Saint Petersburg, the second-largest city in Russia, stands as a prominent hub of industrial, sci
In the latest sanctions unveiled on Monday, February 26, 2024, the U.S.
The U.S.
As the second anniversary of the Kremlin’s invasion of Ukraine approaches, Russia’s economy, incl
In a bid to curb illicit financial flows sustaining Russia’s war efforts, the UK Government on Fe
Despite the improvement in budget transparency, Russia still faces sanctions from the European Un
As of August 2022, Russia was earning more than $1 billion per month from trading with the United
According to Western analysts, Russia’s foreign trade has returned to pre-sanction levels in Febr
The U.S.
On the anniversary of Russia’s military conflict in Ukraine, the United States has significantly
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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