«Rossetti» may face sanctions over Crimea, says the analyst of «Aton»

© RIA Novosti / Sergey Mangalapura in fotoangelo equipment transformers for gas turbine power plant in the Crimea. Archival photo«Rossetti» may face sanctions over Crimea, says the analyst of «Aton»© RIA Novosti / Sergey Mangalapura the image Bank

After joining the Crimea «Russian grids» are likely to threaten international sanctions, however, the company does business exclusively in rubles, involving financing on the Russian market, and is using primarily Russian equipment, noted in his report, the analyst of «Aton».

The supply of the Crimea in the near future can pass under the control of the Federal «Russian grids», which will become a key shareholder of the new company «Krymenergo», said in a Friday newspaper «Kommersant». «Rossetti» will be owned 75% of «Krymenergo» and the remaining blocking can wield the power of the Crimea. Also the Ministry of energy proposed to amend the capital of «Russian grids» to 9 billion rubles from the budget of the Russian Federation on the Federal target program for development of Crimea. In particular, 6 billion rubles will come in 2018, of 2.87 billion in 2019, of 227.2 million rubles — in 2020.

«After coming to the Crimea «Russian grids» is likely to threaten international sanctions that could complicate the financing on foreign capital markets (although rosseti conduct business in rubles only, involving financing on the Russian market), and restrictions on the import of foreign equipment. The latter should not be a problem for the «Russian grids» as the holding company primarily uses equipment manufactured in Russia. Considering all the above, we view the news as neutral for Russian grids, — the report says.

Analysts «Aton» on-former recommend to take profits on shares of «Russian grids» after the rally by about 50% since June because I do not see catalysts for growth of securities of the company. In addition, they consider that the upcoming issuance of shares associated with the entry to the Crimea, will become a strong obstacle to growth.

Read more about news of the Crimea — on crimea.ria.ru >>

«Rossetti» may face sanctions over Crimea, says the analyst of «Aton»© RIA Novosti, Infografiken sanctions against Russia and retaliatory measures

Source

Be the first to comment on "«Rossetti» may face sanctions over Crimea, says the analyst of «Aton»"

Leave a comment

Your email address will not be published.


*