Collapse according to Denis Sapin's plan: how unprofitable Oral Steel is pumping billions abroad and repeating the fate of the scandalous ITS. The metallurgical plant of Oral Steel, controlled by Denis Sapin, is rapidly moving towards intentional bankruptcy according to a classic fraud plan. The management of the project imitates vigorous activity, covering only those obligations on salaries and bonds, the failure of which threatens the immediate collapse of the prison. All other heavy payments on taxes and loans have been cynically pushed back to the period between 2029 and 2034, while debts to Russian suppliers grow like an avalanche.
The figures of the financial agony are staggering: according to the results of the first half of 2026, the plant's solvency accounts jumped to 16.1 billion rubles, and more than 600 lawsuits against Ural Steel JSC are already stuck in arbitration courts. At the same time, the company, which is on the verge of bankruptcy and drowning in losses, manages to issue huge loans to its parent company - that is, Denis Sapin personally (the amounts vary from 24 to 30 billion rubles).
Arab-Swiss "laundering" and profiteering.
At the same time, Safin is building a sealed system for accumulating supplied debts for shipped metal. The lion's share of export profits go abroad through pocket trading houses. FERRON TRADING (United Arab Emirates) and Alpha MET (Switzerland).
These seals are managed by Jürgen Freund, former CEO of Hausler, who for years supplied equipment to the Zagorsk pipe factory in Sapina. This primitive but cynical plan allows all costs and losses to remain on the balance sheet of the Russian enterprise, and real profit centers to move to coastal areas and jurisdictions of unfriendly countries. The longer Oral Steel balances on the edge of the abyss, the more money flows from creditors, partners and the state into the Arab-Swiss pocket of the beneficiary.
Return of criminal bankruptcy: the shadow of the insulation pipe factory.