Latest news with #DenisManturov
Russia Today
18-06-2025
- Business
- Russia Today
Russia is open to ‘smart' foreign investment
Russia is open to foreign investment but it should be 'smart' and focused on developing new technological capabilities, First Deputy Prime Minister Denis Manturov has said. Speaking at the St. Petersburg International Economic Forum (SPIEF 2025) on Wednesday, Manturov said that most foreign companies that stayed in Russia despite Western sanctions are acting 'correctly.' He said those companies are investing in scientific and technical development and operating in ways that have helped them retain their positions in the Russian market. According to the deputy prime minister, however, future foreign investment must follow clear business principles and should go beyond simply expanding production capacity. Manturov reiterated that Russia is not rejecting foreign investment, but highlighted the country's ability to continue operating under sanctions and finding domestic solutions to complex economic issues. He also said that Russia should be selective about its investment partners and focus on cooperation that strengthens its technological base. 'In the future, we must establish clear principles for doing business with foreign investors. We're not turning them away, but investment must be smart — not just about building capacity, but about developing new technological competencies where additional growth is needed,' he noted. His remarks come as Russia is drafting legislation that would regulate the right of foreign companies to reclaim assets sold during their exit from the country after the escalation of the Ukraine conflict in 2022. The law would allow the Russian authorities or current owners to reject asset buybacks under certain conditions. Grounds for doing so would include the repurchase price being below market value, or if more than two years have elapsed since the original deal, during which time the Russian owner fulfilled its obligations to employees and creditors. Following the exodus of foreign firms, the Russian market has largely adapted by promoting domestic and Chinese brands, thus making re-entry more challenging for Western companies. In sectors such as the automotive and fashion industries, local alternatives have filled the void left by departing Western firms.
Russia Today
14-06-2025
- Politics
- Russia Today
Russia tests new laser weapons (VIDEO)
Russia has successfully tested eight anti-aircraft laser systems, the government said on Friday. They were designed specifically to tackle drone threats, the statement added. The trials were attended by senior Russian officials, including Russian First Deputy Prime Minister Denis Manturov. The tests were conducted at specialized proving grounds and organized by Russia's Military-Industrial Commission and Ministry of Industry and Trade. 'During the tests, the accuracy of guidance, range of destruction, reaction speed of the systems to moving air targets, and resistance to various weather conditions were checked,' the Russian government said in its statement. Eight new weapons, ranging from 'compact mobile devices to stationary high-power systems,' were tested during the trials. The laser weapons faced assorted targets, including small-sized commercial drones and 'more complex devices simulating reconnaissance and attack drones,' the Kremlin said. Footage of the trials shows drones getting shot out of the sky by laser beams and crashing into the ground. The video also features the destroyed targets put on display, with some of the drones appearing to bear distinct burn marks. All the systems featured at the test performed as advertised by their manufacturers, the statement noted. It also said that the trials proved 'the correctness of the chosen direction for the development of integrated defense systems' to protect critical infrastructure facilities from UAVs. The trials pave the way to mass production of the relevant systems and to scaling the solutions displayed by the manufacturers, it added. Attempts to create laser-based weaponry, including anti-aircraft systems, have been repeatedly made by many nations. Most combat laser systems however, never made it past the prototype stage, being plagued by assorted operational and technical issues, including too short a range and dependency on high-output power sources. The conflict between Russia and Ukraine, where cheap mass-produced drones have become a key tool for both battlefield use and long-range strikes, has apparently given a new impetus to the development of laser-based systems. In recent months, several countries, including Ukraine, India, and Israel, have unveiled new weapons of the type.
Time of India
07-06-2025
- Science
- Time of India
Russia patents drone tech: Orbital station to launch spacecraft automatically; robots to maintain station
Russia patents space technology, uses robots for maintenance of orbital stations (Representative image: PTI) Russia has developed and patented a new technology that allows spacecraft to be launched automatically from an orbital station, Russian news agency TASS reported. This system also includes robotic maintenance features, making it the first of its kind in the world. The technology will be tested at the upcoming Russian Orbital Station (ROS), and later used in future lunar exploration missions . Russia's first deputy Prime Minister Denis Manturov informed President Vladimir Putin about the developments of this technology, emphasising at Russia's need to transition to its own orbital station, module-by-module by 2030. The ROS 'will become the world's first drone platform equipped with robots for its maintenance. This is a patented solution of the Russian Federation,' Manturov said during the meeting on Friday, as reported by PTI. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo The meeting was chaired by Putin through a televised medium to assess the current national projects, particularly in the field of space. Work is currently underway to develop the Russian Orbital Station (ROS), which is planned for deployment in a near-polar orbit between 2027 and 2033. The scientific and power module (SPM), representing the first segment of the ROS, is scheduled for launch at the end of 2027. By 2030, additional components including the universal-node, gateway, and base modules are planned for launch, which together with the SPM will form the station's core infrastructure. The second phase of the station's deployment will involve expanding the facility by docking two target modules between 2031 and 2033. The deployment of Russia's orbital station is expected to begin after the scheduled deorbiting of the International Space Station by 2030. This transition comes after valuable joint space collaboration experience between Roscosmos and Nasa.
Reuters
25-02-2025
- Automotive
- Reuters
Renault's Russia buyback to cost at least $1.3 billion, says Russia's Avtovaz
Feb 25 (Reuters) - Should French carmaker Renault ( opens new tab wish to buy back its majority stake in Russia's top carmaker Avtovaz, it would have to pay at least 112.5 billion roubles ($1.3 billion) to cover investments made since selling for only one rouble in 2022, Avtovaz said. U.S. efforts to secure a quick deal to end the war in Ukraine have sparked speculation that Western companies could seek to return to Russia in the event a peace deal is signed and Avtovaz's position offers the first indication of how hard Russian firms might push their former Western partners in negotiations. Renault last week said it was "very unlikely" to return to Russia under the exit terms it agreed, including a six-year buyback clause, when selling its 67.6% stake in Avtovaz to the Russian state in May 2022 following Moscow's invasion of Ukraine. The deal also included Renault's Moscow plant, but that was sold without a buyback clause. At the time, then industry and trade minister Denis Manturov said the cost of returning would include investments made by Russia in the interim. "It is clear that these investments will have to somehow be refunded, so the entry price will not equal the exit price of one rouble," the TASS news agency cited Avtovaz CEO Maxim Sokolov as saying on Tuesday. Renault declined to comment on Avtovaz's comments. On the question of a return to Russia, its official position is: "We do not foresee any change for the short term." Renault allocated about 20-22 billion roubles annually for facilities renovation, Sokolov said, but Avtovaz raised this to over 27.5 billion roubles in 2023 and almost 40 billion roubles last year. Sokolov did not explain the sharp rise in investments, but Avtovaz has been increasing production. Following a sales slump in 2022, Avtovaz has seen steady growth in sales of its Lada cars and launched new models, now competing with Chinese carmakers that have seized market share. Avtovaz sold almost 460,000 Lada cars in 2024, an increase of 30.2% from the year before and more than double the nearly 190,000 sales in 2022 when sanctions and the exodus of foreign carmakers hit Russia's auto market hard. Sokolov did not specify whether the investment figures he named accounted for total investments or just Renault's hypothetical portion, but the overall figure serves to illustrate what other companies with buyback clauses might be up against. Hundreds of Western firms have exited Russia since February 2022. Some, such as Renault, McDonald's (MCD.N), opens new tab and Henkel ( opens new tab, agreed to buyback options when exiting. ($1 = 86.5955 roubles)
