Italian white goods household equipment manufacturer Ariston has announced its return to Russia after exiting the market in 2022, according to a company statement. Ariston has become the first major Western brand to announce a return, after Russian President Vladimir Putin signed a decree on Wednesday (March 26) removing the Ariston’s subsidiary in Russia from […]
South Korea’s LG Electronics has carried out a test restart of its manufacturing plant in Ruza, near Moscow, which produces washing machines and refrigerators. The facility has been closed since operations were suspended in 2022 due to Ukraine conflict-related Western sanctions. LG halted all deliveries to Russia and suspended operations shortly after the escalation of […]
The Russian Culture Minister Olga Lyubimova has said that Russia and China are planning to adopt an action plan in collaborative filmmaking and approve specific ideas for co-produced films, saying that “Our goal is to approve specific ideas for co-produced films, which would not only attract a large audience in Russia and China, but will […]
The Russian Direct Investment Fund (RDIF) has proposed creating a new investment fund together with Russian and international development institutions, banks, pension funds and foreign partners to support the implementation of projects in the Arctic, according to Kirill Dmitriev, the RDIF CEO, and Russian Special Representative for Investment and Economic Cooperation with Foreign Countries. He […]
Shareholders in Luxembourg’s O’Key Group have voted in favor of the company’s re-domiciliation from Luxembourg to Russia, the retailer has stated. The global depositary receipts of the Luxembourg holding company will be recognized as shares of the IPJSC at a 1:1 ratio following re-domiciliation, with the company to be registered in Kaliningrad’s’ Oktyabrsky Island Special […]
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Russia imported 20,000 tonnes of seafood from Iran in 2024, up 25% from the previous year, the Russia Fish Union said, citing the European Market Observatory for Fisheries and Aquaculture Products (EUMOFA). In monetary terms, imports also increased 25%, reaching US$60 million in value. Russia accounted for 10% of Iran’s total seafood exports in volume […]
Russia’s foreign trade for January amounted to US$50.7 billion, 4.6% more than in the same period last year. Exports increased by 3.2% to US$29.3 billion, and imports by 6.6% to US$21.4 billion, according to the Federal Customs Service (FCS) of Russia. Traditionally, mineral products have formed the basis of Russian exports. Their share in the […]
Moscow based Rusal has signed an agreement with India’s Pioneer and KCap to purchase the Pioneer Aluminium Industries Limited alumina refinery, with capacity to produce 1.5 million tonnes per year, the Russian company said. Rusal are the world’s second largest aluminium manufacturer, accounting for almost 9% of the world’s primary aluminium output and 9% of […]
A delegation from Russia’s Ministry of Education has paid an official visit to the Central African Republic (CAR), visiting a site in the capital, Bangui, where a ‘Russian House’ joint academic centre will be built, according to Usman Rassukhanov, the director of the Ministry’s Department for the Integration of the National Education System and International […]
The Third International Future Technologies Forum held February 20 and 21 in Moscow, which sets the stage for groundbreaking scientific exploration, where emerging ideas, still taking shape in laboratories and research centres, are discussed and refined. This year’s forum focused on chemistry and the application of new materials – cross-cutting fields that will play a […]
African Tourists visiting Russia have become a growth trend, and have risen by nearly 60% over the past two years, according to Yulia Maksutova, the deputy director general of the Center for Strategic Research (CSR) in Moscow. Maksutova highlighted a rising demand for travel, powered by expanding business and educational exchanges. She said that flight […]
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