MOSCOW, December 28 - RAPSI. A commercial court registered on December 27 an application filed by the Russian Mining and Metallurgy Company for the bankruptcy of Baltiysky Zavod shipyard, the court told the Russian Legal Information Agency (RAPSI/rapsinews.ru).

The Commercial Court of St. Petersburg and Leningrad Region has yet to schedule the hearing date.

Deputy Prime Minister Dmitry Kozak said on October 12 that the Central Bank transferred the Baltiysky Zavod's pledged shares to the United Industrial Corporation (UIC)for trust management. Baltiysky Zavod, owned by former senator Sergei Pugachyov's UIC, along with Severnaya Verf and Aisberg, was pledged as a security for the 32 billion ruble ($1 billion) loan granted by the Central Bank to the bankrupt Mezhprombank, also owned by Pugachyov.

The Baltiysky Zavod builds icebreakers, naval and large-capacity cargo ships. It also manufactures engineering products and energy equipment and supplies nonferrous and core-mold castings.