"Mechel" agrees to pay VTB 4.5 billion roubles.

"Mechel" will pay 4.5 billion roubles of interest debt to VTB, "the Vedomosti" informs, citing sources familiar with the negotiations, on Thursday, March19.

Previously the owner of 51.2% of "Mechel" Igor Zyuzin and VTB President Andrey Kostin held a meeting where they discussed the restructuring of the company's debt to the bank. The parties agreed to the settlement of percentage of debt 4.5 billion roubles by "Mechel", which includes interest payments on a loan of 44 billion roubles, as well as fines and penalties for late payments.

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