Government to save metallurgists from debt hole. The first in the line are Zyuzin and Deripaska. “They took a lot of loans in chase of new assets acquisition”
Edited by Rhod Mackenzie / 2013-11-26 06:20:12
Metals and mining Norilsk Nickel RUSAL Russia Evraz Mechel Russia Metals and Mining Aluminium Nickel Steel
The state will have to extinguish the debt fires of industrial enterprises again, as in crisis 2008-2009, to maintain relative economic stability and jobs. The day before Dmitry Medvedev had to hold a meeting to discuss the debt problems of Mechel, UC Rusal, Evraz and Norilsk Nickel. In addition to the Chiefs of problem enterprises, the Minister of Economic Development Alexei Ulyukaev and the Minister of Industry and Trade Denis Manturov were at the meeting with the Prime Minister.
The particulars of the meeting weren’t disclosed, but, as the Izvestia has got to know, the main issues were elaboration of economic measures to maintain the enterprises “afloat”, as well as the protection of the Russian companies’ interests abroad.
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