“Gazprom” has reduced the size of the guarantee on the loan Firtash 60 billion rubles – media

The Gazprom group is partially ceded to a third party guarantee on the loan of Gazprombank, the company Ostchem Holding Limited of Ukrainian businessman Dmitry Firtash.

This was reported “Interfax” a source familiar with the situation, RBC.

According to the Agency, the transaction “Gazprom” will be a little less than 60 billion rubles, to reduce the reserve created for this responsibility. At the end of 2015, according to the report of the group according to IFRS, the amount of the guarantee made 61,404 billion rubles And now it is reduced to about 3.5 billion rubles.

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One of the sources said that the new guarantor for the loan has become a structure of Gazprombank.

In 2013, Ostchem and Gazprombank issued a loan of $ 842,5 million Ukrainian company with the money acquired from “Gazprom” gas, necessary for the operation of plants for the production of mineral fertilizers within the Ostchem group and which have become guarantors for the loan. Gas pumped into underground storage (UGS) in Ukraine. He was a pledge. In December 2014, because of a default of its obligations Ostchem and Gazprombank announced the loan and accrued interest of term to maturity and threatened to take her more than 5 billion cubic meters of gas.

In early January 2015, however, the Bank and the debtor announced the settlement of controversial issues. As noted by first Deputy General Director of Ostchem Oleg Kikta, the parties reached a “mutually acceptable solutions, the details of which will not be disclosed”. “Ostchem grateful to Gazprombank for their trust and the possibility of further cooperation”, — he said. Later it became known that to settle a dispute Ostchem and Gazprombank helped guarantee controlled “Gazprom” company.

We will remind, on March 20 the Russian company “Gazprom” has filed an appeal against the decision of the Kiev appeal economic court about forcible recovery from the company of a fine in the amount of 85,9 billion and penalties of the same size.

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