Reborn Resource Tycoon

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Not long after he returned to Kiev, Altorov was woken up by the sound of a phone call shortly after he fell asleep. The assistant to the Minister of Finance Shibaraski told him that a car would pick him up in 5 minutes and go to the building of the Ministry of Finance. Shibaraski The minister needs to consult with him on urgent matters.Altorov only had time to dress and wipe his face, and the treasury car arrived at the gate.

And when Altorov, who was confused, came to the door of the Ministry of Finance building, he realized that half of the windows in the building were brightly lit. When he walked into the small meeting room of the Minister of Finance, he couldn't help but wonder I'm stunned.

In the small conference room, there were already five or six people sitting in it. In addition to the two ministers and deputy ministers of the Ministry of Finance, including Shibalaski, Yarmolenko was also among them.Altorov naturally knew the rest of the people. One was the deputy governor of the Central Bank of Ukraine, Unia Anastasia, and the other two should be the heads of Ukraine’s foreign trade department. Yar Robert Devich, another named Brox Aliyev.

Artorov greeted everyone one by one, sat down with Yarmolenko, and said in a low voice: "Andrei, what's going on?" They serve on the committee, but they don't seem to have any direct connection with the Ministry of Finance, the Central Bank and the foreign trade department. What happened to Shibalaski recruiting these people in the middle of the night?
Yarmolenko's eyes were also a bit dazed. Like Artorov, he was inexplicably lifted out of the beauty's arms by a phone call, and then the Ministry of Finance came to take him here. .Although, he arrived a few minutes earlier than Altorov.But he was still at a loss as to what kind of medicine Shibalaski sold in his gourd.

Shibalaski looked at his watch, clapped his hands, and attracted the attention of everyone present, before saying: "Everyone, I'm sorry to disturb your rest. But because of some urgent matters, We have to make a decision as soon as possible, so we have to invite you here to discuss a countermeasure together. Well. Tonight, Mr. Baramo, the general manager of the Gulf Second Bank of the Commonwealth of Independent States region, from Moscow flew to Kiev and told me a very bad news. Due to the actions of the Milevsky family and the Seleznov family, the soybean purchase contract signed between China and Mr. Fang has been breached. According to China As a result of the loan contract that the government signed with the Second Gulf Bank, the Second Gulf Bank has the right to require the Chinese government to repay all the loans in advance." As soon as this remark came out, everyone present couldn't help but change their colors.Artorov and Yarmolenko couldn't help looking at each other, thinking in unison in their hearts.Could this be Fang Mingyuan's backhand?Otherwise, how could the Second Gulf Bank react so quickly?
"Your Excellency, may I ask how much the Chinese government borrowed from the Second Gulf Bank? How much does it account for in our country's total foreign debt?" Devitch asked immediately.

"We have to repay 3000 million US dollars with interest, accounting for 50.00% of my country's total foreign debt!" Deputy Finance Minister Ji Shishenmo replied. "Although the total amount is not much, the short-term and medium-term debts of the Chinese government are relatively large, and [-]% of them are loans from commercial banks. The second Gulf Bank's loans accounted for [-]% of all commercial bank loans. Nearly one-tenth, it is one of the major commercial banks with the most loans from the Chinese government. We are very worried. If the news that the Second Gulf Bank requires early repayment of the loan spreads, it will arouse the worries and anxiety of other commercial banks. If other commercial banks also ask the Chinese government to repay the loan in advance, the consequences will be disastrous."

The faces of all the people present were a little pale. What Jishishenmo said was the truth, and this was also the tragedy of the Ukrainian government.Since the Ukrainian economy has not had a clear upward trend since independence, it has been declining.And the Ukrainian government cannot increase taxes and fees at will, which makes the Ukrainian government's financial situation worse and worse.It has to rely on borrowing to maintain the normal operation of the government, and as time goes by, Ukraine's foreign debts are now increasing, exceeding tens of billions of dollars.The bad economic prospects of Ukraine also mean that the Ukrainian government does not get many long-term low-interest loans from international organizations and governments of European and American countries when it borrows abroad. In order to fill the loopholes, the Ukrainian government has to borrow from commercial banks in various countries.Commercial bank loans not only have high interest rates and small amounts, but also take into account the risk issues, and the time is not long. This is why the US$[-] million loan of Gulf Second Bank can be ranked at the top.Moreover, the loans of Gulf Second Bank are rare long-term loans, and the interest rate is lower than that of other commercial banks!

Once the Gulf Second Bank withdraws the loan ahead of schedule, it will inevitably affect the confidence of other commercial banks in the timely repayment of the loan by the Ukrainian government.A few years ago, when the financial crisis in Southeast Asia spread to the Commonwealth of Independent States, many Commonwealth of Independent States countries, including Russia, had the behavior of delaying loan repayment, which caused many banks to suffer.Therefore, it is conceivable that some banks will take the same approach as the Second Bank of the Gulf to ask the Ukrainian government to repay the loan in advance for the sake of safety.

And what's more troublesome is that this incident put the Ukrainian government in a dilemma.Although the Second Gulf Bank’s request for early repayment of the loan is not due to any change in Ukraine’s debt repayment ability, but only because of some changes in the soybean purchase contract, which was stipulated in the original loan contract.But the Ukrainian government has no way to announce this news openly. Everyone is not a fool. Anyone with a discerning eye can understand that this must be because the price of soybeans in the international market has soared this year, and Ukrainians have become greedy. Only then will the established contract be required to be amended.

Although this kind of thing is not uncommon in the international business world, it happens every year, but now Ukraine's economic revitalization is weak, and foreign capital is urgently needed to revive the economy. At this time, such a scandal will undoubtedly make Foreign capital, already dissatisfied with Ukraine's investment environment, has even more doubts about Ukraine, making it more difficult for the Ukrainian government to attract foreign capital.

"However, it would be a good thing if we can return the sale of soybeans to ourselves if we pay the right price." Aliyev said, "As far as I know, when the contract was signed, the other party's purchase price was only 250 US dollars per ton. Now, in the international market, the price of soybeans per ton has reached 280 US dollars, and it can be said that it is only a matter of time before it breaks through 290 US dollars. Moreover, it is generally believed that the international price of soybeans will continue to rise in the coming days. It will continue to rise, and next year, when the soybeans in the northern hemisphere are on the market, the price of soybeans is likely to exceed 330 US dollars! And just for this item, our company will have an additional income of hundreds of millions of dollars every year!"

"The hundreds of millions of dollars will not be available until my country's soybeans are re-listed, and if this problem cannot be solved, we will now have to spend 1000 million dollars to repay the Second Gulf Bank! We have to prepare for more A lot of commercial banks have asked for early repayment!" Ji Shishenmo said unhappily, what's wrong with the extra income of hundreds of millions of dollars, even if the extra income is one billion dollars, the biggest profit is also the enterprise, and the tax collected by the Ukrainian government, It is not enough to make up for the huge debt crisis caused by it.If there is a financial crisis in Ukraine, the foreign trade department that is not affected much will be fine, and these people in the Ministry of Finance will undoubtedly be in bad luck!
Shibalaski turned his gaze to Artorov and Yarmolenko and said, "Member Altorov, Congressman Yarmolenko, what do you think of this matter?"

At this moment, Altorov understood seven or eight points in his heart. Shibaraski called himself here today to understand Fang Mingyuan's attitude on this matter and see if there was any room for change.He has been with Fang Mingyuan for the past two days, and he was the one who made the connection when he signed the contract. He is the one who has the closest relationship with Fang Mingyuan among the people present.

"Mr. Fang is very angry about this matter, and has decided to either resell the contract to companies in European and American countries, or the Milevsky family and the Seleznov family will redeem the contract themselves. In my opinion, want to It is unlikely that Mr. Fang will change his mind and continue to perform this contract." As soon as Altorov opened his mouth, he poured a bucket of ice water on Shibaraski and others, and his heart was half cold.

"However, I personally feel that, as Deputy Minister Tishchenmo and Director Aliyev just said, the termination of this contract has both advantages and disadvantages for our country. But at present, the disadvantages far outweigh the advantages But from the perspective of our government’s solvency, there has been no change in essence. And to be precise, after the contract was terminated, our government’s solvency increased instead of falling.” Altorov’s words made everyone present A few of them nodded slightly.

"The reason why Gulf Second Bank proposes to repay the loan in advance is not so much that they are worried about our government's ability to repay the debt in the future, it is better to say that our behavior has made the boss of Gulf Second Bank very dissatisfied. Mr. Fang The Middle East has a good relationship with many royal children. The two princes of the Gulf Second Bank have a very good personal relationship with Mr. Fang. If we can appease Mr. Fang, Mr. Fang will not be angry. There is still room for maneuver." Altorov said.

"How to appease? Although the Milevsky family and the Seleznov family have rich family backgrounds, they are required to pay [-] million US dollars in liquidated damages at once..." Devitch shook his head and did not continue. (To be continued..)