Enel Russia, part of Italian energy holding Enel, intends to commission a wind farm in the Rostov region in December 2020, Yulia Matyushova, financial director of Enel Russia, said during the company's annual shareholders meeting.
The wind park located in the Murmansk region is expected to be put into operation...
President Vladimir Putin drove across a new 12-mile bridge to Crimea in a large orange construction truck on Monday, inaugurating his latest megaproject and tightening Moscow’s claim to the disputed territory, The Guardian reported.
The bridge, finished six months ahead of schedule, established a land link from Russia to the Crimean...
One of the options for helping Russian aluminium company Rusal which was hit by U.S. sanctions is a temporary nationalization of the aluminum giant, a Kremlin spokesman Dmitriy Peskov said on Thursday, according to Interfax.
He was commenting on a proposal set out by Alexander Shokhin, a former deputy prime minister,...
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...
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...
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...
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...
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,...
