Washington’s sanctions against Aerocomposit (part of Russian state-run conglomerate United Aircraft Corporation) and ONPP Technologia (part of Rostec) have jeopardized the creation of what the company calls a "black wing" made of composite material for Russia’s key project in civilian aviation sector - the MC-21 jet, Kommersant reports citing...
Russia's manufacturing activity expanded at the fastest pace in five months in December, driven by accelerated growth in output and new orders, survey data from IHS Markit showed, Business Insider informs.
The Purchasing Managers' Index climbed to 52.0 in December from 51.5 in the previous month. That was in line...
Danish brewing giant Carlsberg reported 2017 profit well below analysts’ expectations, hit by a fall in sales and a large assets devaluation in its key Russian market.
Beer volumes grew in all markets last year except Russia, where they declined by 14 percent and Carlsberg’s market share fell to 31.9...
Kalashnikov, the most famous arms developer in Russia, has launched a 13-foot tall walking robot that is operated by soldiers that sit inside it with the machine acting as a bulletproof military suit for them, Gizmodo reports.
Kalashnikov Group showcased the invention at the Army 2018 Fair, the International Military-Tech...
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...
Russian aluminum major Rusal has reduced its sales of value added products (VAP) in the first quarter by 44 percent from a year ago and by 22 percent from the last quarter of 2018, due to sanctions by the United States, Reuters reported.
Rusal was added to a U.S....
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...
One of Rusia’s leading clothing chains, Gloria Jeans, has appointed Sheren Terni, former general director of Victoria’s Secret, as its new CEO, Vedomosti reports.
The company is said to be preparing for an initial public offering of shares (IPO), among other plans to revitalize the fashion brand, the report...
German automotive giant Mercedes-Benz's $280 million plant in Russia’s Podmoskovye will be inaugurated by President Vladimir Putin on Wednesday, Gid55 reported.
The 85-hectare plant is located in the Esipovo Industrial Park, about 40 kilometers north of Moscow, and is equipped with Industry 4.0 technologies and full flexible assembly technology...
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...
