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Western Shipbuilding Center, a subsidiary of United Shipbuilding Corporation (USC) has acquired 75.677 percent of Vyborg Shipyard, Interfax reported Wednesday. The deal is worth about 1.8 billion rubles ($60 million). USC acquired 852,866 voting shares from...
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Safety, Cost Meet Head On in Arctic Oil Race
17 May 2012
By Irina Filatova / The Moscow Times
... 35-kilometer trip just to buy sausage, which was usually available in the well-stocked stores of strategically important defense industry centers. Defense orders still form the backbone of the city's economy, with two-thirds of its population employed at two shipbuilding plants that struggled through the collapse of the Soviet Union. But thanks to global warming, thawing of the Arctic ice and the world's appetite for oil, Sevmash, Russia's only producer of nuclear submarines for the Navy, and Zvyozdochka...
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Most Read
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Vkontakte Founder Tosses 5,000-Ruble Notes Out Window
The founder of the social networking site Vkontakte celebrated St. Petersburg’s 309th anniversary over the weekend by tossing paper airplanes carrying 5,000-ruble notes out a building window.
2.
TNK-BP Head Quits as Shareholder Crisis Flares
Billionaire Mikhail Fridman resigned Monday as chief executive of TNK-BP, plunging the country's No. 3 oil firm deeper into crisis and challenging co-owner BP's grip on the business.
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Opposition Applies for 50,000-Strong Rally June 12
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Syria Thriving on Russian Coal
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Feeling Like 'Idiots,' 4 Bikers Flying Back Home From Iraq
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McCain: Don't Count on Russia to Force Out Assad
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7.
Latest RenCap Firings Unlikely to Be the Last
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Domodedovo Suggested as New Center of Officialdom
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First Arrest Made Related to May 6 Violence
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Putin's Sobchak Problem
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Tabloid: Superjet Downed by U.S. Industrial Sabotage
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2.
Red Square Flyboy Regrets Air Stunt
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Village Grannies Make It to Eurovision Finals
Russia's group Buranovskiye Babushki has made it into the finals of the Eurovision Song Contest in Baku, Azerbaijan, bringing the elderly folk singers from a far-off Russian village to the attention of more than 100 million viewers around the world.
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Sweden Wins Eurovision; Grannies Take Second
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Protest and Chaos Seen in Kudrin-Ordered Study
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Tensions Rise as Opposition Leaders are Freed
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More Public Figures Accused of Flouting Road Rules
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150 Detained at Anti-Kremlin Rallies
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Ukraine in Uproar Over Status of Russian Language
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Putin's Cabinet Cronies Follow Him to Kremlin
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Hundreds of Arrests Set Grim Backdrop for Victory Day Celebrations
As Moscow gears up to celebrate its victory in World War II, 67 years ago Wednesday, the shadow of political conflict shrouds the capital as hundreds of arrests cloud Victory Day festivities.
2.
Russian Satellite Takes Highest-Ever Resolution Picture of Earth
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3.
Bodies, No Survivors Spotted at Superjet Crash
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Mysterious Photos Reveal an Unseen WWII
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5.
Tabloid: Superjet Downed by U.S. Industrial Sabotage
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6.
Furniture Magnate Shot Dead in Mercedes in Moscow Region
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7.
Vladivostok Bridge Climbers Fined 300 Rubles Each
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New Cabinet Has Familiar Cast of Characters
President Vladimir Putin on Monday announced the makeup of the new Cabinet answering to Putin and Prime Minister Dmitry Medvedev, with three-fourths of the members having been replaced.
9.
Superjet Missing in Indonesia With 50 on Board
A dark cloud was cast Wednesday on the revival of Russia’s aviation industry when a Sukhoi-built Superjet 100 with 50 people on board disappeared from the radar screens of Indonesian flight controllers.
10.
Why Putin's Days Are Numbered
On Monday, Vladimir Putin will take the presidential oath of office for the third time. After 12 years in power, Putin has increased his control over the country's major institutions, the siloviki and state bureaucracy.
