{{dayPoint.date | date : 'd MMMM yyyy'}}

{{newsPoint.title}}

{{newsPoint.title+ ' '}}

{{newsPoint.subtitle}}

VTB to spend up to $54 mln for preparation of North-South project

"Further on, as the owner of the project, we will search for investors together with the state," CEO Andrey Kostin added

MOSCOW, November 8. /TASS/. VTB estimates its expenditures on preparation of the project on development of the North-South international transport corridor at 4-5 bln rubles ($43-54 mln), Chief Executive Officer of Russia’s second-biggest lender told reporters.

Earlier, a source in the bank’s press service told TASS that VTB had set up a company for preparing proposals on development of the North-South transport corridor.

"We have never said that we will invest in the project itself. We have undertaken <…> expenditures related to the project itself, how to do the project. It will cost around 4-5 bln rubles. This is what we will pay for making sure that the project itself will be done, founded, calculated with financial models. We undertake it. Further on, as the owner of the project, we will search for investors together with the state," Kostin explained.

VTB said earlier that it would undertake expenditures on developing the project for presenting it to Russian and international investors in the future.

Tags

Container shipments by Russian Railways add 9.4% in 4M 2024 — company

The increase was the highest in container traffic of lumber and chemical and mineral fertilizers

Press review: Russia flexes nuclear muscle and Israel signals imminent offensive in Gaza

Top stories from the Russian press on Tuesday, May 7th

Russia must save world from West's insanity — top security official

Nikolay Patrushev believes that Russia "resolutely and consistently defends its cultural sovereignty, history and Russian moral ideals that unite the multinational country"

West shows no will for peace, keeps pumping weapons, money into Kiev — French politician

The way leader of the French Patriots party Florian Philippot sees it, NATO’s sole aim is further escalation

Appeal for Western troops posted on Ukrainian president’s website

A petition needs to be signed by at least 25,000 people to be referred to the president for consideration

Four single-family houses damaged in Donetsk after Ukraine’s shelling attack

Head of the Donetsk People’s Republic Denis Pushilin said earlier that five civilians were wounded in Ukraine’s attacks in the republic during the day

Turkish expert says Putin's inauguration speech echoes what he said in Munich years ago

Aydin Sezer recalled that during the Munich Security Conference back in 2007 "Putin said that the unipolar world had no future and a multipolar world order was needed"

Tehran's talks with IAEA chief constructive, Iranian energy head says

Rafael Grossi said the AEOI and the IAEA decided to draw on the March 4, 2023 joint statement as a basis for further talks

Container shipments by Russian Railways add 9.4% in 4M 2024 — company

The increase was the highest in container traffic of lumber and chemical and mineral fertilizers

Macron denies death of French troops in Ukraine out of fear of protests — SVR head

According to Sergey Naryshkin, the French Army is "visibly concerned" over the growing number of French citizens killed in Ukraine

IN BRIEF: Unity, care for people, country-civilization: Putin’s inaugural speech

The atmosphere in society has changed, now "reliability, mutual responsibility, sincerity, decency, nobility and courage" are highly valued, the Russian leader stressed

Senior Russian diplomat, Libyan general discuss ensuring Libya’s sovereignty

"During a thorough exchange of views on the settlement of the military-political crisis in Libya, the focus was on the task of uniting all patriotic political and religious forces in the interests of ensuring the unity, territorial integrity and sovereignty of the Libyan state," the ministry said

Medvedev gives warning amid talk of deploying Western troops to Ukraine

According to the politician, the cause of the discussion on dispatching Western troops to Ukraine, launched by French President Emmanuel Macron, is a "shameless calculation for political bonus points"

Diplomats from friendly countries only invited to May 9 parade — Kremlin aide

The heads of structures of the CIS, the Union State of Russia and Belarus, the CSTO, the EAEU, the SCO, "heads of diplomatic missions of friendly states, as well as military attaches from friendly states" have been invited to attend, Yury Ushakov said

NATO wants 'hot war' with Russia which may destroy US, Carlson says

According to the journalist, everything that Washington does shows that it wants this war

Dutch MEP congratulates Putin on his inauguration

"Congratulations president Putin and congratulations people of Russia with your president," Marcel de Graaff from the Dutch party Forum for Democracy said

Gangs already control up to 90% of Haiti's capital — Russian embassy

The diplomatic mission said that police had so far been unable to deal with the rampant crime, "but law enforcement workers have been able to unblock the operation of the fuel terminal"

Medvedev warns Russia will pull no punches with France in response to Macron

The politician also wrote, "In hostem omina licita," a Latin phrase that can roughly be translated as "everything is legal if it is done to an enemy"

Euroclear fighting over 100 lawsuits in Russian courts against investors demanding refund

According to Euroclear's new chief executive Valerie Urbain, the likelihood that the depository will win these cases is quite low

Russian troops liberate two communities in Ukraine operation over past day — top brass

Russian air defense forces shot down a Ukrainian Su-27 fighter jet and 23 unmanned aerial vehicles over the past day

US accuses Russian Khoroshev of creating LockBit cyber-crime gang — Department of State

The Department of State has announced a $10 mln reward for information "leading to the arrest and/or conviction of Russian national Dmitry Yuryevich Khoroshev"

FACTBOX: Russian President Vladimir Putin’s biography

Since June 12, 2013, Putin has been the leader of the non-governmental movement All-Russia People’s Front, created at his initiative as a coalition of social and political forces

Top UK diplomat knows nothing of repentance, Lavrov says

David Cameron "reiterated his position that British weapons can be used by the Ukrainians to attack any target on Russian territory," the minister emphasized

Insolent western policy makes Russia hold tactical nukes drills — ambassador

"We do not threaten anyone. However, the strategists in Washington and their satellites have gone nuts but must understand that Russia will use all the means to protect its sovereignty and territorial integrity in response to the rising stakes," Anatoly Antonov said

Belarus to respond instantly to any military aggression, says Lukashenko

Alexander Lukashenko stressed that Belarus would not draw any lines

Russia working to bring senior Ukrainian officials before tribunal, diplomat says

According to Rodion Miroshnik, "the official process is underway with the Russian Interior Ministry beginning to determine those to be placed in the defendant pool"

US concocting latest counter-offensive narrative to justify aid to Kiev — DPR head

Denis Pushilin stressed that Ukraine would not be able to launch a new counteroffensive before 2025

Serbian government adopts several documents on cooperation with China

"These documents cover such spheres as infrastructure, agriculture, information and communications, as well as tourism," the government said

Russian government resigns

The cabinet will continue to carry out its duties until a new government is appointed

Russian tech firm ramps up production of glide bombs — CEO

Rostec is "building up the production of air bombs of all calibers and types," Sergey Chemezov said

Cuban president hails Putin’s taking presidential office for another term

"March election demonstrated a record-breaking voter turnout," Miguel Diaz-Canel said

Tactical nuclear weapons in Belarus intended for defense, says Lukashenko

The Belarusian leader stressed that the combat readiness inspection is solely of a defensive nature

US begins Astral Knight 2024 exercise in Europe involving 5,000 troops — Pentagon

The purpose of the exercise is to strengthen collective air and missile defense in Europe

New Russian combat equipment in 2024

FSB declassifies Hitler aide’s testimony how Red Army rescued Allies in Ardennes in 1945

Hitler's former adjutant Otto Guensche was captured during the battle of Berlin in April-May 1945 and, while being kept in custody in an investigative prison in Moscow, presented a firsthand account of what was happening at Hitler's headquarters in the last months of the war

US intensifying efforts to find replacement for Zelensky — SVR

It is reported that all those politicians may be sought-after were the situation on the front line to deteriorate sharply or if the need arises to replace Zelensky as soon as possible

Aleksandar Vucic greets Chinese leader at Belgrade Airport

The ceremony on the occasion of the visit of the 400-strong Chinese delegation will take place at Palata Srbije

Russia hands over last RD-180 rocket engines to US under existing deal

The United States has received 122 RD-180 rocket engines over more than 20 years of cooperation

Hamas confirms participation of its delegation in Cairo talks

"A Hamas delegation led by Khalil al-Hayya has arrived in Cairo from Doha to bring the talks on ending Israel’s aggression in Gaza to the logical end, together with the Egyptian and Qatari mediators," the radical group said

US envoy leaves Russia for certain amount of time — senior Russian diplomat

"The Foreign Ministry was told about this some time before the issue with inviting ambassadors to the inauguration ceremony of the Russian president was resolved," Sergey Ryabkov said

Putin may propose candidate for prime minister as early as today — spokesman

Dmitry Peskov recalled that after the inauguration, the Russian government resigned and the members of the Cabinet continued to work in the status of acting ministers

German envoy recalled from Moscow returns to Berlin — media

On Monday, the German Foreign Ministry said that Minister Annalena Baerbock had decided to recall Alexander Lambsdorff for consultations due to an alleged cyberattack by Russia against the Social Democratic Party of Germany and a number of German enterprises

Russia signals unfriendly countries by inviting ambassadors to inauguration — diplomat

"We assumed that some of them (ambassadors from unfriendly countries - TASS) would not come, which is what happened in the end," Sergey Ryabkov pointed out

Trump develops plan on peaceful resolution in Ukraine — Telegraph

Former US President will not reveal it until the election, the Daily Telegraph reported

Gazprom posts net loss under IFRS for 2023 amounting to $6.8 bln

The group’s EBITDA amounted to $19 bln in 2023 against $44.9 bln in the previous year

Russia values Qatar, Egypt’s mediatory efforts on Gaza — senior diplomat

According to Russian presidential envoy for the Middle East and African countries Mikhail Bogdanov, the Israeli government has not yet given its consent to these proposals

Belarus won’t succumb to provocations or go to war with anyone — president

The Belarusian leader Alexander Lukashenko doubts that any serious political force in Western Europe wants a military conflict

Putin wants number of foreign students in Russia to rise to 500,000 by 2030

According to the Russian Education and Science Ministry, more than 355,000 foreigners are currently studying in Russian universities

Russian embassy slams ‘unacceptable’ Berlin’s decision to ban Russian flag on May 8-9

"We consider the bans discriminatory and contrary to the spirit of post-war historical reconciliation of the peoples of Russia and Germany," the Russian diplomats pointed out

US sees no signs indicating Russia’s plans to use nuclear weapons — Pentagon

Department of Defense spokesperson Sabrina Singh said that the United States views the decision to hold a military exercise of this kind as "deeply irresponsible"

British envoy reiterates London’s course on aiding Kiev will continue — Foreign Office

British Ambassador to Russia Nigel Casey was warned that any British military facilities and vehicles on Ukrainian territory and beyond may become targets in response to Ukrainian strikes, carried out via British-made weapons

Russia to join ranks of top four global economies — presidential decree

The government is tasked to present eleven new National Projects by September 1 of this year

France not at war with Russia — Macron

"We are also not seeking a change of power in Russia," the French leader underscored

Stay in custody extended for Russian held over suspected spy activities in Estonia

According to the portal of ERR, "the investigation into the criminal case against Morozov is currently ongoing

Russia's opponents tried to destroy it from within, but failed — Putin

The President stressed that the result of anti-Russian sanctions turned out to be "exactly the opposite of what was expected"

What we know about Israel’s military operation in Gaza’s Rafah

The Israeli army announced that it had "eliminated about 20 terrorists" of Hamas since the launch of the operation

Russia wants no country to interfere in its election process — Kremlin spokesman

"We elect out parliament. We elect our president. We vote for the president or don’t want to vote for the president. And we insist that we have the right to do it the way we want to do it," Dmitry Peskov emphasized

Ukrainian army last weekend tried to regain positions near LPR's Svatovo — expert

Andrey Marochko noted that on Easter Ukrainian troops opened fire on the territory of the LPR and positions of Russian troops

French Foreign Ministry denies France sent troops to Ukraine

Earlier, media reports said that France had sent 1,500 troops to Ukraine, citing a statement by former US Deputy Under Secretary of Defense Stephen Bryen

Putin says Russia had to use force to defend people in Donbass as peaceful means failed

"A little later it became clear that we were simply being led around by the nose, and we had to take extraordinary measures to protect these people with military force," the Russian leader said

Russian sniper reports elimination of Ukrainian serviceman wearing helmet with SS emblem

He specified that his group took the helmet as proof of the elimination

Putin directs to scale up revenues of small technology companies

The share of domestic high-technology goods and services created on own development lines is set to grow by 1.5 times in the total volume of their consumption in the country by 2030 against the level in 2023

Putin instructs government to adjust existing national projects, develop 11 new ones

The State Council and the Presidential Council for Strategic Development will also participate in the work on national projects

Putin formally takes office as Russian president for six-year term

After being sworn in, the head of state delivered a speech

Sweden approves Quran-burning rally ahead of Eurovision Song Contest

In Malmo, two pro-Palestinian demonstrations are planned for May 9 and 11

Putin’s inauguration kicks off in Kremlin

The main event will be held at the Grand Kremlin Palace but parts of it will take place outside at Cathedral Square where the Kremlin Presidential Regiment will march following the ceremony

SBU claims it prevented plot to kill Ukrainian president

The SBU reported that two colonels from Ukraine’s state security administration had been arrested for purportedly handing over classified information necessary to carry out assassinations

Macron’s aggressive rhetoric baffles even his allies — diplomat

"Very often France’s allies from the UK and Germany, as we understand, try to get clarifications as to what the French leadership means, without getting a direct answer," Maria Zakharova pointed out

Advertising campaign launched in Ukraine to enroll volunteers into army

Ukrainians are expected to more actively sign up for "more prestigious and possibly better equipped units"

Putin’s schedule of foreign travels almost finalized — Presidential Aide Ushakov

It is noted that this schedule primarily concerns "major summits"

Emergency Ministry employee detained in Kherson Region over collaboration with Ukraine

According to the investigators, he kept improvised explosive devices for sabotage operation

Australian Navy’s destroyer, helicopter impede Chinese drills in Yellow Sea — top brass

The Australian side "calls black white and lays the blame on someone else" in its comment on the incident, Zhang Xiaogang noted

Russia-Europe relations require fresh approach — Kremlin

Russia and Europe are geographically close anyway, Dmitry Peskov noted

Putin will now use restyled Aurus car — Kremlin

Putin made the first trip on the Aurus exactly six years ago, on May 7, 2018, when he also departed to the inauguration

Bolivian president wishes Putin success on path toward new world order

Luis Arce congratulated Vladimir Putin, who today took office as President of Russia for the fifth time

Israel's operation in Rafah leading to humanitarian disaster — MFA

According to Mikhail Bogdanov, more than 1.5 million people have amassed in the south of the Gaza Strip, in the Rafah area

Russia may strike Britain's military facilities if London's threats materialize — MFA

Maria Zakharova described British Foreign Secretary David Cameron’s remark that London considered it legitimate for the Kiev regime to use British weapons for strikes on Russian territory as "something absolutely insane"

Apple unveils new iPad, stylus

In particular, the new iPad Air was presented with 11" and 13" diagonal

Belarusian forces to rehearse tactical nuclear strikes as part of snap readiness test

An Iskander missile system battalion and a squadron of Su-25 airplanes are being brought to readiness to perform planned missions

West plotted aggression against Russia on eve of special military operation — top brass

"History repeats itself," Chief of the Russian General Staff’s Main Intelligence Department, Deputy Chief of the General Staff, Hero of Russia Admiral Kostyukov said

Hamburg branch of AfG seeks to expel party member over trip to Russia as election observer

Olga Petersen had earlier been kicked out AfG’s parliamentary group

Expert on inaugural speech: Putin proposes equal dialogue, West will hear these signals

It is stressed that Vladimir Putin proposes a certain general model, a certain general solution to the security system

US-led coalition’s aircraft violate Syrian airspace eight times in past day

Apart from that, two shelling attacks on positions of Syrian government troops by militants of the Jabhat al-Nusra and Islamic Party of Turkestan groups (both outlawed in Russia) were reported in the Idlib de-escalation zone

Politician reveals Zelensky, CIA boss eyed assassination plot against Wagner PMC chief

US National Security Council Coordinator for Strategic Communications John Kirby on January 20 said the US would designate the Wagner company as a "transnational criminal organization" and would soon impose more sanctions on the entity

Press review: China to weather US storm and ATACMS not 'wonder weapons'

Top stories from the Russian press on Saturday, April 27th

Russian Foreign Ministry tells French ambassador Paris’ policies destructive

Pierre Levy was told that the French authorities' attempts to create some kind of "strategic uncertainty" for Russia with their "irresponsible statements about the possible dispatch of Western military contingents to Ukraine are doomed to fail"

Russian Interior Ministry declares ex-Ukrainian army chief wanted

Ruslan Khomchak served as commander-in-chief of the Ukrainian armed forces from March 27, 2020 to July 27, 2021

Talking about sending troops to Ukraine Macron diverts public attention — Donetsk leader

Denis Pushilin highlighted that France needs to restore order, to deal with the sentiments, protests, changes that are now taking place in France itself

Claims about Russia’s plans to attack NATO a lie, US intelligence ex-officer says

According to Rebekah Koffler, US intelligence agencies regularly leak classified information to certain media, if it benefits the American political establishment

After drone attack on Kremlin Russia has no choice but to eliminate Zelensky — Medvedev

Ukrainian President Vladimir Zelensky, according to Dmitry Medvedev, "is not even needed for signing an instrument of unconditional surrender"

Russian forces destroy Ukrainian missile solid propellant workshop over past day

Russian troops gained better positions in the south Donetsk area over the past day, the ministry reported

Xi Jinping arrives in Serbia on his first visit in eight years

Chinese President began his visit on the day marking the anniversary of the bombing of the Chinese embassy in Belgrade by NATO aircraft

Russian lawmaker sees 'scare effect' in West as Russia prepares for nuclear drills

Vladimir Chizhov insisted that the drills do not mean "the Russian side is ready or intends to use these weapons immediately"

Israel strikes back on Hezbollah targets in southern Lebanon

Light damage was caused and no injuries were reported

UK ambassador leaves Russian MFA after being summoned

The diplomat, who spent more than 30 minutes at the ministry, provided no comment as he was leaving

Southern neighbors of US to regain stolen lands — Russian Security Council’s secretary

Nikolay Patrushev speculates that country may split into the North and the South again to get back to its original shape

Putin signs decree setting Russia’s development goals for 2030

The decree is titled On the National Development Goals of the Russian Federation until 2030 and for a Longer Term until 2036

Aurus Merlon electric motorcycle available for pre-order — acting Deputy PM

The Aurus Merlon made its public debut at the inauguration of the Russian President

Russia looking into reports about sending of French troops to Ukraine — Kremlin

Earlier, media reports said that France had sent 1,500 troops in support of Ukrainian forces in Slavyansk, citing a statement by Stephen Bryen, a former US Deputy Under Secretary of Defense

Detention of US soldier in Russia’s Vladivostok has no relation to espionage — diplomats

Russian Foreign Ministry’s mission in Vladivostok that "not following the case of the US citizen closely"

Russia to become technologically independent in key areas — decree

The head of state set the task to increase the level of the gross added value in real terms and the production index in the processing segment of the industry by at least 40% by 2030, compared to the level in 2022