Victor Vekselberg has margin calls

Under the US sanctions, the oligarch received problems with loans for $ 800 million. He already complained to Dmitry Medvedev and hinted at the state's participation in solving this problem.
Origin source
Renova's owner Viktor Vekselberg met with Prime Minister Dmitry Medvedev during a meeting with members of the Bureau of the RUIE on April 17, and told him about the consequences of American sanctions for his business. About this Bell reported three sources close to the participants in the meeting.

Viktor Vekselberg and his group Renova fell under US sanctions on April 6. This is the SDN list, in which a total of 24 people and 14 companies were added. Assets of individuals and legal entities on this list are subject to blocking in US jurisdiction, US citizens and companies can not conduct business with them. Individuals on this list are prohibited from entering the United States. In this case, according to the CAATSA law passed in the United States last year, the States are now monitoring the operations of persons under sanctions around the world and are ready to punish their assistants from any jurisdiction.

In particular, according to the interlocutors, Vekselberg at a meeting with Medvedev talked about the freezing of accounts, the risk of stopping enterprises in Europe, the need to reduce their share in foreign companies below the controlling interest and a sharp increase in the cost of loans.

The Bell sources emphasize that one of Vekselberg's pressing problems is margin calls on loans that were secured against UC Rusal shares (also came under US sanctions), whose capitalization collapsed after the imposition of sanctions. Two interlocutors of the portal specify that it is about loans worth about $ 800 million - $ 1 billion. The representative of Renova did not respond to the request of The Bell.

One of the interlocutors of The Bell noted that Vekselberg did not ask for concrete mechanisms of assistance, but he gave Medvedev "the company's appeal."

Previously, RBC wrote that US sanctions prevented Vekselberg from selling the gold-mining asset - "Kamchatka's Gold." Sources familiar with the talks said that GV Gold had hesitated to buy Kamchatka Gold, as investors on the eve of the long-planned IPO could scare the purchase of this "toxic" asset.

In addition, as RBC wrote, Renova did not receive dividends for the year 2017 from its Swiss companies Sulzer and Oerlikon by about 127 million Swiss francs. Companies do not want to be exposed to the risk of US secondary sanctions.