Monday, June 24, 2019
In another sign of deteriorating U.S.-Russia relations, the Pentagon announced it will stop using commercial satellites launched with Russian rockets beginning in 2023, The Moscow Times reported. The decision could deal a blow to Russia's industry while also helping U.S. startups like Elon Musk’s SpaceX and Jeff Bezos’ Blue Origin....
Prices for luxury apartments in Moscow are rising at a second-fastest pace in the world, Kommersant reports citing a survey by real estate agent Knight Frank. According to the real estate consultancy’s report, which covered the first quarter of this year, out of 45 major global cities, only Berlin...
The main shareholder in Russian real estate developer LSR, Andrey Molchanov, plans to keep control over the company even though he reduced his stake last month, Reuters reported. The businessman and founder of LSR reduced his stake by 9.71 percent via a sale to investors last month, leaving him...
Housing construction and industry were the two prime growth drivers last month with volumes of the former up by 6.7% y/y (0.6% in March) and industrial production jumping by 4.6% y/y on higher oil and gas output and the calendar factor, BCS Global Markets said, commenting on the latest...
Russia has established a bigger role in the Middle East through its intervention in Syria on behalf of the Bashar Al Assad regime and is now seeking to benefit from reconstruction projects once stability and peace is achieved, analysts told Gulf News. Experts say Moscow is expected to boost its...
Investment in Russia’s real estate market rose by 30 percent year-on-year in the first quarter of this year, the best result in the last three years, according to U.S.-based consultancy JLL. Real estate investment volumes reached $967 million in the first quarter of 2019, up from the $742 million invested...
Russian authorities have decided to suspend construction of a controversial $162 million landfill in northern Russia after months of protests against plans to ship waste in from Moscow, Vedomosti reports. Moscow vows that activities at the disputed construction site in Shiyes will cease starting June 15, the business newspaper reported, citing...
Russia has wrapped up construction of its first rail bridge to China, connecting the two countries across the Amur River, UPI reported on Thursday. Construction of the 2 bridge between Nizhneleninskoye in Russia and Tongjiang city in China began in 2014, underscoring Russia’s Eastern pivot amid deteriorating ties with the West. China completed construction...
The two sides of a long-awaited bridge between Northeast China and the Russian Far East across the Amur River will be connected by the end of the week, Zvezda reported citing authorities. Chinese authorities have ordered the construction of a customs and immigration facility for the bridge, which will serve as...
In what analysts see as a major advance for renewable energy in Russia, the country’s largest bank, Sberbank, has opened a $341 million dollar line of credit to build a 201 megawatt wind park in the Murmansk Region of the country’s Northwest, Renewables Now reports. In 2008, the local government...