17% of Russia’s biggest companies struggling with debt, The Bell says affected firms include VK, Ozon, UAC, Rusal, and Mechel
In late May, Russia’s Central Bank published a report indicating that 13 of the country’s 78 largest companies were in financial trouble — a significant increase from six firms cited the previous year. Independent publication The Bell has identified the list, which includes social network VK, e-commerce platform Ozon, state aircraft holding United Aircraft Corporation (UAC), aluminum giant Rusal, coal and steel producer Mechel, and the diversified investment group Sistema.