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

{{newsPoint.title}}

{{newsPoint.title+ ' '}}

{{newsPoint.subtitle}}

RUSSIA'S ECONOMY

Russia markets end Monday session with decline of 1.75% for MICEX, 4.94% for RTS

The Russian exchange market and the ruble showed a sharp decline on Monday amid falling oil prices

© ITAR-TASS/Alexey Filippov

MOSCOW, August 24. /TASS/. The Russia markets ended the session on Monday with a decline of 1.75% for the MICEX index to 1634.14 and of 4.94% for RTS index to 724.73.

During the session the RTS index neared 700 falling by 7.1$ to the minimum level first time since December 2014.

The Russian exchange market and the ruble showed a sharp decline on Monday amid the collapse in oil price.

On Monday, the price of futures contract for Brent crude oil with the delivery in October fell by 5.5% to $42.96 per barrel.

Read also

Brent crude oil drops below $ 43, RTS index down by 7%

The price of Brent crude oil fell below $45, 44 and 43 per barrel, reaching to the lowest level since 2009.

Amid this background the dollar jumped by 2.54 rubles to 71.64 rubles, exceeding 71 rubles for the first time since January 30. The euro reached a new maximum soaring by 4.98 rubles to 83.61 rubles.

According to Mikhail Krylov, head of the analytical department at Golden Hills-AM Capital, the long period of low oil prices poses risks for Russia’s budget.

"Most of the projects in the priority areas will rise in price, while part of public spending may have to be given up, which will lead to a stronger economic slowdown. During the day we expect the fall of the MICEX index to 1600 points and the RTS index to 700 points," he said.

In addition, foreign markets also had a strong impact on the Russian stock market.

On Monday, the Shanghai Stock Exchange Composite Index fell by 8.49% to 3209.91 points, triggering a rapid reduction of the major stock indices in the US at the opening of the session on the New York Stock Exchange.

Dow Jones (main indicator of business activity in the US) fell by 6.01 % to 15,470.34 points in the first minute of the trading session, but then the decline slowed down.

Read also

Russia will soon suspend spending of funds from National Wealth Fund — Kremlin aide

S&P 500, which includes 500 of the largest companies of the US market fell nearly 100 points, or 5.02 % to 1872.72 points.

Electronic exchange NASDAQ Index fell by 7.7 % ending at 4343.86 points.

In addition, the European Stoxx 600 stock index fell 5.3 % which is the maximum value since 2008.

Shamil Kuramshin, an investment analyst with Freedom Finance, attributes the negative trend on the US market to the lack of a clear growth driver: weak Chinese macroeconomic data, a general devaluation in developing countries, the decline in oil prices and a possible increase in Federal funds rate led to the sell-off on the global markets, including Europe.

"We expect S&P 500 to close at 1870-1890 points today. But the next week we expect growth, which usually happens after such a precipitous fall," the expert said.

Accoridng to the results of Monday’s trading on the Moscow Exchange, the top gainers are the shares Uralkali fertilizer producer (+ 3.6%) preference shares of Transneft (+2.2%) and the shares of VSMPO-Avisma (+1.6%). The leaders in falling are the shares of TGC-1 (territorial generating company) (-6%) preference shares of Mechel metal company (-5.4 %) and common shares of the Raspadskaya mine (-5.3%).

Dollar unchanged, euro slides to 99.6 rubles on Moscow exchange

The yuan rate declined to 12.854 rubles

Nord Stream AG's refusal to pay compensation destroys Western insurance system — diplomat

"The West is not only taking state assets and private property, but also threatening to destroy the major civilian infrastructure facilities, which were built with investments and then miraculously blown up, and they have now threatened insurance," Maria Zakharova said

US blackmails other countries at United Nations — Russian mission

Dmitry Polyansky said "this shameful neocolonial tactics are fully exposed now in the context of Gaza War"

US deploying missiles in Philippines to endanger global security — Russian envoy

Anatoly Antonov has urged the US "not to open Pandora's Box" and follow Russia’s suit "by taking all necessary steps to ensure global stability and predictability"

West, Kiev indulge in nuclear blackmail by demanding control of ZNPP — Russian MFA

"Without noticing it themselves, they spoke the language of an ultimatum," Spokeswoman Maria Zakharova underlined

Russian artillery thwarts Ukrainian army’s rotation near Kupyansk — underground resistance

The Ukrainian army used the outbuilding as an ammunition depot, which accommodated about 15 fighters at the time of the air strike, spokesman Sergey Lebedev specified

Iran completed operation, to respond with greater force if needed — envoy to Russia

On the evening of April 13, Iran launched drones and missiles toward Israel in response to what it called "repeated crimes" from Tel Aviv, including the attack on the consular office of the Iranian Embassy in Damascus ascribed to Israel

Putin points to high risk of new epidemic outbreaks

The Russian president pointed out that Moscow’s "program of assistance to the African countries in sanitary and epidemiological well-being provides for the delivery of ten mobile high-containment biological laboratories"

Ukrainian front may collapse this summer — newspaper

According to the newspaper’s assessments, Russia "has never been closer to its goals" in the special military operation zone

Iran intends to bolster military cooperation with Russia — envoy to Moscow

Kazem Jalali noted that Iran had demonstrated its ability to ensure security and nudge the region toward a de-escalation

Ukraine turns from sovereign country into Western protectorate, Hungarian PM says

Viktor Orban noted that there should be a buffer zone between NATO and Russia and Ukraine could serve as one

China to act over possible US measures for alleged support of Russian defense sector

"China always opposes the illegal unilateral sanctions imposed by the United States and will continue to take necessary measures to firmly safeguard the legitimate rights and interests of Chinese enterprises," Liu Pengyu said

Investments in Subarctic region to be over $32.6 bln in next decade — governor

Murmansk authorities said earlier that the capacity of the port of Lavna under construction on the western coast of the Kola Bay is planned to be involved in transshipping export cargoes from Belarus

Israel assesses effectiveness, consequences of strike on Iran — media

A spokesman for the Israel Defense Forces declined to comment on the reports of the strike

Russian forces destroy Ukrainian command post, two S-300 missile launchers over day

Russian forces improved their frontline positions and repelled a Ukrainian army counterattack in the Donetsk area where the enemy lost roughly 590 troops over the past day, the ministry reported

At least 16 Syrian troops killed in terrorists’ ambush in east Syria — TV

According to the Al Hadath television, a military bus was ambushed by members of the Islamic State terrorist group

Georgian protests against foreign agent bill reek of US influence — Medvedev

"The experienced and all-too-familiar Hollywood touch can be seen behind these rallies," the politician pointed out

US veto for Palestinian membership proves Washington’s anti-Palestinian stance — Hamas

The movement called upon the international community to "break free from Washington’s influence and support the struggle of the Palestinian people"

Iran threatens to attack Israel's "nuclear centers" in case of aggression on its part

Ahmad Haqtalab argued that Israel had been conducting "subversive and terrorist activities" against the Islamic republic's nuclear infrastructure for year

Iran to review nuclear doctrine in case of Israeli aggression — IRGC

Ahmad Haghtalab pointed out that the Iranian Army and other security forces protect Iranian nuclear facilities using the most advanced equipment, so "national nuclear centers are completely safe"

Ukrainian president signs law tightening mobilization rules

According to Rada Deputy Speaker Alexander Korniyenko, some of the law’s provisions will take effect after its publication, while most of them will enter into force in a month

Press review: US throws Russia New START curveball and Washington's aid balancing act

Top stories from the Russian press on Wednesday, April 17th

Press review: Ukraine, Israel vie for EU’s attention and Georgia passes controversial bill

Top stories from the Russian press on Thursday, April 18th

Exports of Chinese goods to Ukraine rise by 50% to $783 mln in January - March

According to the General Administration of Customs of China, in 2022 the volume of Chinese-Ukrainian trade fell by 60% to $7.65 bln

Russia-China military-technical cooperation not directed against other states — diplomat

Cooperation between Moscow and Beijing in the military-technical sphere contributes to enhancing security of Russia and China and "is not directed against third countries," Maria Zakharova stressed

G7 foreign ministers set to call on all sides to exercise restraint in Middle East

Italian Foreign Minister Antonio Tajani said Israel will "most likely" respond to the recent Iranian attack

Ukrainian military reportedly uses HIMARS rocket launcher to attack Gorlovka

Head of the Donetsk People’s Republic Denis Pushilin also said that an explosive device had detonated in the Kievsky District of Donetsk, injuring a man born in 1964

US did not 'endorse' Israel’s retaliatory attack, but was warned about it — TV

According to Bloomberg, Israel informed the United States about its plans to strike Iran within the next 24-48 hours

Vehicles, equipment participating in Victory Day parade depart for Moscow — ministry

The final rehearsal of the military parade will take place on May 5

Energy prices help US economy to develop better than Europe — IMF

It is reported that the US has benefited from more favorable conditions in terms of energy prices, something that has been quite a serious factor for Europe, not a positive factor for Europe

North Korean leader arrives at public event in Aurus luxury car gifted by Putin

On April 10, the vehicle was also spotted when the North Korean leader visited Kim Jong Il Military and Political Academy

Iran done with retaliation, calls for efforts to stop Israel from reckless steps — MFA

According to the minister Hossein Amir-Abdollahian, in the event that Israel uses force against Tehran's interests, "the Islamic Republic of Iran will not hesitate to use its right to give an immediate and decisive response that will make them regret"

UN Security Council vote exposes practically full isolation of US — Russia’s UN mission

Vasily Nebenzya described the US veto as a "fruitless attempt to stop the inexorable course of history"

MiG-31I fighters receive air refueling system

Another source said MiG-31I differs from previous MiG-K option by "different engines, avionics and missiles"

Ukrainians abroad storming embassies to avoid mobilization, Russian diplomat says

On Tuesday, Ukrainian President Vladimir Zelensky signed the mobilization law passed by the Verkhovna Rada (parliament) in the second and final reading on April 11

EU summit calls to continue work on duties on Russian, Belarusian agricultural produce

The European Commission suggested introducing duties on agricultural products from Russia and Belarus earlier

Nearly half of those present in UN Security Council hall walk out before Israel’s address

israeli Permanent Representative Gilad Erdan was to address the council after Palestinian envoy Riyad Mansour

Crimea, Donbass to forever remain within Russia, Slovak PM tells national parliament

Robert Fico believes Moscow will win in its confrontation with Kiev

Swiss parliament votes against joining task force on frozen Russian assets

The group contains US finance and justice ministers, representatives of Australia, the UK, Germany, Italy, Canada, France, Japan, as well as the European Commission

French president says creating Israeli-type air defense network for Ukraine impossible

Emmanuel Macron added that Europe’s resources are limited, and the European Union will continue helping Kiev keeping in mind its own reserves

French, US, British nukes all interwoven — Russian diplomat

Maria Zakharova described France’s decision to place its aircraft carrier, the Charles de Gaulle, directly under NATO control as a symbolic move marking the end of "the era of an independent Paris in the international arena"

US blocks Security Council resolution granting full UN membership to Palestine

A total of 12 countries, including Russia and China, voted in favor of the document

Final statement by G7 top diplomats to call for supplying more air defenses to Kiev

Earlier, Ukrainian Foreign Minister said Kiev required US-made Patriot systems and Italian-French Samp-T theatre antimissile systems

Palestinian envoy says Israel plans to destroy Palestine

"This is a plan of extremist government", Permanent Observer of Palestine to the UN Riyad Mansour said

Kiev lacks both troops and equipment near Chasov Yar in DPR, says retired general

Military commanders of Ukrainian army brigades "lack both personnel and the required amount of equipment" while Russian troops enjoy a considerable superiority, especially in artillery, Sergey Krivonos noted

US gives nod to Israeli operation in Rafah in exchange for canceling major attack on Iran

According to the media outlet, "the US administration will support the plan for a military operation in Rafah put forward earlier," which provides for dividing the city into numbered sectors that will be mopped up one by one

Russia, Iran maintain contacts on nuclear security - deputy foreign minister

Sergey Ryabkov said that "very soon, Russia and Iran will have new additional opportunities to discuss the situation in the Middle East in general, as well as details of what is going on there at this point"

Yerevan's refusal to delimit borders with Baku to escalate regional tensions — PM

Nikol Pashinyan pointed out that the demarcation process also involves risks, but they are manageable, after which "Armenia will become ten times stronger"

Russian investigators start inquiry into financing of terrorism by US, NATO officials

Investigators have established that the funds that were received through commercial organizations, such as the oil and gas company Burisma Holdings operating in Ukraine, have been used to carry out terrorist acts in Russia and abroad

Ukrainian military under constant gunfire by Russian troops near Urozhainoye, says POW

Yevgeny Pogrebnyak said that he was treated well by Russian troops in his captivity

Russia can join top three countries by lithium reserves — governor

Infrastructure is required to implement the investment project, both power transmission lines and the railroad, Andrey Chibis noted

EU border checkpoint closest to Russia’s St. Petersburg to cut its working hours

The changes were attributed to reconstruction works on the Russian side of the checkpoint Ivangorod

Pipeline explodes in Kharkov Region

The exact location of the damaged pipeline or the causes of the incident is not reported

France-Russia relations hit rock bottom — ex-envoy to Paris

Alexander Orlov noted that recently French President Emmanuel Macron "has made a number of questionable moves that have increased the divide" between both countries

Ukrainian trace obvious in Crocus City Hall attack — Russian prosecutor general

The law enforcement employees exert efforts to identify the instigators of this crime, Igor Krasnov said

Moscow International Film Festival to open in Russian capital

The Moscow Film Festival was founded in 1935, which makes it the world’s second oldest film festival after the Venice event

Agents in Ukrainian, Poland foil attempt to kill Zelensky, security officials in Kiev say

The agency said it and the Office of the Prosecutor General of Ukraine informed their Polish counterparts about the alleged assassination attempt

Water in Kurgan above dam, breaking records

More than 100 employees of the Russian Ministry of Emergencies are fencing the shores and filling the least reliable dam segments

Investigation into Crocus terrorist attack underway, traces lead to Ukraine — diplomat

Maria Zakharova noted the need to "wait for official information from the investigation"

Founder of neo-Nazi cell in Crimea flees to Georgia — source

According to the official, the investigation established that Mikhail Maurov planned to travel to Ukraine to join the ranks of a right-wing Ukrainian organization called the Freedom of Russia Legion

Press TV reports all of Iran's hypersonic missiles hit intended targets in Israel

The report did not specify which facilities in Israel had been attacked with hypersonic missiles

Iran suspends flights above several cities amid reports of air attack — IRNA

Fox News said the Jewish state delivered a limited strike on Iran

Crimea’s revenues rise to $1.12 bln over past ten years

Sergey Aksenov noted that the increase in budget revenues helped use a large amount of funds on the development of priority areas, including environmental protection, education, health care, and road construction

Russian Aerospace Forces strike five militant hideouts in Syria’s Homs

Yury Popov said that aircraft of the so-called international anti-terrorism coalition, led by the United States, continue to set dangerous precedents in skies above Syria

Russia will not 'shake up' relations with Argentina due to its partnership with NATO — MFA

According to Sergey Ryabkov, Russia and Argentina maintain a good dialogue at various levels

Court arrests man accused of blowing up car of former SBU officer in Moscow

According to materials in the case, the accused man has a residence permit in Ukraine, where his wife lives, and Kyrgyz citizenship

Algeria pledges to return to Palestinian membership issue — envoy

"The overwhelming support for Palestine’s membership makes it crystal clear that the State of Palestine is worthy of its rightful place among member states of the United Nations," Amar Bendjama said

Germany fails to present evidence in case of espionage suspects — Russian embassy

The Russian embassy has called attempts to probe into the alleged involvement of Russian special services in the development of rumored plans for attacks on military facilities in Germany "absurd and ridiculous"

Colombian president displays interest in country’s entry into BRICS

Brazilian leader Luiz Inacio Lula da Silva welcomed Gustavo Petro’s initiative, "being committed to promotion of Colombia’s candidacy"

Ukrainian president admits Russian troops’ advancement

Vladimir Zelensky asked his country’s supporters to provide "everything that helps to hold the frontline," including shells, military vehicles and drones

Ukraine’s military loses positions near Avdeyevka, says DPR

Igor Kimakovsky said that Ukrainian forces suffered heavy casualties among personnel and military hardware, including Western equipment

CIA chief says Ukraine could lose by end of this year — Politico

William Burns said "there is a very real risk that the Ukrainians could at least put Putin in a position where he could essentially dictate the terms of a political settlement"

Palestine’s full UN membership more urgent now than ever before — China’s envoy

Fu Cong denied claims that direct talks with Israel are a vital precondition for Palestine’s UN membership

Chinese car plant to start production at former Mercedes site in Moscow region in May

Earlier it was reported that the German automobile concern Mercedes-Benz plans to sell its enterprise located in the Solnechnogorsk district of the Moscow region

Russian chief prosecutor suggests agreement with Venezuela’s supreme audit body

Igor Krasnov reiterated the importance of control over anti-corruption measures and related legislation

Chief prosecutors of Russia, Venezuela sign cooperation agreement in Caracas

The agreement allows "Venezuelan prosecutors to participate in training sessions free of charge and paves the way for Venezuelan students to receive higher education in our university," Russian Prosecutor General Igor Krasnov said

Kiev ordered mandatory evacuation from Kharkov Region to accommodate mercenaries

Evacuation campaigns are regularly organized by the Kiev government, under the pretext of security issues

US 'not forgetting' to help itself with aid to Ukraine — Kremlin

"In any case, whatever the modality of providing this aid, de facto it is about provoking Ukraine into further hostilities down to the last Ukrainian, putting guarantted money in the pockets of the US," Dmitry Peskov said

Germany moves to exclude Russia from concentration camp liberation celebrations

According to Maria Zakharova, Moscow "regards this provocative attack as the latest move by the German side aimed at further twisting history, painting the course and outcome of World War II in an anti-Russian manner"

Polish premier refuses to hand over his country’s Patriot systems to Ukraine

Donald Tusk said that German Chancellor’s call to send more air defense systems to Kiev had no relation to Poland, provided the country's geographical position near the frontline

German MFA summons Russian ambassador after detention of espionage suspects — newspaper

Commenting on the men's arrest, German Interior Minister Nancy Faeser said: "Our security services have prevented possible explosions aimed at undermining our military assistance to Ukraine"

Russia’s advanced radar in Kaliningrad to monitor entire territory of Europe — source

The first Konteiner radar went on combat duty in the Volga area region of Mordovia on December 1, 2019

Russia says its forces repel four Ukrainian counterattacks in Kupyansk area

The Ukrainian army losses were up to 70 servicemen, three motor vehicles, a D-30 howitzer, 2 Plastun-3000 electronic reconnaissance stations and a Nota electronic warfare station

Ceasefire necessary for implementation of UN humanitarian resolution on Gaza — UN envoy

"The Israeli forces carry out strikes at humanitarian forces, block their access, slow down the cargo clearance," Vasily Nebenzya said

Nuclear sites in Iran’s Isfahan province are safe — Tasnim agency

Tasnim refuted foreign media reports about an incident at a nuclear site in Isfahan

Tehran’s two major airports cancel international flights — Mehr

Imam Khomeini International Airport and Mehrabad International Airport suspended their operations until 10:30 a.m. local time

Kremlin condemns 'illegal' seizure of villa from Russian businessman

Dmitry Peskov underscored that Moscow has already made its position clear on this matter

Number of applications in RuStore surpasses 37,000

According to the RuStore press service, over the past six months the number of applications from Chinese developers has grown fivefold

US names lack of reforms as reason to block Palestinian membership resolution

US deputy envoy Robert Wood also noted that "Hamas - a terrorist organization - is currently exerting power and influence in Gaza, an integral part of the state envisioned in this resolution"

Ukraine convicts 12th world chess champion for recognizing Donetsk, Lugansk republics

The two other State Duma members mentioned in the verdict alongside Karpov are Viktor Kazakov and Georgy Karlov

Argentina applies for status of NATO’s global partner

"We will keep working to rebuild ties that will enable us to upgrade and train our forces in accordance with NATO standards," Luis Petri noted

Two pilots of jet that crashed in southern Russia hospitalized

The plane crashed in a field in the Krasnogvardeysky district of southern Russia’s Stavropol Region

Kiev continues to openly announce terrorist attacks on Russia — diplomat

Maria Zakharova also pointed to the fact that Ukraine's special services do not give up attempts to "massacre their former compatriots"

Press review: Iran fires back at Israel and Russia, West spar over AI rulebook

Top stories from the Russian press on Monday, April 15th

EU plans to invest first profits from Russian assets in military aid to Kiev

"I think that the decision has been taken by the member-states - all 27 have agreed that we use the windfall profits following our proposal," Ursula von der Leyen said

Major Western investor accuses Zelensky's office of extorting millions of euros

Arnulf Damerau said that he provided details of the meeting, along with evidence and a list of names of those involved, to US and European intelligence agencies

Shoigu visits presentation of over 30 promising weapons, including robotic vehicles

The Russian defense minister has given his instructions to speed up the introduction of promising weapons that have been tested in the special military operation zone into service with the Russian Army

Effort to grant full UN membership to Palestine will continue — Russian mission

"The UN history has precedents when states were not admitted on their first try. The number of attempts is not limited," Nadezhda Sokolova said

Serial production of missiles for S-500 air defense systems begins in Russia — source

State trials of S-500 are under way at a testing range in southern Russia

Palestinian president says US veto immoral, runs counter to global community’s will

In Mahmoud Abbas' opinion, Washington’s foreign policy constitutes "an outrageous aggression against the international law"

Iran tells US about April 13 attack on Israel, it does not want escalation — top diplomat

Hossein Amir-Abdollahian added that prior to the attack, Tehran said that it would not target US military infrastructure in the Middle East "except in a situation where the United States wants to take military measures in support of Israel"