By Citizen M | Published: April 5, 2010
A new Kremlin ruling will limit companies to issuing
no more than 25% of their equity abroad could ‘
push companies to re-register offshore in an attempt to escape both Moscow and the restrictions‘. Los Angeles-based International Film Finance Associates will visit Moscow this week to convince bankers and private investors to help it raise $50 million to
complete a package of six Hollywood projects whose funding has dried up during the economic crisis. Carmaker AvtoVAZ has
reached an agreement to restructure $957 million of debt with Sberbank and VTB. Despite last week’s news that China had bought
an estimated $2.25 billion worth of anti-aircraft missiles from Russia, the arms trade relationship is in trouble, says
this source, because ‘
Russia refuses to sell China its most advanced weapons‘. Meanwhile, Rosboronexport has signed
two further arms contracts, worth $1.2 billion, with Algeria and Uganda. On the
bidding wars sparked by Chatroulette, the ‘
wild west‘ of the internet. JPMorgan Chase & Co says
Russian equities are mispriced relative to Russian bonds more than in any emerging market.