On December 23, 2016 Chelyabinsk Metal Works PAO (CHMK, Chelyabinsk) signed an interested-party deal - a guarantee contract with VTB Bank PAO to secure the debt liabilities of Mechel PAO (the borrower) under a loan agreement. Term of the deal is through April 6, 2025. The deal value is up to RUB 2,660,132,600.