Suppliers of hot-rolled (HR) and cold rolled (CR) steel sheet to Russia’s Central Federal District around Moscow kept prices unchanged for early 2019, despite an increase in the domestic value-added tax (VAT) rate, Metal Bulletin reports.
Effective 1 January 2019, VAT in Russia will increase to 20% from 18%....
Vietnamese Minister of Industry and Trade, Tran Tuan Anh, and Russian Ambassador Konstantin Vasilievich Vnukov last month signed and amendment protocol on supporting the production of motor vehicles in the territory of Vietnam.
According to the amendment protocol, these joint ventures will be enabled to import 2,550 CBU (completely built...
The first two of the 16 domestically-made engines for the Russian MC-21-300 passenger plane were mounted this week, in a move to eventually replace American-made Pratt & Whitney engines, AviaPort.ru reports.
The MC-21-300 is Russia’s first post-Soviet large domestic airliner. It is produced by the Irkut division of Russia’s...
Finland has not yet confirmed a major missile purchase from the U.S., which the Pentagon announced, the country’s Ministry of Defense said.
The ministry told Izvestya that Helsinki had not yet made a final decision on the supplier. The U.S. approved the $735 million in sales of Harpoon anti-ship and...
Russia’s RDIF sovereign wealth fund said on Monday it had reached an agreement with India’s Virchow Biotech to produce up to 200 million doses a year of the Sputnik V vaccine in India.
RDIF said full-scale commercial production would start after completing the transfer of technology in the second quarter,...
Korean carmaker Hyundai is among the companies that seek to snap up Ford plants slated for closure in Russia and within a month or two the fate of these facilities will have to be decided on, Russia’s Minister of Industry and Trade Denis Manturov told reporters on Friday, according...
Russia will pay compensation to Angola after the African country's first geostationary satellite Angosat-1 became inoperative, the Angolan Minister of Telecommunications and Information Technologies, Jose Carvalho da Rocha said at a press conference in Luanda on Tuesday.
According to Xinhua, the minister said that since April 23, when the satellite was declared...
Falling demand amid the COVID-19 crisis has taken a hit on car sales in Russia, which may drop up to 50% due to the pandemic, and the risks of massive layoffs at assembly and auxiliary enterprises is growing, Nezavisimaya Gazeta writes.
According to data provided by Boston Consulting Group, the...
Russia’s industrial output increased by 2.9% year-on-year in August, inching up from 2.8% y/y growth in July, and posting a total 2.6% y/y growth overall in the first eight months of the year, bne Intellinews reported citing data from Rosstat.
In seasonally and calendar-adjusted month-on-month terms, industrial production rose 0.6%...
European companies have suffered damages worth hundreds of billions of dollars because of U.S. sanctions against Russia’s military-industrial complex, Russia’s Deputy Prime Minister Dmitry Rogozin.
“The damage is estimated not even in tens, but in hundreds of billions of dollars,” Rogozin said, according to Crime Russia.
Speaking of RIA Novosti, Rogozin added...
