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...
Russia’s biggest gateway, the Sheremetyevo International Airport has won the approval to reconstruct its northern Terminal C, thus reaching another development milestone.
The engineering design of the new terminal complex received the green light from Russia’s state authority for the project’s supervision, Glavgosexpertiza, Russian Aviation Insider reports.
Terminal C will process international...
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...
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...
Ukraine announced the creation of a group within the European Union aimed to block the construction of Russian gas pipeline Nord Stream 2, RIA news agency reports.
The country’s President Pyotr Poroshenko wrote on Monday on his social media pages that Ukraine is currently creating a group within the European Union to...
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...
Russia’s metals company Norilsk Nickel (Nornickel) will undertake an ambitious project to finance 50% of a housing renovation project in its home city of Norilsk in the Krasnoyarsk Region, TASS reported.
The program’s total cost is estimated at 85 billion rubles ($1.37 billion), the company’s Vice President Dmitry Pristanskov told...
According to TASS, the average cost per square meter of flats in Moscow grew by 17% in August 2021 compared to the previous year, while in St. Petersburg it increased by 34%, according to Alexei Popov, the chairman of the CIAN analytical center, TASS reports.
In August, the average projected...
Russia plans a $1.5 billion (100 billion rubles) highway to Crimea, in a bid to dramatically cut journey times and develop tourism on the peninsula it annexed from Ukraine in 2014, Liga.net reported Monday.
The first section will be 68 km long and is slated to cost almost 60 billion rubles ($919 million), with...
Nanotechnology will be used in the reconstruction of Tyumen section of a federal road running from the city of Yekaterinburg, the region’s construction department said on Thursday, according to Construction.ru.
The report says that for the first time, asphalt concrete will include bitumen additive DORSO, which has unique properties. In...
