Russia plans to add two MC-21 planes to its existing fleet of test aircraft, defying production hurdles created by the United States, whose sanctions had cut off access to a variety of supplies that were essential to the project, RT reports.
One of the airliners under construction is allocated for...
Russian President Vladimir Putin delivered his State of the Nation address Thursday, announcing the country now has a nuclear capability unlike anything in the world.
Putin that Russia would not need new weapons if its legitimate concerns had not been ignored by Washington and its allies. “Nobody wanted to talk...
In a deal not yet seen in the Russian aircraft maintenance, repair and overhaul (MRO) industry, Russian company VTS Jets has acquired the Moscow Vnukovo’s maintenance station from its Swiss founder and owner Jet Aviation, which in turn is owned by USA’s General Dynamics Corporation.
According to Rusaviainsider.com, no financial...
Over half a million more Russians are living below the poverty line at the moment compared to early 2018, official data from the Federal Statistics Service (Rosstat) reveals, according to Lenta.ru.
Russia’s poverty rate reached 14.3%, or 20.9 million people, in January-March 2019, according to Rosstat. That’s up from 13.9%,...
An eccentric Russian mathematician who founded the notorious MMM pyramid scheme in the early 1990s that swindled millions out of their savings has died, his assistant said Monday.
Sergey Mavrodi, whose bespectacled face once featured on vouchers issued by the grandiose scheme, died at age 62, his assistant Alexander Vlasov...
The director of global risk and compliance at startup giant GitLab, Candice Ciresi, has resigned from the company, accusing the code hosting platform of engaging in discriminatory and retaliatory behavior, Business Insider reports.
The cause of Ciresi’s departure appears to be the company’s plan to stop hiring engineers in China...
The US Department of Commerce has completed the solicitation of opinions from market participants on the consistency of Russia's economy and market position.
The reason for this is the appeal of U.S. fertilizer manufacturers (CF Industries Nitrogen, Terra Nitrogen, Terra International), who provided the agency with "sufficient tariffs based...
Russia’s state-controlled VTB Bank, which recently shook Russia’s grain export industry by swiftly expanding in commodities, will exit the sector in a few years, once it has built up the assets, the lender’s CEO Andrey Kostin told Reuters.
VTB took on the task of creating a “national grains champion” in...
After experiencing its longest economic recession this century, Russia may have also noted its shortest recovery, Bloomberg reports.
According to the U.S. bank JPMorgan Chase, Russia has ended 2017 with two consecutive quarters of decline or a technical recession, which is a surprising cooling that stretches from troubled consumer spending to...
