Category Archives: Business

The Ministry cleared the tax on extraction of tin and rare earth metals

Photo: Victor Vonog / TASS

The Ministry is discussing with the authorities the extension of the zero rate of severance tax on the extraction of tin and removing the tax burden from the extraction of rare earth metals. For Russia’s only producer of tin — company “Rosolova” is able to complete the modernization of its processing plants

The Ministry of industry and trade in materials to the Board, held on March 24, announced that it is working to zero tax on extraction of tin and ores of rare metals.

“Conciliation is working with interested Federal bodies of Executive power”, — stated in the certificate prepared by the Ministry of industry and trade and is available to RBC.

Met in the manufacture of tin zeroed back in 2013 to promote the release of this metal has still not recovered to the level of 1980-ies. In 2016 “Rosolova” (part of “Seligdar”, 40% of which is owned by the investment company “Russian funds” Sergey Vasileva) increased the production of tin by 6.9%, to 618 T. Until 1990-ies its production reached 18 thousand tons Now to 90% tin Russian imports.

The Deputy Director of the only producer of tin in Russia “Rosolova” Valery Kuznetsov told RBC that the company sent all the necessary documents to the government and hopes for a positive decision. “We look forward to extending the zero rate of mineral extraction tax because our refineries, modernization of which is ongoing, has not yet reached 100% download and do not generate sufficient funds that would have covered the costs of their development,” he says. While most of the investment program is carried out on money of shareholders, said Kuznetsov. According to him, Mining companies will be released this year on a small profit, and fully loaded “Rosolova” only in 2018-2019. “Rosolova” in 2013 took to restore the mining companies in the Khabarovsk Krai and the far East.

Recently, controlled by Millhouse of Roman Abramovich company “Northern tin” refused to develop in the Chukotka Autonomous district fields Pyrkakai (largest in Russia) and passed the license to the state reported by the “Kommersant”. The company decided that this project is economically feasible if volatile prices for the metal. Now a ton of tin on the London metal exchange is $20.3 thousand, but in 2015 the price has dropped to $13.6 K per ton.

Rare metals

Despite the fact that in August 2016, the President of Russia Vladimir Putin instructed the government before 1 December 2016 to consider lower tax rates on rare and rare earth metals, as reported on the website of the President, the final decision was never adopted. Now, with the production of these metals continues to operate the rate of mineral extraction tax of 8%.

Rare earth metals are used in glass and ceramic industry and electronics, in particular, in the production of televisions, computer monitors and mobile phones.

According to the expert magazine “Rare earth” by Sergei Makhov, now the market of rare earth metals monopolisitic China with a share of about 90%. China is also one of the largest consumers of rare metals. High demand also exist in Japan, the EU, UK and USA.

Consumption of rare earth metals in Russia is much higher than production. The latter developed rather poorly and represented by only three large companies: the Solikamsk magnesium plant, “Akron” in Novgorod and the “Hydrometallurgical plant” in the Stavropol region. While Russia is in second place in the world in terms of reserves, after China, the expert said.

Zeroing severance tax on the extraction of rare earth metals is a huge opportunity for the industry, says Mach. This measure will have a positive impact not only on import substitution but also export orientation.

“The decrease in met, if there are no administrative complications, will allow to develop the production of large holdings, which would no longer be afraid of huge taxes,” said Mach.

The stadium project in Samara will simplify in an attempt to get to the world Cup

The construction of the stadium “Samara-arena”. October 2016

Photo: Yuri Sagittarius / Kommersant

To be able to finish the stadium in Samara for the football world Cup, in his project has made changes that have not yet passed the examination. According to the Vice-Governor of the Samara region Alexander Fetisov, is scheduled to make a roof out of other materials

The construction of the stadium “arena Samara,” which is behind schedule, decided to speed up, but so far made to the project changes not approved “Glavgosexpertiza” said RBC representative of the customer FSUE “Sport-Engineering” and Vice-Governor of the Samara region Alexander Fetisov.

“In the beginning of the year contractor of the stadium sent us changes to the examination, he commented that he needs to fix”, — told RBC representative of “Glavgosexpertiza”, adding, still not received the corrected documents. However, the representative of the “Sport-Engineering” Alexander Bogomolov has expressed confidence that the project “Samara Arena” is pending in this Federal institution.

According to the Vice-Governor, will be replaced by the materials from which will be constructed on the roof of the building. “The roof will be covered, perhaps, replace materials, but they have already been applied to other stadiums and meet all the requirements,” — said the official. Fetisov is confident that this will lead to accelerated construction schedule and will not affect the cost of the stadium. The supplier designs will remain the same — this is the factory “Kurganstalmost” said Fetisov.

As reported by the Samara mass-media, at the meeting of the construction Committee of the Samara provincial Duma on 23 March, the question was raised about simplifying the design. Record this discussion also heard RBC. In particular, the Deputy of regional Duma Dmitry Litvinov asked: “as far As I know, now comes the simplification of the construction. Earlier it was planned glass roof, and its supposed to do. Is this true?” Present at the meeting, the representative of the regional Ministry of construction said in response that the draft changes, but the examination of it has not yet passed.

The construction of “Samara Arena” began in mid-2014. The General contractor of the stadium stands PSO “Kazan”. The stadium is designed for 45 thousand spectators. The cost of “Samara Arena” is 18.2 billion rubles On the plan the contractor must deliver the stadium in December 2017, the press service of PSO “Kazan” have not responded to a request to RBC on changes in the project and deadlines. Minister of construction of Samara region Alexander Balandin was also not answered the call of the RBC.

In January, in an interview with “Izvestia”, the head of the organizing Committee “Russia-2018” Vitaly Mutko said, “Samara-arena” — the only “lagging” stadium. “While there is a slight lag in terms of construction, but I hope that in a month and a half Samara stadium will return to the schedule,” — said Mutko.

In early March, the press service of “Sport-Engineering” reported that the gap was observed only in the installation of metal and is about two months, the rest of the work is on schedule. “In may, steel erection is scheduled to complete June begin work on the device field,” — the message of the enterprise.

At the end of March readiness “Samara Arena”, according to the representative of “Sport-Engineering”, estimated at 60%. Vice-Governor of the Samara region expects to eliminate the backlog within a few months.

In the past year PSO “Kazan” has demanded to increase the estimate of construction. In this regard, the authorities wanted to terminate a contract with the contractor, but eventually made concessions, highlighting another 18.2 billion rubles.

In Samara should pass four group matches of the 2018 world Cup.

“Dodo Pizza” sued the company Delivery Club for contextual advertising

Photo: Tamara Zavodskov / Lori

Chain pizzeria “Dodo Pizza” sued the company Delivery Club owned Mail.ru Group service delivery food from restaurants. The company accuses him of unfair use of its brand in contextual advertising

OOO “Pizza venture” (develops a chain of pizzerias under the name “Dodo Pizza”) filed a lawsuit against OOO “Delivery club”, the filing of arbitration cases. How wrote on his page in Facebook the founder of pizza Fedor Ovchinnikov, the service used the trademark “Dodo Pizza” when setting up a contextual advertising in search engines, even if the requests were made by users outside the zone of delivery. Thus Delivery Club was redirecting customers of the pizzeria on the competition presented in the aggregator concludes Ovchinnikov.

He noted that this was one of the reasons why “Dodo Pizza” has ceased to cooperate with the service delivery. It happened in January 2017. Then Ovchinnikov has explained the decision to that aggregator “brings networks in the long run no value” and does not justify itself as an effective means of attracting customers.

Two months before, in November of 2016, the purchase of Delivery Club for $100 million announced Mail.ru Group.

Delivery Club representative told RBC that the company’s lawyers will be able to give an answer when you get sued. “It is clear that colleagues from the “Dodo Pizza” continue their chosen strategy: for smaller companies, a lot of PR does not happen,” he added.

Interviewed by RBC, the participants of the advertising market confirmed that disputes over the use of names in contextual advertising occur quite often, however, the prospect of winning the court for the company “Dodo Pizza” “very vague”.

Setting contextual advertising for “brand query” (search query contains the name of any brand) is quite popular, says Director General of the Agency MGCom Dmitry Gorelik. The right have with any advertiser provided that the content of advertising material does not violate the law, says the Director for work with clients of the Agency MediaPlan Sergey Efimov. Legislation in the field of advertising apply primarily to trademarks, service marks and logos, not the text writing the names of the companies, he recalls.

“The most important thing is theoretically possible in this case to impute the service Delivery Club, is the introduction of user error in case if we can prove, for example, that ads placed on those areas in which delivery service obviously could be rendered,” sums up Efimov.

The first “Dodo Pizza” was opened in 2011 in Syktyvkar. The company website says on January 17, 2017, the network consists of 163 pizzerias in Russia and abroad. In particular, in 2016, “Dodo Pizza” opened their establishments in the United States and China. Total revenue network, according to its own data, increased in 2016 by almost three times, from 1.1 billion to 2.9 billion rubles.

Billionaire Yuri Milner was among world leaders, according to Fortune

Yuri Milner

Photo: Stephen Lam / Reuters

Fortune magazine included in the list of world leaders the two Russians. In the top 50 of the American edition got co-owner Mail.ru Group Yuri Milner and chair of “Civil assistance” Svetlana Gannushkina

Businessman Yuri Milner and human rights activist Svetlana Gannushkina was in the top 50 world leaders by the us magazine Fortune. Other Russians in the list of magazine no.

Chairman of the “Civil assistance” (charity organization for aid to refugees) and the head of the network “Migration and law” of the human rights centre “memorial” Svetlana Gannushkina has occupied 29-e a place. The magazine noted her attempts to change Russian laws regarding the reception of refugees. Led by her Committee has helped more than 50 thousand people.

Co-owner Mail.ru Group and DST Global Yuri Milner the magazine put on 40-e a place. “The Russian physicist turned investor”, as described by the journal, was betting on technology companies Facebook and Airbnb, says Fortune. The authors of this rating have included Milner in the top for its support of important projects in the field of space exploration and the search of extraterrestrial civilizations.

In the first place, Fortune put “President of baseball operations of the” club “Chicago cubs” Theo Epstein. In second place is top’s Chairman of the Board of Directors of Alibaba Group Jack MA, the third — Pope Francis.

The Fortune also came the head of SpaceX and Tesla Elon Musk, the Chancellor of Germany Angela Merkel, Prime Minister of Canada Justin Trudeau, President of the partially recognized Republic of China on Taiwan Tsai Inven and us Senator John McCain.

When making the list, the magazine takes into account personal achievements of the person, popularity, or prestige of the candidates for the position in the ranking is not affected, says Fortune.

Previously, experts of the world economic forum introduced the founder of the network “Vkontakte” Pavel Durov, the head of the Ministry Maxim Oreshkin and founder of the company “Actually” Catherine of Baresi to the list of people under 40 who are changing the world around them (the film was included in the list as a representative of Finland).

In November of 2016, the Fortune magazine named “businessman of the year” Facebook founder Mark Zuckerberg. The publication notes that Zuckerberg only 32, but he has built a powerful company worth $375 billion, which has approximately 1.8 billion users.

The court called improper method for detection of milk powder by the Rosselkhoznadzor

The arbitration court of Nizhniy Novgorod region quashed the decision of the local administration of the Rosselkhoznadzor took a decision to fine the plant “Nizhny Novgorod” (branch of “Wimm-bill-Dann”) for 120 thousand rbl. As stated in the Department, the results of these inspections revealed that the products contained milk, which is prohibited by the technical regulations of the Customs Union. However, in the “Wimm-bill-Dann” (part of the international company PepsiCo) with such conclusions has disagreed and has addressed in court.

As stated in the arbitration decision of March 6, 2017 (at the disposal of RBC), the study of milk samples was performed by enzyme immunoassay. However, he “is not included in the list of standards” and, accordingly, is not legitimate, the document says. In addition, according to the law, the branches are not legal entities and cannot be brought to administrative responsibility. Ultimately, the court decided to recognize illegal and to cancel the decision of the regional Rosselkhoznadzor to impose a fine daughter “Wimm-bill-Dann”.

The court reiterated previously articulated position Soyuzmoloko, which unites the largest manufacturers of the industry. As he wrote RBC, at the end of November 2016 trade Association complained to the Russian Deputy Prime Minister Arkady Dvorkovich on inspections of the Rosselkhoznadzor. Used to detect powdered milk method of enzyme immunoassay illegitimate, said in Soyuzmoloko because it has not passed scientific and technical expertise. Then in the Central office of the Rosselkhoznadzor reported that all Agency actions are carried out strictly within the law and “aimed solely at protecting consumers from defective and unsafe products.”

To a request to RBC regarding the March court decision, the representative of the Rosselkhoznadzor advised to contact the office of the Nizhny Novgorod region and the Republic of Mari El. There RBC said that a copy of the decision of the court has not yet received, therefore, the question of challenging the decision of the court “is not permitted”.

PepsiCo, which includes “Wimm-bill-Dann”, stressed that the company is satisfied with the decision of the arbitration court. “In response to accusations of Rosselkhoznadzor we have repeatedly stated that “Wimm-bill-Dann” in compliance with current legislation of the Russian Federation and the Customs Union and does not use the dry milk in the production of drinking milk. We are pleased that the court confirmed it,” — said RBC communications Director PepsiCo Russia, Ukraine and CIS Marina zibareva.

“Gazprom” has reduced the size of the guarantee on the loan Firtash 60 billion rubles.

Photo: Ekaterina Kuzmina / RBC

The guarantee on the loan of Gazprombank, the company Ostchem transferred “Gazprom” third party reports “Interfax”. According to the Agency, the company will be able to reduce the reserve for this guarantee, a little less than 60 billion rubles.

Group “Gazprom” partially ceded to a third party guarantee on the loan of Gazprombank, the company Ostchem Holding Limited of Ukrainian businessman Dmitry Firtash. This was reported by “Interfax” sources familiar with the situation.

According to the Agency, the transaction “Gazprom” will be a little less than 60 billion rubles, to reduce the reserve created for this guarantee. At the end of 2015, according to the report of the group according to IFRS, the amount of the guarantee was $ 61,404 billion rubles, now it will decrease to about 3.5 billion rubles.

One of the sources said that the new guarantor for the loan has become a structure of Gazprombank.

In 2013, Ostchem and Gazprombank issued a loan of $842,5 million Ukrainian company with the money acquired from “Gazprom” gas for work included in the group Ostchem plants for the production of mineral fertilizers, which have become guarantors for the loan. Gas pumped into underground storage (UGS) in Ukraine. He was a pledge. In December 2014, because of a default of its obligations Ostchem and Gazprombank announced the loan and accrued interest of term to maturity and threatened to take her more than 5 billion cubic meters of gas.

In early January 2015, however, the Bank and the debtor announced the settlement of controversial issues. As noted by first Deputy General Director of Ostchem Oleg Kikta, the parties reached a “mutually acceptable solution, the details of which will not be disclosed”. “Ostchem grateful to Gazprombank for their trust and the possibility of further cooperation”, — he said. Later it became known that to settle a dispute Ostchem and Gazprombank helped guarantee controlled “Gazprom” company.

Medvedev changed the rate of “Plato” after a meeting with truckers

Photo: Valery Matytsin / TASS

The Russian government by its decree raised the rate in the “Plato”. As mentioned at the meeting of Dmitry Medvedev with the carriers, the coefficient increased to 0.51

In the document published by the press service of the government, indicated that the originally planned ratio 0,82 0,51 replaced. This means that the rate in the “Plato” is of 1.91 rubles. per kilometer is 3.06 rubles., as previously assumed.

The previous rate was of 1.53 RUB. per kilometer. Thus, we are talking about an increase of 20%.

In reference to the government decision States that the decision to change rate was adopted at a meeting of Prime Minister Dmitry Medvedev with representatives of small and medium size entrepreneurship in the field of road transport.

The authorities have made concessions to truckers in front of the all-Russian strike

The meeting of the Prime Minister and business representatives was held yesterday, March 23, becoming the first at this level for the entire period of the protests against the system since November 2015. As noted by RBC source in the “United Russia”, one of the reasons of such attention of the authorities to the problem could be the planned national strike by truckers.

The participants of the meeting discussed about 20 questions classified into five themes: “Plato” and transparency in the distribution of collected money, weight and dimension, Parking, payment (invoices), training and supervision of drivers. Thus, among the proposals were limiting the planned increase of the “Plato” to 20% and simplify the scheme for carriers in the transport tax and the deductions of “Plato”.

Photo gallery
Truckers took the ring road as truck drivers protest in Moscow

4 Dec truckers who are against the charging heavy through the system “Platon”, left on the ring road. A convoy of trucks formed in the North…

Showing 6 photos

The system of collecting charges from trucks weighing more than 12 tonnes using Federal highways “Plato” was introduced in Russia on November 15, 2015.

“Gazprom” has offered Berezkin to buy raw materials at export price

Photo: Oleg Yakovlev / RBC

The ESN group Grigory Berezkin will have on export price to buy from “Gazprom” raw materials for the plant in the Amur region, and to reimburse the gas monopoly additional costs. It follows from the letter of head “Gazprom” Alexey Miller, energy

With the prize for export

The ESN group Grigory Berezkin, the main assets are concentrated in the electricity and oil industry, decided to start a new business — producing methanol and fuel additives in the Amur region. Raw materials the group might put “Gazprom” on gas pipeline “Power of Siberia” from his construction of the Amur gas processing plant. However, the gas monopoly requires paying for it the export price and to reimburse the additional costs of transshipment, which will lead to the reduction of export supplies. The Chairman of the Board of monopoly Alexey Miller has written to the Minister of energy Alexander Novak on March 2 (a copy of the letter is at RBC).

A long-standing dispute with Rosneft

Rosneft in 2013 asks to sell it gas for future refining and petrochemical complex VNHK in Nakhodka in the amount of up to 2.3 billion cubic meters per year. At the end of December of last year Vladimir Putin instructed the government to take measures to supply the COMPANY with natural gas. But Gazprom refused to supply gas to Rosneft, agreeing only to pump her gas pipe to the plant, wrote RBC. Energy Minister Alexander Novak March 17, 2017, told reporters that Gazprom is ready to build all necessary infrastructure to supply natural gas to the project COMPANY. “In order to connect the plant to the gas supply system, it is necessary to obtain technical conditions to submit an application. We know that such application is filed and Gazprom is ready appropriate infrastructure to fail. This is in accordance with the current legislation”, — explained the Minister (quoted by TASS).

Plant for the production of methanol with a capacity of 1.2 million tonnes per year in Skovorodino will cost the group of ESN at least 38 billion rubles, and its construction has not yet started. This plant is also planned to organize the production of additives to increase the octane number of motor fuel (methyl tert-butyl ether, MTBE). Make this the production of raw materials the company Berezkin tried in February, referring to President Putin. He ordered the gas monopoly to consider the possibility to conclude a contract for the supply of butane fraction (raw material for the production of fuel additives) with the Amur gas processing plant of “Gazprom”.

Structure Berezkin through the company “tekhnolizing” owns oil terminal in Skovorodino, but from-for falling of volumes of transfer of oil after the launch of the ESPO pipeline, the group decided to restructure the business. ESN intends to export the main volume of the production from its methanol plant in China.

“Gazprom” counted the entire volume of the butane fraction, which will be made at the Amur gas processing plant, export to China and the Asia-Pacific region. It is 420 thousand tons per year, says Miller. For the transport of the Amur gas processing plant is planning to use the terminal in the Vanino port, which builds together with “Prime” and plans to launch in 2021 or 2022. From there it is planned to send at least 1.4 million tons of liquefied gas (including butane fraction) per year.

“Potential reduction of handling volumes of liquefied natural gas through the terminal by more than 15% will lead to necessary changes in the project documentation of the terminal and also to a significant increase in the unit cost of “Prime” and the growth of tariffs for transshipment of liquefied petroleum gas (LPG), which has a negative impact on efficiency as the Amur gas processing plant and an integrated project mining, transporting and processing gas for export to China,” notes Miller.

In this regard, “Gazprom” has demanded to compensate it for the costs of the growth rates after the redirection of supply to the group of ESN. Director of information-analytical center Rupec Andrey Kostin notes that do at reducing the volume of cargo transshipment the cost of transportation will increase and the Economics of the project deteriorate.

Oil business Berezkin

Grigory Berezkin, whose fortune Forbes estimates at $700 million, promised to arrange transportation of oil refinery on the Amur, against the construction which are the major oil companies and “Transneft”. The planned plant capacity to 6 million tons of oil and condensate, which is 90% funded by Chinese investors, can encounter a problem of supply of raw materials due to the lack of capacity in pipelines “Transneft”. Berezkin offered alternative — your uyarskaya railway terminal in the Krasnoyarsk region. He confirmed RBC willingness to transship oil for the new plant at the terminal in 2019, when its capacity will be freed from Komsomolsk NPZ “Rosneft” in the handling of the ESPO pipeline: “At a meeting in the energy Ministry, we were asked the question, is it possible to use our bulk-oil complex in the town of Uyar to ensure the supply of oil to the Amur refinery. We replied in the affirmative”. According to Berezkina, uyarskaya terminal is 10 million tons per year, and now passes less.

Expensive additives

“Plant for the production of methanol in Skovorodino is just one of the projects of ESN. In addition, we are working on the possibility of establishing other industries for deep processing of gas, one of which is MTBE. Since the negotiations with Gazprom are at an early stage, that any comment at this stage, we consider it premature,” — said the official representative of the group of ESN. The representative of “Gazprom” from comments have refused, in a press-service of the Ministry did not respond to a request RBC.

The LPG market is monitored by the Federal Antimonopoly service, and Gazprom is one of its dominant participants. According to the head of Department FAS on control FEC Dmitry Makhonina, in the case of treatment service is ready to carry out the analysis, violated the norms of Antimonopoly legislation in a situation when Gazprom offers to sell raw materials on the domestic market at the export price. But while such appeals were received.

According to Kostin, the production of fuel additives in the Amur region could be beneficial only at a low price of raw materials. LPG can be bought in another place, but it will be expensive to drive across the country in the Amur region. “Buying raw materials at high export parity with the compensation of reducing the handling will greatly raise the cost of the final product. The manufacturer will have additional costs — recycling of the fraction to the isobutylene, which will make the production of additives for fuels is even more expensive,” — said the expert. Under these conditions, the problem is not eliminated with the competitiveness of the final product.

General Director of CREON Sandjar Turgunov says that the return on the production of MTBE in the Amur region is under question due to falling demand for fuel additives in the whole country and a limited number of customers in the region. Domestic demand falls for second year due to refinery modernization, which produced a higher quality gasoline.

The media learned about the failure of the savings Bank to sell their “daughter” in Ukraine

The campaign of the radical activists at the Central branch of Sberbank in Kiev. February 2017

Photo: Zuma / TASS

A large sale of Ukrainian structures of the savings Bank fell through at the last moment, the sources of “Kommersant”. Lock the sale occurred “at the presidential level” of prices included in the agreement Lipetsk confectionery factory Roshen President Poroshenko, which was considered excessive

The deal to sell the savings Bank, its Ukrainian assets fell through “at the presidential level” due to the excessive cost of the Lipetsk confectionery factory (LKF) Roshen, owned by Ukrainian President Petro Poroshenko. About it writes “Kommersant” with reference to sources.

As it became known to the edition, negotiations about the sale began in may 2016 and intensified in December, after the Ukrainian side were joined by managing Director ICU (Roshen advising on the purchase and sale of assets of the company) Makar Pasenyuk and businessman Igor Voronov. The source publication does not specify whose interests were originally negotiated, however, clarified that the beneficiary of the sale was President of financial and industrial group DCH (the Development Construction Holding. — RBC) and former co-owner of UkrSibbank Oleksandr Yaroslavsky.

At the end of January Pasenyuk took the initiative to make part of the deal a “conceptual agreement that would also include selling the Lipetsk factory Roshen”. However, the sale of Ukrainian Sberbank, according to sources, was blocked on the “presidential level.”

“The original was offered $680 million, but after the announced value of the LCF of $250 million in actual not more than $120-140 million talks has lost all meaning for the Russian side,” — said one of the interlocutors.

“Kommersant” has addressed for comments in the savings Bank, but the Bank refused to talk with the publication. According to sources, Yaroslavl retains the interest in the asset and expects the new conditions from the seller.

Sberbank is selling its Russian assets in Ukraine, due to the fact that on March 15 the national Bank of the Republic announced the imposition of sanctions for a period of one year. According to first Deputy Governor Yakov Smoliy, the imposition of restrictions “to prohibit any transactions in favor of the parent banks is interbank loans, deposits, purchase of securities, prohibition of dividend payments and other transactions.”

Also among the sanctions resin called ban banks with Russian capital to withdraw funds outside the country. According to him, it is necessary to “maintain financial stability in the country.”

As said the former head of the Ministry of Finance, the head of the Center for strategic development Alexey Kudrin, sanctions will have a negative impact on the financial system of the Republic, as the Russian banks “played a significant role in investment.”

Russian banks in Ukraine

In late January, the head of the National Bank of Ukraine Valeria Gontareva said in an interview with “New time” that the share of Russian banks in the Ukrainian market decreased “over the past few years” from 15 to 8%. According to Gontareva, the problems of banks with Russian capital appeared due to the fact that they actively lent Donetsk and Lugansk regions.

Now in Ukraine there are seven banks with Russian capital two Bank Sberbank (“Sberbank Ukraine” and PJSC “Vs Bank”), two of the VTB group (VTB Bank and BM Bank), HVB Ukraine (controlled by Vnesheconombank), alpha Bank (enters in “the alpha-Groups”) and Forward the Bank (shareholder of the Bank “Russian standard”).
Five of them — “Sberbank Ukraine”, VTB Bank, BM Bank, Prominvestbank, Alfa-Bank has reduced its assets, shows the report for the third quarter of 2016, according to IFRS. In particular, the savings Bank occupies in the Ukrainian banking system the fourth place in terms of assets (according to the website Banker.ua), has reduced them by nearly 9% from 51.8 billion to 47.2 billion. Alfa-Bank, occupying the fifth place, by 2.8% from 42.4 billion to 41.2 billion hryvnia. BM-Bank — 6.3% — from 3.2 billion to 3 billion. VTB Bank — by 19.1% — from 25.7 billion to 20.6 billion hryvnia.

The share of funds of natural persons in the banks with Russian capital decreased from 9.3% in early 2014 to 5.5% by 2016, the share of legal entities — from 8.3 to 3.3 percent, noted previously, the regulator.

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Failed the headquarters of the Norilsk Nickel buy the Fund UFG

The new owner of the business-center “Legion II” which “Norilsk Nickel” Vladimir Potanin bought in 2012 for their needs, will become UFG Real Estate. The seller will earn around 6 billion rubles. instead of 7.5 billion rubles., which were expected initially

The business-center “Legion II”

(Photo: Ivan Marchuk / Lori)

That “Norilsk Nickel” Vladimir Potanin and UFG Real Estate has agreed to buy the business center “Legion II” on the Big Tatar street, RBC was told by four sources in the commercial real estate market. According to them, the deal can be closed in the near future. In a press-service “Norilsk Nickel” has refused comments. The request to press service of UFG at the time of delivery of the material remained unanswered.

“Norilsk Nickel” has bought a building area of about 30 thousand sq m in 2012, its developer, the company “Legion development”, which belongs to co-owner of the insurance company “Rosgosstrakh” belong to Danil Khachaturov. Then the sum of the transaction amounted to $200 million (6.2 billion roubles at the average exchange rate in 2012 — RBC), says managing partner of Colliers International Nikolay Kazansky. “In rubles has not changed — now it is about 6 billion rubles”, — he said. Another $50 million to $100 million the company has invested in the finish, wrote earlier RBC. However, these funds could be recouped through rental income, notes Kazan.

“Market price “Legion II” — about $100 million, — confirms the head of Department of financial markets and investment JLL Eugene Semenov”.

Annual income from rent in this business centre subject to annual indexation can reach 850 million rubles, knows the Director PwC Sayan Tsyrenov. Thus, UFG investment can be recouped in 7 years, estimated RBC. However, the payback period could rise in the event of departure of tenants and the fall in interest rates after the expiration of the lease, adds Tsyrenov.

Initially, Norilsk Nickel had planned to place in the business centre of the Tatar its headquarters. However, in 2013, the company’s strategy has changed and she rented a 14 thousand square meters in the skyscraper mercury city. Now the basic tenants of business center “Legion II” is the consolidated shipbuilding Corporation, “national system of payment cards” and the oilfield services company Eriell. Together, they occupy about 19 thousand sq. m.

After the decision was made to sell the building, “Norilsk Nickel” wanted to get him the RUB 11 billion At the end of 2016 the price was lowered to 7.5 billion rubles., said the interlocutors RBC. While UFG was willing to pay only 5 billion.

“In the end the parties agreed to 6 billion rubles”, — says member of the real estate market, familiar with the negotiations. Another source of RBC confirms this figure.

The deal will be one of the largest this year. This week, RBC wrote that the consortium Hines and PPF Real Estate buys Fund Heitman business center as part of IFC’s “metropolis”. For a tower area of 33 thousand square meters. m buyer will pay up to €110mln, argued the sources of RBC.

The business center was and the other contenders. Previously, “Kommersant” wrote that he was interested in the Fund “invest AG”, managing the assets of the co-owners of Evraz Alexander Abramov, Alexander Frolov and Roman Abramovich. However, the transaction Fund and was not included, according to the interlocutors of RBC. The representative of the “invest AG” confirmed that the company does not conduct the purchase transaction of the business of the center, refused to comment further.

UFG Real Estate is specializiruetsya on the management of investment funds focused on purchasing commercial real estate in Moscow and St. Petersburg, continues to be one of the most active investors in the office market of the capital. So, in October 2016, RBC wrote that the company bought from structures “Tatneft” business center “Melnikov house” for $80 million.

The market volume of investment in commercial property in 2017 may be the highest in 2013 — $4.5 billion, JLL analysts predict. Thus at the end of 2016, only 56% of transactions experts believe investment i.e. made with a view to profit. The remaining transactions were related to the transfer of rights.

Author:
Alex Pastushin

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