After receiving new equipment in June-July, the Chumakov Federal Scientific Center plans to increase production of the CoviVac vaccine against coronavirus infection, according to the center's Director-General Aydar Ishmukhametov, who spoke at the 9th international conference on efficient management in healthcare on Thursday, according to TASS.
The Russian Healthcare Ministry...
Aluminum prices in the United States and Europe will remain high for some time due to Russia's mining tax, however efforts to drive prices further up will likely meet headwinds from traders selling their equities, according to experts, Reuters reports.
From August to December, Russia placed a 15% tax on aluminum exports, with...
Vehicle imports to Russia dropped in February by 3.6% year-on-year after 22 months of steady growth, Automotive Logistics reported citing data by the Association of European Businesses (AEB). Analysts say the population's lower incomes and weakening purchasing power are among the reasons for the drop in imports.
In 2018, the...
Russia’s machine-building enterprise Uralvagonzavod (UVZ), which is part of the state-owned hi-tech corporation Rostec, is not affected by problems related to American sanctions against Russia, the company’s Chief Executive Officer Alexander Potapov told Kommersant.
“So far, we have not experienced any real problems. Sanctions keep us in a certain shape...
Russia’s fashion designers and industry investors received exciting news this week, as the government announced the creation of the Russian Fashion Fund, Forbes reports.
The new fully licensed non-profit entity is formed by the Russian Fashion Council and the country’s leading fashion e-commerce retailer Aizel.ru, with a mission to streamline...
Russian aluminum major Rusal has reduced its sales of value added products (VAP) in the first quarter by 44 percent from a year ago and by 22 percent from the last quarter of 2018, due to sanctions by the United States, Reuters reported.
Rusal was added to a U.S....
Russia’s Defense Ministry will get the first serial-produced Su-57 fifth-generation fighter in December, a source in the defense industry told TASS on Monday.
"The Defense Ministry will get the first serial-produced Su-57 with the operational first-stage engine on the single military output day in December this year and four more...
Serbia will buy Russia’s sophisticated short-range air-defense missile system Pantsir despite U.S. warnings of possible sanctions against the Balkan country if the transaction goes through, Business Insider reports.
According to Russian state news agency TASS, the Pantsir-S system will be delivered to Serbia “in the next few months in accordance...
Russian retailer X5 said that its adjusted earnings before interest, tax, depreciation and amortization (EBITDA) rose to 7.2% in full-year 2018, as the business reported “sustainable growth” for the year, Fresh Plaza writes.
The retailer made the announcement as it published its 2018 Annual Report, in which it said that its grew revenue...
Chinese company Hebei Bishi wants to construct a shipbuilding steel plant in Russia’s Primorsky Region with a capacity of 1 million tons, which is three times greater than the actual needs of Russian shipyards, Kommersant reported.
Local officials say the region needs such a plant, because the country’s biggest shipyard, Zvezda,...
