A court in Moscow recovered losses from Glencore structures in favor of Sberbank 20:31

The Moscow Arbitration Court, on the claim of Sberbank, demanded compensation from the structures of the international trader Glencore in the amount of approximately 114.8 million euros. This was reported by RIA News.

The court did not rule out the possibility that the shares may belong to Glencore Group Funding Limited (BAE). British Glencore UK Ltd and Swiss Glencore International AG were also named among the defendants.

At the same time, the plaintiff’s request for disclosure of information about beneficial owners to the holding company Glencore PLC was also rejected at the meeting.

Before that, it was known that some Western banks and traders, such as Citigroup and Trafigura Group, had been actively operating recently, despite sanctions and restrictions resulting from the conflict in Ukraine. finalize Transactions for the purchase of metal from Russian companies. At the same time, large traders such as Glencore announced that they were leaving their new businesses in Russia, although they kept their old contracts.

Former Chairman of the State Duma Vyacheslav Volodin said About Russia’s economic successes despite sanctions.

What are you thinking?

Source: Gazeta


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