Donetsk’s suburb comes under shelling by Ukrainian troopsWorld October 22, 4:16
Russia to host 2018 FIFA World Cup at highest level — MutkoSport October 22, 2:12
Wolf chosen as mascot of 2018 FIFA World Cup in RussiaSport October 22, 2:00
Warming in Russian-British relations not in sight over short term, says expertRussian Politics & Diplomacy October 22, 1:38
Ceasefire agreements signed with 15 more Syrian settlements — Russian Defense MinistryWorld October 22, 0:39
Russian State Duma speaker confirms readiness to meet PACE presidentRussian Politics & Diplomacy October 22, 0:15
Ukraine’s new anti-Russian sanctions to take effect on October 31World October 21, 21:22
Kremlin says Egypt’s rumored sale of Mistrals for $1 is ‘utter nonsense’Russian Politics & Diplomacy October 21, 21:13
Source: Mi-8 helicopter with 22 people onboard makes crash landing in YamalSociety & Culture October 21, 20:15
Both options envisage at least a temporary replacement of the company’s owner, the economic aide said.
One option is for state development corporation Vnesheconombank to join Mechel’s shareholders and the other scheme is for the company’s creditor banks to participate in the mining giant’s capital without Vnesheconombank, Belousov said.
“The choice has to be made by Mechel’s creditors and owners,” the economic aide said, adding a decision on the company’s fate was likely in the coming days.
Russia’s largest lenders Gazprombank, Sberbank and Gazprombank are among Mechel’s major lenders.
VTB Group CEO Andrei Kostin said in mid-July that the state should decide on whether it would participate in the company’s rescue and which rescue plan should be used in this case. If the government decides against its participation, creditor banks should elaborate some common approach, Kostin said at the time.
The VTB Group CEO also said that Mechel was a working asset and its problems would be resolved in one way or another.
Russian Industry and Trade Minister Denis Manturov earlier said the government was discussing various options of Mechel’s rescue, except financial injections from the budget.