India has found a “permanent solution” for the payment of arms from Russia, after the country has stalled planned purchases due to the threat of financial sanctions by the United States, the Economic Times reports citing Russian officials.
The resolution of the problem will allow Russia to begin supplies...
About 11 out of 12 mines belonging to Russia’s Alrosa Group, the world’s biggest diamond producer in karat terms, are located in Yakutia, a frozen region in northeastern Siberia rich in oil, gas and precious metals, AFP writes.
The majority state- and local government-owned company employs most of the town...
Georgian company Allstone, specializing in procuring the highest quality stones in its quarries, is going to enter international markets this year, specifically Russia and Eastern European countries, The Financial reports.
Allstone has a total of 18 quarries that ensure a diverse assortment, and provide ecologically immaculate stone, the company says.
The provided...
One of China's biggest carmakers, Great Wall Motors (GWM), has admitted a huge loss in a commercial dispute in Russia, but it claims that the incident won't have any impact on the company's plans and operations in that country, Now.com reports.
Responding to recent reports that GWM was defrauded of...
Russian Helicopters, a subsidiary of state-run corporation Rostec, demonstrated the capabilities of its light multi-purpose Ansat helicopter equipped with the new Mku30 satellite communication system at the International Paris Air Show last month, RIA Novosti reported.
“The company actively develops the introduction of modern satellite communication systems for helicopters. We...
Despite recent assurances by Turkish president Recep Tayyip Erdogan that Washington will not carry out threats to sanction his country over a deal to buy the Russian S-400 missile system, the Trump administration still plans to impose the punitive measures, Reuters reports.
Washington earlier announced it will remove Turkey, a...
Hit by a downturn in output and new business, manufacturing activity in Russia contracted for the second straight month in June, while confidence in the sector fell to a near one-year low, according to the Markit purchasing managers’ index (PMI).
The reading slid to 48.6 in June from 49.8 the...
Russia’s fashion designers and industry investors received exciting news this week, as the government announced the creation of the Russian Fashion Fund, Forbes reports.
The new fully licensed non-profit entity is formed by the Russian Fashion Council and the country’s leading fashion e-commerce retailer Aizel.ru, with a mission to streamline...
German auto giant BMW will build its planned new vehicle assembly plant in Russia in the Khrabrovo Industrial Park in the exclave of Kaliningrad, just-auto.com reported citing local newspaper Rossiyskaya Gazeta.
The region lies tucked between Lithuania and Poland on the Baltic coast. The location will give the carmaker an...
Billionaire Mikhail Prokhorov’s group, Karyo Holdings, has sold its entire 15.625% stake in Russian shoe producer and retailer Obuv Rossii, Intellinews reported. The buyer of the shares or the amount of the deal were not immediately disclosed.
Prokhorov bought a stake in a private equity deal between the company’s first...
