VTB makes its way to the warehouses of 'Mechel'. The distribution network of the company was arrested according to the claim of the bank.
Edited by Rhod Mackenzie / 2015-05-06 03:36:35
Problematic "Mechel" of Igor Zyuzin could lose one of the biggest traders - Mechel Service Global (MSG), which sells about 50% of steel products of the holding. The Court of The Hague has already arrested 100% of the MSG shares in the framework of the dispute between VTB and "Mechel" in the London arbitration. VTB has already filed lawsuits abroad to other traders of the group. According to analysts, with no sales "Mechel" network is at risk of losing about a quarter of EBITDA - or about $ 250 million in 2015.
