Russia’s Sberbank, Mechel unit settle $445 mln, 3.3 bln rbl debts

MOSCOW, Dec 21 (PRIME) -- The Moscow Arbitration Court on Monday authorized peaceful settlement of a U.S. $273 million and 1.7 billion ruble debt and a $172 million and 1.6 billion ruble debt of Southern Kuzbass Coal Company, unit of metals producer Mechel, to Russia’s Sberbank.

Sberbank raised the sum of penalty in change for the settlement of the $273 million and 1.7 billion ruble debt. The new claim amount was not disclosed.

The terms of the second agreement were not disclosed.

(71.3215 rubles – U.S. $1)

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