On December 23, 2016 Mechel PAO (Moscow) signed an interested-party deal - a guarantee contract with VTB Bank PAO to secure the debt liabilities of CHMK PAO (the borrower) under a loan agreement. Term of the deal is through April 6, 2025. The deal value is RUB 5,294,605,144. The deal was approved by the Board of Directors on December 21, 2016.