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"Univer Capital" broker appealed to the Central Bank with a request for reorganization

... reorganizing private firms. In a letter cited by Interfax, representatives of the firm note the risk of subsequent rolling bankruptcy of investors, including individuals and organizations. Many of them have previously spent their financial savings by ... ... billion rubles, including customer funds and own assets. At the same time, 63% of the amount were Eurobonds of the Ministry of Finance, the repayment of obligations on which was calculated for 4 years. The reason for the organization’s appeal to the Central ...

Russian State Duma to restrict the flight of bankrupt bankers from country

The State Duma Committee on Security has discussed a draft law providing for the possibility of the financial regulator to restrict the top management of Russian banks in the right to leave the country. The norms of the bill, if adopted, will also be applied to the heads of insurance companies and private pension funds. The text of the document itself is planned to be submitted to the parliamentary session on April 5, 2022. The problem of “flight” of financiers, due to fault of which credit institutions...

The United States is on the verge of debt default

... about to take place soon. The document has already been approved by the House of Representatives, but it has many opponents. According to the head of the Center for Economic Policy Shai Akabas, it is not clear at the moment, how exactly the Ministry of Finance will act. However, both the significance of the risks and the potentially high costs are absolutely clear. The Ministry of Finance has resorted to emergency measures to pay off the existing debt obligations. According to Akabas, after the date ...

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