History
2021: Debt restructuring negotiations
In April 2021, the Industrial Assets Fund (FPA), created to own distressed Ukrainian assets, began negotiations on restructuring its bank loan debt by 212 billion rubles.
Non-working Ukrainian assets, previously on the balance sheet of VEB and Gazprombank, the fund bought for 764 billion rubles. in 2016 due to loans provided to it by VEB and Gazprombank themselves. By the end of 2020, the current market value of these assets fell to zero.
A loan in the amount of 211.6 billion rubles. from December 2026 in 2016, the fund was given by Gazprombank (GPB), revealed in the data of the Accounts Chamber, the Treasury and the fund itself. With these funds, the FPA bought from the bank the rights of claims for loans previously (until 2014) provided to the structures of the Ukrainian businessman Dmitry Firtash.
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