Uralvagonzavod owes creditors 39 billion RUR

Governor of Sverdlovsk Region Eduard Rossel met the General Director of Uralvagonzavod (the Nizhniy Tagil-based industrial giant) Oleg Sienko. The business executive explained that the global financial crisis had hit the enterprise really hard, with the company now owing about 39 billion RUR to its creditors (including .65 billion RUR worth of unpaid heating and electricity bills). At the same time, Uralvagonzavod did manage to pay all of its taxes, Sienko proudly noted.

Head of Sverdlovsk Region Government Viktor Koksharov and his first deputy and Minister for Industry and Science Anatoly Gredin were also present at the two executives’ meeting.

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