U.S.-sanctioned Russian aluminum giant Rusal will re-register as an international company in Russia after its board decided to leave the current operating jurisdictive of Jersey, Rusal said in a statement to the Hong Kong stock exchange.
“After careful consideration, the board of directors decided that this is in the...
Russia’s manufacturing sector gained some momentum over the summer as the IHS Markit Russia Manufacturing Purchasing Managers (PMI) went back into growth with 51.3 in October, up from September’s 50 that represents no change month-on-month.
The Russian economy returned to growth this year, but the expansion has been lackluster and...
Russia's Norilsk Nickel (Nornickel) said on Wednesday its consolidated nickel production was at 53,739 tonnes in the third quarter of 2018, up 9 percent quarter-on-quarter, Finam.ru reported.
Nornickel, one of the world's largest nickel and palladium producers, also said its palladium production totalled 699,000 troy ounces, down 14 percent quarter-on-quarter....
German concern Volkswagen may purchase a stake in Russia’s Gaz Group in order to help the Russian company avoid U.S. sanctions, Deputy Prime Minister Dmitry Kozak said this month in Moscow, according to Sputnik.
Speaking during a press-conference, Kozak said negotiations have already taken place, but the final decision has not yet...
Russian steel manufacturer Evraz, owned by billionaire Roman Abramovich, is considering spending almost half a billion dollars on a new rail mill in the United States, RBC reported.
New U.S.protectionist measures imposed this year, including a 25 percent duty on imports of steel from some countries to the United...
Swedish electronics manufacturer, Orbit One, says that it has reopened its newly renovated plant in the Russian city of Slavsk, in the Kaliningrad region. The renovation has created a doubled production area, the company said according to Vaaju.
Orbit One has been operating in Russia for twelve years. The new...
Italian company Bio-on, operating in the high-quality bioplastic sector, has signed an agreement with the Russian TAIF JSC group, which will acquire a license to build the Russian Federation's first plant producing 100% natural and biodegradable PHAs bioplastic, in the Republic of Tatarstan.
The agreement is worth a total of around...
Germany’s chemical giant BASF and Russian mining conglomerate Norilsk Nickel (Nornickel) have inked a new deal for nickel and cobalt supply, Reuters reported.
The deal will see BASF build a new factory to produce battery cathode materials in Harjavalta, Finland, adjacent to a Nornickel cobalt and nickel refinery.
The deal seeks to capitalize on...
Falling demand for cigarettes in Russia and a shrinking market due to rising prices has forced British American Tobacco Russia (BAT Russia) to close its factory in Saratov, SPBDnevnik reported last week, citing state-run.
Representatives of the company wrote about the move on their official website, saying that the Saratov...
Russia’s biggest lender, state-run Sberbank, is expanding its Irish aviation leasing business even as losses stack up and as the U.S. prepares new sanctions which may curtail its activities and ground Russian aircraft, The Irish Times reports.
U.S. policymakers are now threatening Sberbank and other Russian banks with further prohibitions...
