UrBC, Magnitogorsk, May 15, 2019. The 4th Specialized Exhibition and Steel Structures Business Platform in Russia/Steel Structures 2019 opened in Moscow on May 14. Magnitogorsk Iron & Steel Works (MMK) and the metal goods plant MMK METIZ are both taking part in the event. According to MMK’s Information & PR Department, the two companies’ stand features a wide range of products and technological solutions that will interest metal structure manufacturers. This particular produce type is the one MMK focuses on specifically. ‘We sold more than 630,000,000 kg of metal goods directly to

UrBC, Yekaterinburg, May 15, 2019. Borrowers based in Ural Federal District took out nearly 31,000 mortgages (total amount: RUB 61 billion) in the first quarter of the year; this was 7.8% less than one year earlier in terms of the number of loans taken and 1% less in terms of the total amount. According to the Central Bank of Russia’s Ural division’s press service, respective mortgage period is 17 years and 7 months long on average (as of April 1, 2019), compared with 16 years and 2 months as of April 1, 2018. The average mortgage amount rose from RUB 1.9 million to RUB 2 million. Ural

UrBC, Moscow, May 15, 2019. Russia’s Industry & Trade Ministry suggests that alcohol should not be used in pharmaceutical products. The draft bill with all the amendments is now available at regulation.gov.ru. The proposed amendments would modify Federal Act 171 FZ (On State Regulation of Production and Circulation of Ethyl Alcohol and Alcohol Products and Restriction on Alcohol Consumption) and Federal Act 61 FZ (On Circulation of Medicines). It is explained that the ban has been proposed because there is a need for stricter control over circulation and application of ethyl alcohol and

UrBC, Moscow, May 15, 2019. United Company RUSAL’s net profit (calculated in accordance with the IAS) reached $273m in the first quarter of 2019, which was 49.8% less than one year earlier, the company reports. UC RUSAL’s revenues dropped by close to 21%, down to $2.17bn. According to UC RUSAL’s Director-General Evgeny Nikitin, last year’s events had their full effect on the company’s performance in the first quarter of the year; among other things, this holds true for the OFAC sanctions that only got lifted on January 27, 2019. The OFAC’s policy resulted in changes in the company’s sales

UrBC. Moscow, May 15, 2019. Russia’s car imports dropped by 8% in the first three months of the year (total number: 61,500 units), Autostat reports. According to Autostat, $1.6934 billion worth of automobiles got imported in Russia in January-March 2019. The number of cars imported in March (29,300 units worth $826.3m altogether) exceeded that of cars imported in February by 43.7%. It is also reported that the imports of freight trucks rose by 23.4% (up to 6,000 units worth $489.9m altogether) in January-March 2019; 2,700 units (worth $193.3m altogether) got imported in March alone, which