Source link President Vladimir Putin has instructed the government to weigh requirements for organizing production of both stationary and portable game consoles in Russia, according to a statement published on the Kremlin’s official website on Wednesday. Putin’s order was issued following a meeting on the socio-economic development of Kaliningrad Region. Aside from consoles, the president […]
Source link Hydrocarbons production will remain relevant for a “very long time,” the Russian president has said The world will continue using oil and gas for a long time despite the focus on renewable energy, Russian President Vladimir Putin has said, adding that jobs in this sector have a secure future. He was speaking at […]
Source link Moscow’s military is adapting and learning during the Ukraine conflict, the American army’s chief of staff has acknowledged Russia should not be underestimated as its military has shown the ability to adapt and the country has expanded its industrial base amid the conflict with Ukraine, US Army Chief of Staff General Randy George […]
Source link Agency head Rafael Grossi has voiced doubts that the bloc would sanction Russia’s Rosatom The European Union is dependent on Russian uranium deliveries and sanctioning them would be unrealistic, International Atomic Energy Agency (IAEA) head Rafael Grossi said on Monday. Grossi was in Brussels, briefing EU foreign ministers on the Iranian nuclear enrichment […]
Source link Local currency settlements will significantly benefit businesses trading with Moscow, Ajay Sahai told RT New Delhi can significantly increase exports to Russia and reduce the existing trade deficit by using payment mechanisms in local currencies, the head of the Federation of Indian Export Organisations (FIEO) has told RT. Ajay Sahai, the director general and […]
Source link A growing number of manufacturers are relocating operations outside the country, an industry lobby warns One in three German manufacturers is considering moving production to other countries amid economic troubles, double the number recorded in 2022, Bild news outlet reported on Saturday, citing Siegfried Russwurm, the head of the Federation of German Industries […]
Source link Enterprises producing naval drones and various types of missiles were hit, the Defense Ministry in Moscow has said Russia has carried out major missile and drone strikes against Ukrainian military-industrial facilities, the Defense Ministry in Moscow has announced. DETAILS TO FOLLOW You can share this story on social media: Follow RT on
Source link The EU’s industrial powerhouse is plagued by falling orders and growing production costs Germany’s automobile industry is in decline and the country needs assistance to salvage it, Russian President Vladimir Putin said during a visit to the All-Russia Exhibition Center in Moscow on Thursday. “They are now destroying their auto industry. They need […]
Source link Global demand for oil and gas will eventually start to wane, Maksim Oreshkin has predicted The oil and gas sector is not the most promising part of the Russian economy as global demand for crude is expected to fall in the long term, Maksim Oreshkin, the top economic adviser to President Vladimir Putin, […]
Source link Transit via Ukraine to Austria may be halted in the near future, according to OMV’s Alfred Stern There is a significant risk of Russian gas transits through Ukraine being terminated, the head of energy giant OMV, Alfred Stern, has said. In an interview with the Die Presse newspaper this week, the Austrian company’s […]
Source link An Arctic storm has reportedly affected the operations of multiple refineries from North Dakota to Texas A severe winter storm shut a US Gulf Coast refinery in Texas on Tuesday, caused a glitch at some other petroleum plants, and halved North Dakota oil production, Reuters reported on Wednesday. People familiar with TotalEnergies’ operations […]
Source link Production drilling still managed to reach the highest level in a decade last year, data shows Russian oil companies were on track for record drilling at their oil fields last year and showed no signs of harm from sanctions or the departure of some Western oil-field service providers, Bloomberg reported on Wednesday. From […]
Source link Timber exports to China will not lead to deforestation in Siberia, the forestry agency has assured Russia will not lose its Siberian taiga due to timber exports to China, as more trees are planted than cut, the forestry authority has announced. In an interview on Wednesday, Ivan Sovetnikov, the head of Russia’s Federal […]
Source link Domestic demand for the sector’s products increased by 11.5% year-on-year in 2023 The chemical industry has significantly contributed to the Russian economy in 2023, Industry and Trade Minister Denis Manturov said on Friday at the ‘Russia’ expo being held at Moscow’s VDNKH complex. The minister highlighted stable growth in consumption of chemical industry […]
Source link Mercedes, BMW, and other European carmakers will likely “fade into history” within the next decade, Maksim Oreshkin has warned China is rapidly gaining market capitalization in the global automobile sector, while European carmakers are losing competitiveness, Maksim Oreshkin, Russian President Vladimir Putin’s top economic adviser, told Expert magazine in an interview published on […]