Friday, 14.12.2018
The traditionally weakest part of the Russian economy, manufacturing, is in strong recovery and showed signs of building up some momentum in November, according to the monthly IHS Markit manufacturing PMI index for the country, Reuters reports. The index rose to 52.6 from 51.30 a month earlier, well above the 50...
Russian mining giant Alrosa has summed up the results of its auction of special size (over 10.8 carats) diamonds, held at the Israel Diamond Exchange (IDE) last week, the company said in a statement. Alrosa sold 105 gem-quality rough diamonds totaling 1,906 carats in weight, raking in $17 million. More...
Russia's En+ Group, targeted by U.S. sanctions, has proposed to shareholders to move the company’s registered office to Russia's Kaliningrad region from Britain's Jersey, Reuters reported. London-listed EN+, controlled by billionaire oligarch Oleg Deripaska, is in talks with the United States to have sanctions against it eased. It put...
Russian companies are building a fleet of five LK-60 icebreakers to keep waters open for the quickly growing Russian Arctic shipping, Port News reported. A fourth and fifth vessel of the powerful LK60 class (project 22220) are needed for support of vessels shuttling to the major coal project in Taymyr...
The Russian government will use up to $150 of money from the Federal State Reserves Agency Rosreserv to buy aluminum, in a move aimed at helping aluminum giant Rusal to cope with U.S. sanctions, Vedomosti reports. Citing an order signed by Prime Minister Dmitry Medvedev, the newspaper says the...
SyrianAir, the country’s national flag carrier has been involved in talks with Russia over the purchase of MC-21 passenger jets, the airline's CEO, Talal Abdulkarim, told pro-government news outlet Sputnik on Thursday. “Some time ago, we contacted the Russian side directly to discuss a purchase of MC-21 jets. Our company wants to be...
Cyprus will not abandon the system of granting citizenship to foreign nationals investing in its real estate market and businesses despite the European Commission’s calls for ending this practice, the President of the Cyprus Chamber of Commerce and Industry, Christodoulos Angastiniotis, told Izvestya. According to Angastiniotis, the activity, popular with...
The head of Russia’s Audit Chamber Alexey Kudrin has accused the management of the country ’s space agency, Roscosmos, of financial irregularities including "stolen" billions, RBC reports. "We have serious problems with Roskosmos," Kudrin said in an interview for Russia 24 TV on Sunday. "Procurement procedures are bad, prices...
Democrats are pushing to provide funding for Coast Guard icebreaker ships and include it in a bill that must be completed by Dec. 7 to avoid a partial government shutdown, NWA reports. Still, the move -- largely aimed at countering Russian influence in the Arctic -- is complicating negotiations...
Russian steelmaker NLMK has invited France-based international engineering group Fives to Russia to present its breakthrough technologies, Steel Times reports. Fives and two other French firms – energy companies Engie and Dalkia – were formally invited by the French embassy in Russia and together with Sylvie Bermann, the French ambassador...