German automotive giant Volkswagen said Tuesday it will stop production in its Russian plant between March 30 and April 10 due to lack of components supplied from European plants, the company told TASS.
"Due to the lack of components supplied from European plants Volkswagen Group Rus will temporarily halt production...
Russia’s top carmaker Avtovaz said on Saturday that two of its workers have been infected with the coronavirus, Reuters reports.
Russia, which has so far reported 253 cases of the virus and one death, has introduced a raft of economic and social measures to limit its spread.
Despite the infected workers,...
Turkey’s Tersan Shipyard has signed a contract to build a new 108-meter freezer stern trawler for one of Russia's leading fishing companies. Okeanrybflot’s new vessel is slated for delivery in mid-2022 and will be the sister vessel to newbuild no. 1096 planned to be launched in June this year,...
The seasonally adjusted IHS Markit Russia Manufacturing PMI rose from 47.9 at the start of 2020, to 48.2 in February, remaining in contraction, below the 50 no-change mark, IHS Markit, a global business data provider, reported on Monday.
Russia’s manufacturing sector has been struggling for years and what sporadic growth...
U.S.-sanctions-hit Russian company Power Machines, owned by billionaire Alexei Mordashov, has decided to fully withdraw from its joint venture with a subsidiary of Siemens and sell its 35% share to the German industrial giant, sources told Kommersant.
Under the terms of the joint venture, Power Machines has an option once...
Russia’s Alrosa, one of the world’s top diamond producers, is set to take the lead in the global colored-diamond market as the closure of Australia’s Argyle mine – currently the largest supplier of the precious rare stones – becomes imminent.
“ the closure of the Argyle mine in Australia, we...
The Association of Furniture and Woodworking Industry of Russia (AMEDORO) has asked the government to renew the ban on the purchase of foreign furniture for state and municipal needs, TASS reports.
Russian entrepreneurs may lose 10 billion rubles only in this year, the industry group said.
"The Association of Furniture and Woodworking...
BMW Russland Trading, the official representative of German carmaker BMW in Russia, will recall 1,652 BMW cars of the third series (E46) sold in Russia between January 1998 and December 2000, the Federal Agency for Technical Regulation and Metrology (Rosstandart) said in a statement on Thursday.
"The reason for the...
Russian businesses are facing a shortage of China-made components due to the outbreak of coronavirus-induced pneumonia in the country, Industry and Trade Minister Denis Manturov told reporters on Monday, adding however that there are no severe problems with supplies, Prime news agency reports.
"Indeed, there is such an issue, which...
Russian concern Avtomatika (part of state-run tech conglomerate Rostec) has supplied the first batch of mobile systems providing protection from unmanned aerial vehicles (UAVs) to Russian oil and gas companies, CNews.ru reports.
"Some systems of identification of and resistance to drones have been provided for the fuel and energy complex....
