Federal Freight, a unit of Russian Railways, plans to lease around 16,000 rail cars from VEB-Leasing for five years to substitute its written-off fleet. The deal will become part of a big cooperation agreement between Vnesheconombank (VEB) and Russian Railways, which is planned for signing, and in the future, the sides will develop cooperation in…
EP3D, brand new AC EMU produced by Demikhovsky Machine Building Factory (DMZ, belongs to Transmashholding Group), is being tested at VNIIZHT testing facility in Scherbinka, Moscow region. There is a high level of standardization in relation to mechanical engineering assemblies and components between EP3D and EP2D, DC EMU also designed by DMZ engineers. The EMU…
The economy of the Russian segment of the Internet, widely known as the Runet, will add 16.7% in 2016 to 1.581 trillion rubles, the Russian Association for Electronic Communications (RAEC) said. The growth is secured by a number of factors, including expansion of users’ expertise in Internet surfing, an omnipresent access to the Web and…
In 2016/2017 MY, Russia started exporting feed wheat for the first time, and began to compete with Ukraine in the reporting market segment, the President of the Russian Grain Union Arkady Zlochevsky declared. According to him, Russia has never exported feed wheat in previous years. At the same time, the grain supplies are not large…
Russia is ready to consider joining OPEC and other oil producing countries in their efforts on the oil market, Energy Minister Alexander Novak reported. OPEC agreed to limit oil production in a 32.5-33.0 million barrel a day range, although the level for Iran, Libya and Nigeria has not been defined yet. The agreement is to…
Russian Prime Minister Dmitry Medvedev has approved of a proposal to develop a national competition development plan, and the Federal Antimonopoly Service will report to the government on its first steps in two months, the service’s Director Igor Artemyev reported. The plan will be similar to the national plan for fighting corruption. “The government is…
In the current year, the general grain harvest in Russia will reach nearly 115 million tons in clean weight, the President of the Russian Grain Union Arkady Zlochevsky declared. At the same time, the previous forecast varied within the range of 114-118 million tons. Taking into account the harvest volumes at the level of 124…