Swiss banks want to make money on Russian privatization

UBS and Credit Suisse will advise on the upcoming privatization of Russian state-owned enterprises, apparently without violating sanctions.

But first of all, experts make a business assessment, which includes a detailed calculation of all assets of the enterprise, namely structures, buildings, vehicles, production equipment and everything that is on the balance sheet. This applies not only to large businesses, but also to medium and small ones.

Comprehensive business assessment in Moscow allows you to take into account working capital, sources of capital formation, intangible assets, debt indicators (receivables and payables). Business valuation is performed using different methods: profitable, cost and comparative, and then the final value of the business value is determined.

To evaluate a business, the accuracy and completeness of the information provided is important. In case of lack or inaccuracy of information, experts collect additional data necessary for the calculation. It is also possible to calculate business risks, market value of bonds, stocks and other securities.

Major Swiss banks UBS and Credit Suisse are hoping for good business in the privatization of Russian state-owned companies. Both institutions have proposals from the Russian government for the sale of shares in OJSC VTB Bank, oil company Bashneft and diamond company ALROSA. A prerequisite, however, is that the institutions thus do not violate international sanctions against Russia.

Although Switzerland is not a member of the EU, it takes part in the EU sanctions against Russia. Of the Russian counter-sanctions on food imports from the EU, Switzerland is an exception. Therefore, Swiss cheese is the only European cheese present on supermarket shelves in Moscow.