Financial Services

UC RUSAL Plc (SEHK: 486, EuroNext: RUSAL/RUAL), the world's largest aluminium producer, announces the start of a new corporate social programme ‘The Territory of RUSAL'. It is directed at the development of social infrastructure and the support of socially effective initiatives in the regions of company's presence. The program encompasses years 2010-2011. The budget for the first stage of the programme is RUR 170 mln.

Alexander Grigoriev, General Director of the insurance company OSAO Ingosstrakh, and Dmitry Chernyshenko, President and CEO of Sochi 2014, today signed an agreement which sees the insurance company become an Official Partner of the XXII Olympic Winter Games and XI Paralympic Winter Games, taking place in Sochi in 2014.

Basic Element (Basel), the majority shareholder of Ingosstrakh, remains open for talks with the insurer's minority shareholders about raising the Generali's stake in the insurer, Interfax reported June 24 referring to Andrei Elinson, deputy CEO of Basel.

RP Newsline