Contents tagged with Rostec

  • Siemens signs new contract with Russian company that previously delivered its turbines to Crimea

    A subsidiary of the German company Siemens confirmed a new joint venture with the Russian state corporation Rostec, who had previously deceived Siemens with the illegal supply of its gas turbines to the Crimea in violation of contract. This was reported on January 11 by the Russian state news agency TASS.

    Inna Domoratskaya, the Press Secretary of the Russian company Siemens Healthcare, a division of Siemens Healthcare GmbH, told the agency that this subsidiary of Siemens is ready to provide …

  • Putin warns Rostec state-owned conglomerate against uncontrolled extension

    Russian President Vladimir Putin warned the state corporation Rostec from endless and uncontrolled growth, Interfax reports.

    "You cannot expand endlessly, without any control, and you need to understand exactly what the corporation is created for, where it should move, and in what parameters it should function, so that its work is optimal, effective, and competitive," Putin said, speaking at Rostec’s 10 year anniversary celebration.

    The state corporation includes more than 700 enterprises, …

  • Court hearing of Siemens turbine case to commence on October 20th in Moscow

    The Moscow Arbitration Court scheduled a preliminary meeting on October 20th to review the suit brought by the joint venture of Siemens and OJSC Power Machines – Siemens Gas Turbine Technologies LLC (SGTT) – against two Russian enterprises, the Rostec state corporation and Technopromexport JSC, as stated in the court documents. 

    The press service of Siemens in Russia has not yet commented on the content of the claim against Rostec.

    Earlier, Siemens itself filed a lawsuit against …

  • Head of Rostec: Despite sanctions against Russia, Americans buy Kalashnikov assault rifles

    The U.S. continues to buy Russian Kalashnikov assault rifles despite sanctions against the Russian Federation, said Sergey Chemezov, head of Rostec State Corporation.

    "Practically all countries buy [these weapons]. Even the Americans, while they do not buy directly, but nevertheless, they are happy to acquire these weapons for the Armed Forces based in Afghanistan," Chemezov said during the program "V Rabochiy Polden” (In the Working Noon) on Russia 24 TV channel.

    According to Chemezov, the U. …

  • Head of Rostec: U.S. had to lift sanctions from Russia to purchase spare parts for Mi-17 helicopters

    Sergey Chemezov, the General Director of the state corporation Rostec, claimed that the sanctions imposed by the United States on the purchase of Russian weapons do not seriously affect Rosoboronexport's sales volumes.

    “We had practically no direct cooperation with the United States. Except for the helicopters that we supplied for the needs of the army of Afghanistan. About 50 Mi-17 transport helicopters were manufactured and delivered. Today, all that’s left is the task of how to repair them, …

  • Rostec: Russia has weapons to defend against the new US micro-drone swarm

    On March 12th Interfax.ru reported that the CEO of the State Corporation Rostec, Sergey Chemezov, said that Russia has weapons to use against the swarm of tiny drones recently demonstrated in the US.

    "The JSC company, Radio-Electronic Technologies, has created a system of electronic warfare which renders the control systems of these drones useless." The installed radio electronic equipment burns down and the drone becomes just a piece of metal," he said in an interview with Vesti Nedeli, which …