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 two sides of a long-awaited bridge between Northeast China and the Russian Far East across the Amur River will be connected by the end of the week, Zvezda reported citing authorities.
Chinese authorities have ordered the construction of a customs and immigration facility for the bridge, which will serve as...
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...
Russian steel producer Evraz declared a second interim dividend after a half-year where earnings and free cash flow surged, Finam.ru reports.
The FTSE 100 group increased revenue 24.2% to $6.3 billion in the first six months of the year. Revenues were up 12% from Russia to $2.3 billion, 29% in...
Work resumed Tuesday to lay the second string of the TurkStream gas pipeline in the Black Sea, with a total of 706 km remaining to lay, the Gazprom-owned operating company said, according to Rossiyskaya Gazeta.
The first string -- which will transport Russian gas to the Turkish market from the...
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...
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...
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...
Construction of the Northern Latitudinal Railway (NLR) - a new railway line in Russia’s Far North region of Yamalo-Nenets, will help in improving the region’s transport and social situation, the Region’s Acting Governor Dmitry Artyukhov has said, according to Sever-Press.
The region is home to Russia’s largest liquid natural gas...
A masterplan competition for the coastal city of Novorossiysk was awarded to Zaha Hadid Architects (ZHA), the studio announced, according to Arch Daily.
ZHA teamed up with Russian practice Pride TPO to compete for the Admiral Serebryakov Embankment competition and was selected out of 40 teams from 13 countries. Miralles...