UrBC, Chelyabinsk, August 24, 2018. ChelPipe Group’s net profit (calculated in accordance with the Russian Accounting Standards) came to RUR 5.621bn in the first half of 2018, which exceeded the figures for one year earlier by as much as 168%, the company press service reports. The company’s revenues amounted to RUR 94.941bn in the first half of the year, up 31% on a year earlier. The Group’s gross profits came to RUR 23.477bn (+36% on a year earlier). ChelPipe Group’s EBITDA increased to 17.1%. According to the company’s analysts, this was due to improved performance through larger output

UrBC, Yekaterinburg, August 24, 2018. EVRAZ Holding opened a Miners’ Dynasties Photo Exhibition in Mezhdurechensk in celebration of the upcoming Miner’s Day, the holding’s press service reports. There are twenty photographs in the exhibition altogether, featuring families of Kuzbass miners from Mezhdurechensk, Novokuznetsk, and Malinovka; the photos were taken by Pavel Markelov and Denis Rassokhin. The collection is now housed by the city’s Exhibition Hall. The people in the photographs are six labor dynasties: the Kutzes from Raspadskaya-Kokskovaya Mine, the Titovs and the

UrBC, Magnitogorsk, August 24, 2018. MMK Group’s asset MMK METIZ made RUR 260.7m in net profit in the second quarter of the year, which exceeded the figures for one year earlier by 1.7 times, the Group’s press service reports. The company’s net profit reached RUR 413.42m in the first half of the year overall, which was actually 40% less than in the first half of 2017. MMK METIZ’s sales revenues came toRUR 11.513bn in January-June 2018, which was 20% more than one year earlier. Second quarter’s sales amounted to RUR 6.13bn, which was 14% more than one year earlier.

UrBC, Yekaterinburg, August 24, 2018. Twenty of Komi’s remotest locations will get stable mobile connection and high-speed Internet access in the first quarter of 2019 thanks to MegaFon; the company intends to invest more than RUR 110m in the constituency’s digital development, the ISP’s press service reports. The Republic of Komi’s Government and the digital operator MegaFon agreed to invest in the territory’s communications development together. A large-scale telecom construction works will soon be taking place in Komi’s poorly accessible and remote locations in order to introduce better

UrBC, Moscow, August 24, 2018. The Bank of Russia will refrain from buying foreign currency for the Russian Finance Ministry between August 23 and September 30, 2018. ‘The decision was made in order to make the financial authorities’ actions more predictable and to decrease the forex markets’ volatility. The eventual decision to resume buying foreign currency will be taken based on the actual financial market situation throughout September 2018,’ the bank states. The last period the Bank of Russia halted its foreign currency purchases was six days long, and the Central Bank purchased larger