Irkutsk
Ulan-Ude

Blagoveshchensk
Chita
Yakutsk

Birobidzhan
Vladivostok
Khabarovsk

Magadan
Yuzhno-Sakhalinsk

Anadyr
Petropavlovsk-
Kamchatsky
Moscow

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Mechel VS VTB or the deal on the debt of 2,977 billion rubles

The court decision to recover from Mechel OAO a debt in the amount of 2,977 billion rubles in favor of VTB Bank OAO was appealed by Mechel, reports TASS with reference to the materials of the Moscow Arbitration Court.

VTB, in turn, filed an appeal against the court's decision, details of which have not yet been disclosed.

As previously reported in EastRussia, Mechel and Gazprombank, which is its largest creditor, offered Sberbank and VTB, two other large creditors of Mechel, a new plan for restructuring and refinancing debt.

Partners offer refinancing current debt for up to 10 years and convert it into a national currency. At the same time, it is planned to issue convertible ruble bonds, for which the company's capital may be increased by 23-27 billion rubles.

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