manufacture in Russia

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Renault not to be able to buy back plant in Moscow

Renault not to be able to buy back plant in Moscow

Renault won’t have an option to buy back its plant in Moscow, Deputy Mayor Maksim Liksutov said on Moskva-24 television. "It’s important that when we got the plant, we didn’t give an option to Renault for a …

Finland's Stora Enso divests two sawmills in Russia

Finland's Stora Enso divests two sawmills in Russia

Finland’s Stora Enso has entered into an agreement to divest its two sawmills and their forest operations in Russia to local management, the group said on Monday. “Stora Enso’s assessment is that due to the …

Stellantis suspends vehicle production in Russia

Stellantis suspends vehicle production in Russia

Carmaker Stellantis said on Tuesday it was suspending production at its Russian plant due to logistical difficulties and sanctions imposed on Moscow. The world's fourth-largest automaker, which produced and sold the Peugeot, …

Henkel to continue business in Russia for now

Henkel to continue business in Russia for now

Henkel will continue doing business in Russia for the time being, the German consumer goods group's chairperson said, adding that the company's activities in the country are subject to restrictions. "This is sometimes …

Renault resumes production at Moscow plant

Renault resumes production at Moscow plant

French carmaker Renault resumed production at its Moscow plant on Monday, a company spokesperson told Reuters. Renault suspended operations at its car assembly plant in Moscow in late February, saying at the time it was due to a …

Amcor to begin scaling back Russia operations

Amcor to begin scaling back Russia operations

Amcor Plc said Monday it is going to start scaling back operations in Russia. In a letter from Chief Executive Ron Delia, the company said that while its first focus is the safety of its people in Ukraine, "we recognize that our …

Severstal suspends supplies of products to Europe over sanctions

Severstal suspends supplies of products to Europe over sanctions

Severstal can no longer supply products to the European Union after sanctions were imposed on its main owner Alexey Mordashov, the company said in a statement on Wednesday. The EU slapped sanctions amid Russia’s military operation in …

Russia may start producing foreign vaccines against COVID-19

Russia may start producing foreign vaccines against COVID-19

Russia is ready to launch the production of foreign vaccines against the COVID-19 coronavirus, Russian Minister of Industry and Trade Denis Manturov said. At the same time, he stressed that the decision on foreign vaccine manufacturing …

IRCS buys rescue helicopters from Russia

IRCS buys rescue helicopters from Russia

Iran’s Red Crescent Society (IRCS) signed a contract with Russia's company Russia Helicopter for purchase of rescue helicopters. Speaking during the signing ceremony, IRCS chief Karim Hemmati said that Iran’s …

Russia’s industrial production to remain at 2019 level in 2020

Russia’s industrial production to remain at 2019 level in 2020

Russia’s industrial production may decline by 4-5% by the end of 2020 if the June dynamics persists, or even remain roughly at the level of 2019 unless a second coronavirus wave occurs, Industry and Trade Minister Denis Manturov said. …

Russia’s industrial output falls 9.6% on year

Russia’s industrial output falls 9.6% on year

Russia’s industrial output dropped 9.6% in May against a fall of 6.6% in April in annual terms, the Federal State Statistics Service said in a report. It decreased 5.5% in May against a fall of 9.2% in April in monthly terms. …

Cavusoglu recalls Turkey's stance on S-400 issue

Cavusoglu recalls Turkey's stance on S-400 issue

Turkish Foreign Minister Mevlut Cavusoglu said that the country is ready to purchase U.S.- made Patriot surface-to-air missile systems, but Ankara's stance on the S-400 issue has not changed. "We are ready …

Opel resumes car sales in Russia

Opel resumes car sales in Russia

PSA Peugeot Citroen has begun selling new Opel models in Russia. "Opel is returning to Russia: today, first models of the German automaker from Russelsheim arrived at car dealerships of official dealers in main cities of …