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RUSSIA'S ECONOMY

Finance Minister: Size of Russia’s budget pie getting smaller

Russia is ready to borrow foreign loans in yuan next year, the minister says

Russian Finance Minister Anton Siluanov Alexander Ryumin/TASS Host Photo Agency

Russian Finance Minister Anton Siluanov

© Alexander Ryumin/TASS Host Photo Agency

SOCHI, September 30. /TASS/. The size of Russia’s budget pie has been getting smaller, and this kind of policy is most appropriate for the current period, Finance Minister Anton Siluanov said at the Sochi-2016 Forum.

"Indeed, the "pie" has become smaller. Everyone understands it, because we are now set for an improvement of its quality," the Minister said.

"It (the budget policy) is not increasing and is not aimed at isolation (of Russia) but it is appropriate for this period," he added.

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Russia ready to borrow in yuan

The minister said Russia is ready to borrow foreign loans in yuan next year depending on technical readiness and market situation.

Small loans in yuan can be borrowed "as an experiment," Siluanov said. "We would like to attract resources of Chinese domestic investors investing currently into Chinese market instruments and invite investors from that market," the minister added.

Russia’s 2019 budget

The minister went on to say that Russia’s budget for 2019 will be based on average annual ruble’s exchange rate of 71.1 rubles per 1 dollar.

"The average annual exchange rate of the ruble for 2019 budget is 71.1 rubles per 1 dollar," he said.

"67.5 rubles per 1 dollar is for 2017 and 68.7 rubles per 1 dollar is for 2018," he added.

Read also

Russia's Wealth Fund will be down to $7.9 bln in three years — finance minister

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Russia's domestic policy

Anti-Russian sanctions

Hungary plans to address payment problem for Russian gas amid US sanctions on Gazprombank

"We have discussed this issue in detail with the energy ministers of Turkey, Bulgaria and Azerbaijan," Hungarian Foreign Minister Peter Szijjarto said

Biden's decision on missile strikes on Russia is his 'last gasp' — Japanese lawmaker

Earlier, Muneo Suzuki emphasized on his blog that the decision that this decision by Biden on the tail-end of his presidency looked like "a last gasp"

Kremlin confident Putin's statement got through to US administration

Russian President Vladimir Putin said on November 21 that the United States and its NATO allies had earlier announced that they would authorize Ukraine’s use of long-range weapons to hit inside Russia, after which American and British missiles struck Russian military facilities in the Kursk and Bryansk regions

US not seeking confrontation with Russia, but will continue assistance to Kiev — Pentagon

Department of Defense Deputy Press Secretary Sabrina Singh also claimed that Washington, while helping Ukraine, is not attempting to turn the conflict into a large-scale regional confrontation that spills beyond the country’s borders

IN BRIEF: What Putin said about Russia’s new missile, and Moscow’s response to the West

Moscow used its new Oreshnik medium-range hypersonic ballistic missile in response to the West’s decision to authorize strategic-depth strikes on Russia

Ukrainian frontline may 'collapse' under onslaught of Russian forces — BBC

According to the experts, Ukraine’s incursion into Russia’s borderline Kursk Region turned out to be a "strategic catastrophe" amid "manpower shortages"

World has not seen such chaos, brutality since World War II — Kim Jong Un

The North Korean leader explained that the "shameless tricks" of the US to establish its hegemony and "the resulting discord and confrontation of all kinds" have passed the "critical point of explosion" and escalated into "unjust and terrible wars" and "catastrophic disasters"

Biden slams ‘outrageous’ International Criminal Court warrants for Israeli leaders

"There is no equivalence - none - between Israel and Hamas," US president said

German politician slams Ukraine’s ‘irresponsible’ strike on Russia with UK-made missiles

"A diplomatic search for balance and mutual understanding should be the goal, instead of further escalation," Alice Weidel said

Lukashenko tells Putin situation is "starting to get tense with Wagner"

The Belarusian leader noted that they want to go to Warsaw

West beginning to realize only part of Ukraine will remain — Lavrov

According to the Russian foreign minister, this represents the "confrontational logic" of the West

US, NATO decision on strikes continues policy of escalation — Putin

"Experts are well aware - and the Russian side has repeatedly underscored this - that it is impossible to use these weapons without direct participation of military specialists from the countries that produce these weapons," the president said

Eliminating best enemy units: Defense Minister visits special op area

Andrey Belousov stressed that Russian troops have accelerated their advance in the special military operation zone and have effectively disrupted Kiev's 2025 military campaign

China holds US responsible for disrupted defense ministers' meeting in Laos

Wu Qian stated that the United States must immediately correct its mistakes, "honestly respect China’s main interests, and seek to create favorable conditions for high-level contacts between the military of the two countries"

Signal to West and 'red card': experts weigh in on Putin’s missile launch statements

The important message in Vladimir Putin’s speech was that "Russia does believe that the West has shifted from a proxy-war to direct war" and that the parties find themselves in "a global conflict" now, Dmitry Suslov said

Moscow hopes West will thoroughly analyze Russia's nuclear doctrine — ambassador

Andrey Kelin also recalled that the policy of the Russian leadership enjoys the full support and confidence of the country's population

US admiral says Washington should be ready for talks with Russia, China

The Department of State and other US agencies "should continue to engage our competitors in real and substantive dialogue," Rear Admiral Thomas Buchanan said

Belarusian president believes humanity is on the brink of World War III

Alexander Lukashenko also emphasized that a real information war has been underway for a long time

Russia entitled to use weapons against military sites of states attacking it — Duma

"Russia has repeatedly stated that such actions will receive a response – and it will be a stronger one," Duma Speaker Vyacheslav Volodin stressed

Zelensky shook up by Russia’s response to permission to attack it — Lavrov

According to the Russian foreign minister, the West is directly involved in the use of long-range weapons against Russia, as not a single missile could be launched without its involvement

Biden's decision to use ATACMS on Russia threatens to kill Americans — Tucker Carlson

The journalist also criticized US House of Representatives Speaker Mike Johnson (a Republican representing the state of Louisiana) for "not even mentioning it in public or in leadership meetings" with factions in the lower house of Congress

Biden’s actions on Ukraine meant to 'muck things up' for Trump — Lavrov

According to the Russian foreign minister, such behavior is "typical of the Democrats"

Bundeswehr prepares plan for Operation Germany in case of war with Russia — newspaper

According to it, the 1,000-page "Operation Germany" plan lists all infrastructure facilities that deserve special protection, and also contains a procedure for defense or "measures to deter Russia on NATO’s eastern flank"

Captives, Ukrainian losses: situation in Kursk Region

Over the day, the enemy lost more than 150 people, while five Ukrainian servicemen surrendered

Tehran to launch new centrifuges in response to IAEA anti-Iran resolution — statement

The measure is taken in response to the anti-Iran resolution adopted by the International Atomic Energy Agency Board of Governors on Thursday

NATO deployment to Ukraine would mark its entry into the war, Russian diplomat warns

According to Maria Zakharova, the Estonian minister is inciting other NATO members to engage in a venture that is "bound to fail"

Putin’s remarks on hypersonic missiles send serious warning to West — Turkish politician

According to the Russian president, it can install a nuclear warhead on this missile, if necessary, Deputy Chairman of Turkey’s Patriotic Party Hakan Topkurulu said

China urges restraint after Russia, Ukraine's exchange of attacks — foreign ministry

Lin Jian also reaffirmed Beijing's position on the Ukrainian issue

Time of Maduro’s visit to Russia being coordinated via diplomatic channels — embassy

Earlier this month, Russian Deputy Prime Minister Dmitry Chernyshenko handed over the Russian president’s invitation to Maduro during his visit to Venezuela

Iran begins installation of three new generations of centrifuges to enrich uranium — TV

The decision was reportedly made in response to the anti-Iran resolution of the International Atomic Energy Agency

Enemy has no countermeasures for Russia’s Oreshnik missile — Putin

Speaking in a televised address, the head of state assured that Russia will issue notifications before using this type of missile

Ukraine should consider territorial concessions to Russia in return for peace — magazine

Foreign Policy pointed out that Western officials should stop insisting in public speeches on the need to achieve a strategic defeat for Russia

Russia hit Ukrainian military-industrial facility in response to use of Western missiles

It is reported that the Russian Armed Forces carried out a combined strike at a Ukrainian military-industrial complex on November 21

Russian army pushes Ukraine out of Kurakhovo water reservoir’s north shore

According to Igor Kimakovsky, the only road the Ukrainian armed forces could use to leave the city is under Russia’s control

Western nations should take Putin's statement seriously, warns Hungarian PM

Viktor Orban recalled that Russia has "one of the most powerful armies in the world, which boasts the most advanced, most powerful weapons"

Top Russian diplomat to meet with Belarusian counterpart in Brest

Sergey Lavrov plans to meet with his Belarusian counterpart Maxim Ryzhenkov to exchange opinions on key issues of Russian-Belarusian cooperation and the international agenda, as well as on foreign policy coordination at international platforms

Trump seeks to restore peace in entire world — transition team on Putin’s address

Trump’s inauguration will take place on January 20, 2025

Russian air defense deflects attacks with Western missiles — Putin

"As a result, the goals that the enemy apparently set have not been achieved," the Russian leader said

Trump nominates Pam Bondi for US attorney general

Former Florida attorney general is smart and tough, and she "will do a terrific job as Attorney General," US president-elect said

Newly arrived Ukrainian soldiers rob, loot in Kharkov Region’s Kupyansk

According to Lisnyak, local residents report that Ukrainian military personnel are stealing furniture, transformers, construction materials and humanitarian aid remaining in the settlements, and then selling it to private business owners

Soyuz rocket carrying Progress MS-29 cargo spaceship blasts off from Baikonur spaceport

Progress MS-29 will deliver 2,487 metric tons of cargo to the orbital outpost, including fuel, drinking water, compressed nitrogen, various equipment, food and clothing

US decision to allow missile strikes deep into Russia fuels global escalation — Slovak PM

Robert Fico also rejected the belief that this escalation would not impact "those living far away, in Spain, England, or America"

Russia's Oreshnik missile poses significant threat to West, Turkish expert warns

These missiles pose a threat not only to Ukraine but also to the entire Western world, including continental Europe and Great Britain, Abdullah Agar stressed

US makes mistake by destroying INF Treaty — Putin

The Russian leader stressed that the United States made a mistake by unilaterally destroying the Intermediate-Range Nuclear Forces Treaty in 2019 under a far-fetched pretext

Zelensky’s actions make Ukraine vulnerable to coup, says politician

"Democratic institutions in the country have been destroyed, rendering dialogue between the government and the people impossible," Viktor Medvedchuk said

Trump to continue using Ukraine to contain Russia — Valdai program director

"The US continues to benefit from the Ukrainian crisis, regardless of which administration is in power," Andrey Sushentsov said

Ex-German chancellor never expected Russia to tolerate Ukraine’s NATO membership — memoir

Angela Merkel added that another fallacy was the belief that the status "would act as a deterrent," and that Moscow "would accept these developments without taking action"

US forces strike Houthi sites with seaborne missiles — TV

According to Al Arabiya, US warships fired at least four missiles at Houthi-operated facilities in the Al-Matina area around 90 km south of the province’s administrative center

Kiev suffering fiasco on entire front line — aide to DPR head

Igor Kimakovsky said that "if the West is not physically involved in this war, that is, if NATO is not involved, then Ukraine is actually losing"

Washington has no plans of updating nuclear posture after Russia’s test of new missile

"We haven't seen any adjustments that we've observed in their nuclear posture, and we haven't adjusted our nuclear posture in exchange," Department of Defense Deputy Press Secretary Sabrina Singh said

Russian military to warn Ukrainian civilians of future Oreshnik attacks — Kremlin

Earlier, the Russian Armed Forces carried out a precision strike on Ukraine’s Yuzhmash defense industry facility in retaliation for the use of US-and UK-made weapons for strikes on Russia

Russian forces successfully advancing in all areas in special military op zone — Putin

The Russian president said that "all the goals we set for ourselves are being achieved"

US Congressman urges to impeach Biden for allowing strikes deep into Russia

"By authorizing long range missiles to strike inside Russia, Biden is committing an unconstitutional Act of War that endangers the lives of all US citizens," Thomas Massie said

Press review: US lets Kiev use anti-personnel mines and Iran may halt uranium enrichment

Top stories from the Russian press on Thursday, November 21st

Russia to hold informal UN Security Council meeting on unilateral restrictions

It will be held on November 25

Putin's speech shows West that Russia won’t waver, is ready for any scenario — expert

Dmitry Suslov pointed to a crucial message in the President's speech: "Russia firmly believes that the West has moved from a proxy war to a direct war" and that the sides are already "in a state of global conflict"

West launched missiles targeting Russia’s Bryansk, Kursk Regions — Putin

Russian air defenses repulsed all attacks, the Russian president said

Zelensky fine with conflict continuing due to Western help — Slovak PM

Robert Fico pointed out that "more and more evidence show that the West seeks to prolong the war in Ukraine for various reasons"

Weapons supplied to Ukraine cannot reach Russian territory, Spanish defense minister says

The New York Times reported on November 17 that US President Joe Biden had authorized the use of US-supplied ATACMS tactical ballistic missiles for strikes inside Russia

Ukraine was warned about possible missile strike — Pentagon

Department of Defense Deputy Press Secretary Sabrina Singh gave no answer to the question of how could Ukraine prepare for this kind of attack

Zelensky begs ‘for his country to be flattened’ — US journalist

"Ukraine should be forever grateful that President Putin is calm, rational and kind - because Zelensky is practically begging for his country to be flattened," American political commentator Jackson Hinkle said

Press review: Russia fires missile at Ukraine plant and Biden forgives Kiev $4.65 bln debt

Top stories from the Russian press on Friday, November 22nd

Putin warns West that Russia can respond to any turn of events

"There will always be an answer," the president said

Residents of Kupyansk, Kovsharovka in Kharkov Region returning to their homes

People are refusing to go to safer places because of Ukraine's unwillingness to provide basic sanitation for refugees

North Korean leader warns of growing risk of nuclear war — KCNA

Kim Jong Un added that negotiations with the US only confirmed the North Korean view that Washington’s hostile policy remains unchanged

US vote at UNSC rejected chance of stopping 'horrific bloodshed' in Gaza, Russian MFA says

"Once again, a chance to free the hostages, who include Russian nationals, has been missed," the statement reads

German chancellor reiterates decision not to send Taurus missiles to Ukraine

Olaf Scholz stated that only the Social Democratic Party of Germany could maintain a balance between caution and clear support for Ukraine

Oreshnik test aims to persuade West to avoid escalation in Ukraine — media

According to the report, the use of Oreshnik has become "part of a new era of missile warfare"

Biden’s decision to use ATACMS against Russia may 'blow up in America’s face' — US expert

According to Daniel Davis authorizing US long-range weapons to be used against Russia is "foolhardy to the highest order," "especially because there is no military upside for doing so"

Bulgarian politician sees Oreshnik missile strike as wake-up call for peace

"European politicians need to think twice about what they do next, especially since Donald Trump, who will take office in two months, replacing the current White House occupant, has already expressed his commitment to the policy of peace," Krasimir Karakachanov said

Russian ambassador says UK prime minister doesn’t understand situation in Ukraine

Turning to the Labour Party’s domestic policies, Andrey Kelin said Starmer’s plans to spur the economy were "not met with applause by the population

US journalist calls US President Joe Biden’s government 'the fascist state'

Earlier, Tucker Carlson said that Joe Biden's approval of long-range missile strikes by the Ukrainian army deep inside Russia could threaten US people

Russia fires ballistic, non-nuclear-tipped missile at Ukrainian aerospace plant — Putin

According to the president, the missile is code-named Oreshnik, which can roughly be translated as hazel bush

Russia encircles largest Ukrainian fortification in southern DPR — security services

"The enemy positioned in the fortified area in Velikaya Novoselka in the south of the DPR is already trapped in a kill zone," the source said

US administration chooses to escalate Ukraine conflict — Kremlin

Earlier, Putin stressed that the Ukrainian army is unable to fire the latest Western-made long-range missiles on its own without support from NATO satellite feeds and the involvement of the bloc’s military

Kremlin clarifies notification process for Oreshnik missile launch

"An automated warning was sent 30 minutes before the launch," Dmitry Peskov said

Pentagon sees possibility of sending more antipersonnel landmines to Ukraine

Department of Defense Deputy Press Secretary Sabrina Singh gave no direct answer to the question of how Washington was planning to control Kiev’s use of US landmines

Russia not obliged to notify anyone about launch of intermediate-range missile — Kremlin

"No, there have been no notifications, for Russia has no such obligation with regard to intermediate-range missiles," Dmitry Peskov emphasized

Russian embassy warns UK about dangers of calling for Moscow’s ‘defeat’

According to th statement, London is promoting new rounds of escalation

US is now at war with Russia, Ritter says

According to former US intelligence officer Scott Ritter, the United States "is a direct party to the invasion and occupation of Russian soil," because it helped Kiev plan its incursion into the Kursk Region

Ukrainian conflict acquires global elements after strikes with Western missiles — Putin

It is reported that the conflict in Ukraine, provoked by the West, has acquired elements of global nature

Russian troops destroy Ukrainian fortification in LPR’s Makeyevka, strengthen positions

Andrey Marochko noted that the Russian forces' advances along this stretch of the front are facilitated by their control over an earlier seized strategic position, as "the activities of the assault groups are provided with cover," and "the Russian Armed Forces outnumber Ukrainian units"

NATO enters conflict, Russia has every right to attack its targets now — expert

Col. (Ret.) Lawrence Wilkerson confirmed to TASS that the launch of ATACMS missiles would be impossible without "US/NATO satellite feeds and/or personnel"

US, West have no capabilities to intercept new Russian hypersonic missile — expert

"There is more in the Russian arsenal than many believe," said Karin Kneissl, the former Foreign Minister of Austria

Russia uses aerial bombs to destroy Ukrainian positions near DPR’s Konstantinovka — source

According to the report, at least 15 Ukrainian servicemen were killed as a result of the attack

US missile defense base in Poland long among Russian army’s targets — Foreign Ministry

Maria Zakharova stated that the US-NATO construction project, ongoing for nearly a decade with complete disregard to Russian security concerns, has consistently been a focus of Russia's attention

Decision on strikes inside Russia seals US puppet Zelensky’s fate — commentator

The New York Times reported earlier, citing sources, that US President Joe Biden had authorized the use of US-made ATACMS tactical ballistic missiles for strikes inside Russia

Russia’s reaction to Austrian OMV’s failure to pay for gas justified — MFA

The company stated it would seek damages amounting to 230 million euro for failing to receive the contracted volume of gas from the Russian company for delivery to Germany

US, European officials suggest returning nukes to Ukraine — NYT

US officials believe that ramping up weapons supplies to Ukraine is unlikely to change the situation in the combat zone short term, but it may help Kiev strengthen its stance in case a truce is reached

Russia interested in security of Baltic undersea infrastructure — embassy in Denmark

"It is important to ensure a thorough investigation and clarify the reasons why underwater cables in the Baltic Sea are now out of order," embassy said

Japanese lawmaker praises Putin's restraint amid decision to strike deep into Russia

Top EU diplomat Josep Borrell confirmed that the US administration had lifted restrictions for US-supplied missiles to be used for strikes up to 300 kilometers inside Russia

White House not yet ready to speak on causes of Baltic undersea cable ruptures

Two underwater cables were damaged in the Baltic Sea on November 17 and 18

West irrational, fails to understand it cannot intercept Russia's new missiles — Kneissl

The former Austrian foreign minister stressed that she "counted on rational Western decision-makers, but irrationality is unfortunately on the rise among them"

Russia’s re-election to UNCITRAL confirms its global reputation — Foreign Ministry

Russia got the support of 129 countries in a November 20 vote in New York at the 40th plenary session of the UN General Assembly

Russian forces cut off key Ukrainian supply route in Velikaya Novoselka, DPR

According to the security services, Ukrainian troops still have access to several unpaved roads, which are also under Russian fire control

Western countries should 'be afraid, tremble' after Putin's statement — lawmaker

Andrey Kartapolov added that the special military operation in Ukraine "will continue its course until all tasks are completed"

Zelensky to have no input if Russia, US negotiate, ex-Prime Minister says

Previously, Elon Musk said on the X social platform, commenting on Zelensky’s supposition that the United States cannot force Ukraine to "sit and listen" at the negotiating table because Ukraine is an independent country, that Zelensky has an "amazing sense of humor"

Romanian presidential candidate vows to end military aid to Ukraine

It is pointed out that Simion’s popularity has propelled him to number two in the polls after Prime Minister Marcel Ciolacu

Japanese government refrains from commenting on Russia’s latest hypersonic missile

At the same time, Chief Cabinet Secretary Yoshimasa Hayashi once again criticized Russia’s actions in Ukraine

Putin stays open to contacts to reach 'peaceful track' — Kremlin

Russian President Vladimir Putin delivered a televised address to the nation on November 21, announcing that in response to the West’s decision to authorize strategic-depth strikes on Russia, Moscow used its new Oreshnik medium-range hypersonic ballistic missile for the first time

Nuclear escalation of Ukraine conflict unlikely, says ex-French envoy

"In my opinion, as long as Russia has an advantage on the battlefield, and at this point it does, the risk of nuclear escalation is low," Jean de Gliniasty poited out