Russian independent LNG producer Novatek is shelling 60 billion rubles ($952.96 million) to build four icebreakers running on liquefied gas to provide navigation services along the western part of the Northern Sea Route, Kommersant reports.
The Zvezda Shipyard, managed by a consortium of Rosneft and Gazprombank, will get the order,...
One of Russia’s largest steel companies, Severstal, has launched its SteelTech Accelerator this year, an ambitious program to fund metallurgical start-ups offering new technologies to solve challenges in the steel sector, Mining Technology writes.
The winning applicants will be given access to laboratories, mentors and the ability to work with...
The Venezuelan government has reached an alliance deal with a Russian car manufacturer, Venezuelan Vice President Tareck El Aissami has said, without naming the company.
"In Russia, we have concluded an alliance with a large Russian enterprise. We own one of the largest car industry parks in Latin...
The hot metal output of Russian steel producer Severstal fell 3% on-quarter in the second trimester of this year to 2.3 million tons due to maintenance at blast furnaces, Kallanish reports citing a company statement.
However, crude steel production was flat at 3.06 metric tons (mt), reflecting electric arc...
The Russian Navy will have a nuclear-powered aircraft carrier in its structure, although this will not happen in the immediate future, the commander-in-chief of the Russian Navy Nikolai Yevmenov told reporters at the St. Petersburg International Maritime Defense Show (IMDS) on Wednesday.
"There will be, of course, a nuclear-powered aircraft...
German automotive conglomerate Volkswagen Group has proposed to the Russian government to differentiate the system of access to state support for the automotive industry, Vedomosti reports.
The company believes the volume of state subsidies should depend on the level of localization of cars and automotive parts of each particular automaker....
Korean carmaker Hyundai Motor Co. said Thursday it is ready to test a self-driving taxi it has developed with Russian internet firm Yandex, Autonews.ru reported.
Under an initial agreement signed in March, Hyundai and Yandex have developed a driverless riding platform based on Hyundai's Sonata midsize sedan. They will begin...
The Russian Arctic ports of Murmansk and Barentsburg could become vital ports for a new series of Russian medium-sized luxury ships aimed for grabbing a share of the booming Arctic expedition tourist market, PortNews reports.
“The expedition cruises, including the Arctic, will become a trend. And we have already seen...
German industrial manufacturing conglomerate Siemens has applied for a so-called “special investment contract” to localize production of its high-capacity gas turbines in Russia, Interfax reported.
Under the terms of the contract, the components of the “hot gas path” and the gas turbine automatic control system will be localized in Russia...
Despite closing two car plants in Russia earlier this year, sales of U.S. carmaker Ford in the country jumped 43 percent in June, Automotive News reports.
Ford ceased passenger vehicle production in Russia at the end of June when the automaker closed plants at Naberezhnye Chelny, which built Focus and Mondeo...
