Chinese car maker Great Wall Motors has announced it will start manufacturing operations in Russia's Tula region in the first half of 2019, Just Auto reports.
The company’s $500 million facility is part of its plan to increase its global footprint and is regarded by Great Wall’s managers as its...
German auto giant Volkswagen has announced it is recalling more than 3,000 Tiguan, Polo Sedan and Skoda Rapid cars in the Russian market due to possible engine cooling problems, RIA news agency reported.
According to Russia’s Federal Agency on Technical Regulating and Metrology (Rosstandart), “activities for the voluntary recall of...
Russia’s largest locally owned pharmaceutical company, Pharmstandard, has sold the controlling stake in its Ukrainian subsidiary, PJSC Pharmstandard-Biolek, based in Kharkov, to Cyprus-registered Vilkom Services Limited, Interfax Ukraine reported.
Last week, Vilkom Services Limited bought out a 46.93% stake in Kharkov pharmaceutical manufacturer from the Russian company. Thus, taking into account...
Russian mining giant Alrosa has summed up the results of its auction of special size (over 10.8 carats) diamonds, held at the Israel Diamond Exchange (IDE) last week, the company said in a statement.
Alrosa sold 105 gem-quality rough diamonds totaling 1,906 carats in weight, raking in $17 million. More...
Russia's En+ Group, targeted by U.S. sanctions, has proposed to shareholders to move the company’s registered office to Russia's Kaliningrad region from Britain's Jersey, Reuters reported.
London-listed EN+, controlled by billionaire oligarch Oleg Deripaska, is in talks with the United States to have sanctions against it eased. It put...
Russian companies are building a fleet of five LK-60 icebreakers to keep waters open for the quickly growing Russian Arctic shipping, Port News reported.
A fourth and fifth vessel of the powerful LK60 class (project 22220) are needed for support of vessels shuttling to the major coal project in Taymyr...
The Russian government will use up to $150 of money from the Federal State Reserves Agency Rosreserv to buy aluminum, in a move aimed at helping aluminum giant Rusal to cope with U.S. sanctions, Vedomosti reports.
Citing an order signed by Prime Minister Dmitry Medvedev, the newspaper says the...
SyrianAir, the country’s national flag carrier has been involved in talks with Russia over the purchase of MC-21 passenger jets, the airline's CEO, Talal Abdulkarim, told pro-government news outlet Sputnik on Thursday.
“Some time ago, we contacted the Russian side directly to discuss a purchase of MC-21 jets. Our company wants to be...
Cyprus will not abandon the system of granting citizenship to foreign nationals investing in its real estate market and businesses despite the European Commission’s calls for ending this practice, the President of the Cyprus Chamber of Commerce and Industry, Christodoulos Angastiniotis, told Izvestya.
According to Angastiniotis, the activity, popular with...
The head of Russia’s Audit Chamber Alexey Kudrin has accused the management of the country ’s space agency, Roscosmos, of financial irregularities including "stolen" billions, RBC reports.
"We have serious problems with Roskosmos," Kudrin said in an interview for Russia 24 TV on Sunday.
"Procurement procedures are bad, prices...
