Saturday, October 31, 2020
Turkish President Reccep Tayip Erdogan's Communications Director has denied a recent report in the German newspaper Bild claiming that Turkey decided not to buy the Russian S-400 missile defense system. "Take it from me: the S-400 procurement is a done deal," FahrettinAltun said, according to Daily Sabah. Bild's foreign policy editor...
Falling demand for cigarettes in Russia and a shrinking market due to rising prices has forced British American Tobacco Russia (BAT Russia) to close its factory in Saratov, SPBDnevnik reported last week, citing state-run. Representatives of the company wrote about the move on their official website, saying that the Saratov...
Russian gold mining company Polyus has signed an agreement to provide a credit line facility with Sberbank in a total amount of 65 billion rubles ($975 million) due in 2024, to refinance existing Sberbank credit line facility due in 2019, the company said in a statement published by the...
German industrial manufacturing conglomerate Siemens has applied for a so-called “special investment contract” to localize production of its high-capacity gas turbines in Russia, Interfax reported. Under the terms of the contract, the components of the “hot gas path” and the gas turbine automatic control system will be localized in Russia...
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 space industry is producing rocket engines no one wants to buy in order to beef up statistics, mirroring a policy last seen during the Soviet Union, Lenta reports in a series of articles. According to the author, Andrey Borisov, Russian firms are continuing to produce rockets the United States...
Russia’s industrial output slowed to 1.1% year on year in January from 2% in December 2018, according to Russia’s federal statistics agency Rosstat. According to BSC Global Markets chief economist Vladimir Tikhomirov, despite announcing that it would change the base year for y/y comparisons from 2010 to 2017, the data...
The seasonally adjusted IHS Markit Russia Manufacturing PMI rose from 47.9 at the start of 2020, to 48.2 in February, remaining in contraction, below the 50 no-change mark, IHS Markit, a global business data provider, reported on Monday. Russia’s manufacturing sector has been struggling for years and what sporadic growth...
The Venezuelan government has reached an alliance deal with a Russian car manufacturer, Venezuelan Vice President Tareck El Aissami has said, without naming the company. "In Russia, we have concluded an alliance with a large Russian enterprise. We own one of the largest car industry parks in Latin...
Russian steelmaker Severstal, controlled by billionaire Alexey Mordashov, has invested in Arcanum Alloys, a Michigan-headquartered company that develops new steel-based alloys,  Reuters reports.  Despite exporting some steel products, Russia has to rely on imports of stainless steel to cover the bulk of its domestic needs of about 370,000 tonn worth...