One of the options for helping Russian aluminium company Rusal which was hit by U.S. sanctions is a temporary nationalization of the aluminum giant, a Kremlin spokesman Dmitriy Peskov said on Thursday, according to Interfax.
He was commenting on a proposal set out by Alexander Shokhin, a former deputy prime minister,...
Russian steel manufacturers are anticipating a rising domestic demand in 2018 thanks in large part to Russia’s economic recovery, chief executive officer of major Russian steelmaker Severstal Alexander Shevelev said.
The assessment comes despite expectations that current buoyant global steel prices would edge lower mid-year, Metal Bulletin reported.
“In 2017 Russian...
Further work on the creation of a modernized frigate of project 22350M was suspended after the development of the outline design of the ship due to the lack of a customer’s decision, as stated in the report of Northern Design Bureau JSC (Northern Design Bureau, part of United Shipbuilding...
Russia’s Energy Ministry considers it reasonable to attract foreign investors to exploration of the Russian Arctic shelf for unallocated licenses, minister Alexander Novak told reporters on Tuesday, according to TASS.
"We believe that it may be considered within the unallocated subsoil reserve fund," he said, adding that today the law...
One of the world’s largest coal companies, Russia’s SUEK, said it plans to sign an agreement with the authorities of the Khabarovsky region on the construction of the third stage of a large coal terminal, East Russia news agency reports.
JSC Daltransugol, a subsidiary of SUEK, will implement the deal,...
Russia’s biggest gateway, the Sheremetyevo International Airport has won the approval to reconstruct its northern Terminal C, thus reaching another development milestone.
The engineering design of the new terminal complex received the green light from Russia’s state authority for the project’s supervision, Glavgosexpertiza, Russian Aviation Insider reports.
Terminal C will process international...
The Amur Shipbuilding Plant in Russia’s Far East may receive the largest order for the construction of warships in its history, sources told Vedomosti.
According to a top manager in the industry and a person close to the Russian Defense Ministry, the parties are discussing the terms of a contract...
Precious metals miner Polymetal International said Wednesday it has been added to the MSCI Russia Index for the first time since it listed on the Moscow Exchange in June 2013, Morningstar reports.
The company, operating in Russia, Kazakhstan and Armenia, said the index measures the performance of large and mid-cap companies in...
A multifunctional elite complex in the Russian capital Moscow, which is being built by local developer Capital Group, will set the highest price for residential property in Moscow and the whole of Russia, according to sources close to billionaire Vladislav Doronin, co-owner of Capital Group.
The new complex, expected to...
A ruined palace once used by the Russian tsars can now be taken over and renovated by the country’s biggest oil company, state-run Rosneft, draft legislation provisionally backed on Tuesday by lawmakers reveals, according to Reuters.
The Ropsha Palace, 18th-century residence near St. Petersburg built by order of Peter the...
