Sverdlovsk Region to back out of corporation on development of Urals’ north

30 January 2009 (08:16)

‘Sverdlovsk Region is not going to enter The Industrial Urals-The Polar Urals (a corporation created to support the industrial development of the Urals’ north). Joining this corporation would actually be illegitimate, because the procedure still needs a special legislature to support it; we need to make sure there isn’t going to be any trouble later,’ Governor of Sverdlovsk Region Eduard Rossel said in the course of a press conference in Yekaterinburg.

As it happens, the Governor had said earlier that Sverdlovsk Region was not going to provide any financing of The Industrial Urals-The Polar Urals using the budgetary sources, since the project was extremely costly.

‘The legislature we have on the budget prohibits any membership in any corporation. This isn’t something that is up to us to decide. We just can’t do it,’ Rossel explained.

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