Sergei Ganin, head designer of aircraft manufacturer Ilyushin, announced that Russia's new military transport aircraft, the Il-112V, would assist to update Russia's fleet of military transport aircraft, which is presently led by Soviet-made An-26s.
The Il-112V is a small military transport plane that can take the place of turboprop planes...
The 2018 core earnings of Russian steel and coal producer Mechel dropped 7 percent versus the previous year, with lower sales in the mining division only partly offset by higher coal prices, Reuters reported citing company data.
The 2018 earnings before interest, taxation, depreciation, and amortization (EBITDA) were at 75.67...
Russia’s dispute with the United States on aluminium and steel duties imposed by Washington in March 2018 is unlikely to end by December this year, Russian Economic Development Minister Maxim Oreshkin told TASS news agency.
"We are continuing our litigation, the procedures are not quick. It’s clear that most likely the US...
Despite recent assurances by Turkish president Recep Tayyip Erdogan that Washington will not carry out threats to sanction his country over a deal to buy the Russian S-400 missile system, the Trump administration still plans to impose the punitive measures, Reuters reports.
Washington earlier announced it will remove Turkey, a...
VTB Group, Russia’s second-biggest bank, has agreed with Kyrgyz mining company Alliance Altyn Group to finance a gold mining project in the Central Asian country worth $180 million, VTB’s CEO Andrei Kostin told reporters on Thursday, according to TASS.
"We are signing an agreement with Alliance Altyn, a subsidiary...
Chinese company Hebei Bishi wants to construct a shipbuilding steel plant in Russia’s Primorsky Region with a capacity of 1 million tons, which is three times greater than the actual needs of Russian shipyards, Kommersant reported.
Local officials say the region needs such a plant, because the country’s biggest shipyard, Zvezda,...
Diamond sales are slowing in the wake of global macroeconomic uncertainty, leading Russia’s top diamond producer Alrosa to curb its 2019 diamond sales forecast from 38 million carats to 32-33 million, Vedomosti reports.
Alrosa’s diamond sales dropped by 22% in the second quarter of 2019 compared to the first quarter,...
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),...
Russia has been removed from the list of producers of components for Ukraine’s An-178 transport aircraft, the country’s President Petro Poroshenko has said, according to the Kyiv Post.
“The Ukrainian beauty, An-178, has recently made a demo flight in the suburb of London at the international air show Farnborough Airshow,”...
Russia's research center Vector is developing three coronavirus vaccines apart from the one that has been already registered, they are in different phases of trials, the country's consumer rights watchdog Rospotrebnadzor said, as reported by Sputnik.
"Taking into consideration the results obtained through experiments, we have chosen four vaccines for...
