Mayak Asset Management to pay 500m fine

The first court sitting concerning Mayak Corporation Real Estate Management Ltd. took place on October 5, 2006. The members of Yekaterinburg Municipal Council Consumers’ Rights Committee attended the sitting as well as the parties. According to their report, the Court of Ordzhonikidzevskiy District of Yekaterinburg considered the case of the plaintiff, who had signed an apartment construction agreement with the company, on September 12. Mayak Corporation Real Estate Management Ltd. had promised to build, to have and to hold the plaintiff a two-room apartment on the 16th floor of a block

‘Mayak Production Association of Ozersk, Chelyabinsk Region, is the world’s second largest producer of radioactive isotopes nowadays. 48% of the global market belongs to Canadian Nordin International, and a 20-21% share of the market is controlled by Mayak. This means that Russian nuclear power industry is going strong alongside with the leading global powers,’ General Director of the company Vitaliy Sadovnikov announced at the press conference held in Interfax-Ural Information Agency. ‘As for South Ural nuclear power station, even though is has not been contructed yet, it is already a part

‘Mayak Production Association of Ozersk, Chelyabinsk Region, is the world’s second largest producer of radioactive isotopes nowadays. 48% of the global market belongs to Canadian Nordin International, and a 20-21% share of the market is controlled by Mayak. This means that Russian nuclear power industry is going strong alongside with the leading global powers,’ General Director of the company Vitaliy Sadovnikov announced at the press conference held in Interfax-Ural Information Agency. ‘As for South Ural nuclear power station, even though is has not been contructed yet, it is already a part

OAO Pnevmostroymashina will have to pay a 700,000-ruble fine for an administrative offense related to its activity on the securities market. The decision to this extent was taken by Ural Federal District’s division of the Federal Financial Market Service.

OAO Gazpromneft-Ural is to pay a 500,000-ruble fine for committing an administrative offense in the securities market field; the company’s charges are based on Article 15.19 (part 1) of the Russian Federation Administrative Offense Code. The decision to this extent was made by Ural Federal District’s division of the Federal Financial Markets Service.