Russia has launched the world's first floating nuclear power plant, the 70-megawatt Academik Lomonosov, on the Baltic Sea, state nuclear agency Rosatom has said.
Starting from St. Petersburg, the whole plant will be towed around Norway to Murmansk in Russia’s Far North to take on nuclear fuel. From there, it...
The world's largest pipelaying vessel, the Pioneering Spirit, reached the Turkish shore off Kiyikoy in northwest Turkey on Monday, finalizing the deep-water offshore construction of the first line of the TurkStream natural gas pipeline, Russian gas giant Gazprom said Monday, according to Platts.
The 31.5 billion cubic meters (Bcm) per...
A co-owner of Russian aluminum producer Rusal said on Monday a new strategy for the company was immediately needed after it was hit by U.S. sanctions, Reuters reported.
SUAL Partners, Russian billionaire Viktor Vekselberg’s investment vehicle and owner of a 22.5 percent stake in Rusal, said that Rusal’s board and shareholders...
The Russian Ministry of Industry and Trade has developed and approved a plan for localizing the production of critical LNG equipment for the country, with a price tag of around $10 billion, an official from the ministry has told the Izvestya newspaper.
The plan includes creating new scientific developments for gas...
Despite U.S.-Russia relations being at a low, Russia’s anti-monopoly watchdog has granted a provisional approval to American oilfield services firm Schlumberger for the purchase of a 49% stake in Russia’s Eurasia Drilling Company (EDC), Vedomosti reported.
The government’s Commission for Foreign Investments tentatively decided that the world's largest oilfield service...
Тhe idea of making it a criminal offense for Russians to observe sanctions imposed by the United States is a good one, Russian Prime Minister Dmitry Medvedev said in an interview broadcast on Saturday on state TV channel Rossiya 1.
Washington imposed sanctions on some of Russia's biggest companies and...
Moscow and Tehran have signed memorandums on the delivery of 40 Sukhoi Superjet-100 (SSJ-100) passenger planes to Iran at the Eurasia Airshow, Sukhoi Civil Aircraft President AleksandrRubtsov has said, according to Vedomosti.
Iran will receive the new SSJ100R version of the airliner by 2022, according to Rubtsov. Initially, both parties...
A probe by the U.S. House of Representatives Intelligence Committee has found no evidence of collusion between President Donald Trump's campaign and Russian officials during the 2016 presidential election, RFE/RL reports.
The committee's investigation into Russia's suspected interference in the election - the findings of which were published in a...
Russian independent gas producer Novatek sees the latest U.S. sanctions against Russia introduced in early April as "a mistake," but does not expect any new measures to be levied against Novatek itself, CFO Mark Gyetvay said Thursday, according to Reuters.
"It has become increasingly frustrating for all involved to deal with...
The overall sentiment of Russia’s urban middle class toward the economy improved during the first quarter of 2018 almost reaching the pre-crisis level of mid-2014, Vedomosti writes citing data provided by Sberbank, Russia’s biggest banking and financial conglomerate.
According to Sberbank’s Consumer Confidence Index, the so-called well-being index, that is the...
