NovaWind JSC will invest 955 million rubles in the construction of a wind turbine manufacturing plant in Volgodonsk (Russia)

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Today, at the Russian Investment Forum in Sochi, the Ministry for Industry and Trade of the Russian Federation, NovaWind JSC (the ROSATOM division responsible for renewable energy industry projects) and Red Wind B.V., a Russian-Dutch joint venture, have signed a Special Investment Contract (the SPIC) to implement the investment pro-ject for creating a manufacturing facility…

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Contract signed with Almaz-Antey Corporation for batch manufacturing of subsea production equipment

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Release February 14, 2019, 17:35 Alexey Miller, Chairman of the Gazprom Management Committee, and Yan Novikov, Chairman of the Management Board, Director General of the Almaz-Antey Corporation, today at the Russian Investment Forum in Sochi signed a long-term contract for the supply of import-substituting products in the amount equal to guaranteed future purchases. According to the document, the Corporation will set up the batch manufacturing and…

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Russian Lawmakers Propose Fining Government Officials for Insulting Citizens

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Communist lawmakers in Russia have submitted a bill that would introduce fines for officials who disrespect their voters, Interfax reported on Thursday. Public officials across Russia have increasingly made national headlines for being caught on record insulting regular citizens. The mayor of a smog-hit mining town landed in hot water on Wednesday for calling his…

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A Valentine’s Day Ski Date for Two: Putin and Lukashenko Hit the Slopes

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In southern Russia’s resort city of Sochi, President Vladimir Putin shows once again that he’s always ready to demonstrate his physical fitness as he hits the slopes with Belarussian President Alexander Lukashenko. Their ski date comes a day after Lukashenko promised that despite strained ties between the two neighbors Belarus would “never deliver bad vodka or bad…

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Celebrate Russia On Stage

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Every spring Russia celebrates the best of theater with a three-month festival called the Golden Mask. This year theater-lovers are looking forward to a particularly vibrant festival, since it is celebrating its 25th year while the country celebrates its Year of Theater. The best productions of drama and comedy, opera, ballet, contemporary dance, operetta and…

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Arena Park Moscow

Moscow Real Estate

VTB Arena Park will enrich the historical center of Moscow and become a prestigious and attractive district where modern life rhythms will be harmonized with the tranquility and peace of the old Moscow. Cozy pedestrian parkways, cafes, restaurants, shops and services enterprises will create a welcoming and comfortable megalopolis environment adding new modern colors to…

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‘Insane, Ridiculous’: Russian Lawmakers React to New U.S. Sanctions Bill

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U.S. senators introduced a bill on Wednesday that would impose stiff new sanctions on Russia over suspected meddling in U.S. elections and aggression against Ukraine. Targets of the sanctions would include: Russian banks that support efforts to interfere in foreign elections; the country’s cyber sector; new sovereign debt; and individuals deemed to “facilitate illicit and…

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Gazprom and Uniper discuss gas supplies and Nord Stream 2

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Release February 13, 2019, 19:25 A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Bernhard Reutersberg, Chairman of the Supervisory Board of Uniper, took place in Moscow today. The parties discussed ongoing and future cooperation, including Russian gas supplies to Germany. It was noted that the amount of gas exports to the country was maintained at the level of the previous year due…

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Neva Towers. Moscow

Moscow Real Estate

Neva Towers – the flagship project of Renaissance group of companies – is the most successful project among premium-class apartments in Moscow real estate market. Breathtaking views, private park with a panoramic pool, spa, fitness center, private cinema, squash courts and more… Neva Towers is a contemporary apartments complex with a private park, which provides…

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Tenants are puzzled: real estate in Moscow becomes cheaper, but rental rates are the same

Moscow Real Estate

urrently we can observe rather high market activity in renting Moscow housing. There are quite a lot of potential tenants interested in central Moscow area, especially in the area of Tverskaya, Patriarchy Ponds, Mayalovskaya metro, Arbat-Kropotkinskaya and Zamoskvorechye neighborhoods. Cental Best-sellers always carry value Housing in these areas is traditionally best-selling due to great demand…

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Insurance versus deposit: new alternative to traditional security deposit paid to property owners

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Many tenants are a bit puzzled when they stumble into the must-payable ‘three amounts’ while renting an apartment. These three amounts are traditional security deposit covering possible damage to an apartment rental, commission to real estate agency along with advanced payment for one-month rent. Insurers believe than new product will fully protect owners’ property and…

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Russia Warns U.S. Against Meddling in Venezuela Crisis

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Russia said on Tuesday it was ready to facilitate the start of dialogue between Venezuela’s government and opposition but warned the United States against intervening in Caracas’ internal affairs. Russia has sided with President Nicolas Maduro in his stand-off with opposition leader Juan Guaido. Maduro retains control of state institutions including the military, but most Western countries,…

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Moody’s upgrades Severstal to Baa2 with stable outlook

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February 13, 2019 PAO Severstal (“Severstal”; “the Company”), one of the world’s leading vertically integrated steel and steel-related mining companies, announces that Moody’s has upgraded its rating on Severstal to Baa2 from Baa3 and changed its outlook from positive to stable. Moody’s also raised Russia’s country ceilings for foreign currency debt to Baa2/P-2 from Baa3/P-3…

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Russia Moves to Grant Government the Power to Shut Down the Internet, Explained

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Russian lawmakers advanced a contentious draft bill on Tuesday that seeks to give the authorities the power to unplug the national internet network from the outside world. Deputies submitted the measures to tighten state control over the internet in December, citing the need to respond to an “aggressive” U.S. national cybersecurity strategy. Although Russia’s state…

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Expect Slower GDP Growth in 2019, Russia’s Economic Ministry Says

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Russia’s Economic Development Ministry has projected significantly slower GDP growth over the next year, describing growth at 2018 levels as “unsustainable.” The Rosstat federal statistics agency sparked skepticism last week for releasing figures that suggested that Russia’s economy had grown 2.3 percent in 2018 — its fastest rate since 2012 and up from 1.6 percent…

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ROSATOM launched the program to train managers of NPP construction projects

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ROSATOM has launched the sector-wide Advance Training Program for managers of nuclear facility construction projects in the Russian Federation and abroad. It will allow building up new competences, implement best world practices of construction project management on sites and train necessary candidates pool for implementation of the world’s largest portfolio of NPP construction projects. The…

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Urengoy Waltz dancesport competition held in Novy Urengoy

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News from projects and regions February 11, 2019, 18:00 On February 10, Novy Urengoy’s Gazodobytchik Culture and Sports Center hosted the 20th annual open dancesport competition Urengoy Waltz. The tournament combined an open competition for the Gazprom Dobycha Urengoy Cup with the Yamal-Nenets Autonomous Area dancesport contest and championship. This festival of dance has for many years been…

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Putin’s Ambitious Plan to Overhaul Russia’s Economy Will Cost $390 Bln, Government Estimates

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Russia will spend 25.7 trillion rubles ($391 billion) on carrying out President Vladimir Putin’s expansive promises to overhaul Russia’s economy by the end of his last term in office, according to a new government estimate. After his inauguration last May, Putin outlined plans to spend at least 8 trillion rubles on infrastructure and social issues…

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‘The Theater’ in 2019

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A conversation with Vladimir Urin, general director of the Bolshoi Theater. Damir Yusupov / Bolshoi Theater In Russia, the Bolshoi Theater is “the theater” — the most prestigious venue for opera and ballet in the country. The Moscow Times talked to Vladimir Urin, the Bolshoi’s general director, about the theater’s plans for 2019.  Which blockbuster…

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Russian Opposition Rallies Calling For Release of Political Prisoners

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On Sunday Feb.10, Russian protesters rallied in Moscow and St. Petersburg to demand freedom for political prisoners after a daughter of activist Anastasia Shevchenko died in hospital while her mother was under house arrest. Shevchenko is a member of Open Russia movement, founded by Kremlin critic and former oil tycoon Mikhail Khodorkovsky, and was arrested in January, accused…

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The Magical Light of Arkhip Kuindzhi

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Come and be dazzled “Birch Grove” 1879 Arkhip Kuindzhi Courtesy of Tretyakov Gallery On January 27, Arkhip Kuindzhi’s exhibition at the Tretyakov Gallery—a retrospective in honor of the artist’s 175th birthday—became a news sensation after a 31-year-old man stole the painting “Ai-Petri. Crimea” during the museum’s working hours. The heist, which made worldwide headlines, also…

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Russia’s Investigative Committee Seeks Donations for Archangel Statue, Reports Say

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The head of Russia’s Investigative Committee is reportedly seeking donations for the construction of a bronze Archangel Michael statue at the entrance of his agency’s new headquarters in Moscow as religious symbols gain an increasingly prominent place in Russian state institutions. The Russian Orthodox Church has become a powerful political force since the anointment of Patriarch Kirill as its…

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After Jailing of Jehovah’s Witness, Human Rights Activists Warn of ‘Wave’ of Arrests

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Two days after a Russian court sentenced a Jehovah’s Witness to six years in jail, human rights activists have warned the case will trigger a crackdown on other religious minorities. On Wednesday, Dennis Christensen became the first Jehovah’s Witness convicted for extremism after Russia’s Supreme Court blacklisted the religious group in April 2017. Read More…

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Paralympic Committee Lifts Russia Ban, With Conditions

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The International Paralympic Committee (IPC) said on Friday it would lift the ban on Russia’s Paralympic Committee by March 15, under certain conditions. Russia has been barred from international Paralympic competitions since August 2016 over allegations of state-sponsored doping similar to the ones that led to the suspension of its athletics federation and anti-doping agency. The IPC…

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Russia Pledges Response to Norwegian Military Activity

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Russia on Thursday accused Norway of pushing ahead with a military build-up which it said increased the risks of military action and required some kind of Russian response. Maria Zakharova, a spokeswoman for Russia’s Ministry of Foreign Affairs, said Moscow had watched as NATO member Norway had become more and more active in helping the Western military alliance build up its presence in the Arctic…

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