Monday, February 26, 2024
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...
Pakistan’s defense minister has said his country is deepening its relationships with Russia and China after the U.S. decided to suspend $2bn in military aid to Islamabad. Khurram Dastgir Khan told the Financial Times that his government was engaged in a “regional recalibration of Pakistan’s foreign and security policy” that threatens...
Russia has allotted some $235 million to reconstruct airport infrastructure in its Far East region in the next two years, Asia Times reported. The move is aimed at stopping further depopulation in an area that accounts for more than a third of the country’s territory but just 5% of its...
A large casino zone will be opened in the Black Sea Crimea peninsula next year, according to the Moscow-appointed head of the region Russia annexed from Ukraine in 2014, Sergey Aksenov. He said the project, which was first announced in 2014, has now been given the green light. The opening...
Dangers could be lurking around the corner for Russian steel makers despite them ramping up production and making the most of rising prices and demand in 2017, Reuters reports. The country’s top two steel companies, NLMK and Evraz, reported this week their 2017 output is up by about 3 percent,...
Ahead of the 2018 soccer World Cup, Russia, the host country, is making final preparations on infrastructure projects critical to the event’s success. The 21st FIFA World Cup will take place in Russia between June 14-July 15, 2018, at 12 venues in 11 cities. To keep travel time manageable, all...
Ukraine’s Ministry of Economic Development and Trade lifted sanctions against the Russian coal supplier Yuzhtrans. The relevant order of December 28, 2017, was published in the electronic database of the ministry’s documents, Russian Tass agency reported. Ukraine introduced sanctions against 18 Russian companies on October 30, 2017, including Yuzhtrans. The...
Russian companies have reportedly expressed interest in building the first nuclear power plant in Saudi Arabia, as the Gulf country is pushing ahead with its renewables and nuclear power projects to meet rapidly growing power demand. According to Bloomberg, top Saudi officials said in Abu Dhabi that the contract for...
Russia’s Foreign Minister Sergey Lavrov said the Turkish Stream natural gas pipeline will extend further to Europe only if the European Commission provides ironclad guarantees that the project will not be obstructed, Tass news agency reported. "The second will only be constructed if we receive ironclad guarantees from the...
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...