UrBC, Yekaterinburg, December 28, 2018. EVRAZ Holding’s West-Siberian Metal Plant (ZSMK) completed the overhaul of its Blast Furnace 3. This is expected to increase the time between repairs and make the blast furnace even more productive. Around RUB 2bn got directed to all the renovations, EVRAZ Holding Siberia’s Corporate Relations Center reports. ‘The blast furnace jacket is now 90% new replacement; the cooling system got restored 100% and the firebrick lining of the chimney, the tuyere area, and the blast furnace stack have been fully replaced. The furnace’s charging system got repaired as

UrBC, Moscow, December 28, 2018. Russia’s Central Bank annulled the licenses of five Forex dealers: OOO Forex Club, OOO Fix Trade, OOO TrustForex, OOO TeleTrade Group, and OOO Alpari Forex. These businesses can no longer operate on the securities market or act as Forex dealers. ‘The decision to annul the licenses had to do with numerous violations of the Russian securities legislation throughout the year: the companies failed to comply with the Bank of Russia’s regulations, failed to keep up with the internal accounting standards, submitted inaccurate reports to the Bank of Russia, and

UrBC, Yekaterinburg, December 28, 2018. The Ural Bank for Reconstruction & Development (UBRD) and Visa came up with a few special New Year offers for customers willing to take a break from the cold winter and fly somewhere warmer, the bank’s press service reports. The UBRD customers can now spend their winter break at Dubai Shopping Festival, the world’s largest trade fair held since 1996; the event attracts plenty of visitors every year. ‘Sellers offer discounts on nearly everything that you can find on the Persian Gulf’s shore. Premium goods can be had up to 75% cheaper compared with

UrBC, Yekaterinburg, December 28, 2018. The Ural Bank for Reconstruction & Development (UBRD) will provide the financial guarantees for the state-run infrastructure-building project in the Far East. The bank’s Saint Petersburg subsidiary issued AO EKS Group a bank guarantee (RUB 365m) valid through October 29, 2020. Far East Development Corporation acts as the deal’s beneficiary, the UBRD’s press service reports. The bank guarantee is meant to finance the construction of the first portion of highways and storm-water sewers at Rakitnoye, a site within Khabarovsk Priority Development Area

UrBC, Moscow, December 28, 2018. UC RUSAL Chair of the Board of Directors Matthias Warnig has recently resigned, the company reports. Warnig’s successor is expected to get elected at the next BOD meeting on December 27, 2018. ‘I am confident that I can hand over to my successor a successfully developed company. My mission is completed’, said Mr. Warnig. ‘With the planned de-listing of the company from the OFAC’s [The Office of Foreign Assets Control — Ed.] SDN List, we stand in front of a new strategic development, also in the Board of Directors, therefore now is the optimal point in