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

{{newsPoint.title}}

{{newsPoint.title+ ' '}}

{{newsPoint.subtitle}}

RUSSIA'S ECONOMY

Russian PM stresses importance of new budget rule for national economy

The cabinet will define the new budget rule in the coming months

JERICHO, November 11. /TASS/. Russia’s Prime Minister Dmitry Medvedev finds it reasonable and necessary to form the new budget rule. When summing up the results of his visit to Israel and Palestine Medvedev told reporters that the cabinet will define the new budget rule in the coming months.

Read also

Medvedev says new draft budget includes worst scenarios for Russian economy

"We find it reasonable to form this rule and it looks like we should do it. The content of the rule depends on many reasons. In particular, it depends on price for oil, gas and other commodities, on budget revenues and our strategic priorities. I think in the coming months we will decide how to do it," Medvedev said.

He stressed that although the budget rule faced a lot of criticism working under this rule is better than the situation when budget revenues are distributed without this rule.

Budget rule is the mechanism of formation of Russia’s budget. It determines the maximum level of spending on the basis of oil prices. The aim of the rule is to make the budget less dependent on market revenues. The essence of the rule is that additional revenues that are raised from sale of oil and gas should be transferred to the Reserve Fund. Such additional revenues emerge in case when the actual price of oil exceeds the price in the forecast.

Read also

Russian government approves amendments to 2016 budget — minister

After a sharp drop in oil prices in the past year the budget rule actually did not work and its suspension was fixed in the 2016 budget.

Finance Minister Anton Siluanov said earlier that the development of a new budget rule and its approval is the key task of the Finance Ministry in the near future. The Finance Ministry plans to introduce a new budget rule from 2020. This rule is expected to reduce the effect of volatility of commodity markets on the economy of Russia.

Tags

Russia's domestic policy

Eurasian Economic Union

Iran informs Russia about ratification of free trade zone agreement with EAEU

Alexey Overchuk noted that the parties discussed Iran's participation in the Eurasian Economic Union as an observer

Russian 'soldier of the future' combat gear tested in Syria

The Ratnik is a system of advanced protective and communication equipment, weapons and ammunition

No real impulses for organization of Putin-Trump meeting so far — Kremlin spokesman

The Russian leader said during the press conference that he is ready for a conversation with the US president-elect and is ready to meet with him at any moment

Russia declassifies intel about France’s plans to send 2,000 troops to Ukraine

SVR Director Sergey Naryshkin said on March 19 that Paris was already preparing to send some 2,000 troops to Ukraine

Putin calls Oreshnik missile development ‘an historic event’ for space rocket industry

Russian President also said that he had handed down direct instructions to produce and test-fire the Oreshnik hypersonic missile

Lukashenko announces upcoming meeting with Putin and official visit to China

The Belarusian president pointed out that the coming year is expected to be difficult for a number of reasons

Kiev takes out its anger for military defeats on Russian people — diplomat

Foreign Ministry Spokeswoman Maria Zakharova also emphasized that Moscow is outraged by the hypocritical silence of the West and its media on the terrorist attacks in Russia

Situation with gas supplies from Russia to Europe difficult — Kremlin

"You have heard the Ukrainian side’s statement and you know the position of the European countries that continue purchasing Russian gas and that consider it necessary for normal operation of their economy," Dmitry Peskov said

Russia ready to normalize relations with US without detriment to its interests — Putin

The previous generation of Russian politicians chose the course towards the country’s destruction for the sake of joining the so-called civilized world but this was what the West wanted, President Vladimir Putin

Oil supplies to Hungary via Druzhba pipeline resume — top Hungarian diplomat

Reuters reported earlier that oil supplies to Belarus and EU countries via Druzhba had been suspended on December 19 due to technical problems

Ukrainian army launches long-range missiles at Donetsk

Air defenses are in operation, and at least six aerial targets have been shot down

Zelensky actually flips the bird to Trump by insulting Putin, Medvedev says

The politician emphasized that "the president of a major country should be extremely polite and amiable"

CIA station in Kiev targeted in recent Russian attack, military expert reveals

According to Alexander Stepanov, strikes are systematic efforts to gradually wipe out the military capabilities of Ukraine

Response to Ukrainian attack on Russia’s Rylsk to come shortly — Russia’s UN envoy

Vasily Nebenzya warned as he denounced the attack as yet another unambiguous step by the Kiev regime toward escalation

Tehran, Moscow could sign partnership agreement in January 2025 — Iranian MFA

"This will be done at a bilateral meeting in the coming future," Spokesman Esmaeil Baghaei said

Burkina Faso, Mali, Niger take armies to maximum alert — declaration

"The College of national leaders closely follows the deceiving maneuvers, initiated by the French junta, who declares the shutdown of its military bases only to replace them with another, less visible mechanism, which pursues the same neo-colonial goal," says the statement

Burkina Faso, Mali, Niger reaffirm withdrawal from ECOWAS irreversible

"The College of national leaders considers the attempt to prolong the withdrawal of Burkina Faso, Mali and Niger from ECOWAS yet another attempt that would allow the French junta and its lackeys to continue planning and carrying out actions, aimed at destabilization of the Sahel Alliance," says the joint statement

Houthis say attacked US aircraft carrier in Red Sea, shot down US fighter jet

According to the Houthi spokesman, the strike on US vessels was delivered with the use of "eight cruise missiles and 17 drones"

Hungary wants to preserve relations with Russia as part of economic neutrality — Orban

The prime minister underscored that, "the more serious the problems in Europe are, the more decisively the economic relations in all other markets should be promoted"

Kalashnikov improves combat capabilities of Vikhr-1 aviation missile

"I will not comment on that in any further detail, it is our client’s prerogative," Kalashnikov CEO Alan Lushnikov said

West to criticise Fico's visit to Russia, but understands necessity for it — expert

Fyodor Lukyanov emphasized that Robert Fico, just like Hungarian Prime Minister Viktor Orban, who has also visited Russia, is driven by the interests of his country and first of all "is accountable to his own citizens, and not the European Commission"

Ukrainian conflict will end when Kiev’s sponsors see need for peace — Russian diplomat

In a mid-June meeting with senior officials from Russia’s Foreign Ministry, Russian President Vladimir Putin outlined key prerequisites for resolving the situation in Ukraine

Russian troops liberate two communities in Donbass area, Kharkov Region over past day

Russia’s Battlegroup Center inflicts 480 casualties on Ukrainian army over past day

Press review: Who benefits from Russian general's murder as Trump lacks Kremlin strategy

Top stories from the Russian press on Wednesday, December 18th

Envoy blasts Berlin’s move to declare Russian TV reporters security threat as politicized

According to Sergey Nechayev, several other Russian reporters officially accredited by Germany are also encountering issues

Switzerland involved in preparing Ukraine ceasefire talks — Foreign Ministry

According to the ministry, another peace conference is not being considered

Press review: South Korean president impeached as Ukraine turns to foreign mercenaries

Top stories from the Russian press on Monday, December 16th

Ukrainian troops attempt counterattacks on Vasilyevka direction in Zaporozhye Region

According to the report, the Russian troops also improved their positions near Nesteryanka on the Orekhov direction

Soyuz rocket with Resurs-P No. 5 moved to launch pad at Baikonur cosmodrome

R-7 is a family of Soviet and Russian launch vehicles

Ten dead dolphins found in Russia’s Krasnodar region following oil spill

Additionally, mass beaching of Azov Sea harbor porpoises has been reported in Novorossiysk, some 60-70 km (32-42 nautical miles) from Anapa, where the oil spill occurred, Tatyana Belei highlighted

Russia considers launching direct flights with Brazil, Malaysia, Pakistan — Minister

Roman Starovoyt noted that Russia is holding negotiations with many airlines from friendly countries

Putin agrees 'Russian world' now faces war

The Russian leader also agreed with Sergey Mironov, head of the "A Just Russia - For Truth" faction in the Duma, who said that "the birth rate is insufficient, because the matter concerns extinction"

Ukraine may cease to exist by 2034 — Russian security official

Dmitry Medvedev noted that Ukraine will never join NATO

Germany fails to admit its policy of support to Ukraine falters — Russian envoy

"The ambition to impose a ‘strategic defeat’ on Russia has fallen out of favor, even among hardline political figures, given the unfeasibility of such an outcome," Sergey Nechayev said

US Navy cruiser mistakenly downs F/A-18 fighter over Red Sea

According to US Central Command, the incident occurred during airstrikes on Houthi facilities

Ukraine's refusal to transit Russian gas will hit EU economies hard — French expert

According to Jacques Sapir, the decision not to extend transit contracts was no surprise given the political landscape

Russian forces take control of Severny neighborhood in Chasov Yar — Donbass region head

According to Denis Pushilin, Russian forces have been advancing almost along the entire line of engagement in the region

Russian cancer vaccine to be free of charge — top oncologist

It is planned to launch it in general circulation in early 2025

Hungary wants to maintain ties with Russia under its economic neutrality policy — PM

Victor Orban also said that hopes for the development of economic cooperation with the United States after President-elect Donald Trump takes office

Expert calls countries benefiting most from anti-Russia sanctions

"For some post-Soviet countries, the sanctions imposed against Russia served as a strong impetus for economic growth," Alexey Bobrovsky said

Russian forces liberate one more settlement in Donetsk People’s Republic

According to the report, battlegroup Center made Ukraine suffer roughly 610 casualties and lose two tanks in the Donetsk People’s Republic

Aleppo taken by 350 militants while 30,000 gov’t troops retreated without fight — Putin

The Russian president recalled that no Russian land troops had been deployed to Syria, with Russia having only an airbase and a naval base

Syria’s new government wants to build strategic relations with Turkey

Ahmed al-Sharaa also said he will not "tolerate uncontrolled arms trafficking" across the country

Putin, Slovak PM discuss bilateral relations, energy — Kremlin

Dmitry Peskov remarked that Russian-Slovak bilateral relations had significantly deteriorated due to actions taken by the previous Slovak leadership

Putin opens new transport infrastructure sites in Russian regions via video link

Putin also took part in the ceremony of opening international airports in Magadan, Cheboksary, and Stavropol

Putin’s talks with visiting Slovak PM over — Kremlin spokesman

Dmitry Peskov added that it is not planned to issue any joint statements

Group of foreign mercenaries taken out in Velikaya Novosyolka in Donbass region

The military said that a conversation in a foreign language was intercepted by radio intelligence before visual control over the group was established

Kiev to face more destruction after its UAV attack on Kazan, Putin warns

"We will not only restore the damage that some attempt to cause to us but will also move forward even at a faster pace as we are doing now," Russian President said

Taiwan to set up drone testing facility for global market

According to the Industrial Development Administration, the Ukrainian conflict made the whole world pay more attention to how drones were used in military scenarios, which created "a lot of opportunities for Taiwan"

50,000-year-old mammoth calf carcass revealed in Yakutsk

The mammoth calf is female, with a shoulder height of 120 cm and a total weight of approximately 180 kg

Air raid alert issued in six Ukrainian regions

Earlier, an air raid alert was declared in the Kiev, Sumy and Chernigov Regions

Ukraine’s General Staff admits tense situation along entire frontline

The Ukrainian military also admitted the Russian army’s supremacy in terms of military equipment and the size of personnel

Topic of Russian gas transit expected to be discussed by Putin, Slovak PM

"We’d better wait for the meeting to end to learn what they discussed," he Dmitry Peskov said

Assad allegedly hands list of military targets over to Israel before leaving Syria — media

According to the Turkish newspaper, the former Syrian president did it to ensure his own safety

Serbia will never joint anti-Russian sanctions, deputy prime minister vows

Aleksandar Vulin noted that he is "not optimistic about prospects for the United States changing its policy toward Serbia" after the inauguration of President-elect Donald Trump

Russian drone operators use air ramming to down 4 Ukrainian copters in Kharkov Region

UAV operators of the battle group North continue to be on round-the-clock duty in the sky over Kharkov Region and identify reconnaissance and strike drones of the Ukrainian militants

Press review: Kiev escalates attacks as payments ease for Russian raw material buyers

Top stories from the Russian press on Monday, December 23rd

Oreshnik’s launch is sudden, undetectable by satellites — analyst

The range of the Oreshnik system is up to 5,500 kilometers

Ukraine shells city hosting Zaporozhye NPP — politician

No reports of casualties and damage have come in yet

Ukraine launches over 18 strikes on Russia’s Belgorod Region in past day

Governor Vyacheslav Gladkov said that the Borisovsky district was attacked by a UAV, with the roof of a private house being damaged

Trump appoints TV producer Burnett as special envoy to UK

The new special envoy will be in charge of trade and investment issues, as well as the cultural exchange between the two countries

PREVIEW: Putin expected to unveil several transport facilities

According to Kremlin Spokesman Dmitry Peskov, Putin has several closed-door meetings slated for December 22

Damage to Portuguese Embassy in Kiev caused by Ukrainian air defense — Russian diplomats

Reporters are ramping up Russophobia, distorting the facts while writing on this matter, the Russian Embassy in Portugal said

Kiev’s shelling kills 61 civilians in Russia-controlled part of Kharkov Region in 2024

According to the report, 35 civilians suffered injuries

Strike on SBU control center response to Russian general’s assassination, expert says

The ministry clarified that Ukraine launched a missile strike against the Kamensky Integrated Plant in the Rostov Region using six US-made ATACMS missiles and four Storm Shadow cruise missiles

Ukrainian troops struggling to escape being trapped in Lozovaya in Kharkov region — expert

In general, "quite active hostilities" are taking place near Dvurechnaya and Lozovaya in the Kupyansk sector of the line of engagement, Andrey Marochko noted

Deployment of Moldovan troops to Transnistria to violate settlement accords — expert

On April 15, 2013, two explosions, with 12 seconds in between, happened in Boston’s downtown, near the finish line of the traditional marathon

Greenland's parliament reminds Trump that island not for sale

However, Greenlandic MP Aaja Chemnitz is not averse to enhanced cooperation with the US

Russia no threat to Finland, Sweden, but ready to counter threats from them — diplomat

Addressing a news conference after the BRICS summit in Kazan earlier this year, Russian President Vladimir Putin accused the West of seeking to expand unfairly and warned that Russia would spare no effort to reverse the situation

Moldovan authorities say they are committed to peaceful solution to Transnistrian problem

Moldova’s leadership "has repeatedly expressed its readiness to work with all dialogue partners to reduce potential risks and mitigate problems that may affect people and the regional economy"

Trump nominates billionaire Feinberg as US Deputy Secretary of Defense

The president-elect called Feinberg an "extremely successful businessman"

Moldovan president plans military operation in Transnistria — Russian intel agency

According to the SVR, Maia Sandu recently convened a meeting on energy security issues with senior government officials

Georgian president demands appointing snap elections within week

Salome Zourabichvili also promised to announce her further plans on Monday

Press review: Putin outlines Russia's future goals and Tehran faces energy blackout riots

Top stories from the Russian press on Friday, December 20th

Top Turkish diplomat calls for listing anti-Syrian sanctions

According to Hakan Fidan, during his contacts with al-Sharaa he "saw the Syrian leadership’s strong will and commitment in this area,"

Proposal to duel with West response to claims of Oreshnik missile vulnerability — Kremlin

Kremlin Spokesman Dmitry Peskov noted that Russian President Vladimir Putin thus meant that the Oreshnik missile is a generation ahead of all existing weapons, while not being a nuclear weapon itself

Explosion rocks premises of former plant in Russia’s Abakan, killing two

Regional head Valentin Konovalov said that the explosion occurred due to safety violations

Kiev considers negotiations with Russia inevitable, Ukrainian official says

At the same time, Sergey Leshchenko clarified that "there will be no repeat of Minsk or Istanbul agreements," meaning there would be no agreements resembling the Minsk accords of 2015 or the Istanbul talks of spring 2022

Is Gaddafi's gloom prophecy in regard to Europe bound to be fulfilled?

As Europe’s migrant crisis grows far and wide, many Russian media are recalling the late Libyan leader Muamar Gaddafi’s gloom prophecy made several months before his violent death

Latest nuclear-powered sub Arkhangelsk to join Russian Navy by yearend

The Arkhangelsk submarine was rolled out from the slipway of the Sevmash Shipyard on November 29, 2023 for completing its construction afloat

First batch of nuclear-armed drones Poseidon manufactured for special-purpose sub Belgorod

According to the source, various trials of core components of Poseidon underwater drones, including the nuclear power

Gazprom to replace European sales market with new export destinations, says Italian expert

Demostenes Floros also drew attention to the growing potential of the ever-expanding domestic market and mentioned new ways of using natural gas in the future - for example, for the production of hydrogen and ammonia, necessary for the energy transition and agriculture (in production of fertilizers)

Slovak PM thanks Putin in Russian for meeting with him

This was Putin’s first personal meeting with Fico since 2016

IN BRIEF: What is known about blast at former plant in Russia’s Khakassia Region

According to the latest data, two people were killed

Russia starts humanitarian electricity supplies to Abkhazia — minister

Abkhazia’s state-run energy company Chernomorenergo said that there will be just two two-hour shutdowns

Fico’s visit to Russia perfect slap in Zelensky’s face, Slovak politician says

The MEP said that Fico stands for Slovak interests in Russia, "even in spite of the warmongers in Brussels"

Over 10,000 people eliminate consequences of tanker accident

The operation involves 366 units of equipment, including 270 items of special equipment actively utilized on the site of work to eliminate the oil spill

Putin holding talks with visiting Slovak PM

According to Putin’s press secretary, the meeting is being held one-on-one

Baltic states threaten mass deportation of Russians, take lead in Russophobia — statement

The Foreign Ministry noted that the facts of discrimination and persecution of Russians are often ignored by the official leadership of countries and international human rights agencies, leading many victims to remain silent

An-2 plane missing in Kamchatka located, survivors found — regional emergencies ministry

According to the press service of the regional Emergencies Ministry, all three people onboard the plane survived the emergency landing

Jet fire reported at drill hole in Russia’s Orenburg Region

According to the statement, there are no casualties

IN BRIEF: What is known about drone attack on residential buildings in Kazan

TASS has gathered the main information about the incident

Senior Russian MP hopes that Trump really wants peace in Ukraine

"Such an achievement would serve his interests as the incoming US president," Leonid Slutsky noted

Trump wants to rename North America's tallest mountain Denali

Denali, standing at 6,168 meters, was once considered the highest point of the Russian Empire before the territory was sold to the United States

Berlin’s any aggressive action will not remain unanswered — Russian ambassador

"This concerns both the potential use of Taurus and plans for stationing US mid-range and short-range missiles on German soil," Sergey Nechayev stressed

NATO spies study damage from Oreshnik at Yuzhmash — expert

Alexander Stepanov emphasized that both Kiev and its Western allies are closely scrutinizing the consequences of the strike on the plant

Drone attack triggers fire at fuel infrastructure facility in Russia’s Oryol Region

Currently, the Oryol Region is yet again under a massive enemy UAV attack

Germany does not keep substantive contacts with Russia on Nord Stream case — envoy

"How much longer it will last remains to be seen," Sergey Nechaev noted

Putin to extend New Year greetings to peoples of several unfriendly countries — Kremlin

The Russian president will not congratulate leaders of unfriendly countries, but he will congratulate some individuals and people of several ones, Kremlin Spokesman Dmitry Peskov said

Contracts worth over $286 million signed at Vietnam Defense Expo 2024

The exhibition attracted more than 260,000 visitors, while more than 1,800 bilateral meetings and negotiations were held on the sidelines

Trump’s election victory changed Western approach to Ukrainian conflict, adviser says

According to Mike Waltz, Trump has made it clear that the war must end