All countries observe oil output cuts agreement — Russian energy ministerBusiness & Economy January 22, 16:59
Rogozin calls "dangerous incident" UK botched missile launchRussian Politics & Diplomacy January 22, 16:32
Medvedev calls United Russia ruling party, president's main resourceRussian Politics & Diplomacy January 22, 16:27
Mutko calls silly information Infantino asks him not to run for RFU headSport January 22, 16:24
Seven parties to participate in Syrian talksWorld January 22, 9:54
Russia’s Pavlyuchenkova reaches Australian Open quarterfinalsSport January 22, 7:19
IBU Executive Board finds no grouns to suspend Russia's biathlon teamSport January 21, 22:53
Russia terrified watching monuments destroyed in Palmyra — culture ministerRussian Politics & Diplomacy January 21, 17:08
Russian bombers deliver successfully strikes on terrorists' facilities in SyriaWorld January 21, 15:39
MOSCOW, February 27 (Itar-Tass) - Deputy Prime Minister Arkady Dvorkovich said the Baikal pulp and paper mill will be shut down, and that the production will relocate to other companies.
"We've made the decision to phase out the Baikal pulp and paper mill within a year and relocate the production to other enterprises," Dvorkovich told reporters on Wednesday. The Baikal pulp and paper mill was commissioned in 1966. Its output made up some 200,000 tons a year. The state-owned Rosimushchestvo had a 49-percent stake in the company, and the remaining stake belonged to Nikolai Makarov's businesses. Bankruptcy administration was appointed in December 2010 and bankruptcy procedure will last until June 5, 2013, by the ruling of the Irkutsk region arbitration tribunal. On February 7, 2013, the tribunal replaced the company creditor - Alfa Bank and its subsidiaries -- with Vnesheconombank. The Baikal paper mill's debt reaches 1.352 billion roubles.