RUSSIAGATE LEGHISTA: LA TRASCRIZIONE INTEGRALE DELL’INCONTRO TRA SAVOINI E GLI EMISSARI DI PUTIN (PARTE 3)
UN’ORA E MEZZO DI CONVERSAZIONE CHE QUALCUNO HA REGISTRATO, UNO SCANDALO POLITICO SIMILE A QUELLO CHE IN AUSTRIA HA PORTATO ALLE DIMISSIONI IL VICEPREMIER SOVRANISTA
RU2: We are talking about the quantity. For example, 3 million [metric] tons. If we run now this deal 3 million, then the deal is closed, we don’t have any huge risks. What do you think about? It’s only for half a year, yeah?
IT2: It depends on you. It depends on your capability. We have the capabilities, technical capabilities, to absorb whatever quantity given that the product is the product needed. Whatever quantities you are available too, but of course I don’t think your efforts are unlimited. Why are you talking about six months?
RU2: For example, we are talking 3 million tons during half a year.
IT2: Half a year or one year? It’s one year.
RU2: One year.
IT2: Because otherwise is 6 million in one year, which is 500,000 per month. We can accept this, we can absorb 500,000 per month for one year.
RU2: If after this year you are interested in prolonging in future?
IT2: Absolutely yes, but also if in the same year you say, look, guys, we have difficulty in placing this product say it is mazut nobody wants mazut. Let’s make an example during the year we are already buying and you say can you buy this as well, we are absolutely capable from a technical point of view to buy the product.
[In Russian]
RU1: We are actually prepared for a lot more. I’m very nervous with these questions. How many tons? And the question was – what next? [INAUDIBLE]
RU1: Tell him – everything is clear with the general party. We will get permission for the start of the work, the start of intensive actions. But what if we will find our own [INAUDIBLE]. Verkhniy told me that we can ask – that if we find our own volumes, independent from any kind of political force, then we can get some kind of commission? How do you see this?
[Russian ends]
RU1: Now for example, we are talking about this political message about this whatever to [INAUDIBLE] but we also have some of our own contacts in the oil and gas companies [INAUDIBLE] maybe they will propose some options for delivering also gas if you are interested. Is possible to discuss?
IT2: Absolutely.
RU2: But the question is, the contacts also are interested in some commission. If it’s possible from your side.
IT2: To recognize commission to an intermediary?
RU2: Yes.
IT2: No problem. It depends of course if I buy open credit, for instance, I am going to save quite a significant amount of money. Why? I am saving money because I am not forced to access the markets and buy an instrument, a standby electric credit, it’s more than banking guarantee, a documentary one because all this has a cost. So if I do not have this cost, why not paying for commission? So absolutely yes.
RU2: So for example, this level of 4% discount from Rotterdam price. It’s a basic level which you cover all costs? And we have some [INAUDIBLE] this is a replicable contract [INAUDIBLE]. Possible, for example, 5% discount, it’s possible?
IT2: Whatever is above 4, we can return it.
[In Russian]
RU2: There is a certain level at which [INAUDIBLE] is hard to pay, [INAUDIBLE] but from any higher level, there won’t be any questions here.
RU1: And how will they do it technically in this case?
[Russian ends]
RU2: Technically, what type of contract [INAUDIBLE] it’s possible to discurd [sp.?] this commission?
IT2: We have two ways. The first one is to have a normal NC NBIA or IMPFA according to the ICC of Paris. IMPFA is an international master fee protection agreement, so is a contract standard contract issued by the International Chamber of Commerce in Paris and is exactly is clearly expressed who are counterparties, who is the so to say mandate, what is the percentage, how is paid, so on and so forth. This is normally what you do. But once again we have a bank so the counterparty, that is the one that takes the commission, should be a perfect company; otherwise the bank will have a problem in signing.
Second option it’s lawyer to lawyer. I can also enter into an agreement with a lawyer, local whatever. I am a lawyer and I can make a contract lawyer to lawyer saying…
[In Russian]
RU1: Legal aspect, yes?
RU2: A law firm with a law firm.
RU1: Yes, I understood [INAUDIBLE].
[Russian ends]
IT2: So lawyer to lawyer it’s even easier because me as a lawyer can enter into an agreement normally. It’s called correspondents fee agreement, so given I that am paid through a council fee agreement from him, given that I need your competencies and qualities because you are a colleague and are very… and from payment from him I will pay to you and it’s easy. It’s even stronger, so up to you. It depends.
[In Russian]
RU1: Maybe, we should also use this option everywhere?
RU3: If we will make more, then [INAUDIBLE]. If we’ll get 6% discount, what will we get?
RU1: It depends on the market price, he said.
RU3: For example [INAUDIBLE] this situation.
RU2: The question is whether we can use the company that is involved in the traide(sp.?) with Naftogaz. This is the trading company [INAUDIBLE]. It is a standard contract. This is one thing. But this would not make a huge difference with the fourth company. The second option is more comfortable. Two [INAUDIBLE] companies in fact cooperating. It’s our companies and it is making a certain profit [INAUDIBLE] finding the partner. They are getting certain percentage.
RU1: It’s also a good option.
RU2: Yes, and we have the law firm.
RU3: The law firm.
[Russian ends]
RU2: Maybe it’s also this, the second option would become more acceptable.
IT2: It’s standard.
RU2: What is usual practice?
IT2: Usual practice I don’t need to check my counterparty according to my ethic code, when I have a lawyer in front of me, I do not need to make any due diligence. He is a lawyer.
RU2: [INAUDIBLE] For example, if we receive 6% discount, what could, what type of commission is possible to make?
IT2: It’s very simple; the planning made by our political guys was that given a 4% discount 250,000 plus 250,000 per month per one year, they can sustain a campaign.
So if you ask me now what is, what is the percent if we make 6%. My first answer would be whatever is above 4%, we don’t need it. This would be the answer. We don’t need it, because we made a plan that with 4% we are satisfied. I would say we don’t need. Of course if you know…
[In Russian]
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