Overall industrial production growth in Russia softened in 2019, but some investment-driven sectors outperformed, including those focused on agriculture, oil downstream, chemicals, construction and transportation, Dmitry Dolgin, chief economist for Russia at ING in Moscow, writes in an article for bne Intellinews.
“For 2020 we continue to expect acceleration given...
French pharmaceutical company Sanofi has said it plans to expand its insulin production facility Sanofi Aventis Vostok in Russia’s Orlov Region, The Pharma Letter reports.
“2019 is a successful and productive year for Sanofi-Aventis East. We launched a full pharmaceutical production cycle within the shortest time of Toujeo SoloStar,...
Russia’s most popular car brand, Avtovaz’s Lada, sold 362,356 units in Russia in 2019 - a gain of 1% on the previous year, with the company saying its Russian market share in all light vehicles, increased from 20.0% to 20.6%, Just-auto.com reported.
The two leading sales models on the Russian...
Nigeria has said the Russian government and Afreximbank are ready to provide up to $1.46 billion to fund the resuscitation of the troubled Ajaokuta Steel Company, Ameh News reported.
The country’s minister of Mines and Steel Development, Olamilekan Adegbite, who announced the news in Lagos on Tuesday, said a Memorandum...
Russia is leading the world in terms of its weaponry, the country’s president Vladimir Putin said on Wednesday during his annual state of the nation address, but added that the country is not a threat to peace, CNBC reports.
“Russia’s open to improving relations and collaborations with all the partners,...
Depressed consumer incomes will lead the Russian car market to more contraction this year, an executive of Russia’s largest carmaker Avtovaz has said, according to Rossiyskaya Gazeta.
Avtovaz’s Executive Vice President of Sales and Marketing Oliver Morne said on Monday that his company estimates Russia’s total sales of passenger and...
Russian heavy-duty truck maker Kamaz is interested in deliveries of assembled K4 generation trucks including gas-powered ones to Azerbaijan, a source within the company told AMI Trend.
It was noted that the deliveries of the new model range are in the planning stage and the volumes have not been disclosed...
The second Project 885-M Yasen M-class multipurpose nuclear-powered attack/cruise missile submarine was floated out at the Sevmash shipyards in Severodvinsk, RT reported late last month.
A short video clip released by the Russian Ministry of Defense’s (MoD’s) Zvezda television network, shows the “Novosibirsk” lowered into the water by a submarine...
Russian Prime Minister Dmitry Medvedev has signed a decree on the order of providing subsidies to encourage demand and improving the competitiveness of Russia’s manufactures, TASS news agency reports.
The document published on the cabinet’s website says the federal budget for 2020 envisions as much as 9.8 billion rubles ($157...
Russian steel pipe manufacturer TMK has finalized a deal to sell its U.S. subsidiary IPSCO Tubulars to global producer Tenaris, Kommersant reports.
"The final amount paid in cash, following contractual adjustments, was US$1,067 million (including approximately $220 million in working capital)," Luxembourg-based giant Tenaris said in a statement.
Under the deal,...
