Russian companies reported the lowest degree of confidence since the start of 2018 as the country’s manufacturing activity decreased for the third month in a row in July, Markit purchasing managers’ index showed on Wednesday, according to Reuters.
The index remained below the 50.0 mark that separates expansion from contraction...
Russian Deputy Prime Minister Yury Borisov has said that Moscow doesn't plan to mass produce the next-generation T-14 Armata battle tank anytime soon, Business Insider reports.
Instead, the Russian military will continue to rely on older platforms such as the T-72B3s (fitted with explosive reactive armor), an upgraded variant of...
Russia will no longer produce the An-124 jumbo aircraft and is planning a new super-heavy aircraft to replace the Ukraine-designed “Ruslan” by 2027, Izvestya reports.
The An-124 Ruslan is a heavy long-range transport aircraft designed in the Soviet Union. Historically, the Ruslan has been a staple of military and civilian...
One of Russia’s biggest steel producers, MMK, has decided to put the launch of a lucrative project in Turkey on hold due to the uncertainty created by global trade wars, Andrey Eremin, the company’s director for economics, told Reuters in an interview.
The company was supposed to re-launch hot-rolled steel...
Among numerous classified ads for used things and cars, an unusual ad for the sale of two whole factories appeared - the Tushinsky Mashinostroitelny Zavod (TMZ) and OJSC (Tushinsky Machine Building Plant). The assets of the two facilities were estimated by the sellers at 10.35 billion rubles ($163 million),...
South Africa and Russia have recommitted themselves to the continued implementation of their MoU on Platinum Group Metals, Mining Journal reports.
This follows the third annual PGMs conference which took place in Johannesburg.
The conference, which was held in the lead-up to South Africa hosting the 10th annual BRICS Summit, agreed...
The U.S. Treasury is open to removing Russian aluminum producer Rusal from a U.S. sanctions list, Treasury Secretary Steven Mnuchin said on Friday, adding the objective was “not to put Rusal out of business.” Mnuchin’s comment was the latest indication the Trump administration was trying to aid sanctions-hit Rusal,...
Swedish steel company SSAB has agreed to divest its Ruukki Construction’s business operations in Russia to the Salavatneftemash Open Joint Stock Company, SteelTimesInt reports.
The transaction is expected to complete in the fourth quarter of this year and is subject to the approval of the Russian anti-monopoly authority. The transaction...
The Okhotnik (“Hunter”) heavy attack drone will become a prototype of Russia’s sixth-generation fighter jet, a defense industry source has told TASS news agency.
Although the sixth generation fighter jet project “has not yet taken full shape, its main features are already known," the source said.
"First of all, it should...
Russia’s space industry is producing rocket engines no one wants to buy in order to beef up statistics, mirroring a policy last seen during the Soviet Union, Lenta reports in a series of articles.
According to the author, Andrey Borisov, Russian firms are continuing to produce rockets the United States...
