A unique gem-quality rough diamond, transparent with a visible yellow shade and weighing 98.8 carats, was mined at Zapolyarnaya kimberlite pipe, which is the part of the Verkhne-Munskoye diamond deposit on February 17, Russian diamond producer Alrosa said in a statement on Wednesday, according to AK&M.
"This is the second...
Russian oil companies and the country’s energy ministry are planning a March 1 meeting to discuss a deal between OPEC and other leading global oil producers to reduce production, two sources familiar with the plans told Reuters on Wednesday.
A source from a gulf country-member of the Organization of the...
Russia’s state-run monopoly Russian Railways and the Russian Export Center are currently studying the possibility of trans-border railway lines and intra-country railway development projects in Africa, and are looking to tap into a $20 billion per annum credit line made available by the African Export-Import Bank (Afreximbank) for the...
Russian miner Amur Minerals’ shares were up on the London Stock Exchange on Tuesday after the company said it had reduced the cost estimate for a road connecting its Kun-Manie nickel-copper sulfide project in Russia to the Baikal Amur rail line to $129 million, Morningstar reports.
The updated estimate...
Palladium prices hit another record high on Tuesday, surging above $1,550 as the threat of strikes by South African mineworkers added to supply concerns in an already tight market, Kommersant reports.
The silvery-white precious metal has risen 21 percent so far this year on a sustained supply deficit. Russia...
Poland is determined to end its reliance on Russian energy within the next few years, and increasingly turning toward the United States in the process, the New York Times reports.
Warsaw’s policy is part of a broader effort in Europe to diversify energy supply amid rising dependence on Russian...
The long-standing deputy chief executive of Russia’s gas giant Gazprom, Alexander Medvedev, who oversaw an increase in gas exports to Europe, has been relieved of his post, the company said on Monday without providing further details, according to RIA news agency.
Medvedev, who had been Gazprom's deputy chief for...
Croatian businessmen see a lot of potentials to strengthen their country’s economic relations with Russia, particularly in the energy, tourism, pharmaceutical, construction and agriculture sectors, HINA news agency reports.
At a meeting of the Croatian Business Council for Cooperation with the Russian Federation and a seminar on how to...
Russian authorities have proposed extending a food embargo to prohibit imports of all kinds of meat and breeding stock supplied to the country by the U.S., the European Union, Canada, Australia, Norway, Ukraine and a number of other countries, RIA Novosti news agency reported.
"The proposed changes are due to...
Russia’s Industry and Trade Minister Denis Manturov said during a working meeting with President Vladimir Putin on Monday that the country’s manufacturing industry grew by 2.6% in 2018, state-run news agency TASS reports.
"Overall the results are positive in all sectors of industry. Manufacturing industry grew by 2.6%," he...
