Russian companies have entered “preliminary discussions” to build a refinery for Sri Lanka’s state-owned Ceylon Petroleum Corporation (CPC), the head of the fuel retailer said on Friday, according to Reuters.
The facility, expected to cost up to $2.7 billion, will have a capacity of 100,000 barrels-per-day (bpd), CPC Chairman Dammika...
U.S. sanctions will cause extended damage to the business of Russia’s top aluminum producer Rusal, sending its shares down more than 7 percent despite the company reporting a 20 percent jump in first-quarter core profit, the company warned on Friday.
According to Reuters, Rusal said even though longer-term effects of...
The volume of meat production in Russia is on a sharp rise, data from Russia’s information-analytical agency EMEAT reveals.
The volume of meat production in the country (excluding backyard operations) reached 1281.9 thousand tons in slaughter weight during the period from January to February 2018, which is 10.7% or 55.7...
A major infrastructure project in Iran worth $180 million is in doubt after a Russian company commissioned to build a water desalination plant pulled out of the deal, Kommersant reported on Thursday.
The Russian-Middle Eastern Export Center now refuses to carry on with the project, citing the return of U.S....
The Crimean Bridge, a controversial project connecting the Kerch Peninsula of annexed Crimea and Russia’s Krasnodar region will be opened on May 15 or a day later, as the exact date depends on the schedule of Russian President Vladimir Putin, who will attend the opening ceremony, Gazeta.ru reported.
The 12-mile...
Russian Billionaire Viktor Vekselberg has urged his country’s government to implement a batch of measures to help reduce the effect of sanctions on his airports business, Rusaviainsider reported. Vekselberg is the owner of Renova Group and one of the 24 Russian businessmen and officials named in the United States’...
Russia’s state corporation Rostec does not expect the latest U.S. sanctions against Russian defense companies to seriously affect their position, state-owned TASS news agency reported.
Rostec is the parent company of both Russia’s defense export agency Rosoboronexport and the Instrument Design Bureau, entities that were sanctioned by the U.S. State Department on...
Several new large pig production facilities are being built in Russia despite the fact that self-sufficiency has almost been reached and in some cases there is an oversupply, Kommersant business daily reported.
The combined worth of the pig farms currently under construction in Russia reaches a hefty $3.3 billion and...
The Permanent Court of Arbitration (PCA) in The Hague, the Netherlands, has ruled that the Russian Federation must compensate some Ukrainian companies about US$159 million in losses caused by the annexation of Crimea, Interfax Ukraine reported.
“On 2 May 2018, having deliberated, the Tribunal issued its unanimous Award on the...
On May 9, the United States imposed sanctions against Russian entities and companies that, according to Washington, violated U.S. legislation on non-proliferation of weapons of mass destruction.
According to a notice from the State Department’s Federal Register, the list includes 28 structures from Iran, Syria, Russia, Saudi Arabia, Turkey and North Korea....
