Russia’s Tyumen State University has received a grant to develop a concept of "smart towns" in the country’s Arctic, the University’s press service said on Monday, according to Rossiyskaya Gazeta.
"The University, as a part of an international consortium, has won a grant for a big project "Smart Municipalities in...
A planned Russian high-speed railway line could be cut short due to funding and may not reach its final destination of Kazan in Russia’s Tatarstan, business daily newspaper Kommersant reports.
Construction of the costly project is planned to begin later this year. However, the report says that the railway’s funding...
The Russian town of Barentsburg, situated on Norway’s northern Svalbard archipelago, offers a unique combination of pristine Arctic beauty and Soviet-style industry to visitors. The tiny town, with a population of nearly 500, is now seeking to reshape its business-focus to become a modern hub for travelers exploring the...
Тhe average mortgage rate in Russia increased for the first time since early 2018, reaching 9.57%, the Bank of Russia said in a report, according to Vesti.ru.
According to analysts, the rate could go further up due to the introduction of new U.S. sanctions against Russia, especially if they hit...
Russia produced 11.21 million barrels per day (bpd) of oil in August, a figure which is virtually unchanged from July and is near a post-Soviet record, Energy Ministry data showed on Sunday, according to Reuters.
The country’s oil output has seen a sharp increase in the past two months after...
The continuing pressure of U.S. sanctions on the ruble is beginning to affect the economies of the former Soviet countries in Central Asia and the Caucasus, which are dependant on Russia and its currency, Intellinews reports.
According to the report, these countries are now suffering blows from two sides, since...
Russia will continue to destroy any sanctioned Western-made food products it discovers in its territory in 2019 after the government extended the validity of the rules for the destruction of sanctioned products, UkrAgroConsult reports.
The decision extends the validity of the rules for the destruction of agricultural products, raw materials...
Construction works for the Russian gas pipeline to Europe, Nord Stream 2, has started in German coastal waters and are now under way in four countries, Interfax reports.
The works are commencing despite the threat of sanctions from United States President Donald Trump and condemnation from the EU, the report...
Business opportunities for Russian companies on the African continent will be promoted at the upcoming first edition of the Russia-Africa Trade and Investment Forum (RAfTIF), planned by organizers to be a platform that serves as a bridge between Russian and African businesses, Eurasia Review reports.
According to the forum’s Managing...
Exports from Russia’s liquefied natural gas (LNG) terminal in Yamal have grown faster than expected over the summer and exceeded volumes from Russia’s only other LNG facility, Sakhalin, for the first time in August, Reuters reports.
The global gas market, used to chronic delays, has been surprised by the pace...
