New Russian MC-21 Aircraft Can Compete With Boeing And Airbus Models, Analysts Say


A new report says the Russian narrow body Irkut MC-21 “appears to be an excellent aircraft” that can compete with similar models from Airbus and Boeing, but sales outside Russia will be hampered by concerns over maintenance and geopolitics.

Trade between Russia & Britain on rise despite sinking relations


Trade turnover between Russia and the UK may reach $14 billion by the end of 2018, according to Boris Abramov, a Russian trade representative in the UK. Businesses are clearly shrugging off the singularly fraught relationship.

Russia-Austria trade soars almost 60 percent, approaching pre-sanctions record highs


The volume of trade between Russia and Austria has been steadily growing, reaching $4.2 billion since January year-on-year, said Russia’s trade representative in Austria Aleksandr Potemkin.

Bitfury Partners With Russian Economics University to Establish Blockchain Accelerator


Multisectoral blockchain company Bitfury has partnered with the Plekhanov Russian University of Economics to create an accelerator for blockchain projects, Russian crypto news outlet Forklog reports

Geropharm looks to become leading insulin producer in Russia


Geropharm, one of Russia’s leading drugmakers, has officially commissioned a new plant for the production of insulin substances in St Petersburg, according to the company.

Russia’s stock market demonstrates record-breaking figures in 2018


The Russian stock market demonstrates record-breaking performance in 2018 and operations in the first three quarters are almost equal to the figure for the whole last year, Managing Director of the Money and Derivatives Market at the Moscow Exchange (MOEX) Igor Marich told reporters.

Enel Russia inks loan deal for 90-MW wind project


Enel Russia announced today that its wholly-owned unit Enel Rus Wind Azov LLC signed the loan agreement on November 8. The funds this deal provides will be used to finance the construction of the 90-MW Azovskaya wind farm, which is expected to enter into service in late 2020.

Lada love for Russian car brand as it ranks among world’s top 50 best-sellers


Russia’s Lada cars, which are manufactured by AvtoVAZ, came 48th in the rankings of the best-selling brands. It has improved its performance by three positions. In the first nine months of 2018, AvtoVAZ sold almost 286,000 Lada cars, boosting sales by 21 percent

Russia increases component exports


Several automotive manufacturers in Russia are increasing component exports in line with plans announced at the beginning of this year.

Russian economy expands in October but consumption slows


Gross domestic product expanded by 2.5 percent in October compared with a year ago, up from 1.1 percent in September, the monthly data showed.

Russia: Raiffeisen Bank, Gazprom Partner to Issue Bank Guarantee on Blockchain


Yaroslav Kuzminov, a dean at the Higher School of Economics (HSE), one of Russia’s most innovative universities, announced plans to move classes completely online.

Why Russia Matters To The Refining Sector


Russia is a major exporter of refined products to the global market, supplying almost as much as the major Middle East suppliers. This is largely the result of government policy on export taxes.