Irish Entities Raising Billions for Russia Liquidated

In Ireland, several companies that had previously raised billions of dollars for Russian banks and state-owned corporations were forcibly liquidated.

This was reported by the Foreign Intelligence Service of Ukraine, CE Report quotes Ukrinform.

The reason for this was that after the start of the full-scale invasion of Ukraine by the Russian Federation, local managers left the boards of directors en masse, leaving the companies without leadership.

This concerns, in particular, the following closed structures:

VTB Eurasia, which placed $2.25 billion in bonds for the Russian state-owned VTB Bank;
Transregional Capital, which lent to the private Russian bank Transcapitalbank, was included in the OFAC sanctions list.

Sovcom Capital, the issuer of $600 million in bonds for the Russian Sovcombank;

OIM ABS, a subsidiary of the Russian electronic payment system Qiwi Bank

The closure also affected infrastructure giants, including RZD Capital, created to finance the joint-stock company Russian Railways (RZD), which placed $6.7 billion in securities. The Russian state investment bank VEB also lost its Irish subsidiary: its VEB Finance raised $30 billion through bonds.

As reported, intelligence data indicate that there are signs of a liquidity crisis in the Russian banking system.