The decline in Russia’s key economic indicators has slowed down due to implementation of the government’s supportive measures, though they are still in the negative zone, Prime Minister Dmitry Medvedev said Tuesday. “The situation on global financial markets is still unfavorable for us. Though our key economic indicators have narrowed losses they’re still in the…
Japan is interested to expand the cooperation with Russian companies in the energy sector, Russia’s Energy Ministry reported following the meeting of Deputy Energy Minister Anatoly Yanovsky with a delegation of the Japan Association for Trade with Russia attended by heads of several Japanese energy companies. “At the meeting the Japanese side confirmed its interest…
The Swedish furniture manufacturer IKEA will launch its biggest Russia-based furniture factory worth 3.9 billion rubles ($60 million) on September 7, General Director at IKEA Industry Novgorod Alexander Kozlov said. “The plan is to launch the factory on September 7. This is going to be the biggest investment in IKEA’s new production site worth a…
In January-June Russian seaports handled 344.5 million tons of cargo (up by 6% YoY), said the press center of Federal Marine and River Transport Agency (Rosmorrechflot). Transshipment of dry bulk cargo totaled 156.8 million tons (+10.7%), liquid bulk cargo – 187.7 million tons (+2.3%). Operators of the Arctic Basin terminals handled 21.28 million tons (+…
The Russian United Instrument Manufacturing Corporation (UIMC) presented the first ever unmanned aerial vehicle (UAV) to be built in the country using a three-dimensional printer, the corporation’s press service said in a statement. “The United Instrument Manufacturing Corporation has presented at the Innoprom trade fair Russia’s first unmanned aerial vehicle that was created entirely by…
Sales of new passenger cars in Russia have fallen by 14.1% in the first six months of this year, compared to the same period last year, the Association of European Businesses (AEB) said. Compared to 2015, sales of automobiles in the first six months of the year decreased by 110,291 units, with the total number…
Southern Military District artillery units of Russian army are using Takhion unmanned aerial vehicles (UAVs) in an exercise in Dagestan in south Russia, the district’s press office said. The Takhion is a Russia-made mini-UAV developed to conduct reconnaissance missions in support for ground forces with a maximum range of 40 km. The Takhion can be…