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RUSSIA'S ECONOMY

Russian Finance Ministry plans to reach deficit-free budget within three years

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MOSCOW, July 6. /TASS/. Russia’s Finance Ministry does not surrender the objective to reach deficit-free budget within three years, Deputy Finance Minister Sergey Storchak said Wednesday.

"The target is there. It has been formulated by the president, head of the government to target gradual decrease of federal budget deficit within the three-year plan from 3% of GDP to 1% of GDP," he said, adding that "further on the plan is to reach deficit-free budget through budget consolidation."

For 2016 the budget deficit target is 3% of GDP though the authorities do not rule out it may rise to 3.3-3.4% of GDP. Earlier the Finance Ministry said it intended to focus its budget policy on decreasing Russia’s budget deficit by 1 percentage point each year and eventually reach deficit-free budget.

Gazprom SPKA to create low-orbit satcom system — deputy CEO

Sergey Masalov said that the constellation will comprise 78 satellites

Israeli response will likely targets outside Iran — NBC

The report said the Israeli retaliation will be "limited in scope"

Increased partnerships within SCO reflect organization's appeal — secretary-general

Zhang Ming noted that the Shanghai Cooperation Organization has transformed from a regional to transregional multifaceted association at this point

Moscow shooter identified as European boxing champion Nikita Ivanov

This was reported by a representative of law enforcement agencies

Dollar falls to 93.52 rubles, euro drops to 99.65 rubles

The Chinese yuan rose by 0.95 kopecks to 12.89 rubles

Senior Russian diplomat warns West against aggressive statements about Russia

Sergey Ryabkov pointed out that the West "is ignoring elementary and, as a matter of fact, absolutely obvious principles," such as the idea that a nuclear power "can never be defeated"

Avtotor launches production of Jetour Dashing crossover in Kaliningrad

General agreement includes organizing the production of the brand’s products in Russia and gradually increasing the level of localization

Kiev recognizes Russia's tenfold superiority in artillery shells

Vladimir Zelensky admitted that Ukraine had no chance of winning victory without support from the West

Russian Su-34 jets destroy Ukrainian command post with high-explosive aerial bombs

"The strike was carried out with ODAB-500 high-explosive aerial bombs with a universal planning and correction module," the Russian Defense Ministry reported

Over 40 nations want to join BRICS — Russian lawmaker

According to Grigory Karasin, many BRICS members share the opinion that the association should be in no hurry to adopt a strict charter, "seeing how counterproductively and even provocatively the European Union is acting"

Iran has no need to buy Russia’s S-400 missile systems — defense minister

Iran’s Bavar-373 long-range mobile air defense system, believed to be an equivalent of Russia's S-300 systems, will become operational by the year-end

Iran detains MSC Aries ship over violation of maritime law — Foreign Ministry

Iranian Foreign Ministry Spokesman Nasser Kanani noted that Tehran monitors "all ships in the strategic strait" and prevents violations of the country's sovereignty

Russian air defenses suppress up to 400 Ukrainian UAVs in DPR over week

The drones neutralized by the air defenses included a Mavic-3 UAV and three Baba-Yaga drones carrying improvised explosive devices manufactured with the use of anti-tank aerial bombs and mines

Attacks on ZNPP raise risks for nuclear safety — IAEA chief

Rafael Grossi reminded the Security Council that last year he outlined the principles of ensuring safety at the ZNPP to avert the danger of a nuclear incident and called on Russian and Ukraine to observe them

Russian forces find coordinates of DPR churches at former Ukrainian positions in Avdeyevka

It was possible to establish that the Ukrainian servicemen were tasked with hitting Orthodox sites in the region aide to the head of the Donetsk People's Republic Igor Kimakovsky said

Hamas not to make any concessions on Israeli troops’ withdrawal from Gaza

Izzat al-Rishq noted that Israel’s attempts to release its hostages held by radicals in the Gaza Strip have failed and "there is no alternative to a real deal on this matter with Palestinian groups"

Italy’s minister estimates Israeli capability to defend from Iranian attack at one billion

Guido Crosetto didn’t specify whether the currency he meant was dollars or euros

Iran plans negotiations with Russia on purchase of Sukhoi fighters

Iran's Ministry of Defense the country needs to strengthen its air force

Iran’s possession of enriched uranium doesn’t mean it has nuclear bomb — Grossi

The IAEA director general said he plans to visit Tehran in the next few weeks

Roscosmos committed to continued collaboration with NASA — CEO

"We, both sides, and you can take it from me - as I meet with colleagues from NASA, would hate to lose this cooperation," Yury Borisov noted

Senior Russian diplomat warns about proportional response to threats coming from Finland

According to Russian Deputy Foreign Minister Alexander Grushko, many of such measures have already been announced

Russian Ocean Way vessel docks at Socotra, captain needs medical aid

Stanislav Beryozkin was taken to a hospital to undergo thorough examination, with all the required tests made

Israel Defense Forces announce planned military drills in country’s north on April 16

According to the IDF, "the military exercise was planned in advance as part of the IDF's annual military training program for the year of 2024, and as part of the IDF's increased preparedness for possible threats in all spheres"

Construction of future manned spacecraft reached its final stage — Roscosmos CEO

The spacecraft’s first flight is planned for 2028, Yury Borisov said

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

Moscow follows meeting between Scholz, Xi — senior Russian diplomat

The German chancellor is in China on an official visit from April 14-16

Russia’s top brass reports destroying first Khmara jammer in Ukraine operation

According to the Defense Ministry, Russian troops took better positions in the Donetsk area over the past day

New sanctions against Moscow to push supplies of Russian metal to China up — Bloomberg

The London Metal Exchange’s ban on Russian aluminum, copper and nickel produced after April 13, 2024 leaves the Shanghai Futures Exchange as the only major commodities bourse in the world to accept Russian shipments of the three metals

Zelensky irked by US’ request to stop attacking Russian energy infrastructure — media

It is noted that US officials believe the military benefits of Ukraine’s air raids on Russian oil refineries are "of questionable value," since "the strikes do little to diminish Russia’s war-fighting abilities"

Over 80 Ukrainian drones suppressed, downed in Kherson Region over day

According to Vladimir Saldo, during the night there was a strike on the Ukrainian troops' landing zone on the right bank of the Dnieper River, nine boats and up to 20 militants were destroyed

Ukrainian paratroopers surrender in Avdeyevka area — Russian Defense Ministry

Nine Ukrainian paratroopers of the airborne platoon of the elite brigade of the Ukrainian armed forces seized the opportunity to surrender near Vodyanoye, turned to Russian soldiers and laid down their arms, the ministry said

Putin shocked by brutality, cynicism of terrorist attack in Iran - Kremlin

The killing of civilians visiting a cemetery is shocking in its cruelty and cynicism Putin said

Georgian protesters end rally in Tbilisi over foreign agents bill

Rustaveli Avenue has been opened for traffic

Lavrov sees no chance of Germany, Japan becoming permanent UNSC members

The Russian foreign minister also said the two countries would bring absolutely nothing new to the Security Council discussions as they "obediently do Washington's bidding, just like virtually every other Western country"

Slovakia to oppose Ukraine’s NATO membership bid — PM

Meanwhile, Slovakia supports Ukraine’s accession to the European Union

Macron draws distinction between Israeli, Russian Olympic participation

The French leader stressed that Israel was responding to a terrorist attack

Freshly mobilized Ukrainian soldiers holding first-line defense in Chasov Yar, says DPR

Igor Kimakovsky said that the Ukrainian combat group in Chasov Yar is suffering heavy casualties

Turkish-mediated Black Sea security pact crumbles as Ukraine backs out — Reuters

According to the draft agreement, seen by the agency, the parties would have extended security guarantees to merchant vessels in the Black Sea, as they committed not to strike or search them as long as they had declared a non-military cargo

Russian foreign ministry blames Paris for death of French mercenaries in Kharkov

The ministry hopes "that the people of France will ultimately learn the truth about the actual scope of France’s involvement in the conflict"

Russia urges Middle East nations to show restraint amid escalation — Kremlin spokesman

According to Dmitry Peskov, further escalation is in no one's interests

'Iron Dome' can't fully protect from UAV swarms — Chinese expert

According to Wei Dongxu, Tehran's firepower can cover most of the Middle East region, representing a fierce and precise long-range retaliatory means

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

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

Russian, Tajik troops kick off joint military drills in Tajikistan

The joint bilateral exercise is running on April 15-18, 2024

Israel remains on highest alert as it chooses response to Iran’s attack — senior commander

"Iran will face the consequences for its actions," IDF Chief of Staff Herzi Halevi said

FSB makes arrest in Ukrainian Security Service officer’s car bombing

According to the FSB, the detainee had departed for Ukraine after the launch of the special military operation where he was recruited by an SBU officer in October 2023

Israel to soon retaliate Iranian attack, no exact date yet — media

The Wall Street Journal did not specify the exact day

Russian forces suppress nearly 80% of Ukrainian drones in island zone of Dnieper River

According to a servicemen of Russia's Northern Fleet marine infantry from the battlegroup Dnepr, control of this area is necessary to organize a buffer zone that ensures the safety of Russian units on the left bank and civilians

Iran ready for defensive measures if Israel continues escalation — embassy in Russia

"If Israel and its Western supporters want to further escalate the conflict, we are ready to take additional defensive measures to protect our legitimate interests," Hussein Maliki said

Deflecting Iran attack cost billions, Israel, US can't repeat it — former UN inspector

"If Iran ends up with the number of missiles and drones necessary to sustain this level of action for a week, they will have exhausted Israel's ability to defend itself," Scott Ritter said

Israel postpones Rafah operation after Iranian attack — CNN

According to the sources, Israel is now focused on how to respond to the Iranian attack

Ukraine struggles to garner support for Swiss conference — Russian Foreign Ministry

"There are increasingly fewer people willing to discuss this subject with Kiev’s envoys, let alone going there," Rodion Miroshnik stressed

Russia to furnish advanced Korsar drones with electronic warfare systems

The cutting-edge drone was unveiled during the night rehearsals of the Victory Day parade in Moscow

White House effectively rules out option for US forces to intercept Russian missiles

US National Security Council spokesman John Kirby said Joe Biden had made it clear that the United States would not take on a combat role in Ukraine

US, Europe’s military force insufficient to fight Russia — expert

Previously, former US Secretary of Defense Advisor Douglas Macgregor said that the failure of the US Administration in the Ukrainian conflict has already disrupted the balance in Europe, strengthening Russia’s positions

US, UK strikes harm Yemeni settlement prospects — Russian mission to UN

"Such actions harm the intra-Yemeni settlement, undermining the efforts of international and regional mediators," Dmitry Polyansky noted

Russian, Israeli security chiefs discuss current escalation in Middle East

On the evening of April 13, Iran launched dozens of 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

Iran to retaliate for any new Israeli attack 'within seconds,' senior diplomat warns

Deputy Foreign Minister Ali Bagheri Kani described the Israeli attack on the Iranian embassy’s consulate department in Syria on April 1 as a strategic mistake

Press review: Israel mulls response to Iran's strike and Ukraine plays shot-caller with US

Top stories from the Russian press on Tuesday, April 16th

FSB prevents terror attack on Trans-Siberian Railway

According to preliminary information, the suspect was interacting with unknown individuals in Ukraine and agreed to set fire to relay boxes on the Trans-Siberia Railway for money

Demarche delivered to UK consul general in Yekaterinburg over propaganda work

Alexander Kharlov also specified that the provision of the Vienna Convention on Consular Relations and the bilateral Consular Convention on the need for foreign diplomats to comply with the laws and rules of the host country had been reiterated to Kotecha

Japan concerned over Russia-China military cooperation — Foreign Ministry

The Russian Foreign Ministry has repeatedly emphasized previously that similar drills and patrols are held in strict compliance with international law

FACTBOX: Water down in Orenburg, Kurgan and Tyumen at risk

More than 15,000 residential houses and over 23,600 garden plots are exposed to the flood in the Orenburg Region

Israel considering retaliatory steps following Iranian attack — top brass

According to Herzi Halevi, the Israeli military was well-prepared for the Iron Shield operation to counter the Iranian attack

Israeli defense minister holds meeting on preparations for operation in Rafah

Yoav Gallant held discussed with the participants in the meeting a number of measures that need to be taken as part of the preparations for the operation in Rafah with a focus on the evacuation of civilians and expanding activities linked with the delivery of food and medical equipment to the Gaza Strip

Ukraine suffered substantial power generation losses over recent weeks — minister

According to German Galushchenko, the value of the damage is being verified and could reach billions of dollars

Russian envoy calls UN Security Council meeting on Iran strike parade of hypocrisy

"If Western missions were attacked, you would not hesitate to retaliate and prove your case in this room. Because for you, everything that concerns Western missions and Western citizens is sacred and must be protected," Vasily Nebenzya said

Xi Jinping proposes four principles for resolving Ukrainian crisis

The Chinese leader had an in-depth exchange of views on the Ukrainian crisis with German Chancellor Olaf Scholz, who is on an official visit to Beijing

Volume of frozen Russian assets in Germany reaches around €3.9 bln

This figure includes frozen assets of individuals and legal entities included in the sanctions list, such as cash, corporate investments, and yachts

Police detain 14 people at rally in Georgia

The Georgian Interior Ministry said that one police member was injured

Russia’s UN envoy says IAEA too cautious as it doesn’t name culprit behind attacks on ZNPP

Vasily Nebenzya said Russia was calling on the International Atomic Energy Agency to name the source of attacks

Netanyahu a threat for Israel, opposition leader says

According to Yair Lapid, Israeli allies "smell this weakness," too

Georgian parliament passes bill on foreign agents in first reading

The hearing took place amid a heated debate between representatives of the ruling Georgian Dream - Democratic Georgia party and the opposition

Russia, Belarus sign aircraft production agreement

The complex of measures (plan) to stimulate Russian investment activity in Belarus was also signed

Ukrainian armed forces attack Belgorod Region with four drones over past day

According to Governor Vyacheslav Gladkov, more damage was detected in the Dubovskoye rural settlement where two private residences, three apartment buildings and two outbuildings were damaged

Envoy reports dozens of Russians killed in Ukrainian attacks in past week

According to Russian Foreign Ministry Ambassador-at-Large Rodion Miroshnik, over that period, Ukrainian troops fired "at least 1,362 munitions" at civilian facilities

Russia’s UN envoy says statements by West expose Kiev’s responsibility for attacks on ZNPP

"They not only completely gave away Zelensky's regime, but also confessed to their own complicity in these irresponsible bombardments," said Vasily Nebenzya

IAEA chief slams attack on ZNPP dome as 'very dangerous precedent'

Rafael Grossi calls for attacks on ZNPP to stop as they raise safety risks

Israel may strike Iranian territory to demonstrate its capabilities — TV

"We are continuing our efforts to prevent further escalation," the US official said

US House could consider separate bills on aid to Israel, Ukraine this week — report

US House Speaker Mike Johnson announced the plans in a private meeting with GOP lawmakers on Monday, Politico said

Russian paratroopers seize Ukrainian stronghold on tanks, combat vehicles

Russian troops suffered no casualties, the Russian Defense Ministry reported

China's approach to Ukraine balanced, constructive, Russia welcomes it — Kremlin

Dmitry Peskov stated that China "maintains quite high diplomatic activity" on the Ukrainian track

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

Iran has warned US that Israeli response would set off harsh retaliation — minister

Iranian Foreign Minister Hossein Amir-Abdollahian made the statement as he spoke by phone with his Chinese counterpart Wang Yi

Ukraine announces blocking of 83 TikTok channels, including 'tass_agency'

Meanwhile, almost half of all Ukrainians view the authorities’ attempts to control the information on the web negatively, according to polls

Ukraine offers to use neighbors' air defense systems to protect its gas storage facilities

According to German Galushchenko, the issue has been discussed, and "everyone is quite positive about it"

China’s Jetour plans to sell up to 50,000 cars in Russia this year

Sales volumes depend on the demand for it, Liang Bin stated, noting that this refers not merely to sales of the Jetour Dashing crossover but also to other brand models, including X70 and X90 crossovers and the T2 SUV

Iranian president warns of 'terrible response' to any action against country

Ebrahim Raisi opined that the UN Security Council and the organization as a whole "failed to fulfill their minimum legal obligations to condemn the [Israeli] attack on the Iranian consulate in Damascus"

Servicemen of Russia’s battlegroup West receive certificates for destroyed Leopard-2 tanks

The Russian Defense Ministry pointed out that immediately after the award ceremony, the servicemen returned to their units to continue performing their assigned tasks in the special military operation zone.

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

Three violations of the deconfliction protocols of December 9, 2019 linked with the flights by the US-led coalition unmanned aerial vehicles were reported in Syria in the past 24 hours

Russia developing Start-1M carrier rocket as derivative of Topol-M ICBM — source

Like the ICBM, the carrier rocket is intended for launches from a mobile launching platform

French mercenaries operate Caesar howitzers in Ukraine — French reporter

According to Christelle Neant, French specialists are engaged to operate these howitzers in Ukraine as Ukrainian mobilized soldiers lack relevant skills and time to learn how to use them

Official labels Ukrainian claims about Russia hitting nuclear facility 'total lie'

"Undoubtedly, everything that is going on today, carries a direct threat to nuclear safety," Renat Karchaa reiterated

Ukrainian Baba Yaga drone found in Moscow office

According to the source, the owner of the drone is being questioned by law enforcement

Arbitration rules for recovering 114.8 mln from Glencore in favor of Sber

In February 2023, the Moscow Arbitration Court ruled to recover the debt totaling 117.9 mln euro in favor of Sberbank from Glencore Energy UK Ltd

Negotiations on safety of navigation in Black Sea continue — source

The talks are being held within the framework of a letter sent earlier by UN Secretary General Antonio Guterres to the presidents of Turkey, Russia and Ukraine

Russian finance ministry considering abolition of export duty on gold

Earlier, the Federation Council’s budget and financial markets committee recommended that the amendment on an increase in MET on gold from June 1 to December 31, 2024 be approved

New generation Amur-LNG rocket to be reused 50-100 times — Roscosmos CEO

Yury Borisov noted that SpaceX’s Falcon 9 rocket was used no more than ten times

US continues to foment new conflicts to save itself from default — Duma speaker

Vyacheslav Volodin cited data from the US Treasury Department, according to which the country's budget deficit in March amounted to $236 bln

Russia, Belarus boosting interaction despite sanctions

Russian Prime Minister Mikhail Mishustin added that the record-high indicator of mutual trade turnover is $45.2 bln

Russia to continue boosting cooperation with countries of Global South, East — Lavrov

The Russian Foreign Minister added that these countries "are firmly committed to the principles of the UN Charter, advocate respect for the cultural and civilizational diversity of the world's peoples and their right to determine their own destiny"

Russian Armed Forces hit IRIS-T air defense system launcher, Ukrainian ammunition depot

The personnel and equipment of the Ukrainian Armed Forces were also defeated in 129 districts