Russian Helicopters, a subsidiary of state-owned corporation Rostec, will cash in $120 million for the direct sale of 20 multi-purpose light Ansat aircraft to the Chinese Association of Emergency Medicine, the company told Kommersant.
The company is negotiating a deal for the supply of another 50 helicopters to state and...
The Russian branch of the World Wide Fund for Nature (WWF) will not be opposed to the construction of the Nord Stream 2 gas pipeline project, as long as the route is changed from along a nature reserve in the Leningrad region to the coastline of the Gulf of...
The main shareholder in Russian real estate developer LSR, Andrey Molchanov, plans to keep control over the company even though he reduced his stake last month, Reuters reported.
The businessman and founder of LSR reduced his stake by 9.71 percent via a sale to investors last month, leaving him...
The construction of a special Center for Infectious Diseases near Moscow as a part of measures to stem the coronavirus outbreak has started this week, with over 2,000 workers engaged in the project, Argumenti.ru reported.
Officials in the capital say they are trying to work with the best construction firms...
South Korea’s Hyundai Construction Equipment Co., an equipment producer under Hyundai Heavy Industries Group, said that it has clinched a $30 million order from Russia, Yonhap News reported last week.
The company will supply 300 units of construction equipment, including 260 excavators, to a Russian customer by the end of...
For more than 25 years, Omsk, one of Russia’s largest cities, located deep in Siberia, has had an ongoing project to build a subway to serve its more than 1 million residents.
After spending billions of rubles over that period, engineers have almost nothing to show for their efforts: one...
Russian steelmaker Severstal has announced the construction of wire mill 170 in the long-rolling production segment at Cherepovets Steel Mill, 35media.ru reported.
The total investment is expected to amount to approximately 11 billion rubles. The mill line will include a heating furnace, a hydraulic descaling unit, stands 3, 4, 5 and...
Russian authorities have decided to suspend construction of a controversial $162 million landfill in northern Russia after months of protests against plans to ship waste in from Moscow, Vedomosti reports.
Moscow vows that activities at the disputed construction site in Shiyes will cease starting June 15, the business newspaper reported, citing...
The crash of the ruble last month has led many Russians to buy real estate in a bid to protect their money, and a 31% rise in apartment sales in Moscow was observed last month, Reuters reported citing the country’s cadastre office.
A total of 14,801 sales of already built...
After 30 years, a failed Soviet rocket project from the end of the 1980s might see new life, as Russia is planning a new super-heavy rocket based on the Energia from 1988, Popular Mechanics reports.
According to the report, although a high-profile expensive project would invigorate the troubled industry, its...
