Mechel says devaluation of the rouble is a true sign of faith
Edited by Rhod Mackenzie / 2015-03-02 07:52:08
CEO of “Mechel” O.Korzhov says that devaluation of the rouble is a true sign of faith, TASS reports.
“Weakening of rouble means the reduction of our debt in dollar terms. It is a true sign of faith,” he said.
He noted that since July 2014, the total debt of the company reduced from $8.6 to $6.4 billion – by more than 25%.
