Russia's manufacturing activity hit a five-month low close to stagnation in February as new order growth softened and inflationary pressures increased, survey data from IHS Markit showed on Friday.
The Manufacturing Purchasing Managers' Index, or PMI, fell to 50.1 in February from 50.9 in January, said the latest report by...
Russian miner-steelmaker Evraz has announced that its full-year core earnings last year were the strongest since 2008, according to Sharecast.
The company said that higher prices of steel and vanadium and a weaker ruble were among the reasons for the positive results.
Evraz, co-owned by oligarch Roman Abramovich, reported...
A unique gem-quality rough diamond, transparent with a visible yellow shade and weighing 98.8 carats, was mined at Zapolyarnaya kimberlite pipe, which is the part of the Verkhne-Munskoye diamond deposit on February 17, Russian diamond producer Alrosa said in a statement on Wednesday, according to AK&M.
"This is the second...
Palladium prices hit another record high on Tuesday, surging above $1,550 as the threat of strikes by South African mineworkers added to supply concerns in an already tight market, Kommersant reports.
The silvery-white precious metal has risen 21 percent so far this year on a sustained supply deficit. Russia...
Russia’s Industry and Trade Minister Denis Manturov said during a working meeting with President Vladimir Putin on Monday that the country’s manufacturing industry grew by 2.6% in 2018, state-run news agency TASS reports.
"Overall the results are positive in all sectors of industry. Manufacturing industry grew by 2.6%," he...
Russian automobile manufacturer AvtoVAZ is in talks with Iran over the sale and assembly of its cars in the country, Izvestya reported.
“Avtovaz has been assembling its cars in Egypt. Negotiations are underway with a number of other countries, such as Iran,” Viktor Kladov, the director of international cooperation and...
Russia’s industrial output slowed to 1.1% year on year in January from 2% in December 2018, according to Russia’s federal statistics agency Rosstat.
According to BSC Global Markets chief economist Vladimir Tikhomirov, despite announcing that it would change the base year for y/y comparisons from 2010 to 2017, the data...
Japanese car manufacturer Nissan has started production of the latest version of Qashqai at its plant in St Petersburg, a move which brings the crossover to the Russian market, Just-Auto reported. Production of the new Nissan X-Trail was launched at the plant in October.
The company says the new Nissan...
Russia’s neighbor Belarus, which itself does not produce coal, exported 854,000 tons of the fossil fuel in 2018, RBC reports citing data provided by the National Statistical Committee of Belarus made public on Thursday. The amount is five times greater than in 2017, and the growth was primarily due...
Russian scrap metal association Ruslom has once again voiced opposition to a potential ban on all ferrous scrap exports under consideration by Russia's economy ministry, Argus Media reports.
According to the industry association, a ban of ferrous scrap exports would have serious negative consequences, including possible losses of about $1.3...
