Sverdlovsk Region’s division of Rosprirodnadzor (the state environmental watchdog) carried out a number of inspections at regional enterprises. As a result, Pervouralsk-based Russian Chrome 1915 was found guilty of twelve environmental violations and was therefore given five orders, the spokesperson for Rosprirodnadzor reports. The enterprise will also have to face administrative prosecution as a legal entity.

The Bank of Russia’s PR Department reports that due to Tyumenenergobank’s inability to meet the creditors’ demands, a decision was made to annul the license allowing the bank to perform banking operations starting December 4, 2008. The bank’s former file number was 2419 as of July 12, 1993. The Bank of Russia’s decision was validated by order OD 915 as of December 3, 2008 and was based on Article 19 and Article 20 (part 2, paragraph 4) of the Federal Bill On Banks and Banking Activity and Article 74 (part 3) of the Federal Bill On The Central Bank of The Russian Federation (The Bank of

Following the decision taken by Evraz Group’s Board of Directors, Alexander Abramov was elected BOD Chairman, thus succeeding Alexander Frolov, who is to remain the company’s President, the company’s press officer reports. The main idea behind the new appointment is expanding the scope of strategic and tactical decision-making. Alexander Abramov will be responsible for coordinating the Board of Directors’ performance, while Alexander Frolov is to go on with the daily management of the company’s metallurgical and ore mining enterprises.

Central Bank of Russia reports volume of loans given by Yekaterinburg Municipal Bank to sole traders for 181 days to 1 year went down by 12.08% (from 209.4 million RUR to 184.1 million RUR) in October 2008.

Leader Holding Company acquired 33.3216% of CIT Capital after all the rights and responsibilities associated with these shares were transferred to Leader Holding Company as a result of the business’s reorganization. At the same time, CIT Capital went through with the 100% equity carve-out in CIT Yekaterinburg’s authorized capital.

Governor of Chelyabinsk Region Petr Sumin awarded the Medal of Honor to the region’s Minister of Agriculture Ivan Feklin after the Russian Federation President Dmitriy Medvedev signed an order to this extent to reward the Minister for his work achievements and longstanding conscientious service. Ivan Feklin has been the Minister of Agriculture for three years now. His strategy is based on the unified state policy aimed at the agribusiness’s development and providing the region’s dwellers with good quality foods. The ministry keeps working on the farms’ technical upgrading and introduction of