The sharp hike in the discount rate by the central bank of russia and the reduction of subsidized mortgage programs have dealt a significant blow to “Samolet” group companies, russia\u2019s largest construction firm.<\/p>\n
Amid mounting financial difficulties caused by these policies, the company’s owners are scrambling to protect their capital. According to russian media, the primary owner of Samolet, mikhail kenin – reportedly close to former defense minister sergei shoigu – is looking to sell his 31.6% stake in the company. Industry experts predict that other shareholders may follow suit.<\/p>\n
In the third quarter of this year, Samolet\u2019s sales plummeted by 44%. While the kremlin pours billions of rubles into the war, the construction giant is facing enormous losses.<\/p>\n
The construction industry was the first victim of the soaring cost of credit in russia, with industrial enterprises are next in line. Russian economists report that even priority sectors like military manufacturing are increasingly struggling to service their debts. This is only the beginning.<\/p>\n
Under the current financial policies, russia may soon witness a \u201cparade of defaults.\u201d With the kremlin channeling its resources into the war, the state will find it increasingly difficult to rescue large companies from collapse.<\/p>\n","protected":false},"excerpt":{"rendered":"
The sharp hike in the discount rate by the central bank of russia and the reduction of subsidized mortgage programs have dealt a significant blow to “Samolet” group companies, russia\u2019s largest construction firm. Amid mounting financial difficulties caused by these policies, the company’s owners are scrambling to protect their capital. According to russian media, the…<\/p>\n","protected":false},"author":3,"featured_media":23017,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_post_transparent":"default","_kad_post_title":"default","_kad_post_layout":"default","_kad_post_sidebar_id":"","_kad_post_content_style":"default","_kad_post_vertical_padding":"default","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","wds_primary_category":930,"footnotes":""},"categories":[930],"tags":[],"class_list":["post-23016","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rf-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/posts\/23016","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/comments?post=23016"}],"version-history":[{"count":0,"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/posts\/23016\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/media\/23017"}],"wp:attachment":[{"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/media?parent=23016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/categories?post=23016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/tags?post=23016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}