Aleksey Khotin's oil company did not keep money in his Jugra Bank

Exillon Energy tried to calm its investors and partners.
Origin source
The oil company, whose main beneficiary is businessman Alexei Khotin, did not hold large funds in his bank, Yugra, where, under the CBR's decision, a temporary administration was introduced, and therefore is not afraid of financial problems.

On Wednesday, Exillon Energy, whose shares are traded on the London Stock Exchange, circulated a message on the LSE, which drew attention to the fact that the Central Bank introduced the interim administration in the bank Yugra. At the same time, the message does not explain why Exillon decided to comment on this.

"The company confirms that it does not have significant deposits with Ugra Bank, and that regardless of the outcome of the ongoing processes, the company believes that its risk is not material," it was reported.

The largest shareholder of Exillon, which produces hydrocarbons in the Khanty-Mansiysk Autonomous Okrug and the Republic of Komi, is the company Khotina Seneal International Agency. In the Yugra bank, Hotin owns a controlling stake through Radamant Financial.

On July 10, the Central Bank introduced a temporary administration for half a year to the Yugra Bank, which is a member of the top 50 largest credit institutions in Russia, due to its volatile financial situation and the existence of a threat to the interests of creditors and depositors. At the same time, a moratorium was introduced to meet the claims of the bank's creditors for a period of three months.

"Yugra" at the end of the first quarter was 33rd in terms of assets and 12th in terms of funds of individuals in the ranking of "Interfax-100". As of June 1, the physical persons kept deposits in the bank amounting to 181.5 billion rubles.

The beneficiary of Ugra did not leave Russia in connection with the situation around the bank
RBC, July 19, 2017

Billionaire Alexei Khotin, a beneficiary of Yugra Bank, in which the Bank of Russia earlier introduced an interim administration, did not leave Russia and is now in Moscow. This was stated by a representative of Khotin RBC.

The statement of the representative of Khotin was followed after the Central Bank sent materials to the law enforcement bodies regarding the management of the bank.

On July 10, the Central Bank established a three-month moratorium in the Yugra bank to satisfy creditors' claims and introduced a temporary administration. Such measures were taken because of the unsustainable financial situation of the bank and due to "the existence of a threat to the interests of its creditors and depositors". In addition, the Central Bank suspected the bank's management of manipulation of deposits and appealed to law enforcement agencies, reported RBC with reference to the deputy chairman of the Central Bank Vasily Pozdyshev. According to him, the Bank of Russia also found signs of unreliability and possible withdrawal of assets in Ugra's accounts.

The president of Ugra, Alexei Nefedov, in an interview with RBC said that the bank did not raise funds, and its financial statements corresponded to Russian and international standards. He noted that "all raised funds" were invested in the companies of the market sectors in Russia.

According to Ugra's accounts as of June 1, 2017, its deposits amounted to 181.5 billion rubles, and potential payments to the bank's customers may amount to 169.2 billion rubles, which is the largest insured event during the operation of the DIA. As the Deposit Insurance Agency reported, payments to Ugra customers will begin on July 20.