Media Statement


Yesterday, four Baring Vostok employees, including Michael Calvey, were detained by authorities in Moscow. Baring Vostok believes these charges are related solely to an ongoing commercial dispute related to Orient Express, a Baring Vostok Fund portfolio company, and they do not relate to Baring Vostok as a whole, or any other Baring Vostok Fund portfolio companies. Baring Vostok and all the Funds’ portfolio companies, including Vostochny Express Bank, continue to operate business as usual. Baring Vostok plans to fulfill all its obligations to finance Vostochny Express Bank capital increase approved by the Central Bank.



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