VEB considers schemes of Mechel’s salvation to be too risky

Vnesheconombank (VEB) doesn’t want to participate in the suggested scheme by the state banks-creditors of Mechel for the company’s salvation by the means of purchasing its bonds or shares. The state corporation acknowledges the supervision council headed by the Prime Minister, D. Medvedev, might make it agree. Kommersant has learnt that last week the management of VEB already asked D. Medvedev to find alternative variants of solving Mechel’s problems.

All the suggested variants of Mechel’s salvation are loss making for VEB, the head of the state corporation, V. Dmitriev, said yesterday in Yekaterinburg. It concerns the scheme with 35 bln roubles as well as with 180 bln roubles, he said. As the former is not clear for us without the latter scheme, and the decision on 180 bln roubles is also loss making for us. The scheme with Evraz’s participation was also called by the head of VEB not clear adding that it hadn’t been yet discussed with the head of the state corporation.