Monday, 21.01.2019
Two countries from which Iran imports steel products, Russia and Kazakhstan, have cut back sales of hot-rolled steel coils to Tehran in part because of new U.S. sanctions on Tehran, steel traders told Reuters. This shows that, despite protests from the Kremlin that unilateral U.S. sanctions should not affect Russian...
As the process of transforming Soviet-era retail stores in Russia comes to an end, most Russian cities and larger towns are now serviced by supermarkets and the companies are already starting to focus on new formats to boost sales and better meet the changing demands of the population, Intellinews...
The Russian-made Aurus executive class cars will make their European debut during the 89th International Motor Show in Geneva in March 2019, showcasing sedan and limousine versions, the Russian Industry and Trade Ministry’s press service said, according to Sibnet.ru. "A decision has been made that Aurus executive class cars… will...
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...
Volkswagen sales in Russia reached 89,600 cars last year, the company reported and added that that is 20.5 percent more than the sales reached in 2016. Polo and Tiguan, produced at the Kaluga-based Volkswagen Group Rus plant, were most popular. The company informed that in December, the brand demonstrated...
India and Russia have started to move forward on a deal to supply New Delhi with the powerful S-400 air and missile defense system. However, in case the deal goes through, India might come under American sanctions because of the new Countering America's Adversaries Through Sanctions Act that was...
Russia’s government is considering the re-registration of Rusal company in one of the country’s offshore zones, which are to be established on the Oktyabrsky and Russky islands, a source in the financial and economic bloc of the Russian government told reporters. "In particular talks on Rusal are underway," the source...
Russian Deputy Prime Minister Yury Borisov has said that Moscow doesn't plan to mass produce the next-generation T-14 Armata battle tank anytime soon, Business Insider reports. Instead, the Russian military will continue to rely on older platforms such as the T-72B3s (fitted with explosive reactive armor), an upgraded variant of...
As the number of internet users in Russia continues to grow, the trend is driving the country’s used car market forward, according to a report by Ken Research. The report explains that used cars in Russia are mostly sold through online platforms which directly connects customer to customer, meaning that...
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...