The company Lovozersky Mining and Processing Plant has struggled for several years, and the only department still in operation is the souvenir shop, Vedomosti reports. The Russian Government plans to initiate a program for relocation of the 9500 inhabitants.
The Russian Government’s anti-crisis commission has put together a list of 27 one-company towns that need state financial support. 20 of these can count on federal allocations already in 2010. 10 billion RUB will be transferred to the towns as budget subsidies, while another 10 billion RUB will be given as three years credits.
Revda is the only town on this list that is planned to be shut down.
