Friday, 24.05.2019
Russia’s production and exports of coal in 2018 hit their highest levels since 2013, estimates by S&P Global Platts of data from Russia’s Energy Ministry show. Russian coal exports increased last year by 3.4 percent compared to 2017, to reach 191 million metric tons (mt) —the highest level since S&P Global...
Swedish steel company SSAB has agreed to divest its Ruukki Construction’s business operations in Russia to the Salavatneftemash Open Joint Stock Company, SteelTimesInt reports. The transaction is expected to complete in the fourth quarter of this year and is subject to the approval of the Russian anti-monopoly authority. The transaction...
Russia has been removed from the list of producers of components for Ukraine’s An-178 transport aircraft, the country’s President Petro Poroshenko has said, according to the Kyiv Post. “The Ukrainian beauty, An-178, has recently made a demo flight in the suburb of London at the international air show Farnborough Airshow,”...
Russian regional airline RusLine has abandoned its plans to purchase 18 Superjet 100 Russian regional jets, the carrier’s owner Nikolay Ulanov told business newspaper Kommersant. Following the SSJ100’s fatal landing in Moscow earlier this month, RusLine withdrew from its joint negotiations with lessor Ilyushin Finance Co and Sukhoi Civil Co...
U.S. agricultural company Archer Daniels Midland Co. (ADM) inked a deal to buy a stake in corn mills in Russia, the company said on Thursday. A statement said the agricultural merchant is seeking to broaden its business in the face of a global grain glut that is hurting profits. According...
The traditionally weakest part of the Russian economy, manufacturing, is in strong recovery and showed signs of building up some momentum in November, according to the monthly IHS Markit manufacturing PMI index for the country, Reuters reports. The index rose to 52.6 from 51.30 a month earlier, well above the 50...
Some 50 modern medium-range passenger aircraft will be supplied by Russia’s state-owned giant Rostec to Russian national airline Aeroflot, it was confirmed. The order of the MC-21 aircraft is worth more than $5 billion, according to Defense World. As part of the order, Rostec’s leasing subsidiary Aviacapital-Service will deliver the aircraft...
Russia's automotive sector has been “seriously supported” by the government, which helped the once-troubled sector emerge from the crisis of the past four years, Just Auto reported. The government help for the country’s car industry reached more than $1 billion last year alone, Kremlin politicians said, according to the website. Last month’s sale of cars...
Russian federal agents raided several stores belonging to the Krasnoe & Beloe (“Red & White”) alcohol sales chain on Wednesday, Forbes Russia reported. Officers from Russia’s Federal Tax Service, the Federal Alcohol Market Regulation Service, the Federal Security Service, and the Special Police Force carried out searches of the...
Nord Pool, the leading power market in Europe’s Nordic region, restored access on Tuesday to Rusal’s Swedish aluminum smelter after it was suspended from trading last month in the wake of U.S. sanctions on the Russian company, Reuters reported. Nord Pool suspended Rusal’s Kubal smelter from trading on its exchange on April...