Thursday, March 28, 2024
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...
IPSCO, the U.S. unit of Russia’s largest producer of steel pipes for the oil and gas industry, TMK, is expected to benefit from new U.S. import tariffs on steel and aluminum imposed by President Donald Trump, the company said. TMK said IPSCO did not import steel, so should benefit from...
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...
A tender for the construction of a passenger cableway in Russia’s Altai region was awarded to a subsidiary of Austrian company Ropetrans International GmbH. The company will be engaged in the delivery, installation, and commissioning of the equipment of the cableway in the Siberian Federal District, Interfax reported. A corresponding agreement...
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...
Russia is unlikely to construct a new aircraft carrier in the next ten years, the scientific director of the Krylov State Scientific Research Center Valery Polovinkin has said, adding that this class of ship is unlikely to appear before 2030-2035. “The manufacturing capability of Russian plants make it possible...
The Bank of Russia will act to cool the country’s booming mortgage market, since it is worried about possible housing bubble, bne Intellinews reports. The regulator issued a warning to banks saying that the growing number of loans could be causing real estate prices to rise, which causes a feedback loop...
Officials in Moscow have approved a new 404 meter (1,325 feet) skyscraper in the Russian capital, which will become the city's tallest building, CNN reports. The impresive superstructure, designed by Sergey Skuratov Architects will be a part of the Moscow City commercial district. The still unnamed structure will be...
A masterplan competition for the coastal city of Novorossiysk was awarded to Zaha Hadid Architects (ZHA), the studio announced, according to Arch Daily. ZHA teamed up with Russian practice Pride TPO to compete for the Admiral Serebryakov Embankment competition and was selected out of 40 teams from 13 countries. Miralles...
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....