Putin Allows MKB to Trade Sova Capital's Russian Shares
Among them are "Rosseti" (1.048 billion shares), "Gazprom" (2.7 million shares), "Mosenergo" (1.078 million shares), and "ALROSA" (138.5 thousand shares).
Consensus
- President Vladimir Putin authorized Moscow Credit Bank (MKВ) to conduct transactions with shares belonging to Sova Capital Limited.
- The authorization was issued on 28 September.
- The shares involved belong to Russian companies, including Gazprom, Rosseti, and Mosenergo.
- The decision was made in response to unfriendly actions by some foreign states and international organizations.
- Sova Capital Limited is a British company registered in England and Wales.
- Sova Capital Limited has been under external management due to liquidity issues since 2022.
- Roman Avdeev previously owned the company through the Rossiym group, which also held a majority stake in MKB.
- Avdeev exited Russian projects and assets, transferring his stake in Rossiym to structures linked to Sergey Sudarikov.
Points of divergence
- The list of companies includes 34 organizations, with specific numbers of shares mentioned: 1.048 billion for Rosseti, 2.7 million for Gazprom, 1.078 million for Mosenergo, and 138.5 thousand for ALROSA. — kommersant
- The list of companies includes shares of Inter RAO and Rosneft, in addition to Rosseti, Gazprom, and Mosenergo. — vedomosti
- Sova Capital Limited was acquired in 2018 by a Cypriot subsidiary of the Rossiym group for 18.97 billion rubles. — kommersant
- In 2019, Sova Capital was part of the Rossiym group, which held 56.1% of MKB shares at the time. — vedomosti
- On 17 June 2025, the Belgian State Council rejected a lawsuit filed by Sova Capital concerning frozen assets. — vedomosti
Coverage (2 sources)
- MKB will be able to conduct transactions with shares belonging to British Sova Capital — Коммерсантъ
- Putin allowed MKB deals with Sova Capital-owned shares of Russian companies — Ведомости
Key entities
- MKБ
- Sova Capital
- Russia
- Gazprom
- Vladimir Putin
- Rosneft
- Belgium
- Inter RAO
- State Council
- Rosssetei
- Sova Capital Limited