Magnitogorsk Iron & Steel Works (MMK) developed a technology for the production of coin metal with unique properties, the company’s PR Department reports. ‘Experts from Russia’s largest coin-making enterprise GURT sent their technical specifications for the metal meant for ten-ruble coins out to Russia’s leading metallurgical enterprises in 2009. Ensuring the low surface roughness, precise thickness, and a limited hardness range all at the same time was not easy, but our metallurgists managed to do this. A special technology was elaborated at MMK’s Central Control Lab that made it

The Bank of Russia’ PR Department reports Khanty-Mansiysky Bank has had to face administrative liability for the administrative violations described in Article 15.27 of the Russian Federation Administrative Offense Code. The said Article concerns an organization’s failure to meet the AML/CTF legal requirements.

Sverdlovsk Region Arbitration Court sustained the claim laid by OOO Outdoor City against ZAO Zeta Motors and made the defendant pay 100,000 RUR. According to the files of the case, the two companies signed an agreement for locating and displaying a number of advertising materials in December 2009. OOO Outdoor City promised to display the ads in Vosmoye Marta St, Malyshev St, and Karl Liebknecht St in Yekaterinburg. The ad campaign services cost 245,580 RUR, but Zeta Motors did not agree to pay a portion of the sum of its own accord and left the plaintiff’s queries unanswered. The court ruled

A Yekaterinburg-based businesswoman insists that OOO Adidas pay the rent it owes her. Sverdlovsk Region Arbitration Court has set the hearing of the case for May 16, 2012. According to the available data, a sole trader Galina Savelyeva wants the company to pay her 5.24m RUR, hand over the shopping premises under the transfer act, and sign the end-of-rental-term contract. The money in question is the rent covered for by the agreement the two parties signed on May 16, 2005 and pertaining to the period between August 27, 2011 and January 20, 2012. Now the defendant’s representative denies the

An American-Russian joint venture for artificial resin production is being set up in Nizhniy Tagil at the moment. The resin is meant to satisfy the needs of the abrasives, friction materials, and tire-making industries. The JV, founded by Uralkhimplast and SI Group, is called Uralkhimplast SI Group and will be located on the premises of Tagil Chemical Park, the company’s press release says. This project is part of Governor Alexander Misharin’s initiative for the creation of a chemical cluster in the Mid-Urals. The negotiations for the project began in 2010, the decision to set up the JV was

According to the Director-General of Mid-Urals Development Corporation Sergey Filippov, all the unfinished construction jobs on the premises around and inside Yekaterinburg EXPO exhibition center will be completed within deadline limits, so all the jobs will be over before Innoprom 2012 kicks off. ‘The recent stoppage had to do with both the weather conditions (repairing the parking lot during the snow-melting period makes no sense) and the prolonged disagreements between the customer and the general contractor, Rusgrad. Now Rusgrad is not happy with the final cost of the construction jobs