Close relationship between Credit Bank Moscow and Rosneft could spell trouble for the bank and its investors
The relationship between Credit Bank Moscow PJSC and Rosneft has become very close. Last year, Rosneft placed 22 billion rubles (~ $355 million US) in long-term deposits at the bank that do not come due until 2066, shoring up the bank's capital at a time when it's stability was in question. Rosneft is now one of the bank's largest clients.
Credit Bank of…
Keep reading with a 7-day free trial
Subscribe to Insight Intelligence to keep reading this post and get 7 days of free access to the full post archives.