construction of an oxygen unit, construction of electric arc furnace facilities, construction of thick-plate Mill 5000 and the cold-rolling Mill 2000 complex. In 2000–2016, total investments of the company amounted to $13 billion, including about $10 billion in MMK's development. Philanthropic activities Viktor Rashnikov annually allocates about $25 million to the company's social and charitable pursuits, including: He also built sophisticated medical facilities and two ski resorts in the nearby Urals. Due to MMK's environmental activities, total emissions had been reduced by 37.5% and the specific emissions by 47.4%. In 2011–2016, environmental spending of the company averaged 3.5-4 billion rubles per year. The company recently adopted a long-term environmental program through 2025, with funding of more than $600 million. Rashnikov's contribution to social development of Magnitogorsk is recognized by the Russian government. December 3, 2009 Metallurg Magnitogorsk Rashnikov is the owner and the president of Metallurg Magnitogorsk ice hockey team. Since he took over in 1993, the team worked up a reputation as one of the top Russian teams of the new era. With the support of Rashnikov and MMK, in 2006 on the bank of the Ural River a modern ice palace with a capacity of more than 7,500 people was built (the investments amounted to $50 million). The Arena Metallurg stadium is the base of the Metallurg ice hockey club, as well as the junior ice hockey team Stalnye Lisy (Steel Foxes). Personal life Rashnikov was born to a Russian family. He is a Russian Orthodox Christian. He has two daughters. He owns a Gulfstream G650 registered VP-BOT (operated by Jet Aviation Business Jets) and previously owned a Bombardier Global 5000 registered VP-BJN. References External links Magnitogorsk Iron and Steel Works Metallurg Magnitogorsk Russian oligarchs Russian politicians Russian billionaires Businesspeople in steel 1948 births People from Magnitogorsk Living people Russian individuals subject to the European Union sanctions