Ruslan Zalugovskii

•Stakeholder Management: Act as the primary borrower-side liaison with sponsors (Sibur & Sinopec), lenders,
and international consultants on all project financing aspects.
•Facility Lifecycle Management: Lead the review, negotiation, and approval of complex loan agreements and
ancillary finance documents under LMA standards.
•Financial Modeling & Analysis: Maintain and update the project’s comprehensive financial model to ensure
accurate data analysis, scenario stress-testing, and annual audit success.
•Operational Treasury Oversight: Direct FX operations, cash management, and bank account administration,
including rigorous KYC and AML procedures.
•Capital Planning: Manage sophisticated financial planning and fund flow strategies to optimize liquidity for the
construction phase.
Key Achievements:
•Landmark $9.1B Syndication: managed on behalf of the borrower the signing and the Financial Close of a $9.1
billion, 15-year syndicated credit line (LMA-based) with European (incl. UniCredit, Société Générale, Crédit
Agricole, Intesa Sanpaolo, Deutsche Bank), Chinese, and Russian banks with ECAs' cover (SACE and Euler
Hermes).

- Stakeholder Management: Act as the primary borrower-side liaison with sponsors (Sibur & Sinopec), lenders, and international consultants on all project financing aspects.
- Facility Lifecycle Management: Lead the review, negotiation, and approval of complex loan agreements and ancillary finance documents under LMA standards.
- Financial Modeling & Analysis: Maintain and update the project’s comprehensive financial model to ensure accurate data analysis, scenario stress-testing, and annual audit success.
- Operational Treasury Oversight: Direct FX operations, cash management, and bank account administration, including rigorous KYC and AML procedures.
- Capital Planning: Manage sophisticated financial planning and fund flow strategies to optimize liquidity for the construction phase.

Key Achievements:
Landmark $9.1B Syndication: managed on behalf of the borrower the signing and the Financial Close of a $9.1 billion, 15-year syndicated credit line (LMA-based) with European (incl. UniCredit, Société Générale, Crédit Agricole, Intesa Sanpaolo, Deutsche Bank), Chinese, and Russian banks with ECAs' cover (SACE and Euler Hermes).

•End-to-End Treasury Infrastructure: Established and led the treasury department for a €1.5B Greenfield Joint Venture, including the recruitment, training, and organization of a high-performing team.
•Complex Debt Servicing & Governance: Directed the borrower-side coordination with JV sponsors, international banks, and consultants for the servicing of long-term project debt and diverse funding lines.
•Operational Treasury Management: cash flow management and bank account administration (domestic and
offshore accounts), including rigorous KYC and AML procedures, control of bank commissions.
• Project Lifecycle Financial Planning: Managed comprehensive cash flow forecasting, fund management, and multi-currency FX operations across the construction and operational phases.
• Risk & Trade Finance Oversight: Designed and implemented corporate credit management procedures, organized global insurance coverage, and oversaw complex trade finance and documentary operations.
• Financial Modeling: Maintained the project’s detailed financial model for lenders (control of Projected DSCR and Historical DSCR, Debt-to-Equity ratio, cash flow waterfall conditions, etc.), ensured its review and successful approval by lenders.
Key Achievements:
• €750M International Syndication: Successfully attracted and closed a €750 million, 12-year project finance facility (LMA standards) from a syndicate including BNP Paribas, ING, HSBC, and EBRD with coverage from major European Export Credit Agencies (Bpifrance and Credendo).
• Operational Transition & Compliance: Orchestrated the critical transition from construction financing to operational cash flow management, ensuring 100% covenant compliance through to full project completion.
• Digital Transformation: Led the full implementation of ERP SAP Treasury and Credit Management modules, implemented BI-reports and different digital improvements across all activities under my supervision.

- End-to-End Treasury Infrastructure: Established and led the treasury department for a €1.5B Greenfield Joint Venture (Sibur & Solvay), including the recruitment, training, and organization of a high-performing team.
- Complex Debt Servicing & Governance: Directed the borrower-side coordination with JV sponsors, international banks, and consultants for the servicing of long-term project debt and diverse funding lines.
- Project Lifecycle Financial Planning: Managed comprehensive cash flow forecasting, fund management, and multi-currency FX operations across the construction and operational phases.
- Risk & Trade Finance Oversight: Designed and implemented corporate credit management procedures, organized global insurance coverage, and oversaw complex trade finance and documentary operations.
- Compliance & Technical Modeling: Maintained the project’s detailed financial model for lenders and ensured successful annual audits and rigorous KYC/AML procedures.

Key Achievements:
- €750M International Syndication: Successfully attracted and closed a €750 million, 12-year project finance facility (LMA standards) from a syndicate including BNP Paribas, ING, HSBC, and EBRD with coverage from major European Export Credit Agencies (Bpifrance and Credendo).
- Operational Transition & Compliance: Orchestrated the critical transition from construction financing to operational cash flow management, ensuring 100% covenant compliance through to full project completion.
- Digital Transformation: Led the full implementation of ERP SAP Treasury and Credit Management modules, implemented BI-reports and different digital improvements across all activities under my supervision.

• Treasury Centralization & Transformation: Led the strategic consolidation of finance functions from 6 regional clusters (comprising 40 distinct enterprises) into a unified Group Treasury department.
• Credit Portfolio Management: Directed the attraction and servicing of a diversified financial portfolio, ensuring optimal capital structure and liquidity across a complex multi-entity organization.
• Operational Cash Flow & Planning: Oversaw group-wide financial planning and fund management, standardizing cash flow reporting for dozens of business units.
• Stakeholder Diplomacy: Managed high-level relationships with a broad network of banks, insurance providers and appraisal firms to support the group's credit needs.
• Team Leadership & Standardization: Recruited and managed a centralized team, implementing uniform financial procedures and training programs across the newly integrated structure.
Key Achievements:
• Structural Turnaround: Successfully transitioned the group from a decentralized model to a Centralized Treasury, significantly improving cash visibility and reducing administrative overhead across 40 enterprises.

- Treasury Centralization & Transformation: Led the strategic consolidation of finance functions from 6 regional clusters (comprising 40 distinct enterprises) into a unified Group Treasury department.
- Credit Portfolio Management: Directed the attraction and servicing of a diverse financing portfolio, ensuring optimal capital structure and liquidity across a complex multi-entity organization.
- Operational Cash Flow & Planning: Oversaw group-wide financial planning and fund management, standardizing cash flow reporting for dozens of business units.
- Stakeholder Diplomacy: Managed high-level relationships with a broad network of banks, insurance providers, and appraisal firms to support the group's credit needs.
- Team Leadership & Standardization: Recruited and managed a centralized team, implementing uniform financial procedures and training programs across the newly integrated structure.

Key Achievements:
- Structural Turnaround: Successfully transitioned the group from a decentralized model to a Centralized Treasury, significantly improving cash visibility and reducing administrative overhead across 40 enterprises.

• Deal Origination & Pipeline Management: Identified and screened high-potential mid-market companies accross Russia, focusing on growth-stage enterprises within the EBRD-sponsored Regional Venture Fund framework.
• Integrated Due Diligence: Managed cross-functional workstreams for financial, tax, and legal due diligence to validate business models and mitigate operational risks.
• Valuation & Structuring: Developed DCF and financial models to drive investment assessments.
• Private Equity Advocacy: Promoted institutional investment standards across Russian regions, presenting at major conferences and seminars to educate regional stakeholders on private equity as a catalyst for growth.

- Deal Origination & Pipeline Management: Identified and screened high-potential mid-market companies accross Russia, focusing on growth-stage enterprises within the EBRD-sponsored Regional Venture Fund framework.
- Integrated Due Diligence: Managed cross-functional workstreams for financial, tax, and legal due diligence to validate business models and mitigate operational risks.
- Valuation & Structuring: Developed DCF and financial models to drive investment assessments.
- Private Equity Advocacy: Promoted institutional investment standards across Russian regions, presenting at major conferences and seminars to educate regional stakeholders on private equity as a catalyst for growth.

• Project Feasibility & Modeling: Conducted deep-dive efficiency analyses and stress-testing for regional investment projects, building complex financial models to determine debt capacity and repayment schedules.
• Credit Risk Analysis: Performed comprehensive credit assessments of corporate borrowers, evaluating financial health, market position, and project risk profiles.
• Deal Structuring & Execution: Designed optimal loan structures and drafted specialized credit agreements for project-based lending.
• Post-Closing Monitoring: Managed the ongoing monitoring of investment projects to ensure adherence to milestones, budget compliance, and financial covenants.
Key Achievements:
•Portfolio Management: Successfully facilitated the approval and disbursement of financing for key industrial and infrastructure projects in the Privolzhskiy region.
•Foundation in Project financing: Developed a rigorous foundation in structured credit analysis and contract preparation that served as the basis for a career in international project finance.

- Project Feasibility & Modeling: Conducted deep-dive efficiency analyses and stress-testing for regional investment projects, building complex financial models to determine debt capacity and repayment schedules.
- Credit Risk Analysis: Performed comprehensive credit assessments of corporate borrowers, evaluating financial health, market position, and project risk profiles.
- Deal Structuring & Execution: Designed optimal loan structures and drafted specialized credit agreements for project-based lending.
- Post-Closing Monitoring: Managed the ongoing monitoring of investment projects to ensure adherence to milestones, budget compliance, and financial covenants.

Key Achievements:
- Portfolio Management: Successfully facilitated the approval and disbursement of financing for key industrial and infrastructure projects in the Privolzhskiy region.
- Foundation in Project financing: Developed a rigorous foundation in structured credit analysis and contract preparation that served as the basis for a career in international project finance.