manufacture in Russia

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Russia starts oil output cuts

Russia has begun cutting oil output within the framework of last year's agreement among major producers to limit supply and bolster global prices, a source familiar with the course of the agreement said.

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State Duma finally approves Russian budget

The Russian State Duma approved the draft budget for 2017 and the planned period of 2018-2019 in the third and final reading. 315 members of parliament voted for approval of the budget, 99 voted against it, TASS reports. …

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Iran in talks with Russia over $10 billion arms deal

Russia is ready to develop military and technical cooperation with Iran, the Russian Foreign Ministry’s director of the Second Asian Department, Zamir Kabulov, said, adding that Iran is interested in the purchase …

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Russia’s economy continues recovery - media

The Russian economy is in recovery mode, if the latest purchasing managers’ index for manufacturers is anything to go by. The PMI compiled by Markit showed a reading of 52.4 in October, more than the 50.9 reading economists were …

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Rogozin: it is shame to buy foreign aircraft

Russia plans to abandon the acquisition of foreign civil aircraft and start its own aircraft industry, the Russian Deputy Prime Minister Dmitry Rogozin said at a meeting on aviation development. He stressed that the …

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Russia creates unique weapons

Russia has developed first radio-electronic weapons system based on so-called new physical principles, a United Instrument Manufacturing Corporation (UIMC) spokesperson said. "Real models of these weapons have been already …

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Why does Russia need high productivity?

The constant increase in the labor productivity is one of the foundations of sustainable economic growth, however, Russia is much inferior to more developed countries, the head of the Russian Central Bank Elvira Nabiullina said …

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Russia developing hypersonic weapons

Russian specialists working on development of hypersonic weapons may get first results as early as the beginning of the next decade, the general director of the Tactical Missile Systems Corporation, Boris …

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 Astrakhan to lay out first Russian cruise liner

The Lotos shipyard in Astrakhan in south Russia will hold a ceremony on August 15 to lay out the first passenger liner in the post-Soviet time for cruises in the Caspian Sea, the regional ministry of industry, transport and natural resources …

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Ulyukayev tells what Russia should do next

The Russian Minister of Economic Development Alexei Ulyukayev published an article titled 'What to do next? in the Vedomosti newspaper today. He outlined there his program of actions which would allow the Russian economy to grow every year by 7%, as it was in the early 2000s. The Minister bases his arguments on the premise that the world economy has changed dramatically and only those developing countries that are able to adapt to these changes will keep high growth rates. "In this situation, Russia's economic policy should be aimed at increasing the potential growth, which can be achieved through better use of labor resources, accumulation of capitals through the growth of investments and increasing productivity," Ulyukayev believes.

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Experts: Russian economy needs changes

Russia has all the necessary conditions for the recovery of economic growth, but it is necessary to fundamentally change the approaches to the regulation of the economy and the economic model to move from words to actions. Such an opinion was ...

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