Putin's City Supporters Club Established in the City of London
A new investment association has been established in the City of London last month. Putin's City Supporters Club aims to attract investments into Putin's Russia from the City's professional investment community.
LONDON, March 5, 2018 (Newswire.com) - The Russian economy is beginning to suffer and slow down as a result of various financial sanctions imposed by the US and EU.
This has given rise to a whole new range of banking structures, tools, and methods that seek to provide the Russian industry with necessary funding while complying with an increasingly restrictive sanctions regime.
Putin's City Supporters Club will provide the necessary intellectual platform where all those methods and instruments could be systemised together into some sort of new banking area of "Putin's Finance" as it informally known already.
According to Andrew Calt, PutinClub.com's PR and BD Manager, "Everything new is actually well-forgotten old. I remember well how in 1990s, at the very start of Russian Privatisation and Perestroika, when Western banks had no appetite for any Russian Risk, many different financial methods and structures had been developed by the City of London in order to finance Russian fledging companies and banks (e.g. Super-Extended Trade Finance, Tolling Cyclical Finance, Reversing Project Finance, Confirmed LC Synthetic Trades, and other various forfeiting structures). Putin City Club's aim is to systemise and group those old methods so they could be expanded and adapted to this new situation".
Calt further stated, "In the past, traditional British financial institutions were not very successful in breaking into Islamic Finance. Let us hope that they would not miss the boat of Putin's Finance this time around."
Fedorovsky PR Guru
Source: Putin's City Supporters Club
Categories: Business Finance