Co-owner of “RussNeft” and founder of the Bin group Mikhail Gutseriev in 2014 are insured against a drop in oil prices, resulting in earned hundreds of millions of dollars. It is reported Reuters with reference to sources in the banking and oil sectors.
“Gutseriev was a large debt to Sberbank, head of Sberbank] Herman Gref advised him to insure by the beginning of 2015”, — said a source in the industry familiar with the deal. The businessman had no choice, says the Agency, because the savings Bank was his largest creditor.
First Deputy Chairman of Sberbank Maxim Poletaev confirmed to the Agency that the transaction between the Bank and Gutseriev was made in 2014. According to him, the credit institution shortly thereafter sold the contract to the foreign banking syndicate.
This transaction was an important milestone in the energy industry of Russia, Reuters notes. Such schemes are used to hedge risks oil companies in the UK and USA, but the Russian leaders of the oil structures are traditionally avoided such complex financial transactions.
A good deal explains opened for Gutseriev opportunities to acquire assets, including banking, during the recession in the Russian energy market of Russia, writes Reuters. The businessman and owned his company RussNeft declined to comment to the Agency.
Gutseriyev — the main shareholder of “RussNeft”, the owner of the group “Bin” (together with his brother Sait-Salam Gutseriev and his nephew Mikail shishhanov). His areas of interest include banking, construction, real estate, pension funds, investment. In the ranking of the richest businessmen of Russia according to Forbes in 2016 Gutseriyev has risen to No. 22, taking the 16th position of capital of 5.9 billion dollars.
