Segezha Group notes positive trends, but fails to meet deadlines

Segezha Group sees positive trends emerging, but may not be able to meet the deadlines for fulfilling the bank covenants it has taken on as part of its debt restructuring, according to Tagir Sitdekov, President of AFK Sistema. He highlighted the appreciation of the yuan and the reduction of finished product stocks in Chinese warehouses as positive trends. Additionally, there is an opportunity to attract Chinese financing through the pledge of products at favorable rates. Furthermore, Chinese partners are interested in entering projects that have already been partially invested by the company, such as through the supply of equipment.