Sunday, April 21, 2024
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...
The European Union has decided to impose sanctions against six more Russian entities for being involved in the recent construction of the Kerch Strait Bridge -- a 19-kilometer-long bridge linking the mainland of southern Russia with the Crimean Peninsula, Interfax Ukraine reported. The unnamed companies will be added to the...
Turkish authorities announced that the construction of the Istanbul channel bypassing the Bosphorus will begin on June 26, Turkish TV channel Haberturk reported. Turkish President Recep Tayyip Erdogan intends to attend the ceremony of the start of the construction. The construction of the canal will begin with laying the foundation stone...
Russia’s biggest cargo airline, AirBridgeCargo (ABC), has decided to expand its scheduled freighter operations at Rickenbacker International Airport (LCK) to a twice-weekly frequency, a year after the company entered the market in Columbus, Ohio, Rusaviainsider reports. The company introduced Columbus into its global network in April 2018 and thus far...
Russia has recently been developing the Northern Sea Route, which is supposed to shorten the time needed for shipping between East Asia and Europe as global warming is lengthening the season during which ships can use this Arctic passage. But the project, seen by many in the West as another...
Russia had nothing against the construction of the Croatian LNG terminal but is ready to deliver cheap Russian gas to Croatia as much as necessary, Russia’s Ambassador to Croatia Anvar Azimov said on Wednesday, according to Croatian website Tportal. Asked to comment on the energy situation in Croatia, given that...
Nigeria’s federal government is negotiating with Russia’s Exim Bank and other investors from India to raise $46 billion to fund a massive railway modernization project, All Africa reports. The country’s transport minister, Rotimi Amaechi, revealed on Tuesday that President Muhammadu Buhari had given approval for a loan which will be...
Finnish railway operator VR said on Tuesday that passenger train services between Finland and Russia will be temporarily halted amid the coronavirus upon the two countries’ decision on limiting travel through the border, RIA Novosti reports.  "According to Russia’s decision, foreigners won’t be able to get there after 23:00 Finnish...
In a move to revitalize the nation’s economy through transportation infrastructure, Russia’s government will allocate up to $156 billion for road construction in various regions of Russia, President Vladimir Putin said in an annual Q&A session on Thursday.  Around $81.9 billion was spent on road construction in between 2012...
Private investment made it possible for the Russian government to increase its transport infrastructure spending plan to 7 trillion rubles ($110 billion) for the next five years, a spokesman for a senior government official said last week, according to Reuters.  In a bid to boost sluggish economic growth with large...