Red October Steel Co. is located in Volgograd, one of the large/famous Soviet metallurgy facilities.
"The company entered bankruptcy proceedings in 2009.[4] In 2013 it came under the ownership of Dmitry Gerasimenko. In 2016 Gerasimenko was detained in Cyprus on fraud charges, over the alleged theft of a $65 million loan from VTB Bank.[5]"
https://en.wikipedia.org/wiki/Krasny_Oktyabr_(steel_plant)