Wednesday, April 14, 2021
Swedish retailer IKEA is going to open several thousand pickup points in Russia in the midterm, the head of the company’s customer order support Norbert Stepnowski told TASS on Wednesday. "We intend to develop a network of pickup points and we want to go in to thousands in medium term. We have...
Russia will complete its work on the most advanced S-500 anti-aircraft missile system in 2021, Aerospace Force Deputy Commander-in-Chief Lieutenant-General Andrei Yudin said in an interview with the Defense Ministry’s Krasnaya Zvezda newspaper on Friday, TASS reports. "It should be noted that the work on developing the S-500 mobile air...
German concern Volkswagen may purchase a stake in Russia’s Gaz Group in order to help the Russian company avoid U.S. sanctions, Deputy Prime Minister Dmitry Kozak said this month in Moscow, according to Sputnik. Speaking during a press-conference, Kozak said negotiations have already taken place, but the final decision has not yet...
A Siberian town will be doomed unless Moscow finds a way to mitigate U.S. sanctions against aluminum giant Rusal, workers at one of Russia's biggest aluminum smelters have told Reuters. The government will have to step in "so that people don't start howling," said a welder who has worked at the...
Indian commercial vehicle major Ashok Leyland will enter the Russian market with a local partner in a year's time, a top company official has said, according to Outlook India. He also said the company plans to enter the top 10 global commercial vehicle manufacturer`s club soon. "We have identified a local...
Turkey is not willing to sacrifice its security and drop its plans to purchase and operate Russia’s S-400 anti-missile system, despite the threat of U.S. sanctions, Yunus Emre, a member of the Turkish Grand National Assembly’s Committee on Foreign Affairs, told Izvestia. The lawmaker noted that Turkey could not sacrifice...
Washington’s sanctions against Aerocomposit (part of Russian state-run conglomerate United Aircraft Corporation) and ONPP Technologia (part of Rostec) have jeopardized the creation of what the company calls a "black wing" made of composite material for Russia’s key project in civilian aviation sector - the MC-21 jet, Kommersant reports citing...
Operating conditions in Russia’s manufacturing sector deteriorated in September, recording the biggest decline since the country’s financial crisis, according to IHS Markit’s influential purchasing managers’ index (PMI).  The indicator of business conditions in the manufacturing industry fell to a score of 46.3 for September, with readings below 50 signalling the...
Russia’s Federal Customs Service said on Tuesday that exports of cars from the country from January to August this year increased by 27.8% compared to the same period in 2018 to 73,400 cars, Prime news agency reports. Exports of trucks remained almost at the same level and amounted to 8,400...
Russia-based diamond producer Alrosa has sold its most expensive stone to date, the 51-carat Dynasty diamond, The exquisite gem was part of a larger collection that brought in approximately $10 million for the mining giant, according to Mining.com. The Dynasty diamond was the centerpiece and focal point of the Dynasty...

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