VTB Bank 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. VTB Bank, Sberbank, and Gazprombank are the three largest creditors for Mechel; however, VTB Bank 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.
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.