OPEC’s most senior official will discuss the possible participation of Russia in an OPEC production cut, officials in the group said, as the cartel sought to bolster a landmark deal in Algiers. The Organization of the Petroleum Exporting Countries agreed to cut between 200,000 barrels a day and 700,000 barrels a day of their output…Details
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Russian airport operator Basel Aero has signed an agreement with Gelendzhik authorities to construct a new terminal at Gelendzhik Airport, which is scheduled to open at the end of 2018. It was originally planned to be ready at the end of 2017. Basel Aero will invest up to 520 million rubles ($8.3 million) in the…Details
The upgraded Pantsir-SM combined surface-to-air missile and anti-aircraft artillery weapon system, equipped with a multifunctional targeting system, will be able to destroy targets 40 kilometers away – twice the range of the current configuration, the first deputy CEO, chief designer of the Instrument Design Bureau KBP in Tula (an affiliate of Rostec) Alexander Khomyakov reported.…Details
The separate naval aviation regiment of the Black Sea Fleet has received the ninth Su-30SM fighter. The fighter’s crew has passed a training course in the Yeysk training center and has already started performing combat training tasks. The regiment is to receive another aircraft this year. (Russian Aviation/Business World Magazine)Details
Belarus is ready for a compromise in energy disputes with Russia, President Alexander Lukashenko said. “We are sensible people and we are ready for compromises, but they must be honest”, Lukashenko said. He said that the negotiations had made some progress lately and that there were certain “new proposals” from Russia. “I think that the…Details
Russia may freeze the export of RD-180 rocket engines, as well as components for high-tech industries to the United States in retaliation for unfriendly policies, the first deputy chairman of the State Duma’s economic policy and industry committee Vladimir Gutenev has suggested. “Our further steps will depend on how our opponents go about the business…Details
The Islamic fund on microfinance might be created in Azerbaijan, a source on the country’s finance market reported. The source said that the issue was being discussed by Azerbaijan’s microfinance organizations. “The discussions are still at a very early stage, but if market participants agree and adopt a certain decision, then international financial organizations can…Details