Source Shares of Ruspetro structures were sent for sale. Trading in securities of Inga JSC and Trans-oil JSC is scheduled for December.Bank of non-core assets “Trust” accused the chairman of the board of directors of Ruspetro Alexander Chistyakov of abuse after the latter's statement about the possibility of repaying the debts of the company “Inga”, which owns licenses for the Pottymsko-Inginsky and Vostochno-Inginsky blocks in Khanty-Mansi Autonomous Okrug. As noted by the financiers, Chistyakov has no real intentions to close the obligations, and there are no negotiations with him on this issue. At the same time, earlier the manager managed to contribute to the revision of the order of claims of the “Trust” for more than 24 billion. In disputes, agreements with Sberbank Capital and the name of the founder of the PIK development group, Sergei Gordeev, who acted with the support of FC Otkritie, surfaced. Now the claims are being considered again, but for now the Trust, in particular, is trying to get tens of millions of dollars from companies registered in Cyprus and London, as well as to sell shares of companies and debts. As experts emphasize, Ruspetro's assets could be of interest to Rosneft and Gazpromneft due to their proximity to their sites, but in the current macroeconomic situation, there may be problems with the implementation even with a discount – under pressure, the companies will be aimed at maintaining at least current volumes. In such a scenario, the conflict with management will grow, which, according to lawyers, is already trying to reduce the amount of subsidiary liability.
The Ninth Arbitration Court of Appeal will consider the complaint of the former General Director of Ruspetro JSC Sergey Zabavsky on the claim of PJSC National Bank Trust (the ultimate beneficiary is the Central Bank of the Russian Federation) for the recovery from Ruspetro Holding Limited (Ruspetro Holding Limited; Cyprus) and Ruspetro Limited ( Ruspetro Limited, London, UK) USD 32.3 million.
Earlier, the arbitration refused to involve the manager in the case as a third party, despite references to the requirements for subsidiary liability and asset management of Ruspetro – Inga JSC and Trans-Oil JSC. As noted in the press service of the Bank of non-core assets “Trust”, claims against foreign structures were presented as guarantors for loans.
Note that at the moment the debt of the Ruspetro group to “Trust” exceeds 24 billion rubles. Earlier, Pravda UrFO spoke in detail about the bankruptcies of assets and, in particular, the process around JSC Inga (Khanty-Mansiysk).
The publication also analyzed in detail the remarkable conflict associated with the determination of the order of the multibillion-dollar requirements of the Trust. As reported, the Arbitration Court of the West Siberian District sent this issue for a new consideration.
In particular, the chairman of the board of directors of Ruspetro, Alexander Chistyakov, insisted on a scenario with a decrease in the priority, pointing to affiliation. “In 2014, the Ruspetro group of companies agreed to restructure the debt of 337.2 million US dollars with the largest creditor (Sberbank) and Sergey Gordeev (acting with the support of FC Otkritie Bank) on the following terms: Mastin Holdings Limited buys this debt and converts 187, USD 2 million in shares (25% of the increased authorized capital), and USD 150 million of debt is exchanged for a new five-year loan from FC Otkritie Bank. <…> The above indicates the acquisition by FC Otkritie Bank (and its successor, Trust. – Editor's note) of corporate influence at the expense and in the amount of USD 187.2 million on the one hand and the actual return of USD 150 million to FC Bank Opening” – on the other hand,” followed from Chistyakov's position.
However, the lawyers interviewed by the publication saw in the manager's demands an attempt to reduce their own subsidiary obligations.
Let's add that Alexander Chistyakov, as part of the bankruptcy case of JSC Inga, filed a statement of intent to satisfy the claims against the debtor in full. In the Bank of non-core assets “Trust”, however, such behavior was regarded as abuse.
“Alexander Chistyakov has no real intentions to repay the debt, and these actions are simply an abuse of procedural law,” the press service said, emphasizing that negotiations with the debt manager are not ongoing.
At the same time, “ Trust did not respond to a question about other interested parties in the asset. Meanwhile, in September of this year, the head of the bank, Alexander Sokolov, stated that they plan to sell Ruspetro's debt in the second half of 2022.
We add that at the current moment, as part of the bankruptcy case of Ruspetro JSC, shares of Inga JSC and Trans-Oil JSC were put up for auction. The initial price of the lot was set at 100 million rubles. The auction step is 10 million. The auction is scheduled for December this year.
Note that Inga was considered the main asset of Ruspetro. The company holds licenses for the Pottymsko-Inginsky and Vostochno-Inginsky blocks in Khanty-Mansi Autonomous Okrug. Experts estimated their recoverable reserves at 113 million tons of oil.
“Theoretically, Ruspetro's assets may be of interest to Rosneft and Gazprom Neft, whose sites are located in close proximity to Ruspetro's sites. At the same time, in the current macroeconomic situation, it may be more difficult to sell Ruspetro's assets. These assets are, first of all, interesting for the potential for production growth, but right now, due to sanctions, the efforts of the Russian oil and gas industry will be mainly aimed at maintaining current production volumes, and not at developing new projects,” says Sergei Kaufman, an analyst at FG Finam.