Russia’s Gazprom Neft and the Mitsubishi Corporation are assessing opportunities for cooperating in developing the Sakhalin offshore fields, TASS news agency reported.
The two companies have agreed to investigate potentially combining their competencies and know-how in implementing high-tech upstream projects in the Sea of Okhotsk.
“Several of the company's offshore projects are...
The deal between China’s Alibaba Group, Russia’s MegaFon telecom operator, the Mail.Ru Group and the Russian Direct Investment Fund announced at the Eastern Economic Forum on Tuesday might be the most important deal in Russian e-commerce history, analysts interviewed by Kommersant say.
The deal, set to become the largest in the...
Russia’s car manufacturer Gaz Group is facing supply chain disruption due to several European component suppliers ceasing trade with the company following U.S. sanctions on companies owned or controlled by Oleg Deripaska, Vedomosti reports.
According to the business newspaper, one of the effects is the supply of electric buses to Moscow as part...
Many Russian automotive manufacturers are increasingly switching to using national currencies, rather than the U.S. dollar, to pay for imported components in a move prompted by recent U.S. sanctions on Russia, the country’s Trade and Industry Minister Denis Manturov has said.
So far, trade with Turkey is the main...
A Russian cyber theft specialist accused of hacking JP Morgan, one of the world’s largest bank institutions, appeared before a New York court Monday after he was extradited from the Caucasus nation of Georgia, The New York Post reports.
The hack, which happened in 2014, is considered the biggest cybersecurity...
A U.S. seafood industry group is concerned that President Donald Trump’s planned tariffs against Chinese goods will help their main global competitor, the Russian pollock industry, Undercurrent news reports.
Trump’s administration is engaged in a trade war with China and plans to impose additional 10% to 25% tariffs on 6,031...
Russian gas producer Novatek has moved a step forward with its plans to build a $1 billion liquefied natural gas (LNG) trans-shipment terminal in the Russian Far East, Natural Gas World reports.
On Monday, the company signed an agreement of intent with the Russian ministry for the development of the...
Russian and Chinese businesses are considering 73 joint investment projects cumulatively worth more than $100 billion ahead of a meeting between presidents Vladimir Putin and Xi Jinping this week, ABC news reports.
Cooperation between China and Russia has intensified as both nations try to achieve economic stability despite the pain of...
More than 1,000 people were reportedly detained Sunday as thousands of anti-Kremlin demonstrators took to the streets in Russia to protest the government's plan to raise the retirement age in rallies coinciding with regional and local elections nationwide, The New York Times reports.
The protests triggered tense confrontations with...
International sanctions against Russia have complicated plans by Russia’s power company Rushydro to join a new aluminum smelter project that Rusal wants to build in Siberia, Rushydro’s head Nikolai Shulginov said on Monday, according to Reuters.
Rusal, the world’s No.2 aluminum producer after China’s Hongqiao, started work on the Taishet...
