Russ responded to the accusations of Wildberries co-owner Vladislav Bakalchuk that the market, at the expense of “sellers and contractors”, paid Russ’s debts to the VTB bank and the Federal Tax Service (FTS) for several billion of rubles. Forbes quotes the position of Russ’s press service.

Russ responded to Bakalchuk’s accusations of paying off company debts with Wildberries revenue
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On Tuesday, October 15, Vladislav Bakalchuk published a post on his Telegram channel accusing his wife and Wildberries founder Tatyana Kim (she changed her last name from Bakalchuk). In the post, Bakalchuk said that on October 1 (the day the merger of Wildberries and the Russ group was completed), Wildberries paid “all debts” of Russ to VTB and the Federal Tax Service. Bakalchuk attached a screenshot to the post, from which it appears that the participation of the founder of Stinn LLC (one of the main legal entities of Russ), Olymp JSC, Reserve-A LLC, Olympia JSC and Grigory Sadoyan has been cleared of the lien.

“It turned out that the “restructuring” process is not just a transfer of a 35% stake in Wildberries to a company with an authorized capital of 70 thousand rubles, but a full-fledged operation to withdraw money in favor of the Kerimov clan. All of the Mirzoyans’ debts, secured by 100% of Russ’ shares, were magically eliminated. Furthermore, these same shares were promised to VTB worth more than 20 billion rubles,” Bakalchuk wrote.

According to the Unified State Register of Legal Entities, Grigory Sadoyan owns 50% of Stinn LLC, 30% belongs to Reserve-A LLC, 20% belongs to Olympia JSC (he is the sole founder of Reserve-A LLC). According to Vedomosti, until October 1, the shares of Sadoyan, Reserva-A and Olympia of Stinn LLC were pledged to VTB Bank.

The levy imposed on Stinn LLC shares was a security measure during the period of the company’s growth, acquisition of competitors and digitization of inventory, Russ’s press service told the publication. The shares of the subsidiaries of Stinn LLC will soon be transferred to RVB LLC, the press service noted. They did not specify whether the debt owed to VTB was actually repaid or if the lien was lifted for another reason.

Marketplace Wildberries and outdoor advertising operator Russ announced a merger on June 19, 2024; The business restructuring was completed on October 1. As a result, RVB LLC was formed, the founders of which were Wildberry LLC with a 65% stake and Stinn LLC with 35%. In August, 38 Wildberries domains, including the bank, became property of RVB.

Author:

Kirill Bilyk

Source: RB

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.

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