MOSCOW, September 3 (RIA Novosti)
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Russian aluminum company Rusal has said it earmarked more than 200 million rubles ($6 milllion) to modernize an aluminum smelter in the Urals in the next two years, following demonstrations over the weekend about the future of the facility.
The firm also said it had made "a principle decision" not to lay off workers at the Bogoslovsky Aluminum Smelter, as earlier planned, in comments made by Rusal's press service. The company has said Bogoslovsky, in the town of Krasnoturyinsk, has been unprofitable because of increased energy costs.
The move comes after two separate rallies in the town on Sunday: one protesting cutbacks in production at Bogoslovsky announced by Rusal last week, and the other electricity cost hikes.
In the statement, the firm also dismissed a threat by Krasnoturyinsk lawmaker Ildus Khakimov to launch a hunger strike in a bid to "save the plant" as "self-advertisement" ahead of mayoral elections in the town.
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The main event of the third day of the 11th meeting of the Valdai International Discussion Club in Sochi was the closing session with President Vladimir Putin. The atmosphere was calm and open, despite the current political tensions and the Russia-West confrontation. The Russian president said that it corresponded to the spirit of the Valdai Club.