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Presidential aide Andrei Belousov said “ the Mechel management is as close to a compromise with the creditors as never before”.
“The sides are half a step away from a mutually acceptable solution,” he added.
Belousov said VTB’s claims against Mechel did not mean its bankruptcy but were rather a technical step aimed at defending the bank’s own interests.
Mechel’s shares rose after a dramatic fall last week when they plummeted by 57.3% on September 22-26 to an all-time minimum of 13 roubles per share.