On January 4-11, nearly 65 million rubles of MMK funds were transferred to the personal bank accounts of victims and relatives of those victims affected by the residential building collapse in Magnitogorsk.

The charity fund Metallurg, which distributes MMK’s targeted assistance funds, reported that as of January 11, 162 people who had been affected in various degrees of severity by the accident had applied for financial assistance from the Fund. 126 people applied for financial assistance in connection with a loss of property and 40 applications were received from relatives of victims of the tragedy.

All applications are promptly processed. During the week beginning with January 4, when the Metallurg Fund started accepting applications, 64.733 million rubles were transferred to personal accounts out of the 100 million rubles that Victor Rashnikov, Chairman of the Board of Directors of PJSC MMK, decided to allocate as targeted financial assistance. Applications for assistance continue to be accepted.

Earlier it was reported, that in line with MMK’s decision, close relatives (spouses, children, parents and dependents) would receive 1 million rubles, divided equally, for each person who lost their life in the tragedy. Those injured will receive 200,000 rubles for light injuries or 400,000 rubles for heavier injuries. In addition, to help compensate the loss of property, apartment owners and those renting under social tenancy agreements will receive from 300,000 rubles to 500,000 rubles depending on the number of rooms in the apartment. (MMK/Ukrainian metal)

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