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Russian court orders freeze of 32.1 billion roubles at gold miner Uzhuralzoloto, company says
Russian court orders freeze of 32.1 billion roubles at gold miner Uzhuralzoloto, company says
About this update from Ugc
Russian gold producer Uzhuralzoloto (UGC) RUS:UGLD said on Monday that Russian bailiffs have frozen 32.1 billion roubles ($393.87 million) of the company's funds under a ruling by the Moscow City Court.The company did not disclose details of the court decision.In July 2025, a Russian court ruled that the majority stake in UGC, previously owned by businessman Konstantin Strukov, should be seized and transferred to the state.Russian prosecutors accused Strukov and several others of obtaining property "through corruption."In early February, Russian Deputy Finance Minister Alexei Moiseev said that the ministry hoped to sell the state's stake in UGC in March.($1 = 81.5000 roubles)