The government has agreed to support the creditor banks “Mechel” – RBC

The government has agreed to support the creditor banks "Mechel" – RBC

Finance Minister Anton Siluanov

Photo: RIA Novosti

Finance Minister Anton Siluanov said about the government’s willingness to support the creditors of “Mechel” – VTB, Sberbank and Gazprombank, but expressed the view that the state should not save “inefficient enterprises».

the probability of bankruptcy “Mechel” does not mean that the company will be stopped, and his co-workers – “thrown into the street,” explained the head of the Ministry of Finance. Representatives of “Mechel” declined to comment on the statement.

«Politics is such that we no longer need to maintain financial institutions – in this case the banks – so that banks could contribute to these businesses,” – quoted by Interfax Siluanova.

He said that VTB, Sberbank and Gazprombank may become the new owners of “Mechel”. “The new owner will, which accumulates shares and will, can be more effectively managed. They gave loans to build up reserves, they suffered losses – we supported them, “- said Siluanov.

With regard to the probable bankruptcy of” Mechel “, the minister said that it does not mean that the company will necessarily be stopped and its employees’ thrown into the street ».

« In this case we are talking about the fact that the enterprise as a work, and will work, but there will come a more effective new management, the new owner will be better managed. This we need now. And is not that inefficient enterprises to save, “- said the head of the Ministry of Finance.

Siluanov promised that the government will” retrain and employ “workers” Mechel ».

« We have developed a program retraining. From next year, the program will be implemented by labor migration. That is, we will be at the expense of the budget provide employees with housing and installation costs. That is, will promote labor migration, and this, in our opinion, is absolutely correct in these conditions: not to save inefficient enterprises, and help workers, on the one hand, and on the other – to help financial institutions that lend to this company, “- concluded the Minister .

The head Andrei Kostin said today that the bank has not yet reached an agreement with the “Mechel” to restructure the loans.

«Simple restructuring, which would only put off the problem for another time and gave the current management and owners just some breathing room to continue to carry out the course that was, we are not satisfied, and we continue to work on our claims in court, and as long as the situation does not change, “- he told reporters.

last six months, “Mechel” is in talks with creditors to restructure debt. Gazprombank, VTB and Sberbank proposed plan is not satisfied. Banks for their part offer to convert $ 3 billion from $ 5.5 billion of debt into shares that are not satisfied with the principal owner of “Mechel” Zyuzin, the share of which in this case will fall to 10%. In late September, “Mechel” admitted late on payments of interest on loans, resulting in VTB and Sberbank presented the company claims for the recovery of about 4.5 billion rubles., Thus making a first step towards bankruptcy.