March 20, 2019 According to the agency, the «Expert RA» rating agency assigned the credit rating of the non-financial company Severstal to ruAAA, which corresponds to the highest level of solvency/financial reliability/ financial stability according to the national scale. The rating outlook is stable. The Expert RA credit rating has been assigned to Severstal for…
March 20, 2019 PJSC Severstal and Global Venture Alliance (GVA) announce the launch of Severstal SteelTech Accelerator – Russia’s first full-scale industrial accelerator for start-ups in the metallurgical industry. Severstal SteelTech Accelerator’s main goal is to find innovative solutions in the industrial sector which can be successfully integrated into Severstal’s production cycle. The window for…
Release March 19, 2019, 19:40 The Gazprom Board of Directors took note of the information about the work being done by the Company to promote natural gas (methane) as a vehicle fuel. It was stressed that wider use of NGV fuel was one of Gazprom’s strategic thrusts in the domestic market. The Company is involved in the NGV refueling infrastructure development, cooperates with manufacturers of natural gas-powered machinery and refueling…
Release March 19, 2019, 19:35 The Gazprom Board of Directors expressed its approval the Company’s ongoing work on its major investment projects. One the Company’s current priorities is the Eastern Gas Program. Gazprom is gearing up for the launch of pipeline gas supplies to China that is scheduled for December 1, 2019. The work on the Power of Siberia pipeline is ahead of schedule. At present, the construction of the pipeline between Yakutia and the…
One of the key events of the year happened at Unit 2 of Leningrad Phase II which is under construction. Erection of the inner containment of the reactor has been completed. The last tier was concreted up to 67 meters in height. Now, the builders will be able to start constructing the highest section of…
British Foreign Secretary Jeremy Hunt condemned the sentence handed out to a prominent human rights activist by a court in Chechnya, calling it “an awful example of Russia suppressing vital work of human rights defenders.” Oyub Titiyev, who runs the office of the Memorial Human Rights Center in the southern Russian region, was sentenced to…
Russia’s national flag carrier Aeroflot will introduce hand luggage-only fares for some of its medium-haul flights at the beginning of April, the Kommersant business daily reported on Tuesday. The new fares come after increased passenger demand for charges to reflect this lighter style of travel. The discounts will apply to select flights operated by Aeroflot…
Kazakhstan’s President Nursultan Nazarbayev unexpectedly resigned on Tuesday after three decades in power, saying his oil-rich Central Asian nation now needed “a new generation of leaders.” Nazarbayev, 78, the last Soviet-era leader still in charge of his country, said he would retain key security council and party leader positions while handing over the presidency to…
The Russian Navy has shared a video of a new Borey-style nuclear ballistic missile submarine for the Day of the Russian Submariner, celebrated in Russia on March 19. Vladimir Korolev, commander-in-chief of the Russian Navy, congratulated submariners on their professional holiday, adding that Russia’s submarine program is being actively developed, the Izvestia news website reported. Navy…
Nearly 200 people are currently being held as political prisoners in Russia, the Memorial Human Rights Center has estimated. “There are civil and political activists who are pursued because of their activity, and those jailed for exchanging scientific information or reposting in social networks,” Memorial, one of Russia’s oldest and most prestigious human rights organizations,…
Special Counsel Robert Mueller, examining potential conspiracy between President Donald Trump’s 2016 campaign and Russia, is leading the latest in a series of U.S. investigations conducted by prosecutors outside usual Justice Department channels in recent decades. The release of the findings by previous investigators analogous to Mueller has been handled differently over the years, sometimes with…
Russian Foreign Minister Sergei Lavrov said on Tuesday that Moscow supported the Algerian government’s initiative to hold talks with the opposition after weeks of protests. Lavrov made the comments after meeting Algeria’s Deputy Prime Minister Ramtane Lamamra in Moscow on Tuesday. Lavrov said earlier on Tuesday that Russia was concerned by the protests in Algeria which he…
A Moscow court has ruled that a feminist Reebok ad urging readers to “sit on a man’s face” did not insult a male plaintiff’s feelings, Russian media reported on Tuesday. PR expert Oleg Voronin sought 200,000 rubles ($3,100) in moral damages from Reebok’s parent company Adidas last month over the racy ad. Following public outcry,…
A Moscow court has ruled that a feminist Reebok ad urging readers to “sit on a man’s face” did not insult a male plaintiff’s feelings, Russian media reported on Tuesday. PR expert Oleg Voronin sought 200,000 rubles ($3,100) in moral damages from Reebok’s parent company Adidas last month over the racy ad. Following public outcry,…
RN Gas Fuel Company, a subsidiary of Rosneft Oil Company, has become a member of the National Gas-Vehicle Association where it will continue to develop the gas-vehicle market and increase the level of use of natural gas as motor fuel. The National Gas-Vehicle Association is an industrial solutions development platform that engages design engineers, builders,…
RN-Yuganskneftegaz, a subsidiary of Rosneft Oil Company, has produced the 400-millionth tonne of oil in Maysky region since the start of commercial exploration of the regional fields. The first field in the area put into commercial exploration in 1976 was South-Balykskoye field. In 2018, Maysky region produced 18.9 million tonnes of oil, a 15% increase…
Russia will not destroy its intermediate-range nuclear missiles that the United States claims violate an unraveling Cold War-era arms control treaty, its Foreign Ministry said on Tuesday. The U.S. said last month it would withdraw from the Intermediate-Range Nuclear Forces (INF) Treaty in six months unless Moscow ends what Washington says are violations of the…
Marlen Khutsiev, one of the Soviet Union and Russia’s most innovative and beloved film directors, died on Tuesday morning at the age of 93. Khutsiev was born in Tiflis (now Tbilisi, Georgia) in 1925. His father (ne Khutishvili) was a communist with a pre-Revolutionary socialist pedigree, who, after serving in high positions within the Soviet…
Moscow’s cost-of-living ranking has plummeted over the past year in comparison to other cities worldwide, the Economist Intelligence Unit’s Worldwide Cost of Living survey has found. The decrease in living costs is linked to high inflation and currency deprivation, the survey reported. The Russian capital has fallen 16 places from 86th to 102nd in the…
A Hyundai Motor Group unit and Russia’s biggest technology company Yandex NV will jointly develop autonomous vehicles based the South Korean automotive giant’s cars. Carmakers and tech companies are racing to rollout self-driving cars. Mercedes-Benz parent Daimler and BMW have set aside traditional rivalries, while Volvo Cars and Baidu Inc. have joined forces to develop…
Release March 19, 2019, 12:20 A Gazprom delegation headed by Alexey Miller, Chairman of the Company’s Management Committee, paid a working visit to Serbia today. As part of the visit, Alexey Miller met with Aleksandar Vucic, President of the Republic of Serbia, in Belgrade. The parties discussed the main areas of their cooperation, focusing, in particular, on the beginning of the construction of the Pancevo TPP which is going to become the first combined cycle…
The partnership at the heart of the OPEC+ alliance showed further signs of strain after Russia pressured the Saudi-led group to delay a decision on the future of their production cuts. The unusual recommendation to cancel next month’s scheduled meeting means the group probably won’t decide whether to prolong its supply curbs until late June,…
An EU citizen has been placed in solitary confinement, denied visitation with his wife and subjected to a grueling daily regimen while awaiting trial in central Russia, the Jehovah’s Witnesses told The Moscow Times. The federal penitentiary service of Kirov region did not immediately respond to requests for comment. Andrzej Oniszczuk, 50, was one of…
U.S. investor Michael Calvey wants to steer away from the politicization of his detention on suspicion of multimillion dollar fraud in Russia, he told Russian tabloid Moskovsky Komsomolets in an interview. “I don’t want to politicize this story and try to distance myself from everything that could lead to that,” Calvey told the Moskovsky Komsomolets…