Saturday, March 2, 2024
Gold production in Russian in January stood at 17.84 tons, up from 15.67 tons in the same period in 2018, the country’s Finance Ministry said on Wednesday, according to Finmarket. Production for the period included 14.11 tons of mined gold compared with 12.26 tons a year ago, the ministry...
Coal production in Russia in 2018 increased by 5.9% year-on-year to 433.4 million tons, according to the Central Dispatching Department of Fuel Energy Complex (CDU TEK). Coal exports rose by 2.6% to 191 million tons in the reporting period, Newsnn.ru reported citing official data. Deliveries of Russian coal to the domestic market rose...
U.S. car manufacturer Ford will pay around $200 million in cash to workers and suppliers who lose their jobs when the company closes three of its plants in Russia in June, the company said in a statement. The U.S. automaker officially announced this week it is closing two assembly...
Russia will no longer produce the An-124 jumbo aircraft and is planning a new super-heavy aircraft to replace the Ukraine-designed “Ruslan” by 2027, Izvestya reports. The An-124 Ruslan is a heavy long-range transport aircraft designed in the Soviet Union. Historically, the Ruslan has been a staple of military and civilian...
Turkey has finished its special protecting probe on steel imports from Russia, without imposing restrictions, Russia’s Industry and Trade Ministry said in a statement on Tuesday, according to Mail.ru News. Turkey is the largest export market for Russian steelmakers. "As a result of an investigation, the Turkish side made a unanimous...
Russian billionaire Oleg Deripaska has agreed in principle to reduce his stake in Russia’s En+ Group, which manages his aluminium and hydropower assets, to less than 50%, CNN reports. The move, by which the businessman is ceding control over the group, comes after U.S. authorities suggested easing of sanctions...
Russia’s space industry is producing rocket engines no one wants to buy in order to beef up statistics, mirroring a policy last seen during the Soviet Union, Lenta reports in a series of articles. According to the author, Andrey Borisov, Russian firms are continuing to produce rockets the United States...
A nearly half-billion dollar contract issued to a Chicago-based steel company to make bunker-buster bombs is being revoked after complaints by lawmakers about the company's ties to a Russian oligarch, Bloomberg reports. The Air Force awarded a contract worth $419.6 million to A. Finkl & Sons Co. to produce bomb...
Washington’s sanctions against Aerocomposit (part of Russian state-run conglomerate United Aircraft Corporation) and ONPP Technologia (part of Rostec) have jeopardized the creation of what the company calls a "black wing" made of composite material for Russia’s key project in civilian aviation sector - the MC-21 jet, Kommersant reports citing...
Russia's manufacturing activity expanded at the fastest pace in five months in December, driven by accelerated growth in output and new orders, survey data from IHS Markit showed, Business Insider informs. The Purchasing Managers' Index climbed to 52.0 in December from 51.5 in the previous month. That was in line...