Some 40,000 cyclists taking part in Moscow cycle paradeSociety & Culture May 28, 18:33
Corporation Irkut: MS-21 first flight performed in routine modeBusiness & Economy May 28, 16:54
Ukrainian military launch more than 180 shells, mines on Donetsk within one dayWorld May 28, 16:36
Minister: Russia may supply 1,000 MC-21 planes to 2037Business & Economy May 28, 14:42
Lavrov: China, ASEAN interested in organization of Eurasian partnershipRussian Politics & Diplomacy May 28, 11:45
MC-21 airliner makes first test flight - sourceBusiness & Economy May 28, 11:00
Putin congratulates Border Guards on their professional holidayMilitary & Defense May 28, 10:57
Ukrianian court puts on hold lawsuit against ban on Russian social networksWorld May 28, 6:10
Russia’s Lasitskene wins high jump in Diamond League event in Eugene, USSport May 28, 4:59
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.