Mezhprombank founded by Sergei Pugachiov (at present Tuvan senator in the Council of Federation) set up United Industrial Corporation (UIC) which is aiming at developing the largest deposit of stone coal in Russia in the place of Elegest (Tuva). Dmitri Sahno, member of the UIC Directors' Board, gave an interview to the Rossiyskaya Gazeta in which he shared the UIC plans in Tuva. Elegest's coal is considered one of the highest quality in Russia. Coal resources here make up 1 billion tones. UIC is planning to excavate in 6 years up to 12 million tones a year starting with 2 million tones in 2008.