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RUSSIA'S ECONOMY

Finance Ministry estimates Russia’s GDP drop in 2015 at 3%

The Bank of Russia estimates GDP drop at 3.5-4%

© Artyom Geodakyan/TASS

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OPEC lowers Russia’s 2015 GDP decline forecast

MOSCOW, March 19. /TASS/. Russian Finance Ministry estimates the country’s GDP drop at the level of around 3%, Finance Minister Anton Siluanov said Thursday.

"How long will the situation with the economic recession last? We estimate the drop in the annual rate of economic growth at around 3%. In our view, investment demand is the only possible source of recovery," he said.

In its updated forecast, the Bank of Russia estimates GDP drop at 3.5-4%.

Russian ministers optimistic on inflation forecast

Annual inflation in Russia is at its peak, nevertheless by the end of 2015 - beginning of 2016 it will become single-digit, said Alexey Ulyukayev, Russia's Economic Development Minister.

"Together with our colleagues from the Central Bank we believe, that we have reached the annual inflation peak. By the end of 2015 - beginning of 2016 the inflation is highly expected to become single-digit. This gives the Cental Bank ground to continue reducing the key rate," he said.

Russian Finance Minister anton Siluanov is also optimistic. "We have good reasons to reach the planned inflation of 12.2% this year and even lower than that," the minister said, adding that it’s possible to reach inflation at the level of 11-12% in 2015 since of the current annual inflation rate of 16.7%, 11 percentage points are one-time factors.

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Anton Siluanov GDP

Russian Economy Ministry expects trade balance surplus to decline

Exports of goods are expected to drop to $419.7 bln this year. Imports are forecast to grow to $315.7 bln in 2024

Istanbul accords could have stopped hostilities in Ukraine — German newspaper

The deal still looks advantageous even after two years of war, Welt am Sonntag said

Erdogan’s May 9 visit to US postponed to more convenient date — Foreign Ministry

"The high-level dialogue between Turkey and the US will continue," the spokesman Oncu Keceli said

Russia, India plan to launch ‘green corridor’ project in trade shortly

The sides supported the early launch of the green corridor project aimed at the simplification of customs operations

Moscow reports 1,773 daily coronavirus hospitalizations

The capital city has the highest number of coronavirus cases nationwide, according to official statistics

Israel eliminates one of al-Jamaa al-Islamiya commanders in Lebanon — IDF

The strike was conducted by Israel Air Force’s aircraft in the area of Meidoun in Lebanon

Russia supports Bolivia’s aim to join BRICS — Lavrov

The foreign minister noted that Russia is interested in "the maximum possible number of countries that want to be closer to BRICS to become either members or have sustainable and standing partner relations established"

Venezuela interested in Russia's participation in gold mining — official

"We want Russia to participate in exploration and mining of gold and coltan in the country," Venezuelan Minister of Industries and National Production Tarek El Aissami said

Potential nuclear facilities in Poland to be military target for Russia — senior diplomat

According to Sergey Ryabkov, discussions around the deployment of NATO nuclear facilities in Poland are an "unfolding story"

Press review: Belarus' new national security strategy and Russia, US butt heads at UN

Top stories from the Russian press on Friday, April 26th

Russia's response to seizure of frozen assets in US to have no timeframe — chief delegate

Konstantin Gavrilov emphasized that the US will have to be brought to account for this decision

Hungary sees Ukraine conflict entering new phase, NATO involvement rising

According to the minister Gergely Gulyas, the North Atlantic Alliance "wants to provide financial assistance, as well as supply weapons and train Ukrainian soldiers"

Russia’s natural population decline shrinks by 24% yoy in January-August — statistics

The Federal Statistics Service noted that mortality in the eight months of 2023 decreased by 9.8%, and the birth rate dropped by 2.5%

International cooperation needed to investigate Nord Stream incidents — Russian diplomat

According to Nebenzya, the real goal of the West, which is seeking to persuade the world of the futility of international efforts, is "to keep on telling the tale of lost time" as long as possible in a hope that "international community will forget about this terrorist attack"

Russian defense chief points to West’s double standards on right to self-defense

In this regard, Sergey Shoigu mentioned the operation that Tehran carried out "in retaliation for a blatant attack on the Iranian consulate building in Damascus"

Kiev may use ATACMS missiles to hit Crimean Bridge — Russian defense ministry official

Russian military will do its utmost to repel such attacks, Apty Alaudinov said

Cooperation of Serbia, Russia in military-technical sphere at highest level — president

Earlier, Aleksandar Vucic expressed his admiration for Russian technology several times

Iran announces establishment of Basij voluntary naval force

According to the commander, the unit has already recruited 55,000 members and has 33,000 small vessels that are equipped with 107mm missiles

Staff shortage cannot be covered by labor migration — Putin

Labor productivity requires a significant increase in all sectors of the economy, the President stressed

Ukraine’s army leaves first defensive line in Berdychi near Avdeyevka, says DPR

The Ukrainian military has suffered heavy casualties among personnel and military hardware in that community, Igor Kimakovsky said

US-oriented structures try to reformat security system in Asia-Pacific region

Russian Defense Minister Sergey Shoigu underlined that this is being done by strengthening "military-political structures such as QUAD, AUKUS and the US-Japan-Philippines triad"

Scholz asks allies to find additional air defense capabilities for Ukraine

Germany is the second largest arms supplier to Ukraine after the US

Global community changing tune about how Ukraine conflict started — security official

According to Nikolay Patrushev, these countries "understand perfectly well who is financing" the Kiev regime

Russia appreciates Bolivia’s push to defend sovereignty, Lavrov says

The Russian foreign minister said that the sides would exchange opinions on how to develop bilateral relations along the path outlined by Bolivian President Luis Arce and Russian President Vladimir Putin

Alrosa may leave Catoca project in Angola — Finance Ministry

Alrosa is working in Angola since 1992

Bolivarian Alliance countries stand for multipolar world — Maduro

"ALBA can be among the founders of a new world, a new international multipolar order," the Venezuelan president stressed

Russia ready to cooperate with all interested partners to ensure security — Putin

The Russian leader expressed confidence that the the 12th International Meeting of High Representatives for Security Issues "will bolster cooperation for the mutual benefit of our countries and peoples"

IAEA chief to have working contacts with Rosatom, no meeting with Putin is planned

Rafael Grossi may visit Russia in late May

French neo-Nazi ringleader liquidated near Avdeyevka — sources

There is confirmed evidence of his connections with French secret services

Pelosi's remarks about US protesters undemocratic, Russian diplomat says

On April 25, US police said at least 127 people were arrested during large-scale protests on American university campuses against Israeli actions in the Palestinian enclave

One more suspect in Crocus City Hall terror attack arrested — police

The detention was reported earlier by the media, which said that police had captured Tajik national Djumokhon Kurbonov

Bank of Russia ready to keep high key rate as long as needed to bring inflation to target

As Elvira Nabiullina stressed, the decisions taken last year to increase the key rate made it possible to significantly reduce persistent inflationary pressure

EU remains unreliable partner for Russia for now — Lavrov

Moscow hopes that Brussels will pay attention to its vital interests in the end, Russia's top diplomat said

Hamas fighters have destroyed more than 400 Israeli vehicles — group’s senior member

Abu Ubaida, a spokesman for the Izz ad-Din al-Qassam Brigades, the military wing of Hamas, said the brigades had completely or partially destroyed 135 units of Israeli military equipment over the past three days

About 70% of businesses indicate staff shortage — Bank of Russia

The labor market is also affected by other long-term trends, particularly the demography and the labor productivity lagging behind the rise in salaries, Elvira Nabiullina noted

Russian diplomat accuses US of facilitating chemical warfare in Ukraine

According to Russian Permanent Representative to the OPCW Vladimir Tarabrin, Russian troops have repeatedly recorded incidents where the Ukrainian army’s used chemical weapons, including riot control agents as means of warfare

Press review: US tries to strong-arm China and Zelensky's bid to bring men home

Top stories from the Russian press on Thursday, April 25th

Russia warns US, NATO against harming its security — diplomat

Maria Zakharova stressed that "the level of nuclear risks have risen dramatically as a result of the West’s destructive policy, which is fraught with a direct military confrontation between nuclear powers"

Musk concurs that civil war looming in West

The US businessman commented on remarks by Gad Saad, a Canadian professor of Lebanese origin, who insisted that "the path that the West is taking will result in civil war"

Russian Economy Ministry expects trade balance surplus to decline

Exports of goods are expected to drop to $419.7 bln this year. Imports are forecast to grow to $315.7 bln in 2024

Swiss conference on Ukraine undermines European security — Russian diplomat

In Maxim Buyakevich words, neither the talks nor their outcome can change the existing political and territorial realities

Lithuania’s prime minister warns US may curtail aid to Ukraine

Ingrida Simonyte called for getting ready for such a turn of events right away, and not just watch and wait

Putin calls impending formation of new cabinet ‘crucial step’

The Russian leader pointed out that it is important to ensure stability and transparency in the Russian socio-political system

Insurers refuse to pay compensation for Nord Stream — Russian envoy to UN

Vasily Nebenzya stressed that insurers conclude on their own that the "explosion at the gas pipelines was made using an explosive devices, willfully and due to political motives," thereby confirming its terroristic nature

Charles III to return to public duties soon — Buckingham Palace

The king, 75, and queen will host their majesties the emperor and empress of Japan for a state visit in June, according to the palace

Russia fights West’s sanctions at UN for the sake of developing countries — envoy to UN

According to the diplomat, Russia is engaged in "fierce battles on this issue in different committees of the General Assembly"

Erdogan moves back from May 9 his trip to US — report

The report hasn’t been officially confirmed

Russia vetoes US-backed UNSC resolution on banning nuclear weapons in outer space

The resolution gained 13 votes

UNSC rejects amendment by Russia, China to resolution on nuclear weapons in outer space

The amendment gained seven votes from countries including Russia and China

Russian defense minister dismisses his deputy Ivanov

Timur Ivanov was removed from the office of deputy defense minister of the Russian Federation of the federal government’s civil service

Over 3,100 foreign mercenaries fight for Ukraine, most of them from US

The Russian Investigative Committee added that measures are underway to locate their whereabouts and bring them to criminal liability

Negative trends still on rise in US-China relations — top Chinese diplomat

The United States should not cross the red lines with regard to China’s sovereignty and security, Wang Yi added

West reluctant to punish those responsible for Nord Stream blasts — Russian diplomat

According to Vasily Nebenzya, the situation is as though a year-long probe into a murder yielded a conclusion that "the victim was murdered"

Singapore Airlines resumes flights to Moscow starting from January 20

Flights will be carried out on Wednesdays, Fridays and Sundays

TotalEnergies expects gas price hike if Russian LNG falls under sanctions

Patrick Pouyanne expressed confidence that the European leaders understood that security of gas supplies depended on LNG and would not like to see a price crisis in Europe again until 2027

SCO expects Belarus to join the organization very soon — Shoigu

The Russian defense chief is certain that "this is an important moment in strengthening security in the SCO space"

Kiev's attacks on ZNPP may trigger another Chernobyl — Zaporozhye governor

Tensions in the area of the Zaporozhye nuclear power plant and in Energodar, where the nuclear power plant is located, escalated at the beginning of the month

Better situation for peace in Ukraine, threats to Belarus: new statements by Lukashenko

The head of state accused Washington of preparing a "Belarusian liberation army" and reiterated Minsk's readiness to "defend its country"

US can send Ukraine Patriot air defense systems currently deployed in other regions

US National Security Advisor Jake Sullivan added that the his country had doubled artillery production in order to help Kiev

Russian aerospace forces hit two terrorists base in Syria’s Homs governorate

Yury Popov, deputy chief of the Russian Center for Reconciliation of the Opposing Parties in Syria, also said that one shelling attack on the positions of government forces was reported in the Idlid de-escalation zone from positions of the Jabhat al-Nusra

US nukes in Poland to become target for Russia should confrontation with NATO occur — MFA

"The impression is that Warsaw is maniacally seeking to attract even more attention from military planners in the Russian General Staff," Maria Zakharova added

Russian troops destroy 89 Ukrainian UAVs, 5 boats in Kherson area over past day

"Battlegroup Dnepr units conducted active counterbattery warfare and destroyed enemy drones, manpower and equipment on the right bank of the Dnieper River," Governor Vladimir Saldo said

Russia may abolish gold export duty from June 1 — Finance Ministry

The law, introducing an extra coefficient to the mineral extraction tax for gold totaling 78,000 rubles ($848.8) per kilogram, will become effective at the same day

Russia grateful to DPRK for unconditional support of special operation in Ukraine — MFA

Ivan Zhelokhovtsev said that the agreements that were reached during the DPRK leader's visit to Russia represent "evidence of the mutual desire of the sides to consistently implement and expand the rich heritage" that was passed down from previous generations

US stops hiding true purpose of sanctions on Moscow, Russian envoy says

"It’s not about any mythical aspirations to resolve the conflict in Ukraine, but about banal opportunistic and predatory ambitions," Anatoly Antonov said

Russian gas production to gain 4.6% in 2024 — Economy Ministry

Pipeline gas exports are forecast to edge up by 7% to 108 bln cubic meters

Ship receives damage in missile attack off Yemeni coast — UKMTO

The Master has reported two attacks

Russia to hold next international security meeting in 2025 — top security official

The date and location will be announced later

Press review: NATO flexes muscles near Russian border and South China Sea runs hot

Top stories from the Russian press on Wednesday, April 24th

Over 10,000 Polish nationals fought in Ukraine in 2022, politician says

According to Vladimir Rogov, expected changes in Poland’s legislation may highlight the country’s interests in Ukraine and its possible territorial claims to parts of western Ukraine

Russian troops wipe out military train with Western armaments in DPR over past day

Russian troops improved their tactical position and repelled eight Ukrainian army counterattacks in the Avdeyevka area over the past day, the Defense Ministry reported

Polish leader cautions NATO allies against provoking Russia

Andrzej Duda slammed the reported instances of Russian missiles entering Poland's airspace as "a Russian provocation"

US effectively dooms Ukraine by its new decisions, Russian envoy says

"The American aid won’t save Zelensky. New weapons will be destroyed, and the special military operation goals will be achieved," Anatoly Antonov stressed

Putin proclaims Odessa Russian city, challenges Ukraine's historical narrative

At the same time, the president noted that once upon a time "Vladimir Lenin gave away the whole of Ukraine when he created the Soviet Union"

About 20% of weapons sent to Kiev end up on black market – Russia’s UN mission

Dmitry Polyansky said that some of the weapons supplied to Kiev are "in the darknet, which means that it is available to anyone"

Miguel Salgado’s ‘Shame’ wins main prize at Moscow International Film Festival

The film is focused on two teenagers Pedro and Lucio, who are forced to fight each other to the death in order to survive after being abducted

Kremlin spokesman describes European Parliament as 'Russophobic machine'

Dmitry Peskov added that the EP "has turned into a machine brimming with internal contradictions that keeps generating boorish statements"

Over 60% of Russian companies continue using Microsoft services

57% of companies replaced at least one foreign service with a Russian one over the past few years, the analysts noted

Terrorist attacks occur in Iran, Russia due to US support for terrorism — Iran’s top brass

According to the news agency Tasnim, when speaking about NATO eastward expansion, Mohammad Reza Ashtiani emphasized that the Shanghai Cooperation Organization member states should utilize the SCO potential in order to neutralize common threats

China, US free to have their own friends, partners — President Xi

Beijing sticks to the principle of non-alignment with any blocs, the Chinese leader said and called on Washington "to refrain from teaming up in small groups"

Medvedev warns that Russia’s default may entail Europe’s default

Deputy Chairman of the Russian Security Council added that the European Union’s financial system is not very stable and people are losing confidence

Network of international conspirators plotted Crocus terrorist attack — watchdog

Yury Chikhanchin pointed out that the perpetrators of the attack were provided with money, weapons, transportation and ammunition

Putin’s trip to China will rivet world’s attention, Kremlin spokesman predicts

The countries will jointly announce the time of this trip, Dmitry Peskov said

Ukraine had to negotiate agreements with Russia with ‘three masters’ — Russian envoy

"It is very difficult to negotiate with those who are unable to make decisions, even if they want, they can’t, and only act as a side to a difficult conflict," Vladimir Medinsky explained

Shoigu talks about ties with NATO, attacks on Zaporozhye NPP as he attends SCO meeting

TASS has put together the highlights of Shoigu's speech

Chances of Baku-Yerevan conflict settlement higher than ever, Scholz says

The German chancellor emphasized that Berlin's "offer to lend support in finding a long-term and acceptable solution remains valid"

Ukraine turns into testing ground for future world order, says Belarus president

"The largest nuclear powers, albeit indirectly, are actually fighting on Ukrainian territory. And not indirectly," the president of Belarus noted

Moscow slams NATO drills near Russian borders as inflammatory

"It is obvious that the upcoming combat training on the territory of Finland is part of a hybrid war against our country," Maria Zakharova said

Bank of Russia does not rule out keeping key rate at current levels until year's end

The Bank of Russia also does not rule out raising the estimate of the neutral key rate in the near future

West bends sanctions rules when it suits them — Kremlin

Dmitry Peskov noted that, "according to some parameters, companies in Europe and other regions can hardly maintain their competitiveness if they completely abandon our products"

Abrams tanks easy targets for drones — Russian expert

According to Dmitry Kuzyakin, "as long as there is a lack of direct communication between those who make the tanks and who use them, the Abrams will not evolve to meet modern warfare requirements"

TotalEnergies to announce force majeure for Yamal LNG in case of EU sanctions

The company has two contracts for LNG supplies to Europe from the Yamal LNG project and one for Asia that requires closer consideration, CEO of the French energy company Patrick Pouyanne said

Annual inflation in Russia gearing down to 7.82% over week — Economy Ministry

"Inflation in the consumer market slowed down to 0.08% over the week from April 16 to 22, 2024," the ministry informed

US’ Blinken to visit Israel amid rising tensions between two countries — NYT

Israel’s military upcoming operation in Rafah will also be on agenda, the New York Times reported

Space station’s orbit raised by 1 km — Roscosmos

According to preliminary information, the average altitude of the orbital outpost was increased to 414.8 km above the Earth’s surface

EAEU trade turnover reaches record high level of $8.7 bln in 2023 — Russian Prime Minister

The trade turnover between Russia and Belarus reached 4 trillion rubles ($43.8 bln)

Blinken’s visit to China meant to shatter Russian-Chinese ties — senior Russian diplomat

"I think that Beijing understands this perfectly well and will not even pretend being ready to reach any agreements with the Americans to the detriment of Russia’s interests," Sergey Ryabkov said

NATO bears direct responsibility for Ukraine crisis — Chinese Foreign Ministry

Spokesman Wang Wenbin stressed that China was not providing weapons to the conflicting parties and strictly controlled dual-use goods, including the export of drones

Israel ready to accept release of fewer than 40 hostages in deal’s first phase — newspaper

According to the report, Israel is willing to acceprt the release of women, men over 50 years old and those seriously ill

UN bound to stay as unique world organization — Russian ambassador

"If the UN did not exist, it should have been created," Vasily Nebenzya said

Putin’s inauguration to take place on May 7, senator says

According to the law, the president-elect takes office for six years