Thursday, December 12, 2019
Gold production in Russian in January stood at 17.84 tons, up from 15.67 tons in the same period in 2018, the country’s Finance Ministry said on Wednesday, according to Finmarket. Production for the period included 14.11 tons of mined gold compared with 12.26 tons a year ago, the ministry...
China's leading SUV brand and part of Great Wall Motors, Haval, has launched the inaugural round of production for the highly anticipated F7 SUV in the brand's new factory in Tula, Russia, Just-auto.com reported. The production of the Haval F7 marks a significant milestone as the automaker's first full-process mass-produced...
Kreol Travel Retail, a subsidiary of Dubai-based Kreol Group, has agreed to a distribution contract with Imperial Collection OG Austria for select countries, including the Indian subcontinent and the Middle East, TRBusiness reports. Imperial is a joint venture of the Saint Petersburg-based Ladoga Group, one of the top ten...
Palladium prices hit another record high on Tuesday, surging above $1,550 as the threat of strikes by South African mineworkers added to supply concerns in an already tight market, Kommersant reports. The silvery-white precious metal has risen 21 percent so far this year on a sustained supply deficit. Russia...
Investment tax deductions for companies working on social projects in the Arctic, an idea initiated by mining and metals giant Nornickel, could boost development in Russia’s North, experts told TASS. "We suggest introducing an investment tax deduction in implementation of social projects," Nornickel’s Vice President Dmitry Pristanskov said at the...
Japanese car manufacturer Nissan has started production of the latest version of Qashqai at its plant in St Petersburg, a move which brings the crossover to the Russian market, Just-Auto reported.  Production of the new Nissan X-Trail was launched at the plant in October. The company says the new Nissan...
The brand new Russian presidential limousine was revealed to the public at the Moscow International Automobile Salon (MIAS), a biennial auto show held at Crocus Expo, TASS news agency reports. The new Aurus Senat limousine from the Cortege project was first shown during Vladimir Putin's inauguration ceremony on May 7. Since then, the...
The Russian government will use up to $150 of money from the Federal State Reserves Agency Rosreserv to buy aluminum, in a move aimed at helping aluminum giant Rusal to cope with U.S. sanctions, Vedomosti reports. Citing an order signed by Prime Minister Dmitry Medvedev, the newspaper says the...
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...
Serbia will buy Russia’s sophisticated short-range air-defense missile system Pantsir despite U.S. warnings of possible sanctions against the Balkan country if the transaction goes through, Business Insider reports. According to Russian state news agency TASS, the Pantsir-S system will be delivered to Serbia “in the next few months in accordance...