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Economy of Saint Petersburg


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Saint Petersburg is a major trade gateway, financial and industrial centre of Russia specialising in oil and gas trade, shipbuilding yards, aerospace industry, radio and electronics, software and computers; machine building, heavy machinery and transport, including tanks and other  military equipment, mining, instrument  manufacture, ferrous and nonferrous metallurgy (production of aluminium alloys), chemicals, pharmaceuticals, medical equipment, publishing and printing, food and catering, wholesale and retail, textile and apparel industries, and many other businesses. It was also home to Lessner, one of Russia's two pioneering automobile manufacturers (along with Russo-Baltic), Lessner; founded by machine tool and boiler maker G. A. Lessner in 1904, with designs by Boris Loutsky, it survived until 1910.

The Saint Petersburg docks at dawn

10% of the world's power turbines are made there at the LMZ, which built over two thousand turbines for power plants across the world. Major local industries are Admiralty Shipyard, Baltic Shipyard, LOMO, Kirov Plant, Elektrosila, Izhorskiye Zavody; also registered in Saint Petersburg are Sovkomflot, Petersburg Fuel Company and SIBUR among other major Russian and international companies.

Saint Petersburg has three large cargo seaports: Bolshoi Port Saint Petersburg, Kronstadt, and Lomonosov. International cruise liners have been served at the passenger port at Morskoy Vokzal on the south-west of Vasilyevsky Island. In 2008 the first two berths were opened at the New Passenger Port on the west of the island. The new port is part of the city's "Marine Facade" development project and is due to have seven berths in operation by 2010.

A complex system of riverports on both banks of the Neva river are interconnected with the system of seaports, thus making Saint Petersburg the main link between the Baltic sea and the rest of Russia through the Volga-Baltic Waterway.

The Saint Petersburg Mint
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