Perm-based AKB Uralskiy Finansoviy Dom’s losses skyrocketed by 599.46% in the third quarter of 2009 and thus amounted to 229.067 million RUR. The bank’s second quarter was not much better, as the losses came to 32.749 million RUR. The bank reports these losses have to do with the need to create bad debt compensation reserves.

This October, the Ural division of Rostechnadzor (the state technological and nuclear safety watchdog) is going to check VSMPO-Avisma Corporation and its daughter enterprises VSMPO-LESTA, VSMPO-Stroitel, Aluminum Profile, and VSChZL Ruslich for compliance with the industrial safety regulations. The inspectors will make sure the companies meet the electrical and environmental safety requirements as well as the Russian zoning standards. The inspection committee is to be chaired by Deputy Head of Rostechnadzor’s Ural division Anatoly Soloviev.

Sverdlovsk Region Arbitration Court satisfied Bank VTB’s sub-claim regarding the security for their main claim against Temerso and Nevyansk Machine-Building Plant. The court ruled that Temerso had no right to dispose its 74% shareholding in the plant’s authorized capital; in case the company does try to do anything with the share, it might have to pay a fine. The plaintiff originally took the case to court in order to make the two defendants pay back the 299,853,836.73-ruble loan.

The court of Nizhniy Tagil’s Dzerzhinskiy district ruled in favor of the local prosecutor’s demand that Uralvagonzavod pay moral damage compensation to the plant’s former worker who’d had an accident at work. The court’s decision came into effect on October 6, 2009, the spokesperson for Sverdlovsk Region public prosecution authorities reports. ‘It was detected in the course of our inquiry that the plant’s foremen were to blame for the accident, so the victim was not guilty of what had happened,’ the spokesperson explains. Dzerzhinskiy district’s public prosecutor, who took the case to court

Sverdlovsk Region Arbitration Court started processing the bankruptcy application of Nevyansk concrete goods plant. The company placed its application with the court on September 3, 2009 after its debts had run to over 100,000 RUR. The application was accepted by the court. The plant had actually faced some administrative liability in the past for putting up an apartment block in Nevyansk without conducting any state examination of their design documentation or engineering survey. The plant had also failed to get the official quotas for maximum permissible discharge of atmospheric pollutants.