Commercial airplanes fitted with motors can appear in Russia by 2030, Minister of Industry Denis Manturov told reporters on Friday, TASS writes.
"The question is when this will be used for commercial purposes. Objectively, depending on the market demand and marketing, I think this will be sometime by 2030. At...
Norway will block Rolls-Royce from selling a Norwegian maritime engine maker to a Russian company on national security grounds, its justice minister told parliament on Tuesday, Reuters reports.
The blocking of the deal is a blow for Rolls-Royce, which is aiming to raise 2 billion pounds ($2.76 billion) from disposals...
Russia’s RDIF sovereign wealth fund said on Monday it had reached an agreement with India’s Virchow Biotech to produce up to 200 million doses a year of the Sputnik V vaccine in India.
RDIF said full-scale commercial production would start after completing the transfer of technology in the second quarter,...
India’s Stelis Biopharma has partnered with Russia’s sovereign fund to make at least 200 million doses of Sputnik V, its parent company said on Friday, taking the nation’s total output of the COVID-19 vaccine to more than half a billion doses.
The announcement by the parent, Strides Pharma Science, of...
Russian industrial hemp producer, Smart Hemp, wants to expand production to a dozen regions at home as demand for textiles made from the plant grows in China and elsewhere, boosting prospects for a possible future listing, its founder said.
Hemp, part of the cannabis species and in the same family...
The Italian-Russian Chamber of Commerce announced that the Russian Direct Investment Fund has signed an agreement with a Swiss-based pharma company to produce the Sputnik V vaccine in Italy, Sputnik reports.
The Chamber's president says the agreement proves that Italian-Russian ties are strong and shows the ability of Italian companies...
Russia’s manufacturing sector in February saw its fastest growth since April 2019. The expansion was underpinned by robust output and new order growth, according to survey data published by IHS Markit on Monday, RT writes.
The Purchasing Managers’ Index (PMI) for the sector grew to 51.5 in February against January’s...
The IHS Markit Russia Manufacturing Purchasing Managers Index (PMI) - a composite single-figure snapshot of the performance of the country's manufacturing economy rose to 51.5 points in February 2021 from 50.9 points in January 2020, TASS reports citing IHS Markit analytical agency.
"Contributing to the overall expansion was a faster...
Belarus plans to launch industrial production of Russian coronavirus vaccine Sputnik V in late March, Health Minister Dmitry Pinevich said on Friday, Sputnik reports.
"In a month. We are now checking everything, we are conducting all the research, we give it to the Russian side within a month, they check...
Vietnam plans to acquire 150 million doses for its COVID-19 vaccination program, as the health ministry said a medical panel had recommended it approve Russia’s Sputnik V vaccine and the Moderna vaccine for use in the Southeast Asian country, Reuters reports.
The 150 million doses will include both those directly...
