17. 2. 2023

We have received a draft debt recognition agreement from the loan provider Lime Zaim, which is another condition for the Russian authorities to agree to send payments to “not friendly countries”. Under this agreement, it would be possible to send funds from the Russian Federation to pay for buybacks. We are now trying to negotiate the most favorable terms for investors. We have sent a counter-proposal to the provider and are currently awaiting comment from Lime Zaim’s senior management.

Once the agreement is concluded, it will be possible to receive payments which, based on the limits for payments to “not friendly countries” set by the Russian Federation and the distribution of the ratio of Lime Zaim’s creditors, will be in the order of EUR 10 to 20 thousand per month. Unless Vladimir Putin’s current decree changes, the provider will repay the debt to the creditors over approximately 7 years (NB if the debt is fixed and does not further increase by the interest yield of the investors). The specific amount of the repayment will always depend on the current RUB/EUR exchange rate

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