The Ukrainian Metal

Russia: Defense Ministry and Guard allowed to sell scrap without auctions

The Russian president Vladimir Putin has granted the Russian Guard and the Ministry of Defense the right to sell their scrap of ferrous and non-ferrous metals without auctions to TransLom.

The products of armament and military machines cannot be sold.

TransLom is the ex-RZD company.

Since October 2016 its revenue increased 2-fold in 2018, to 27 billion rubles, and the net profit – to 1.4 billion rubles. (Ukrainian metal)

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