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    URKA   RU0007661302

URALKALI

(URKA)
  Report
End-of-day quote Moscow Micex - RTS  -  2020-08-09
119.04 RUB   -.--%
04/05Putin says world faces food crisis due to West's sanctions
RE
03/24Russia's Uralkali says credit facilities agent blocks payment to lenders
RE
03/21Mazepin sells 52% of company which controls Russia's Uralkali
RE
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Russia's Uralkali says credit facilities agent blocks payment to lenders

03/24/2022 | 08:58am EDT

March 24 (Reuters) - Russian potash producer Uralkali said on Thursday that an agent for its syndicated pre-export credit facilities would not accept a payment from the company to its lenders.

Uralkali said it has performed all necessary actions to effect payment under the facilities, scheduled for March 24.

It did not disclose the size of the blocked payment nor the credit facilities to which it relates.

Debt obligations from Russian companies linked to sanctioned billionaires have run into hurdles in recent days due to Western sanctions triggered by Moscow's invasion of Ukraine.

Uralkali said it assumes that the actions of the agent, Credit Agricole Corporate & Investment Bank, are related to uncertainties following sanctions imposed on Dmitry Mazepin.

However, on Monday Uralkali said Mazepin had ceded control of the company.

Uralkali said it believes there are no grounds to refuse the payment and that it is not subject to sanctions.

(Reporting by Anna Pruchnicka; Editing by Kirsten Donovan)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
URALKALI 0.00% 119.04 End-of-day quote.0.00%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -0.80% 57.575 Delayed Quote.-24.61%
All news about URALKALI
04/05Putin says world faces food crisis due to West's sanctions
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03/24Russia's Uralkali says credit facilities agent blocks payment to lenders
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03/21Mazepin sells 52% of company which controls Russia's Uralkali
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03/10Putin says Russia will emerge stronger, sanctions will rebound on West
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02/01Belarus diverts potash supplies from Lithuania to Russia, says PM
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Analyst Recommendations on URALKALI
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Financials (USD)
Sales 2021 4 155 M - -
Net income 2021 1 767 M - -
Net Debt 2021 4 505 M - -
P/E ratio 2021 134x
Yield 2021 -
Capitalization 117 B 2 016 M -
EV / Sales 2020 57,6x
EV / Sales 2021 37,4x
Nbr of Employees 20 000
Free-Float 0,00%
Chart URALKALI
Duration : Period :
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Income Statement Evolution
Managers and Directors
Vitaly Lauk Chief Executive Officer
Natalia Soboleva Chief Financial Officer
Sergey Viktorovich Chemezov Chairman
Eduard Smirnov Technical Director
Paul James Ostling Senior Independent Director
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