Russian court approves seizure of owner's stake in gold producer Uzhuralzoloto, Interfax says

A court in the Russian city of Chelyabinsk ruled in favour on Friday of prosecutors' motion to transfer ownership of shares in gold producer Uzhuralzoloto (UGC) UGLD owned by businessman Konstantin Strukov to the state, Interfax said.

Russian prosecutors filed the lawsuit to seize Strukov's stake in UGC, one of the country's largest gold producers, last week.