"The place where Europe and Asia meet"Magnitogorsk Iron and Steel Works (MMK) is the largest iron and steel company in Russia. Located in the city of Magnitogorsk, it was named after Mount Magnitnaya, a geological anomaly that once consisted of 70% iron. In fact, it's been said that their iron content was so rich that magnetic compasses could not function near it and birds avoided flying over it!
It is the 2nd largest city in Russia that is
not the administrative center of any federal subject or district and was designed as a planned city using
egalitarian (having equal rights) ideals. Per the original plans, it was to have a linear city design, be compact, semi-independent, and have community-centric elements like playgrounds, schools, theaters, etc, thereby being fully functional and also balancing work/life with nature.
This framework is an important concept behind Presidents Putin's and Trump's "Freedom Cities"More interestingly, Magnitnaya is located in the Ural region bordering Khazakstan which coincidentally overlays with a historic area known to conspiracy thoerists as Tartaria. Of note, the theory of Great Tartaria as a "suppressed lost land or civilization" supposedly known for its advanced technology, culture, and architecture originated in Russia, and in Russian pseudoscience, Tartaria is the "real" name for Russia, which is a fact commonly ignored in the West
News 20 June 2023: Moscow Exchange planning to launch index for "substitute" bonds
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