Russia said it will challenge before the World Trade Organization (WTO) any move by the United States to impose planned stiff new tariffs on imports of Russian steel and aluminum, RFE/RL reported, citing Russian state-run news agency TASS.
After the U.S. Commerce Department recommended last week to impose new import...
UK-based company Eurasia Mining says platinum production at its West Kytlim operation in Russia had been undermined by contractor issues, Morningstar reports.
Just 66 kilograms, or 2,122 ounces, of platinum had been approved by authorities as to the maximum approved production limit for 2019, due to 'delays and inconsistencies by...
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...
After a five-year hiatus brought on by Western sanctions, Russian aircraft manufacturers are taking part in the 2019 Paris Air Show which kicked off on Monday at the French capital’s Le Bourget airport, Vedomosti reported.
The 53rd Paris Air Show, which will take place from June 17 to 23,...
Russian President Vladimir Putin on Thursday inaugurated a pharmaceutical plant in Siberia that will manufacture drugs to treat COVID-19 as the country reported record high numbers of new coronavirus infections and deaths, Reuters reported.
Russia has experienced a surge in infections since September, but authorities have resisted imposing lockdowns, relying...
U.S. carmaker Ford’s Russian unit, Ford Sollers, will recall 14,576 Ford Explorer cars in Russia due to suspension issues, the Federal Agency for Technical Regulation reported and Metrology (Rosstandard) said on Wednesday, according to RT.
The recall will cover cars sold from August 2012 to April 2018.
The reason for the...
Operating conditions in Russia’s manufacturing sector deteriorated in September, recording the biggest decline since the country’s financial crisis, according to IHS Markit’s influential purchasing managers’ index (PMI).
The indicator of business conditions in the manufacturing industry fell to a score of 46.3 for September, with readings below 50 signalling the...
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...
Billionaire Mikhail Prokhorov’s group, Karyo Holdings, has sold its entire 15.625% stake in Russian shoe producer and retailer Obuv Rossii, Intellinews reported. The buyer of the shares or the amount of the deal were not immediately disclosed.
Prokhorov bought a stake in a private equity deal between the company’s first...
Russia’s industrial output shrank 6.6% in April, the first full month of a lockdown due to COVID-19, driven by a drop in the manufacturing sector, data showed on Thursday.
April’s slump in output was not as severe as the 10% decrease analysts polled by Reuters had expected.
Russia’s economic indicators are...
