Mechel agrees to pay 4.5 billion to VTB

Mechel has agreed to pay 4.5 billion rubles of interest debt to VTB. Earlier, President of VTB Andrei Kostin and Igor Zyuzin, the owner of 51.2% of the Mechel’s shares, held a meeting, during which they discussed the issue of restructuring the company's debt to the bank. At the meeting it was agreed that the company would repay 4.5 billion rubles of the interest debt, which consists of 44 billion rubles of interest payments on the loan, as well as fines and penalties for late payments.

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