Sberbank has raised its claim against steel and coal producer Mechel and its subsidiaries, due to the company's failure to pay a principal loan debt. Sberbank, VTB Bank, and Gazprombank are the three largest creditors for Mechel; however, Sberbank is not satisfied with Mechel's debt restructuring proposals that were delivered in mid-April. The Russian company said it would seek compensation from Mechel.
Sberbank has raised its claim against steel and coal producer Mechel and its subsidiaries, due to the company's failure to pay a principal loan debt. Sberbank, VTB Bank, and Gazprombank are the three largest creditors for Mechel; however, Sberbank is not satisfied with Mechel's debt restructuring proposals that were delivered in mid-April. As of June 15th, Mechel's debt was $6.772bn.