Tuesday, March 19, 2024
South Africa and Russia have recommitted themselves to the continued implementation of their MoU on Platinum Group Metals, Mining Journal reports. This follows the third annual PGMs conference which took place in Johannesburg. The conference, which was held in the lead-up to South Africa hosting the 10th annual BRICS Summit, agreed...
The shortage of microcircuits in the world will reduce the production of cars in 2021 by 7-9 million vehicles. The lack of electronic components has led to a stop of the conveyors of all automakers in different countries, according to a study by BCG (Boston Consulting Group). The chip deficit...
Swedish retailer IKEA is going to open several thousand pickup points in Russia in the midterm, the head of the company’s customer order support Norbert Stepnowski told TASS on Wednesday. "We intend to develop a network of pickup points and we want to go in to thousands in medium term. We have...
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,...
India is in talks with Russia to jointly manufacture the very powerful S-400 air defense missile system, Sergey Chemezov, the head of Russia’s state tech conglomerate Rostec, told Russian RBC in an interview.  The development will likely further antagonize the United States, which has repeatedly threatened strong sanctions on India...
Among numerous classified ads for used things and cars, an unusual ad for the sale of two whole factories appeared - the Tushinsky Mashinostroitelny Zavod (TMZ) and OJSC (Tushinsky Machine Building Plant). The assets of the two facilities were estimated by the sellers at 10.35 billion rubles ($163 million),...
An agreement between Sukhoi Civil Aircraft Co and Russia’s national airline Aeroflot for the acquisition of up to 100 Superjet 100 (SSJ-100) regional jets will be financed by the state investment vehicle VEB.RF, Vestifinance.ru reports. The state development corporation will purchase the aircraft for $3.8 billion over a period of six years...
Greece is ready to take part in joint ventures for the construction and servicing of Russian ships in Greek shipyards, according to Dimitrios Velanis, an advisor to the Greek Prime Minister. Velanis, who advises Prime Minister Alexis Tsipras on cooperation with Russia, spoke to RIA news agency ahead of this year’s edition of the...
Russian steel company Severstal said on Friday one of its employees was suspected of having coronavirus after travelling from Moscow to the city of Cherepovets on a business trip with his wife. Severstal said the employee and those he came into contact with had been isolated and that he did...
Exports of the wholly Russian-made MC-21 jetliner to Malaysia, which has signed a “soft” agreement to buy the airplane, may start in 2023, Industry and Trade minister Denis Manturov said on Monday in an interview for TV channel Rossiya-24. "Commercial deliveries will start in 2021. We will start deliveries to...