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Articles with tag "Industry"

Russia Eyes Industrial Levy to Shield Domestic Producers and Plug Budget Gaps

The proposal comes amid the sharpest contraction in manufacturing activity since 2022, as well as mounting fiscal pressure on the state. 

Defense Drives Russia’s Industrial Growth as Civilian Production Contracts

Analysts warn that Russia’s economy has become disproportionately driven by the military-industrial complex in the fourth year of its invasion of Ukraine...
2 Min read

Russia’s Easy-to-Reach Mineral Deposits Nearly Depleted, Minister Says

“Geologists are forced to move further and further into the Arctic and difficult-to-reach regions of the Far East and Siberia,” Russia’s Natural...
1 Min read

U.S., U.K. Widen Ban on Russian Metals in Bid to Disrupt Revenues

The move bans metal exchanges from accepting any new aluminum, copper, and nickel produced by Russia.
2 Min read

Huge Fire Breaks Out at Russia's Uralmash Machine Factory

The fire engulfed 4,500 square meters of an unidentified “workshop” and a roof collapsed onto an area of 300 square meters before the blaze was contained...
1 Min read

Russian Billionaire Antipov Detained After Steel Plants Nationalized

Earlier on Monday, a court ruled to seize three steel production plants owned by billionaire Yury Antipov.
1 Min read
Feature

Russia Grapples with Long-Abandoned Toxic Waste Sites

Thousands of leftovers from Soviet and modern Russian industry continue to leak pollution into the environment, putting the health of millions at risk...
5 Min read

Russian Factories Face Record Labor Shortages

A Gaidar Institute survey found that 42% of industrial enterprises faced a shortage of workers in July, surpassing a previous record set in April.
1 Min read

3 in 4 Russian Manufacturers Hit by Western Sanctions, Survey Finds

Of the Russian manufacturers affected by sanctions, 77% said the impact on their business had been negative.
2 Min read

Putin's Limousine Maker Takes Over Nationalized Toyota Plant

The Russian company that made President Vladimir Putin’s limousine has taken over Japanese car maker Toyota’s St. Petersburg plant.
1 Min read

Russia’s Car Manufacturing Collapses by 97% in May

Russia manufactured 3,700 cars in May — 97% fewer than the same month last year.

Russian Car Factory Gives Farmland to Furloughed Workers

The plant has seen has production drop threefold after BMW and General Motors left the Russian market.
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