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Russian machine tool industry looks to recover Soviet-era glory

Demand has grown as a result of sanctions and the ongoing military operation in Ukraine A wave of sanctions and current military engagements have sharply increased demand for domestic machine tools in Russia, Semyon Yakubov, the CEO of RT-Capital, a subsidiary of state-run corporation Rostec, told business daily Kommersant on Thursday.

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Russian alternative overtakes historic Coca-Cola sales

Russian soft drinks brand Dobry overtook Coca-Cola in sales on the domestic market in January-August 2023, news website RBK reported on Thursday, citing a study by NielsenIQ. The Dobry Cola brand is produced at factories that belonged to Coca-Cola HBC Russia, the bottler of the original drink.

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French diesel demand collapsing

Sales of road diesel in France saw a significant year-on-year drop of 13% in September, Bloomberg reported this week, citing industry data. Demand for diesel-type fuel at national level signals a slowdown in the country’s manufacturing activity, as it is vital for the transport and industrial sectors of the economy.

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