Polymetal International plans to sell its Russian business to JSC Mangazeya Plus for approximatel
Deputy Prime Minister Alexander Novak announced Russia’s potential to increase LNG production in
Russia produced 24 million metric tons of offshore oil in 2023, as stated by Deputy Prime Ministe
Deputy Prime Minister Alexander Novak revealed plans to increase Russia’s LNG production to 110 m
President Vladimir Putin approved HSBC’s sale of its Russian unit to Expobank, facilitating the B
Energy Minister Nikolay Shulginov announced at a press conference that Russia’s domestic oil prod
Novatek has restarted petroleum product shipments from the Ust-Luga terminal, resolving the trans
Energy Minister Nikolay Shulginov stated that Russia reduced its oil refining volume by 7% since
Uztransgaz plans to invest up to $470 million in modernizing main gas pipelines between 2024-2030
Deputy Prime Minister Alexander Novak reported that Russian oil production in Eastern Siberia tot
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Aviation
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In a dramatic turn of events, the Russian new car market faced a sharp decline of 62.6% in 2022, plummeting to a market value of $21.9 billion and
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The Russian automotive manufacturing industry faced a significant downturn in 2022, with market values plummeting by 52.4% to $13.1 billion and pro
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The Russian airline industry experienced a significant downturn in 2022, with a market value decrease of 56.7% to $10,547 million, attributed to th
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TSAT Rostec announced on March 4, 2024, the impending deployment of a cutting-edge domestic 3D printer designed to manufacture heat-resistant compo
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The Salyut production complex of the Rostec United Engine Corporation in Moscow is set to double its training intake in 2024, welcoming over 1,000
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The United Engine Corporation’s UEC-Saturn on February 26, 2024, initiated a new application round for the Wings of Rostec, aiming to nurture futur
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Despite Western automakers exiting Russia due to economic sanctions related to the 2022 invasion of Ukraine, a ‘parallel import’ scheme initiated b
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Mercedes-Benz Group has completed the sale of its shares in Kamaz, the leading Russian truck manufacturer based in Naberezhnye Chelny, known for pr
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Rostec’s Obninsk Research and Production Enterprise “Technology” has initiated the serial production of domestically produced cockpit glazing for t
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In a significant shift in the automotive market, Chinese brands emerged as leaders in new car sales in Russia throughout 2023, according to data fr