The World Trade Organization (WTO) on Friday ruled in favor of Russia in a “national security” case over a Ukrainian railway dispute, TASS news agency reported. According to analysts, the ruling may also lend support to global automobile tariffs that could be imposed by U.S. President Donald Trump.
The WTO...
A $96 billion modernization of Russia’s highways, airports, railways, ports and other transport infrastructure until 2024 has been gaining steam, The Moscow Times reports.
The six-year comprehensive plan is geared toward improving the connectivity of Russia’s regions, as well as developing strategic routes including the Europe-Western China transport corridor...
Sheremetyevo International Airport was officially awarded a 5-Star Terminal Rating from Skytrax, a prestigious award for airports and airlines acknowledging the top quality of passenger services. Terminal B received the 5-star rating at a special event in London on March 27, 2019.
“Skytrax 5-Stars is the pinnacle of recognition of...
Russia’s rail freight transportation company Rustranscom (RTC) holding said on Monday it was planning to list its global depositary receipts (GDRs) on the London Stock Exchange, Reuters reported.
The move would mark the first initial public offering by a Russian firm since 2017. The company plans to apply for...
A preliminary sum of around $1 billion was set aside for the construction of a new, unified headquarters of Russian Railways and all of the state-run monopoly’s subsidiaries, Vedomosti reported citing sources from the company.
The business newspaper’s sources said that this is only a preliminary amount, with the cost...
U.S. trade policies and sanctions against Russia have caused significant shifts in the composition of the country’s aluminium imports last year, Dawn.com reports.
After Washington introduced sanctions against Russia’s top aluminum producer Rusal last year, a sharp drop in imports of primary metal from Russia followed. China was hit hardest in the...
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...
U.S.-Chinese joint venture Xinyang Amsted has offered to start supplying Russia cast wheels, which are used in the United States, amid a growing deficit, Kommersant reports.
Currently, Russian trains are only using solid-rolled wheels, but the new state standards for cast wheels may be approved by this July. 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...
Austria will continue promoting the Russian-led Nord Stream 2 natural gas pipeline project despite the negative stance of the United States on the issue, Austrian Chancellor Sebastian Kurz said in an interview with Austrian broadcaster ORF.
" has clearly said that the United States is against this project. We...
