The beauty of a debt is that its coal.
Edited by Rhod Mackenzie / 2015-11-27 06:56:31
"Mechel" can sell "Elgaugol" to banks.
The head of VTB Andrey Kostin stated the bank jointly with Gazprombank (GBO) can redeem LLC "Elgaugol" from "Mechel" of Igor Zyuzin. "Elgaugol" owns Elga deposit in Yakutia and the railway to the BAM, in which about 70 billion roubles are invested. According to "the Kommersant", state-owned banks-creditors can go back to selling the road to Russian Railways and VTB may then credit the monopoly. But in the long-term it does not solve the problems of "Mechel", analysts are skeptical.
