Manturov: the recapitalization of the Russian Railways for the redemption of the railway area from "Mechel" is discussed with the RF Ministry of Finance.

The RF Ministry of Industry and Trade with the RF Ministry of Finance are discussing the issue of recapitalization of JSC "Russian Railways" giving the means that will be used to repurchase the railway area to the Elga coal deposit from "Mechel", Denis Manturov, the head of the RF Ministry of Industry and Trade, told the journalists.

According to him, it will allow the "Mechel" company achieve the debt/EBITDA ratio, which will make the work stable and easy, according to ITAR -TASS.

Earlier, Arkady Dvorkovich, the Deputy Prime Minister, stated that he supports the allocation of the financial resources to the Russian Railways for the buyout of the railroad to the Elga deposit, adding that there are no funds for this yet.

In March, Igor Zyuzin, the main shareholder of "Mechel", asked the Government to consider the possibility of buying this site and turning it into a public infrastructure.

The compensation costs for the construction of the highway would allow "Mechel" to eliminate the debt, which generally amounts to $ 9 billion.

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