Sunday, October 20, 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...
Russia's manufacturing activity contracted for the second straight month in June, IHS Markit said in a press release. The seasonally adjusted Purchasing Managers' Index, or PMI, dropped to 49.5 in June from 49.8 in May. Any reading below 50 suggests contraction in the sector. The latest decline was driven by...
Players in the Russian market began negotiations over January shipments of suspension polyvinyl chloride (SPVC) early this week, with producers announcing an increase in prices for supplies to the domestic market, according to a price report by ICIS-MRC. SPVC prices in the Russian market are seen to have reached their...
U.S. President Donald Trump’s steel and aluminum tariffs met a barrage of criticism at a World Trade Organization (WTO) meeting on Friday, as the European Union, Japan, Australia, and others joined a debate started by China and Russia, Reuters reported. The EU representative at WTO dismissed U.S. assertions that the steps...
Russia's federal statistics office Rosstat has significantly revised its previous industrial output data, with the growth rate increasing by a strong 1.4% year-on-year on average in the period of January 2017 and April 2018, the agency reported. According to Lenta, the result seemed to catch many analysts by surprise. “Revisions are normal,...
Russia’s Industry and Trade Minister Denis Manturov has launched a new online portal dedicated to the second edition of the Global Manufacturing and Industrialization Summit (GMIS), to be held next year in Russia, Trade Arabia reports. According to the Russian government, the Summit – which will follow its inaugural event held in...