The French firm Framatome has reportedly been cleared to supply equipment to a Rosatom-led project in Hungary The energy transition ministry of France has agreed to allow Framatome, a nuclear energy subsidiary of Électricité de France (EDF), to participate in the construction of two reactors at the Hungarian Paks-2 nuclear power plant alongside Russian nuclear…
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A local buyer is reportedly eyeing the US conglomerate’s share in a St. Petersburg shopping mall US investment bank Morgan Stanley is looking to sell its last asset in Russia, a 50% share in a shopping mall in St. Petersburg, business daily Vedomosti reported on Thursday.
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The Russian economy has proven to be more resilient to sanctions than anticipated, the International Monetary Fund reported on Friday. According to the IMF, Moscow managed to redirect its energy exports from sanctioning to non-sanctioning countries, and saw its oil and gas revenues hit record highs last year, driven by soaring energy prices. This helped…
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