite the unprecedented political pressure on Moskomprivatbank from the Russian authorities, effectively blocking bank checks and the unreasonable imposition of temporary administration, the bank continued to work and fulfilled all its obligations to customers,” it said.
About
Consul & Rubicon, Law firm LLC was founded by the attorneys at law & consultants & trustees in bankruptcy practicing in the field of insolvency & restructuring and liquidation of enterprises in 30 May, 2006 (the main state registration number 1063435051107, taxpayer identification number 3435078350, code of tax registration's reason 343501001, location is Russian Federation, Volgograd oblast (former name Stalingrad), city Volzhsky, Lenin prospectus, Building 20, office 11 (Office Center "Staraya Ploshchad"), 404130). During 13 years the companie's specialization is liquidation and bankruptcy of enterprises. The contact person is Dmitry Zipunnikov, attorney at law since 2008 & trustee in bankruptcy since 2011. Please, feel free to phone +79023627056 or send e-mail konrub@bk.ru or WhatsApp calling +7-902-362-70-56. Time zone of our location is Volgograd time (UTC+4).