Thursday, October 17, 2019
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...
A port in Russia's Far East could be developed by South Korea in order to help local companies take advantage of its strategic location, the country’s Oceans Ministry said on Monday, according to Yonhap News. The Ministry of Oceans and Fisheries said it will carry out the feasibility study until...
Nanotechnology will be used in the reconstruction of Tyumen section of a federal road running from the city of Yekaterinburg, the region’s construction department said on Thursday, according to Construction.ru. The report says that for the first time, asphalt concrete will include bitumen additive DORSO, which has unique properties. In...
A multifunctional elite complex in the Russian capital Moscow, which is being built by local developer Capital Group, will set the highest price for residential property in Moscow and the whole of Russia, according to sources close to billionaire Vladislav Doronin, co-owner of Capital Group. The new complex, expected to...
Russian steel producer Evraz declared a second interim dividend after a half-year where earnings and free cash flow surged, Finam.ru reports. The FTSE 100 group increased revenue 24.2% to $6.3 billion in the first six months of the year. Revenues were up 12% from Russia to $2.3 billion, 29% in...
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...
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...
At least 7.5 billion rubles ($118.6 million) was embezzled from funds allocated to the construction of the Zvezda (“Star”) shipyard in Russia’s Primorye region, a police investigation has revealed, according to Interfax. The probe into the theft has been underway since 2014, while the shipyard has been under construction since...
Construction of the Northern Latitudinal Railway (NLR) - a new railway line in Russia’s Far North region of Yamalo-Nenets, will help in improving the region’s transport and social situation, the Region’s Acting Governor Dmitry Artyukhov has said, according to Sever-Press. The region is home to Russia’s largest liquid natural gas...