Ireland Liquidates Companies, Allocating Billions For Russian Banks

(MENAFN- UkrinForm) This was reported by the Foreign Intelligence Service of Ukraine according to Ukrinform.

The reason for this was that after the start of the full-scale invasion of Ukraine by the Russian Federation, local managers left the boards of directors en masse, leaving the companies without leadership.

This concerns, in particular, the following closed structures:

• VTB Eurasia, which placed $2.25 billion in bonds for the Russian state-owned VTB Bank;
• Transregional Capital, which lent to the private Russian bank Transcapitalbank, was included in the OFAC sanctions list.
• Sovcom Capital, the issuer of $600 million in bonds for the Russian Sovcombank;
• OIM ABS, a subsidiary of the Russian electronic payment system Qiwi Bank

The closure also affected infrastructure giants, including RZD Capital, created to finance the joint-stock company Russian Railways (RZD), which placed $6.7 billion in securities. The Russian state investment bank VEB also lost its Irish subsidiary: its VEB Finance raised $30 billion through bonds.

Read also: Russia's metallurgical and coal industries in deep crisis, FISU reports

As reported by Ukrinform, intelligence data indicate that there are signs of a liquidity crisis in the Russian banking system.

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