Billionaire Arkady Rotenberg has sold his construction firm Stroygazmontazh, a spokeswoman said on Thursday, according to Reuters.
Both Stroygazmontazh and Rotenberg, who is President Vladimir Putin's former judo sparring partner, have been under U.S. sanctions since 2014. Rotenberg was among the Russian officials and business executives blacklisted in the aftermath...
At least 7.5 billion rubles ($118.6 million) was embezzled from funds allocated to the construction of the Zvezda (“Star”) shipyard in Russia’s Primorye region, a police investigation has revealed, according to Interfax.
The probe into the theft has been underway since 2014, while the shipyard has been under construction since...
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...
A port in Russia's Far East could be developed by South Korea in order to help local companies take advantage of its strategic location, the country’s Oceans Ministry said on Monday, according to Yonhap News.
The Ministry of Oceans and Fisheries said it will carry out the feasibility study until...
The construction of a 12km-long bypass, already dubbed Russia’s largest road project for the next five years, has been launched by authorities in Russia’s Volgograd Region, Aif.ru reports.
“This project is one of the largest for the next five years I’m not talking merely about money, I’m...
The Russian government is mulling the continuation of a massive old infrastructure project – the country’s northernmost railway line Bovanenkovo – Sabetta, in the Arctic circle, Vedomosti reports.
According to the report, state-run Russian energy giant Gazprom will work with Russian Railways on the construction of the railroad which will run to the...
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...
Moscow, Russia and Pakistan have signed a memorandum of understanding (MoU) on implementing a project to build an underwater gas pipeline from Iran to Pakistan and India, the Russian Energy Ministry said in a statement on Thursday, according to Neftegaz.ru.
"The memorandum provides for the identification of authorized organizations through...
The first flight, operated by Pobeda Airlines, has arrived this week at a newly-built airport in the Russian city of Saratov, which is named after legendary Russian cosmonaut Yuri Gagarin, RIA Novosti reported.
Built to replace Saratov Tsentralny Airport because expansion was impossible, Gagarin International Airport is the latest in...
Russian environmental organizations have protested Gazprom’s plans to build a gas pipeline to China in the Golden Mountains of Altai, a UNESCO World Heritage site, Kommersant reports.
The company’s works through the Ukok Plateau in Altai come following comments from Gazprom CEO Alexei Miller, who said last week that the...
