German steel makers are getting serious about Russia. According to Michael Hanisch, the President of Germany's SMS Demag AG, who is now taking parting the economic forum in St. Petersburg, his company intends to build a large steel mill in the Urals to produce large diameter pipes.
Mr. Hanisch said the overall investment was planned at EUR 1.2 billion. The mill is expected to output first pipes in three years after the beginning of its construction and will employ thousands of Russia's highly skilled workers. A special programme to educate metallurgists for the project will be introduced in leading colleges in Russia.
A detailed interview with Michael Hanisch will be published at a later time.
The discovery of the submarine has unveiled a few "inconsistencies." For example, how can one explain the fact that the sub was found where it needed to be searched for from the start?
This problem is not limited to the situation with the "whale prison" in Russia's Far East, because many people buy tickets to go to oceanariums and turn a blind eye to the problem