Tag Archives: Russia&#039s

Low debt & high reserves: Russia's economic strategy paying off

Despite facing years of sanctions from the US and EU, the Russian economy is growing again thanks to a winning formula of borrowing less and saving more. The sovereign debt of Russia is a fraction of that in developed countries like the UK or US. Russia’s foreign debt now stands at $ 525 billion, compared to $ 7.5 trillion in ...

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Russia's security agencies to recruit bloggers for anti-terrorism campaign

Russia’s Security Council has revealed a plan to use bloggers and various civil society groups to help fight terrorist and extremist information spreading on the internet. “Experts of the Security Council‘s research group have proposed to stimulate the interaction between law enforcement agencies and prominent bloggers and civil society institutions, including the socially-oriented NGOs that are ready to support our ...

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Ukraine calls Russia's revival of legendary Soviet-era megaplane unfeasible

Despite sufficient manufacturing capacity Russia cannot relaunch production of cargo airplanes from the legendary An-124 family, warns Ukrainian state-owned aircraft maker Antonov. Earlier this week, Russia’s state-controlled Transport Aviation of the United Aircraft Corporation (UAC) announced plans for relaunching production of super-heavy class airplanes like the An-124. The step was reportedly triggered by a strong demand for large cargo jets ...

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Not Ukraine’s property: Russia's plan to revive huge Soviet-era aircraft irks Kiev

Russia wants to resume production of one of the world’s heaviest cargo airplanes – the Antonov An-124. The jet, designed in the 1980s, is now part of Ukraine’s Antonov group, but Russia claims it has the rights to it. The question of renewed production is still being discussed, but the Russian military says the aircraft is not Ukrainian intellectual property. ...

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Mapping Russia's new airport construction: From Crimea Wave to Platov International (PHOTOS)

Since 2010, Russia has seen a major boost in infrastructure as the country hosted the Sochi Winter Olympics, Formula 1, the APEC Summit and prepares to welcome the World Cup. As a result, a number of cities got brand new airports. However, not only the cities that hosted major events like Sochi and Vladivostok benefited. Over the last decade, new ...

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France recognizes Russia's new role in international relations, including in Middle East – Macron

Published time: 24 May, 2018 18:21 Edited time: 24 May, 2018 18:58 France recognizes Russia’s new role in international relations, including in the Middle East, said President Emmanuel Macron at a joint media conference with Russia’s Vladimir Putin in St. Petersburg. Macron’s visit coincides with Russia’s largest business forum, the St. Petersburg International Economic Forum (SPIEF), which is held annually ...

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Russia's Far East attracts nearly third of all national investments

The special economic zone and preferences in the Far East have warmed foreign investor interest in the region, which accounts for 30 percent of all investments in Russia, Deputy Prime Minister Yury Trutnev said at SPIEF. “We started with changes in the investment climate… At the moment, a Far East resident gets six times more investment than the average across ...

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World's first floating nuclear power plant reaches Russia's Arctic for maiden mission

The first sea-borne nuclear power plant made in Russia has been towed to the country’s Arctic port of Murmansk, ready to undertake its first mission, generating electricity in remote locations. The water-borne power plant, named Akademik Lomonosov, was built by the state-run nuclear corporation Rosatom in St. Petersburg. The new vessel is set to pioneer a new power source for ...

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Cargo transit along Russia's Northern Sea Route expected to rise by 50% this year

The major sea passage in the Russian Arctic, the Northern Sea Route, is seeing significant growth in cargo flow, according to Deputy Head of Maritime and River Transport Yury Kostin. From the current 9.93 million tons, “I would forecast the cargo flow at 12-14 million tons in 2018,” he told TASS, adding that “most likely it would be even bigger.” Kostin said ...

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US hints at relieving pressure on Russia's RUSAL if owner sells firm

Russia’s biggest aluminum producer and key global supplier RUSAL will be relieved from US sanctions if its owner Oleg Deripaska relinquishes control over the firm, according to the US Treasury. Shares in RUSAL surged almost 15 percent on the Moscow Exchange following the news while global aluminum prices dropped almost 1 percent. The price of the metal had soared 31 ...

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