Monday, June 24, 2019
Russian carmaker Gaz is saying the company will fall into bankruptcy if the U.S. does not abandon plans for sanctions beginning next month, Automotive Logistics writes. Gaz Group’s owner, Oleg Deripaska, who himself is already on Washington’s sanctions list, warned that July 4, when the existing sanctions are due...
Russian airline Smartavia, also known as Nordavia-Regional Airlines is continuing to renew its fleet with Boeing 737-700s, Rusaviainsider reports. Earlier this month, the Arkhangelsk-registered carrier launched flights with its third and, during this summer, four more Boeing 737-800s will join Smartavia’s fleet. The company recently revealed its strategic plans which says...
Russia’s dispute with the United States on aluminium and steel duties imposed by Washington in March 2018 is unlikely to end by December this year, Russian Economic Development Minister Maxim Oreshkin told TASS news agency. "We are continuing our litigation, the procedures are not quick. It’s clear that most likely the US...
U.S. carmaker Ford is ready to sell its idle Russian plants and has had interest from potential buyers, a high-ranking company executive has said, according to Detroit News. "We are open to discuss potential sales to other companies… we have had interest from a number of different companies," the chairman...
Russia’s state-run aerospace conglomerate, United Aircraft Corporation (UAC), has valued Sukhoi Civil Aircraft Co (SCAC), at 44.8 billion rubles ($689 million), business newspaper Vedomosti reported, quoting sources close to UAC. It is the first assessment of SCAC’s value, conducted as part of a broader evaluation of UAC’s civil assets as...
China's leading SUV brand and part of Great Wall Motors, Haval, has launched the inaugural round of production for the highly anticipated F7 SUV in the brand's new factory in Tula, Russia, Just-auto.com reported. The production of the Haval F7 marks a significant milestone as the automaker's first full-process mass-produced...
Specialists of the Kazan Aviation Plant S. Gorbunova (KAPO) is planning to install new systems on the upgraded Russian Tu-22M3M bomber - guided missiles and bomb weapons. This was announced on Sunday by an employee of the Tupolev design bureau in the Military Acceptance program on Zvezda TV channel. "We will...
South Korea’s biggest carmaker by sales, Hyundai Motor Co., said Thursday it will launch a car-sharing startup in Russia this year as part of its business diversification strategy, South Korean news outlet Pulse News reports. On Wednesday, Hyundai signed a partnership with the board of Skolkovo Foundation to establish a...
The governor of Russia’s Krasnoyarsk Region, Alexander Uss, has said that state-owned Krastsvetmet, Russia’s biggest precious metals refinery, could become the basis of a new holding company, Zolteh.ru reports. Uss was speaking at the North strategic session at the Siberian Federal University, a gathering devoted to the development of the...
Suspension polyvinyl chloride (SPVC) producers in Russia began negotiations for June shipments this week, with producers announcing price increases of 2,000-4,000 rubles per ton ($30.59-61.17/ton) for domestic shipments, according to a report by ICIS. Many consumers do not have an alternative to Russian raw materials due to a number of...