VTB Bank on 9 September 2015 signed an agreement with Mechel Group companies to restructure approximately RUB 70 billion of debt owed to the Bank by OJSC Mechel and its subsidiaries OJSC Yuzhny Kuzbass, OJSC Yakutugol and PJSC ChMK. Under the terms of the agreement, VTB has extended the grace period for repayment of the principal till April 2017 with monthly payments thereafter until April 2020.