Saturday, March 2, 2024
Russia and India are likely to sign a contract for construction of four Project 11356 or Grigorovich-class, also designated Upgraded Krivak III frigates in June, TASS news agency reported Tuesday quoting a source in diplomatic and military circles as saying. "In June, a package contract is expected to be signed...
A number of Major Japanese trading houses such as Mitsubishi Corp, Marubeni Corp, Sumitomo Corp and Mitsui & Co. have canceled Rusal’s shipments of refined aluminum and other products in light of U.S. sanctions, industry sources said. The Russian company, which is the world’s No.2 producer, and its owner, Oleg...
Two weeks ago, aluminum prices seemed to struggle, with some analysts thinking the metal might have shifted to the bearish country. However, U.S. sanctions against Rusal, one of the world’s largest producers, caused aluminum prices to jump by more than 13% in the week since the U.S. Treasury announcement...
The concept of a new super heavy-lift launch vehicle is expected to be ready by mid-December, Head of Russia’s Roscosmos Scientific and Technical Council Yuri Koptev said in an interview with the Izvestya newspaper. "As of today, the closest benchmark is the middle of December 2018. By that time, we will...
Russia is able to complete the construction of Turkey's Akkuyu nuclear power plant even if it is unable to attract other investors, Russian Energy Minister Alexander Novak said, according to YeniSafak. "Already, $3 billion has been invested... If they won't find an investor, it means that the plant will be...
Security agents in Poland have arrested a government official on suspicion of providing Russia with secrets about tactics Warsaw planned to use to try to block the construction of the Nord Stream 2 gas pipeline, the Polish government said on Monday. Stanislaw Zaryn, spokesman for the minister responsible for the...
IPSCO, the U.S. unit of Russia’s largest producer of steel pipes for the oil and gas industry, TMK, is expected to benefit from new U.S. import tariffs on steel and aluminum imposed by President Donald Trump, the company said. TMK said IPSCO did not import steel, so should benefit from...
The Egyptian government approved on Wednesday an agreement to establish a Russian industrial zone in East Port Said with $7 billion in investments, according to Egypt Today. Negotiations over the project began in 2014. The industrial zone is set to be built on a 5.25 million-square-meter plot of land over...
Global aluminum demand rose by 6% to 64.2 million tons in 2017, Russian aluminum giant Rusal has announced. In the world excluding China, demand grew by 3.7% to 29.2 million tons, while Chinese demand increased by 7.8% to 34.9 million tons, the company said. “Despite high aluminum prices there is...
Regional leaders on Friday launched construction work on the Afghan section of an $8-billion (€6.5-billion) natural gas pipeline from Turkmenistan via Afghanistan and Pakistan to India, The New York Times reports. Turkmenistan holds the world's fourth-largest gas reserves but has been heavily dependent on exports to China after Russia cut...