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Alfa-Bank Initiated Uraltransmash Bankruptcy

Alfa-Bank initiated bankruptcy of Uraltransmash, the TASS quotes Sverdlovsk Oblast Arbitration Court. Uraltransmash is Uralvagonzavod’s subsidiary.

Uraltransmash manufactures military products as well as tram cars and rail components. In particular, Uraltransmash was working at the R1 tram unveiled in 2014 and called locally an “iPhone on rails”.

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