Source: www.rucriminal.info
As it became known to Rucriminal.info, the government will have to change the scheme for the liquidation of Rosnano OJSC. The reason is the conclusion about the legal risks arising from the refusal to repay part of the existing obligations of Rusnano. We are talking about debt on loans and bonds not secured by state guarantees and attracted in 2018-2020. The quality and value of Rosnano's assets do not correspond to the accumulated liabilities, and if so, then it is not advisable to take on the entire balance of Rosnano.
The transfer of part of the assets and liabilities is an extremely risky operation. It is very likely that in this scenario, the remaining creditors of Rusnano will seek the bankruptcy of the company and the return of assets to the balance sheet of Rosnano through legal procedures.
Of course, it would be possible to adopt special regulations governing the bankruptcy procedure for Rusnano, but the position of the Government of the Russian Federation was very clear - no exceptions to the current legislation and the adoption of special acts in relation to Rusnano are planned.
Also, the option of any continuation of the vigorous activity of Rusnano is not considered.
The scenario proposed to the government assumes that Rusnano will continue to manage old projects, directing the received income to its own operating activities and repayment of liabilities. At the same time, the state guarantees the redemption of only bonds secured by state guarantees.
It is especially noted that this scenario will most likely lead to the bankruptcy of Rusnano, and bankruptcy risk management will become a key task for management, that is, Sergey Kulikov.
It is Sergey Kulikov, who replaced Anatoly Chubais as the head of Rosnano OJSC in 2020, who is designated as the head of the funeral team of Rusnano, who assumes all the risks associated with the liquidation of Rosnano.
An unenviable position, but it seems that Kulikov has nowhere to go.
Sergei Alexandrovich himself did everything to jump off a derailed train, but he failed to leave the toxic position. There were attempts to sit in the chair of one of the enterprises of the United Shipbuilding Corporation, and to become the head of a number of foreign companies that came under the control of the Russian Federation. But all attempts ended in failure and cold wishes to continue working in Rusnano. The change in the attitude of the Presidential Administration of the Russian Federation towards Kulikov began in 2022. There are many reasons, including the unsuccessful meeting between Kulikov and the President of the Russian Federation in June 2022. They say that Putin noted a significant contrast with Chubais, which automatically meant that Kulikov was written off to a deep wagon train. The second factor was Kulikov's letter to the RF GP with a request to conduct an audit of the financial and economic activities of Rosnano, after which Kulikov was given to understand that it was not within his competence to initiate proceedings with Chubais. Also, the friendship with Konstantin Malofeev and other clumsy actions of the young leader were not forgotten.
Of course, Kulikov's chances of taking a significant and interesting position were more significant if Rusnano had demonstrated at least minimal results of its activities, but, alas, they did not turn out to be.
So, Rusnano and Kulikov remain, so there will be a lot of interesting things ahead.
To be continued
Timofey Grishin
Source: www.rucriminal.info
