United Wagon Company's structure, OVK Finance, has announced that it has defaulted on the 15th and 16th coupons on its Series 01 bonds dated 2013 with a par value of ₽15 billion. The amount of the obligations to pay the coupons is ₽1.3 billion.

The United Wagon Company's structure, OVK Finance, has entered into a technical default on its series 01 bonds dated 2013. The company has no ₽16.34 billion for coupon payments to investors and redemption of bonds. Bank Trust, which acts as one of the main shareholders of OVK, is now developing a plan of anti-crisis measures to resolve the situation.

UWC's RAS net income for 9M 2021 was ₽628.29 million, up 77.4% from ₽354.168 million in the previous year. Revenues fell 15.6% to ₽1.504 billion versus ₽1.783 billion a year earlier.

UWC's loss under IFRS for 6M 2021 was ₽0.43 billion, down 22.5 times from ₽9.698 billion in the previous year. Revenues fell 34.9% to ₽25.285 billion versus ₽38.859 billion a year earlier.