Russia’s United Aircraft Corporation (UAC) is developing а supersonic business jet intended for the world market, UAC President Yuri Slyusar told TASS news agency at the St. Petersburg International Economic Forum (SPIEF) on Thursday.
"Of course," he said in reply to a question about whether the supersonic aircraft the UAC...
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,...
Russian retailer X5 said that its adjusted earnings before interest, tax, depreciation and amortization (EBITDA) rose to 7.2% in full-year 2018, as the business reported “sustainable growth” for the year, Fresh Plaza writes.
The retailer made the announcement as it published its 2018 Annual Report, in which it said that its grew revenue...
Chinese car maker Great Wall Motors has announced it will start manufacturing operations in Russia's Tula region in the first half of 2019, Just Auto reports.
The company’s $500 million facility is part of its plan to increase its global footprint and is regarded by Great Wall’s managers as its...
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 Russian-made Aurus executive class cars will make their European debut during the 89th International Motor Show in Geneva in March 2019, showcasing sedan and limousine versions, the Russian Industry and Trade Ministry’s press service said, according to Sibnet.ru.
"A decision has been made that Aurus executive class cars… will...
About 3,700 workers in Ford plants in Russia slated for closure are fighting to get a fair payout after the U.S. carmaker decided to dramatically cut its presence in the country, the Moscow Times reports.
Ivan, a 50-year-old welder, has been producing the frames of Focus and Mondeo cars at...
AvtoVAZ, the largest automaker in Russia, updated its forecast on the growth of the new passenger car market in the country by 6.3% to 1.7 million vehicles in 2021, the company's vice president for external relations Sergei Gromak told Russian media.
The Automobile Manufacturers' Committee of the Association of European...