Saturday, March 28, 2020
One of the options for helping Russian aluminium company Rusal which was hit by U.S. sanctions is a temporary nationalization of the aluminum giant, a Kremlin spokesman Dmitriy Peskov said on Thursday, according to Interfax. He was commenting on a proposal set out by Alexander Shokhin, a former deputy prime minister,...
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...
Construction of the 462-meter Lakhta Center skyscraper in St. Petersburg officially came to a close last week when city authorities announced that they had included the building into Russia’s property register, six years after the start of construction, Sankt Petersburg TV reported. Located in the northern part of Russia’s second-largest city,...
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 Helicopters, a subsidiary of state-owned corporation Rostec, will cash in $120 million for the direct sale of 20 multi-purpose light Ansat aircraft to the Chinese Association of Emergency Medicine, the company told Kommersant. The company is negotiating a deal for the supply of another 50 helicopters to state and...
Ryanair, EasyJet and Wizzair are among international low-cost airlines which have submitted bids for 33 destinations out of St Petersburg’s Pulkovo Airport next year, Vedomosti reported.  Awarding the slots would require that the airport complies with the Open Skies regime, the business newspaper writes. Last week, after years of lobbying,...
The Russian branch of the World Wide Fund for Nature (WWF) said that it does not have a problem with the construction of the Nord Stream 2 gas pipeline project and will not oppose it so long as the route is changed from along a nature reserve in 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...
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...
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,...