Sanctions and Russian retaliation: disrupted market conditions and their impact on payments to Mintos and investors
Previously, we prepared an overview of the broader effects of the war in Ukraine, sanctions on Russia, and Russian responding policies on the financial markets. As promised, we’re now sharing an insight into how those emerging influences have affected the usual processes in Mintos when it comes to Russia-related parts of our business. Later, we […]
Overview: the exclusion of Russia from the international economy
We are working on a detailed insight for investors about the structure of repayment processes from the lending companies from Russia and about the possible outlooks for recovery of funds related to investments in loans from this market. But first, we want to start with a general overview of how sanctions for Russia and the […]
13%+ interest rates across multiple lending companies on Mintos
For the first time in a long time, loan investments with mid-teen interest rates (in EUR) are being offered on Mintos – with more than €10 million of loan investments added at 13%+ in the past 2 weeks. Higher interest rates are being offered by multiple lending companies with operations in Europe, Asia, and Africa […]
Two weeks in: the Russian-Ukrainian war and the status from Mintos
The Russian invasion of Ukraine entered its third week. It brought devastation to human life and Ukrainian urban and economic infrastructure, with millions fleeing their homes in Ukraine. The resulting economic warfare is further weakening Russia and foreign investments in the country. The global impacts of the war are realistically still uncertain. At Mintos, as […]
Recap: AMA about impacts of war in Ukraine and sanctions for Russia, March 2022
On 7 March, we organized a special AMA session to discuss topics related to the war in Ukraine and sanctions for Russia, the state of relations with lending companies from Russia and Ukraine, and the impact on Mintos. The AMA was hosted by Martins Valters, Mintos Co-founder, COO/CFO. Please note there will be a dedicated […]
Update: We’re limiting exposure to loans from Russia and Ukraine
Update on 25 February 2022: RUB currency exchange and withdrawal status We will be monitoring RUB currency dynamics on a daily basis, closing positions at the end of the working day to prevent the risk of negative exposure. Based on the assessment of the RUB standings, we will be opening currency exchange possibilities in the […]
