{"id":23156,"date":"2025-09-18T05:15:11","date_gmt":"2025-09-18T05:15:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/23156\/"},"modified":"2025-09-18T05:15:11","modified_gmt":"2025-09-18T05:15:11","slug":"one-in-six-major-firms-cannot-manage-debt-obligations-united24-media","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/23156\/","title":{"rendered":"One in\u00a0Six Major Firms Cannot Manage Debt Obligations \u2014 UNITED24 Media"},"content":{"rendered":"

A\u00a0significant portion of\u00a0Russia\u2019s largest companies are struggling with mounting debt, with one in\u00a0six major firms unable to\u00a0manage their financial obligations, The Moscow Times reported on\u00a0September 17, citing Russia\u2019s Central Bank.<\/p>\n

This marks a\u00a0growing financial crisis, as\u00a0economic stagnation, high interest rates, and declining demand continue to\u00a0take their toll.<\/p>\n

Among the Russian companies facing<\/a> difficulties are VK, Ozon, the United Aircraft Corporation (UAC), Rusal, Mechel, and AFK Sistema. These firms, along with others like OMZ, Energia, and M.Video-Eldorado, have seen their debts rise, with a\u00a0total net debt of\u00a0nearly 42$ billion\u2014around 1.7% of\u00a0Russia\u2019s GDP for 2024, according to\u00a0The Moscow Times.<\/p>\n

\"The<\/p>\n

Read more<\/p>\n

CategoryWar in Ukraine<\/a>The Russian Monster Built on Oil and Loopholes is Already Choking<\/a><\/p>\n

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VK, Russian social network headquartered in\u00a0Saint Petersburg, for instance, has seen its debt triple in\u00a0three years and reported a\u00a0record loss of\u00a0almost 1.2$ billion by\u00a0the end of\u00a02024. Despite a\u00a0stock issuance to\u00a0raise funds, the company continues to\u00a0struggle, particularly in\u00a0attracting users to\u00a0its platforms.<\/p>\n

Ozon, one of\u00a0the first Russian online stores, while increasing its turnover, also posted significant losses and remains burdened with a\u00a0debt exceeding 2.8$ billion.<\/p>\n

Rusal, the largest aluminium producer in\u00a0Russia, has accumulated more than $6 billion in\u00a0debt and is\u00a0highly dependent on\u00a0global aluminium prices for profitability.<\/p>\n

Coal and metallurgical group Mechel, meanwhile, is\u00a0in\u00a0a\u00a0serious financial trap, with a\u00a0loss of\u00a0over 432$ million and net debt significantly higher than its market value. AFK Sistema also faces similar issues, with a\u00a0debt of\u00a03.7$ billion, The Moscow Times reports.<\/p>\n

The Russian Union of\u00a0Industrialists and Entrepreneurs has urged the Central Bank to\u00a0lower interest rates, currently at\u00a017%, to\u00a0help struggling businesses.<\/p>\n

However, the Central Bank has been cautious due to\u00a0the fiscal challenges created by\u00a0Russia\u2019s ongoing invasion of\u00a0Ukraine, with government spending surpassing revenue.<\/p>\n

\"Russia\u2019sCategoryLatest news<\/a>Russia\u2019s Economy Flatlines: Sberbank Warns of\u00a0Near-Zero Growth<\/a><\/p>\n

\n Sep 04, 2025 14:33\n <\/p>\n

Russia\u2019s Central Bank\u2019s review noted that the corporate sector remains \u201cfinancially stable and capable of\u00a0meeting its obligations to\u00a0creditors.\u201d The regulator also estimates that troubled companies accounted for just 8% of\u00a0total corporate debt at\u00a0the end of\u00a0last year, a\u00a0figure that could rise to\u00a010% this year.<\/p>\n

Previously, it\u00a0was reported that Russia\u2019s economy had reportedly came to\u00a0a\u00a0halt. Experts from the Institute of\u00a0National Economic Forecasting (INEF) of\u00a0the Russian Academy of\u00a0Sciences concluded<\/a> that the country\u2019s GDP growth is\u00a0stagnating, <\/p>\n

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\n Related articles\n <\/p>\n","protected":false},"excerpt":{"rendered":"A\u00a0significant portion of\u00a0Russia\u2019s largest companies are struggling with mounting debt, with one in\u00a0six major firms unable to\u00a0manage their…\n","protected":false},"author":2,"featured_media":23157,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,46],"class_list":["post-23156","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/23156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=23156"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/23156\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/23157"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=23156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=23156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=23156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}