Gold and foreign currency reserves of Russia as of August 18, 2006 amounted to $275bn, reported PR-department of Bank of Russia. On August 11, 2006, the gold and foreign currency reserves came to $277bn, which means they have gone down by $2bn within a week.

Metallurgical Industrial Complex of Nizhny Tagil JSC (part of Evraz Group) is preparing to participate in the first UralMetalExpo industrial trade exhibition. The exhibition is to take place at the beginning of September at the State Show House of Nizhny Tagil. Among its participants are all major metallurgical companies of the Ural region. Evraz Group will be represented at the exhibition by its three Ural subsidiaries, namely, Metallurgical Industrial Complex of Nizhny Tagil and Vysokogorsky and Kachkanarsky Ore Mining and Processing Plants. To date, these companies have set up working

Kalina JSC announced that that it had settled its suit concerning Nefis Cosmetics JSC out of court in today’s press release. The consent decree signed today states that the parties withdraw all the claims against each other and; it also declares that all the disputes concerning the use of one another’s trademarks should be seen as settled by the parties; the parties admit that they have no claims against each other, be they the ones mentioned in the decree or the ones currently processed by the courts of arbitration. ‘This dispute between Russia’s two largest household chemicals and beauty

Federal Financial Market Service of Russia in Ural Federal District recorded the issue of shares by Svyaznoy Ural JSC, a mobile phone trader, on July 31, 2006. The issue consists of 10,000 shares with face value of 50 RUR each. The state serial number is 2-01-32318-D; the shares are to be distributed among the company’s shareholders.

According to the Central Bank of Russia, the volume of deposits made by nongovernmental financial organizations in UralTransBank JSC for a term of 181 days to a year has gone down from 7.325m RUR to zero throughout January to July 2006.