Wednesday, June 3, 2020
Further work on the creation of a modernized frigate of project 22350M was suspended after the development of the outline design of the ship due to the lack of a customer’s decision, as stated in the report of Northern Design Bureau JSC (Northern Design Bureau, part of United Shipbuilding...
The crash of the ruble last month has led many Russians to buy real estate in a bid to protect their money, and a 31% rise in apartment sales in Moscow was observed last month, Reuters reported citing the country’s cadastre office.   A total of 14,801 sales of already built...
The construction of a special Center for Infectious Diseases near Moscow as a part of measures to stem the coronavirus outbreak has started this week, with over 2,000 workers engaged in the project, Argumenti.ru reported. Officials in the capital say they are trying to work with the best construction firms...
Russian steelmaker Severstal has announced the construction of wire mill 170 in the long-rolling production segment at Cherepovets Steel Mill, 35media.ru reported. The total investment is expected to amount to approximately 11 billion rubles. The mill line will include a heating furnace, a hydraulic descaling unit, stands 3, 4, 5 and...
Russia plans a $1.5 billion (100 billion rubles) highway to Crimea, in a bid to dramatically cut journey times and develop tourism on the peninsula it annexed from Ukraine in 2014, Liga.net reported Monday. The first section will be 68 km long and is slated to cost almost 60 billion rubles ($919 million), with...
The Amur Shipbuilding Plant in Russia’s Far East may receive the largest order for the construction of warships in its history, sources told Vedomosti. According to a top manager in the industry and a person close to the Russian Defense Ministry, the parties are discussing the terms of a contract...
The crisis years in Russia’s real estate sector seem to have ended, as investment surged in 2019, bne Intellinews writes citing a report by real estate group CBRE. The value of commercial real estate investment in the country increased by 34% to a total of 243 billion rubles ($3.8 billion)...
Construction companies from Belarus are keen to take part in local government tenders for projects in Russia’s Nizhny Novgorod Region, SB.by writes. A delegation of Belarusian construction, design, engineering, and road construction companies led by Head of the Foreign Economic Activities Department of the Architecture and Construction Ministry Aleksei Shilo...
A delegation of Russian oil major Lukoil’s executives met with the Cameroonian Minister of Water and Energy Gaston Eloundou Essomba this week, with both sides continuing the discussions over the reconstruction of the national refining company Sonara, Business in Cameroon reported.  The talks on the project started in October 2019...
An influential Russian spiritual leader has announced his plans to build the world’s largest Orthodox Christian Church in the central part of the country, Znak.com reported Monday. Once completed, the 25-story structure on the site of a women’s monastery in the Sverdlovsk region will reportedly hold up to 37,000 worshippers. The mastermind...