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. Last Updated: 07/27/2016

Court Blocks Exports

MOSCOW -- A regional court has blocked exports by the country's fifth largest aluminum producer, Novokuznetsk Aluminum, a spokesman for the industrial group that controls Novokuznetsk said Wednesday.

"Kemerovo regional arbitration court ... has frozen the plant's accounts and seized aluminum shipments in Siberia, in the port of St. Petersburg and elsewhere," said Sergei Sidorov of Moscow-based MIKOM. "The plant is losing around a million dollars per day as a result."

An employee of the plant in Novokuznetsk confirmed exports had stopped but said production was continuing as normal.