Regulator sends message to banks on potential restructuring of coal firms’ debts

Business & Economy July 01, 2025, 12:41

"The Central Bank has already released a special letter signaling to banks that such restructuring is possible with softer requirements without increasing reserves," Russian Deputy Energy Minister Dmitry Islamov said

MOSCOW, July 1. /TASS/. The Bank of Russia has sent a message to banks on potential restructuring of coal companies’ credit debts, State Secretary, Deputy Energy Minister Dmitry Islamov said in an interview with TASS.

Coal producers have been provided with a number of systemic support measures, including tax deferment from June 1 to December 1, with extensions possible on certain companies if necessary, a discount on the tariff in the western direction, restructuring of credit debts, the official noted.

"The Central Bank has already released a special letter signaling to banks that such restructuring is possible with softer requirements without increasing reserves. Considering accounts payable of 1.2 trillion (rubles), this is very serious support," he said.

Read more on the site →