Sberbank suspends legal action against Mechel

Sberbank of Russia has suspended all proceedings and legal formalities against its debtor - the company “Mechel”, the head of Sberbank G.Gref stated on Tuesday.

“It has some time. And if “Mechel” fulfills all the conditions, it is quite possible that the restructuring will happen. If it does not, we will resume proceedings against it,” Gref said.

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