Monday, 21.01.2019
U.S. trade restrictions against Iran may cancel Tehran’s plans to buy SukhoiSuperJet 100 airliners from Russia to boost its ageing air fleet, Defense World reported. The jets reportedly have more U.S.-made parts than are allowed for export without Washington’s approval, the report said. Russia and Iran sealed a deal for the...
GM Uzbekistan, а joint venture between U.S. automaker General Motors and local company Uzavtosanoat, continues negotiations on the creation of an assembly plant in Russia, Trend news agency reports. Jahongir Tillaev, director of sales and service for GM-Uzbekistan, was quoted as saying the move would benefit both the company and...
South Korea-based carmaker Hyundai Motor Co. sees growth in the Russian auto market slowing sharply next year, the head of the company’s Russian branch said recently, according to Reuters. Automobile manufacturers have warned Russia's plan to raise value added tax (VAT) in 2019 would hit car sales, which...
Suppliers of hot-rolled (HR) and cold rolled (CR) steel sheet to Russia’s Central Federal District around Moscow kept prices unchanged for early 2019, despite an increase in the domestic value-added tax (VAT) rate, Metal Bulletin reports. Effective 1 January 2019, VAT in Russia will increase to 20% from 18%....
Russian authorities have opened an investigation into a potash mine fire which has killed eight miners, The Associated Press reports. Rescue teams in the Ural Mountains are still looking for a construction worker trapped inside the burning potash mine owned by the Uralkali company after the bodies of eight...
One of Russia’s leading precious metals miners, Polymetal International, has said it had completed a non-cash exchange of its Tarutin property in Russia for 85% of the East Tarutin copper-gold property in Kazakhstan, according to Morningstar. The asset swap with Russian Copper Company was announced in April this year. “East...
Chinese car maker Great Wall Motors has announced it will start manufacturing operations in Russia's Tula region in the first half of 2019, Just Auto reports. The company’s $500 million facility is part of its plan to increase its global footprint and is regarded by Great Wall’s managers as its...
German auto giant Volkswagen has announced it is recalling more than 3,000 Tiguan, Polo Sedan and Skoda Rapid cars in the Russian market due to possible engine cooling problems, RIA news agency reported. According to Russia’s Federal Agency on Technical Regulating and Metrology (Rosstandart), “activities for the voluntary recall of...
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...
Global food and drink packaging company Huhtamaki is investing around $8 million in its fiber packaging operations in Russia to facilitate further growth, the company said in a press release. In addition to the fast-growing Russian market the operations in Ivanteevka, near Moscow, the facility also serves the neighboring countries of Belarus...