Russian metallurgists do not expect any problems due to the sanctions.

Russian metallurgical companies do not expect problems with the debt refinancing because of the worsening geopolitical situation and the threat of the new sanctions against Russia.

In general, the experts of the market support the optimism of the metallurgists: tightening credit conditions is inevitable, but they believe there will not be any critical implications for the industry.

Vnesheconombank previously stated that it was forced to put out, and not to refinance a syndicated loan as lenders dramatically tightened the borrowing conditions.

"The most credited companies are – "Mechel" and "UC Rusal" – should have no difficulties due to the restrictions on foreign borrowings, as at the time the companies shifted to Russian banks", - Juliya Oniksimova, the BFA Bank analyst states.

Other representatives – Evraz and "Severstal" predominantly have a public debt, and they do not have repayments in 2014, while "Nickel", Polyus Gold, Polymetal managed to refinance their debts before the imposition of the sanctions.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer