Gazprombank and Mechel decided to reach an amicable agreement

Gazprombank and Mechel filed a petition with the Ninth Arbitration Court of Appeal to approve a settlement agreement on Gazprombank's claim to recover $244.2 million from the steel company. Earlier, the court scheduled for September 25 the consideration of Mechel's appeal against the decision of the Moscow Arbitration Court, which in July fully satisfied the claim of Gazprombank.