Thursday, December 12, 2019
Coal production in Russia in 2018 increased by 5.9% year-on-year to 433.4 million tons, according to the Central Dispatching Department of Fuel Energy Complex (CDU TEK). Coal exports rose by 2.6% to 191 million tons in the reporting period, Newsnn.ru reported citing official data. Deliveries of Russian coal to the domestic market rose...
U.S. car manufacturer Ford will pay around $200 million in cash to workers and suppliers who lose their jobs when the company closes three of its plants in Russia in June, the company said in a statement. The U.S. automaker officially announced this week it is closing two assembly...
Russia will no longer produce the An-124 jumbo aircraft and is planning a new super-heavy aircraft to replace the Ukraine-designed “Ruslan” by 2027, Izvestya reports. The An-124 Ruslan is a heavy long-range transport aircraft designed in the Soviet Union. Historically, the Ruslan has been a staple of military and civilian...
Turkey has finished its special protecting probe on steel imports from Russia, without imposing restrictions, Russia’s Industry and Trade Ministry said in a statement on Tuesday, according to Mail.ru News. Turkey is the largest export market for Russian steelmakers. "As a result of an investigation, the Turkish side made a unanimous...
India is interested in cooperation with Russian gold and diamond mining companies and is ready to allow them access to the country’s domestic market, Russian Minister of Industry and Trade Denis Manturov has said, according to RT. “The Indian market is one of the largest in the world, annually valued...
Russian retailer X5 said that its adjusted earnings before interest, tax, depreciation and amortization (EBITDA) rose to 7.2% in full-year 2018, as the business reported “sustainable growth” for the year, Fresh Plaza writes. The retailer made the announcement as it published its 2018 Annual Report, in which it said that its grew revenue...
In what local media have called the “fraud of the decade”, a Russian furniture manufacturer has left Serbia and North Macedonia overnight, leaving hundreds of paying customers without their orders, news website SDK.mk reports. Without prior announcement, Spilit, a Russian company which owned Russian-Serbian furniture retail chain Ne-Fa, has closed...
Greece is ready to take part in joint ventures for the construction and servicing of Russian ships in Greek shipyards, according to Dimitrios Velanis, an advisor to the Greek Prime Minister. Velanis, who advises Prime Minister Alexis Tsipras on cooperation with Russia, spoke to RIA news agency ahead of this year’s edition of the...
St Petersburg-based Kronstadt Group, a subsidiary of Joint-Stock Financial Corporation Sistema, has developed a combat variant of the Orion-E medium-altitude long endurance unmanned aerial vehicle (UAV), a source from the company said, according to news outlet If24.ru. The modified Orion-E has a maximum take-off weight (MTOW) of 1,000 kg and...
Russia's Norilsk Nickel (Nornickel) said on Wednesday its consolidated nickel production was at 53,739 tonnes in the third quarter of 2018, up 9 percent quarter-on-quarter, Finam.ru reported. Nornickel, one of the world's largest nickel and palladium producers, also said its palladium production totalled 699,000 troy ounces, down 14 percent quarter-on-quarter....