Friday, 14.12.2018
The construction of the second stage of Zvezda shipyard in the town of Bolshoi Kamen in Russia’s Primorsky Region will completed in 2020, four years ahead of schedule, Portnews.ru reported citing Andrey Shishkin, vice president of Russia’s top oil producer Rosneft. "The finishing date of the second stage is 2024,...
The Russian Government has proposed that from 2019, the number of foreign workers employed in the construction sector will be limited to 80% of the total number of workers in an enterprise, the Kommersant business newspaper reports. "There will be a reduction in the foreign labor force in the...
Pakistan’s defense minister has said his country is deepening its relationships with Russia and China after the U.S. decided to suspend $2bn in military aid to Islamabad. Khurram Dastgir Khan told the Financial Times that his government was engaged in a “regional recalibration of Pakistan’s foreign and security policy” that threatens...
Work resumed Tuesday to lay the second string of the TurkStream gas pipeline in the Black Sea, with a total of 706 km remaining to lay, the Gazprom-owned operating company said, according to Rossiyskaya Gazeta. The first string -- which will transport Russian gas to the Turkish market from the...
Russia and India are likely to sign a contract for construction of four Project 11356 or Grigorovich-class, also designated Upgraded Krivak III frigates in June, TASS news agency reported Tuesday quoting a source in diplomatic and military circles as saying. "In June, a package contract is expected to be signed...
The modernization of an airport in the contested region of Crimea, which Russia annexed from Ukraine in 2014, is nearing completion, Izvestya reports. The revamped airfield can, if necessary, become a permanent base for strategic missile carriers and long-range bombers, the newspaper writes. Belbek, located close to the Black City...
Due to an industrial production drop, Russia’s economy has experienced a sudden shrinkage in November, Reuters reports. The gross domestic product has decreased by 0.3 percent in November, the economy ministry said, contrasting with analysts’ consensus call for a 1.5 percent growth. Russia’s oil-dependent economy was on the mend in 2017 after...
Enel Russia, part of Italian energy holding Enel, intends to commission a wind farm in the Rostov region in December 2020, Yulia Matyushova, financial director of Enel Russia, said during the company's annual shareholders meeting. The wind park located in the Murmansk region is expected to be put into operation...
Russian environmental organizations have protested Gazprom’s plans to build a gas pipeline to China in the Golden Mountains of Altai, a UNESCO World Heritage site, Kommersant reports. The company’s works through the Ukok Plateau in Altai come following comments from Gazprom CEO Alexei Miller, who said last week that the...
Russian steel manufacturers are anticipating a rising domestic demand in 2018 thanks in large part to Russia’s economic recovery, chief executive officer of major Russian steelmaker Severstal Alexander Shevelev said. The assessment comes despite expectations that current buoyant global steel prices would edge lower mid-year, Metal Bulletin reported. “In 2017 Russian...