RE: What to expect on Monday - Quarter Results22 Apr 2022 14:24
Im no financial expert but being an international company and trading in the US with dollars in the bank i am sure there are other options that we just dont know about. BJ has already given Gazprombank customers another month to find a way of setting up banks accounts to prevent default on payments, might it be as simple as changing as chnaging banks, are all Russian banks on the sanctions list? Taken fro .gov website...
The Regulations prohibit a person from directly or indirectly dealing with a transferable security or money market instrument if it has a maturity exceeding 30 days, and was issued after 1 August 2014 by:
Sberbank, VTB bank, Gazprombank, Vnesheconombank (VEB), Rosselkhozbank (as listed in Schedule 2)
an entity incorporated or constituted in a country other than the UK which is owned by one or more of the five banks listed above