"This crisis presents a unique opportunity for all investors willing to take on Russia risk, to have access and a possibility where there has been no access before," Prokhorov said.
Investors may take stakes in Russian companies seeking to restructure borrowings in debt-for-equity deals or at a later stage, when the government begins selling stakes in companies it obtained during bailouts, he said.
Companies have taken loans from state-run Vneshekonombank to repay foreign borrowings, pledging some of their holdings as collateral.
"I'm sure that the state bank will sell collaterals," Prokhorov said. "It's inevitable, because for them it's practically impossible to organize proper management."
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
