Net income of the Magnitogorsk Iron and Steel Works amounted to 4.730bn rubles ($152.6m) in the first quarter of 2003, compared to 244m rubles in losses in the corresponding period of 2002, the press service of the enterprise reported.
Sales income in the period from January to March 2003 was 6.785bn rubles ($218.9m). Sales proceeds were 20.35bn rubles ($656.5m) in the reported period.
In the first three months of this year the company produced 2.353m tons of agglomerate, 1.315m tons of coke, 2.306m tons of crude iron, 2.711m tons of steel, 2.413m tons of rolled metal.
In 2003 the company is planning to increase its production by 4 percent to 10m tons of metal products.
Russian Finance Minister Anton Siluanov announced a possible move that Russia can take in response to new US sanctions
When the bill was submitted to Congress on August 2, the reason for imposing the new sanctions on Russia was based on Russia's alleged interference in the US presidential election in 2016, but then something clicked
The Central Bank of Turkey announced measures to protect the financial market of Turkey against the background of the collapse of the Turkish lira and conflict of interests with the United States of America