Ukrainian Army units shell Donetsk Republic in first hours of newceasefireWorld June 24, 5:19
Politician says Russia vs Mexico football game will be interesting to watchSport June 23, 21:11
Kyrgyz president sees revival of relations with Russia as major result of his tenureWorld June 23, 20:49
Ex-premier says initiative to impeach Poroshenko stems from Ukraine’s economy collapseWorld June 23, 20:20
This week in photos: Confederations Cup opening and summer solstice celebrationsSociety & Culture June 23, 19:11
Turkish ambassador to Russia: Moscow and Ankara to join efforts in war on terrorWorld June 23, 18:45
Ukraine’s finance ministry files appeal to London Court against Russia in $3 bln debt caseBusiness & Economy June 23, 18:42
Ukrainian society tired of Poroshenko’s policy — expertRussian Politics & Diplomacy June 23, 17:58
Deutsche Welle sees Russian international broadcasters as threat to European ideasWorld June 23, 17:34
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.