The Russian steel and iron ore producer Metalloinvest Holding (Metalloinvest) has announced that in September it fulfilled the planned repayment of credit amounting to Ruble 6.963 billion (approx. $236 million) to Russia's state-controlled lender Sberbank.
Accordingly, Metalloinvest repaid its debt due in September to Sberbank within the established contractual time limit, from its own funds, and said it has the resources to repay more.
"The company fulfills all credit obligations without delay in payments. We have all the necessary resources for this and all the payments will be performed exactly as scheduled," Metalloinvest's CFO Eduard Potapov stated.
The sum Metalloinvest owes Sberbank has not been disclosed, but reportedly in August this year it was in the region of Ruble 60 billion (about $2 billion).