Sverdlovsk Region intends to meet its obligations towards LUKOIL Oil Company in terms of providing the business with a number of land allotments, Head of the region’s Government Anatoly Gredin announced at his meeting with OOO LUKOIL-Permnefteprodukt’s acting General Director Mikhail Kobylko and the company’s representatives. Sverdlovsk Region and LUKOIL signed a cooperation agreement that stated the oil company would implement a number of socially important projects, while the regional authorities would help the business by offering the company some land allotments for setting up fuel

UralTransBank announced that OOO A-Service’s petition to declare the bank insolvent had no legal grounds. What is more, the bank intends to contest the court’s decision that the organization should pay about 1.4 million RUR worth of unjust enrichment back to A-Service. On April 12, 2010 OOO A-Service placed an application with Sverdlovsk Region Arbitration Court, asking to declare OAO UralTransBank bankrupt. ‘We see this application as an attempt of rights abuse,’ the bank’s official press release states. OOO A-Service has already managed to obtain over 1.38 million RUR worth of unjust

The net profit of Yekaterinburg’s oil plant decreased by 95.677 million RUR, or 42.2%, that is, from 226.615 million RUR down to 130.938 million RUR. However, the company does not explain whether this drop occurred over a period of one quarter or one year. The oil plant says their drop in net profit has to do with shrinking sales.

Evraz Group was forced to put off its rail facilities reconstruction program at Nizhniy Tagil Iron & Steel Works (NTMK) last year, Evraz Group President Alexander Frolov said in his interview to Kommersant. ‘Before the start of the recession, we were planning to renovate two of our works – the one in Nizhniy Tagil and the one in Novokuznetsk. Now we have to limit our efforts to the latter. We are to invest about ?300m in Novokuznetsk Iron & Steel Works over the next three years. ?50m have already been spent on advance payments for the machinery this year. As a matter of fact, we

OOO A-Service placed an application with Sverdlovsk Region Arbitration Court, asking to declare OAO UralTransBank bankrupt. This news is available from the court’s official reports. According to these reports, A-Service has already managed to obtain over 1.38 million RUR worth of unjust enrichment from the bank. The court states that this money was taken out of the plaintiff’s account by the bank as soon as A-Service had been declared insolvent. A-Service claims UralTransBank had no legitimate grounds for direct debiting. OOO A-Service was declared bankrupt on March 5, 2010 and is now