Sunday, August 25, 2019
A repair project for two Russian vessels - the Project 949A nuclear-powered submarine Irkutsk and the Project 971 nuclear-powered underwater cruiser Magadan – has started in the Zvezda Ship Repair Center in the Russian Far East, Korabel.ru reported. The two submarines are in service with Russia’s Pacific Fleet, the Zvezda press...
Sergiev Posad, an important Orthodox Christian pilgrimage site near Russia’s capital and home of the Russian Church’s Moscow Patriarchate, is about to experience a momentous change with new Kremlin plans to create a “Russian Vatican” on the site, Vedomosti wrote last month. Under the plan revealed by the business newspaper, Russian...
Russia-focused British real estate company Raven Property Group (RAV) has updated the value of its portfolio in the country on Tuesday, citing expectations of continued growth in Russia’s economy and its real estate sector, according to QuotedData. Along with the portfolio increasing in value, a stronger Russian ruble, on account...
The new terminal currently in construction at Moscow's Domodedovo Airport will not be launched for at least another year, Vedomosti reported.  Authorities had planned to permanently open the T-2 terminal in time for the 2018 World Cup, but Russia’s Federal Agency for Air Transport, Rosaviatsiya, failed to build a second...
Local authorities in Moscow have announced that construction work can go ahead on the tallest residential building in Europe in the city’s International Business Centre, the 405 meters tall “One Tower”, the Moscow Times reported. The skyscraper, designed by world-renowned studio Sergey Skuratov Architects, was given planning permission in...
The level of investment into Russia’s real estate was up by almost a quarter (24%) year-on-year in the first half of 2019 to $1.6 billion, a report from JLL reveals, according to Interfax. Investment in the second quarter was 13% higher than in the same period a year earlier and...
Russian state-run railway operator Russian Railways has said it will significantly expand its freight business between Japan and Europe via the Trans-Siberian Railway, Nikkei reports. The company is targeting a 100-fold increase in the number of containers it carries annually across Asia to Europe to 300,000 twenty-foot equivalent units, from about...
The Russian government has spent more than 4 trillion rubles ($64 billion) on some 62,600 unfinished construction projects, the country’s Audit Chamber said, according to the Business Gazeta. The list of the uncompleted construction projects includes preschools, schools, university campuses, transport, and municipal infrastructure facilities among others, according to the...
China and Russia are investing billions of dollars into attempts to produce aircraft capable of sparring with western giants Boeing and Airbus in both the wide-body and single-aisle sectors, Australian Aviation reports.  One contender is the CR929, being developed by the China-Russia Commercial Aircraft International Corporation (CRAIC), a joint venture...
Russian-born business executive Felix Sater will be interviewed by the U.S. House intelligence committee about his role in President Donald Trump's effort to build a skyscraper in Moscow during the presidential election, the Washington Post reports. The staff-led, closed-door interview is part of the committee's investigation into Russian interference in...