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Business |  Industry |  17.05.22

Russia First Time Showed New Domestic Aircraft Engine

The Ministry of Industry and Trade of Russia for the first time showed the Russian PD-8 aircraft engine, which will replace foreign engines on SSJ-100 and Be-200 aircraft. Work on the creation of a Russian engine with a thrust of 8 tonnes has been underway since 2019 and has been intensified taking into account the

Business |  Industry |  16.05.22

Renault Group Assets in Russia Went Under Full Russian Control

The Russian assets of the Renault Group, including the French concern’s stake in AvtoVAZ and the Moscow automobile plant of Renault Russia CJSC, are being transferred to state ownership. This was reported by the press service of the Ministry of Industry and Trade of the country.  It is reported that agreements have already been signed

Business |  Technology |  13.05.22

Russian Developers to Get Access to New VK Video Technologies

The VK Russian social network will allow developers of IT services to use the technologies of the VK Video platform. The social network will provide them with their own opportunities to create videos and broadcasts. This was announced by the technical director of VK, Alexander Tobol, according to the company’s press release. The social network

Business |  Economics |  12.05.22

Gazprom Subsidiaries in Germany Stopped Receiving Russian Gas

German Economy Minister, Robert Habeck, reported that the German subsidiaries of Gazprom have stopped receiving gas from Russia since May 11, 2022.  “Yesterday [on May 11] in the evening, at about 10.30 pm, Putin published a decree according to which European enterprises are subject to sanctions. In Germany, Gazprom and its subsidiaries no longer receive

Business |  Technology |  12.05.22

Russian Post Service to Test Electric Truck in Urban Delivery

“Russian Post” intends to test the electric truck of the company Drive Electro, designed for the transportation of parcels and letters in Moscow. As reported by the Russian postal giant on May 12, the electric truck will be tested for urban delivery from sorting centers to branches.  As specified, the load capacity of the machine

Business |  Technology |  10.05.22

Russia Invented Machine for Building Base on Moon

The Rocket and Space Corporation (RSC) Energia, which is a part of the Roscosmos state corporation, has received a patent for inventions for engineering and construction work on the surface of the Moon.  “RSC Energia named after S.P. Korolev has received patents for two inventions: an engineering lunar machine and a mobile module to support

Business |  Trading |  06.05.22

Russia Included Over 50 Car Brands in Parallel Imports List

The list of goods for parallel import to Russia includes products of more than 50 foreign automobile brands, the largest manufacturers of tires and components for the automotive industry, which follows from the order of the Ministry of Industry and Trade published on the official portal of legal information.  In particular, the list includes the

Business |  Technology |  06.05.22

Russian Experts to Create Mini-Drones That Fit in Pocket

In Russia, based on the experience of a special military operation in Ukraine, pocket-sized drones will be created, according to the official representative of the Rostec state corporation.  On February 24, Russia launched a special military operation to denazify and demilitarize Ukraine. Russia’s President, Vladimir Putin, called its goal “the protection of people who have

Business |  Trading |  06.05.22

Demand for Land Plots in Russia Increased by More Than 10%

Demand for land plots in Russia in the first quarter of 2022 increased by 12 per cent, as Izvestia learned from analysts of the real estate search service Avito Real Estate.  According to experts, the growth of the popularity of land in garden non-profit partnerships (SNT) and suburban non-profit partnerships (DNP) is especially noticeable. So,

Business |  Economics |  05.05.22

British Tax Service Ceased Recognizing Moscow Stock Exchange Status

The British Tax and Customs Administration (HM Revenue & Customs) has deprived the Moscow Stock Exchange (MOEX) of the status of a recognized stock exchange since May 5, 2022. This is stated in a message distributed by the department on Thursday, May 5.  “On May 5, 2022, HMRC revoked the initial inclusion of the Moscow

Business |  Technology |  02.05.22

Russia May Launch Programme for Automatic Video Fakes Detection This Year

The functions of auto-checking video recordings for the presence of elements generated using the so-called “deep fake” technologies may appear in test mode in social media players and browsers as early as 2022, according to the Director of the SafeNet regional engineering centre of the National Technology Initiative, Denis Kuvikov, on Monday, May 2.   The

Business |  Trading |  29.04.22

Foreign Pharmaceutical Manufacturers Decided to Keep Supplying Medicines to Russia

No foreign drug manufacturer has refused to supply drugs to Russia, according to the press service of the Federal Service for Healthcare Supervision (Roszdravnadzor) on Thursday, April 28, 2022.  “The largest distributors of the country assured that as of April 27, 2022, none of the foreign manufacturers announced the termination of the supply of pharmaceuticals

Business |  Trading |  28.04.22

Wildberries Doubled Turnover in First Quarter 2022

Russia’s largest online retailer Wildberries in the first quarter of 2022 increased turnover by 95 per cent compared to the same indicator last year, to 289.2 billion rubles. The total number of orders increased by 128 per cent, to 288.7 million.  Wildberries is Russia’s largest online retailer. The company’s turnover by the end of 2021