Thursday, December 1, 2022
Russia’s state-run fund dedicated to innovation, RVC, and Russian Railways (RZD) have teamed up to launch to two venture funds for industrial and digital investments, reports East-West Digital News reports. Scheduled for launch in 2021, the funds will support early-stage projects, which have “the potential of developing synergies with the...
The cost of constructing the second Severomuysky tunnel on the Baikal-Amur Mainline (BAM) could amount to $3.9 billion, Kommersant writes citing the project’s feasibility study prepared by the Institute for Economy and Transport Development. The capacity of the Severomuysky tunnel at the moment is 16 pairs of trains per...
Russian truck and heavy machinery producer Kamaz has opened a subsidiary in Indonesia to increase sales of its products in the Southeast Asian country, the company’s press service said on Wednesday. "The company named PT Kamaz Trucks Indonesia has become a hub for Kamaz in Indonesia and obtained a status...
Russia’s state-owned United Aircraft Corporation (UAC) has practically completed the process of import substitution in its military segment, the company’s CEO, Yuri Slyusar, told a round-table reviewing the corporation’s activity under sanctions. "We have practically finished import substitution in the military segment, and in this respect our vulnerability is minimal,"...
According to Shipyard General Director A. Alexander Buzakov,  the acknowledgement act for the ice-resistant North Pole platform, which is still being built at Admiralty Shipyards in St. Petersburg, will be approved in the summer of 2022, TASS reports. "The platform is set to undergo short-scale sailing tests on September 25,...
Russia’s Finance Ministry has suggested setting aside 112 billion rubles ($1.75 billion) previously assigned for the construction of the Moscow-Kazan high-speed railway, to Novatek’s project, the Utrenniy terminal for the Arctic LNG 2 plant, a source in the Russian government’s Executive Office told RBC. This information was confirmed by...
Russian steel pipe producer Chelpipe is focusing on increasing exports and investing in high-value added projects amid a competitive domestic market, its chief executive officer said in an interview with Reuters. The company, controlled by businessman Andrei Komarov, has hired banks to organize a potential share offering n Moscow this year,...
Regular freight rail services via the 19-km-long Crimea Bridge, which connects the peninsula with mainland Russia, will kick off on July 1, Russian President Vladimir Putin said on Friday, according to Interfax. “The opening of regular rail services should have a positive effect on supplies to the Crimean market, its...
Moscow’s Sheremetyevo Airport held its World Cup ceremony when the legendary trophy was presented by airport management as part of the FIFA World Cup preparations. The ceremony was held in the new Terminal B, built especially for the tournament, Air Cargo News informed. The 110,500 square meter (362,533 square feet)...
Sheremetyevo International Airport won an award for strengthening Russia’s national security, Vechernaya Moskva reports. The airport’s perimeter protection system was recognized as the most innovative industry decision of the year, the news outlet adds. “A single complex of high-tech systems is in charge of protecting health of life of tens of...