Triple Crisis with Ruble devaluation of 20%

Questions & Answers

Status 17.03.2020

1. Our GD is outside of Russia and will not enter the country. How can I get signatures?

• Documents can be signed abroad and sent to Russia or signed at the Russian consulate abroad. A PoA for certain tasks can be issued.
• SCHNEIDER GROUP may temporarily take over functions as an authorized person as back-up.

2. Can I send documents between the countries when borders are closed?

• It is our understanding that transport is not stopped and courier/postal services are working.

3. What instruments are available for increasing equity decreased by devaluation?

• Convert debt to equity, change mark up

4. What can I do with fixed currency contracts?

• Renegotiate immediately.

5. Impact of CFC legislation?

• Check debt equity ratio with assumed exchange rate at balance sheet date, change interest payment timing, convert interest to debt.

6. Impact on budget?

• Remodel budget and adapt negotiate and agree new situation with HQ.