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RUSSIA'S ECONOMY

Former Russian banker detained in Monaco over $ 8.8 mln fraud

The Russian Interior Ministry confirmed the detention

Vladimir Gudkov Mikhail Metzel/TASS

Vladimir Gudkov

© Mikhail Metzel/TASS

MOSCOW, January 18. /TASS/. Former Investtorgbank management board chairman Vladimir Gudkov has been detained in Monaco on fraud charges, a law enforcement source told TASS.

"Former Investtorgbank management board chairman and shareholder Vladimir Gudkov has been detained in Monaco," the official said, specifying that the detainee is charged with large-scale fraud.

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The Russian Interior Ministry’s Main Directorate for Moscow confirmed the detention, but did not specify the banker’s name. "The former management board chairman and shareholder of a financial institution charged with large-scale fraud by the Central Investigation Department of the Russian Interior Ministry’s Main Directorate for Moscow was detained by law enforcement agencies of the Principality of Monaco. The issue of his extradition to Russia is currently pending," a police official said.

According to the police official, the banker and his accomplices organized the conclusion of a mortgage purchase agreement between the bank and an organization that provides broker services on mortgage operations, having transferred 500 mln rubles ($8.8 mln) as prepayment from the bank’s operating account to the contractor’s account. "In order to cover the illegal act the perpetrators transferred the specified funds in payment over two earlier concluded agreements on the purchase and sale of promissory notes from the broker company’s account to a fictitious issuing organization’s account. The investigation into the criminal case established the involvement of the defendants in several similar acts. Moscow police launched a criminal case based on these facts under Article 159 of the Russian Criminal Code ("Fraud")," the police official added, noting that the police had earlier put the bank’s head on the international wanted list and issued an arrest warrant for him.

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By 12:50 p.m. Moscow time (09:50 a.m. GMT), the yuan had slowed down growth to 0.61% trading at 13.904 rubles

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

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US sees no preconditions for Russia to use nuclear weapons — news agency

According to the report, the updated nuclear doctrine did not come as a surprise for Washington

Rubicon center drones hit Ukrainian equipment in Russia's Kursk Region

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Six European countries accuse Russia of allegedly attacking security architecture

"Moscow's escalating hybrid activities against NATO and EU countries are unprecedented in their variety and scale," the statement reads

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

Russia monitors situation in Kursk Region after reports of ATACMS missiles — Kremlin

Dmitry Peskov pointed out that "it is hardly possible to be guided by the reports of a TV channel"

West’s decision on missile strikes gives Russia free hand to attack NATO bases — expert

According to Dmitry Suslov, retaliatory measures may include the handover of more advanced weapons to the forces "that are directly fighting against the US, particularly, in the Middle East"

Trump may soon start talks with Russia following Biden’s decision on ATACMS — news agency

According to Andreas Kluth, the decision on ATACMS may have been another attempt by the current Washington administration to provide Ukraine with support until the president-elect comes to power

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

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World Aquatics withdraws ban on participation of Russian athletes in relay races

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Putin previously warned about Kiev's attempts to blow up TurkStream pipeline — Kremlin

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US strategic forces ready for Biden-Trump transition — Pentagon

"The nuclear forces is ready on January 19, just like it will be ready on January, 20," Rear Admiral Thomas Buchanan said

Russia’s special military operation to continue — Kremlin

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Netanyahu arrives in Gaza, offers $5 mln for each released hostage

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Ukraine, not Russia, posing a threat to the Baltic region — Kremlin

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Freezing Ukrainian conflict unacceptable for Russia, says Kremlin

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The Turkish leader reiterated that "both Russia and Ukraine are Turkey’s neighbors"

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

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Iran claims to have disabled Israel’s Iron Dome air defense in past strikes

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Putin’s Q&A session and press conference to be held on one of December Thursdays — Kremlin

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Pentagon confirms that US authorized use of antipersonnel landmines in Ukraine

Ukrainian side had committed to not using the mines in areas populated by civilians

Humanitarian situation in Gorlovka harsh as Ukraine targets key infrastructure — DPR head

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Kremlin condemns report on Storm Shadow missile use against Russian targets as escalation

Dmitry Peskov chose not to respond to a question about whether Russia has proof that UK-made Storm Shadow missiles had been used against it

Ukraine’s former top commander sought to blow up Turkish Stream pipeline, report says

According to the media, Valery Zaluzhny was so thrilled when he learned of plans to sabotage the submarine Nord Stream pipelines across the Baltic Sea that he sought to expand that operation

Japanese lawmaker urges global condemnation of decision on missile strikes on Russia

Muneo Suzuki described Joe Biden’s decision as "dangerous and provocative"

Gallup poll shows sharp decline in Ukrainian support for American policies

The number of people who oppose what the US authorities are doing has risen by 21% and now stands at 37%

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"

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"

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"

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

Defeating Ukrainian forces near Olgovskaya wood, enemy losses: situation in Kursk Region

The Russian Armed Forces have completed the destruction of a Ukrainian battlegroup blocked in the area of the Olgovskaya wood

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"

Elon Musk denies his impact on Trump’s decisions on nominates for cabinet positions

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Russia counts on West's responsibility in nuclear deterrence issues — Kremlin

Earlier, Russian President Vladimir Putin decreed to update the country’s nuclear doctrine, the Basic Principles of the State Policy of the Russian Federation on Nuclear Deterrence

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

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The last Direct Line Q&A session and year-end press conference was held on December 14, 2023

Indonesia accepts invitation to become partner state in BRICS, ambassador announces

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The United States continues to modernize its nuclear triad, Lin Jian noted

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Sergey Naryshkin observed that the military and political elites in the West are increasingly recognizing the gravity of Russia's intentions and the need for greater caution in their actions

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Daniel Davis also noted that "continuing to ignore reality" would only increase "the ultimate cost of losing" the conflict for Ukraine

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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"

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The likelihood of a direct armed conflict with NATO is increasing because some individuals in the alliance are ready to raise the stakes ahead of Trump’s inauguration, Andrey Bystritsky emphasized

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Moscow, Minsk in constant contact on potential threats to Belarus — Kremlin

"We have obligations to ensure the security of our ally Belarus within the framework of the Union State, and these obligations are enshrined in the recently published Basic Principles of the State Policy of the Russian Federation on Nuclear Deterrence," Dmitry Peskov pointed out

US takes responsibility for Palestinian deaths by vetoing UNSC resolution — Russian envoy

Vasily Nebenzya noted that Russia has no doubt that "the Israelis themselves are also interested in ending the spiral of violence"

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Xi Jinping calls for unification of more voices for peace in Ukraine

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Moscow’s response to strikes with Western arms on Russian soil to be felt — diplomat

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

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Railroad development to strengthen ties with foreign partners — Russian PM

Mikhail Mishustin added that "it is necessary to modernize border crossings in coming years, including introduction of practice of electronic paperwork"

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"

Zelensky admits Ukraine can't fight its way back to 1991 borders

Vladimir Zelensky also talked about the Crimean Peninsula, stating that Kiev is ready to "bring Crimea back diplomatically"

Russian army traps Ukrainian troops in Chasov Yar — intelligence center

The official reported that fighters from the 98th Airborne Division were engaged in fierce battles

Canada neglects its sovereignty by approving transfer of land mines to Kiev — diplomat

According to Oleg Stepanov, since the authorities of the country have long acted, "especially in security matters, according to the rule 'what Uncle Sam says, so Ottawa will do' and don’t blush about this."

Russian Navy’s conventional sub makes business call at Malaysian port

It is reported that upon the completion of the friendly visit, the Russian and Malaysian Navies are set to conduct the PASSEX joint drills in the South China Sea

Russian forces strike ammo plant in Ukraine’s Sumy Region in drone attack

The Impulse plant is Ukraine’s sole enterprise producing explosive devices: detonation primers, electric detonators, detonating cords, cartridges and ammunition for automatic and under-barrel grenade launchers

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

The Belarusian leader noted that they want to go to Warsaw

German defense minister says Ukraine reached parity in shells with Russia

Boris Pistorius noted that just a few months ago, Russia held an advantage in artillery shell stocks

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

Russian forces gain foothold in central Chasov Yar in DPR — expert

While Ukrainian commanders have been making every effort to stabilize the situation in Chasov Yar, Kiev does not have enough soldiers, weapons or military hardware for that, Andrey Marochko said

US uses veto right to block new UN Security Council draft resolution on ceasefire in Gaza

The resolution was drafted by ten non-permanent members of the Security Council and consists of nine paragraphs, the first of which calls for an immediate, unconditional and permanent ceasefire respected by all parties

Russian troops raise flag in central Kurakhovo in Donetsk region — politician

Russian army units have advanced much farther into the city’s northern part, in particular, along the southern bank of the Kurakhovo reservoir, Vladimir Rogov specified

Bitcoin price exceeds $96,000, sets new historical record — Binance platform

Experts previously told TASS that Bitcoin could easily reach the $100,000 mark in the coming days and continue to grow further - up to $300,000 in the current growth phase

Russian forces dislodge Ukrainian troops from half of positions in Kurakhovo in DPR

The Ukrainian military is attempting to move reserves to the city’s western outskirts as shown by data-recording equipment, the source said

Ukrainian losses, captives, aid to civilians: situation in Kursk Region

Russian tactical and operational/tactical aircraft, missile forces hit enemy manpower and equipment in the Kursk and Sumy regions, the Defense Ministry reported

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

Ex-UK Labor party leader wants PM to clarify situation with Storm Shadow missiles

Jeremy Corbyn called for de-escalation of the situationin Ukraine and the search for a diplomatic solution to achieve peace

Press review: Russian air defenses can down Western missiles as EU conducts live exercise

Top stories from the Russian press on Tuesday, November 19th

US decision on strikes inside Russia stems from malice rather than strategy — journalist

According to Sumantra Maitra, Washington’s move will not improve Kiev’s situation

Russia’s revised nuclear doctrine makes defeat over its army impossible — SVR chief

According to the latest version of the document, the core principle is that nuclear weapons are a last resort to ensure the protection of the country’s sovereignty

Putin ready for talks on Ukraine, including with Trump — Kremlin

The Russian president has repeatedly affirmed Moscow's readiness for negotiations on Ukraine, however, such talks have been legally prohibited by the Kiev regime

NATO supports Ukraine not out of charity but for its own strategic interests — deputy head

Boris Ruge argued that NATO now has hundreds of thousands of troops that could be deployed to the alliance's eastern flank or elsewhere within ten days

Russia to use revenues from frozen assets of Western investors — Finance Minister

Tit-for-tat measures will be implemented after receiving information about unfriendly actions of Western countries, Anton Siluanov noted

Belarusian TV to air documentary film about foreign mlitary invasion plan

Tonight, the film, titled "Demons: How They Want to Take Over Belarus," will be debuted, based on the findings of investigative journalists

Trump to rely on forces that brought him to power — Russian presidential aide

Nikolay Patrushev agreed that Trump, when he was still a candidate, "made many statements critical of the destructive foreign and domestic policies pursued by the current administration"

Ukraine conflict moves towards NATO-Russia direct clash — expert

Commenting on Ukraine's long-range missile strikes on Russian territory, Elena Basile remarked, "US President Joe Biden has decided to make the task of resolving the Ukraine conflict even more difficult for his successor"

Official declines to say if US gives Ukraine targeting data for Storm Shadow missiles

US State Department Spokesman Matthew Miller also declined to discuss the presumed first strike on Russia with the missiles

Ukraine has around 50 ATACMS missiles — The Times

According to the report, the Ukrainian military has sufficient launchers that are capable of firing them

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

No Western sanctions to limit Russia’s foreign trade — minister

All restrictions that Western countries impose affect themselves in the first place, Russian Finance Minister Anton Siluanov added

US Senate refuses to block arms supplies to Israel

More than 60 out of 100 senators voted against the three corresponding resolutions, while 17 legislators supported them

Biden’s actions increase likelihood of escalation in Ukraine — PM

Viktor Orban asserted that the government’s mission is to prevent Hungary from being dragged into the Ukrainian conflict

Moscow-Washington hotline not in use now — Kremlin spokesman

Dmitry Peskov added that there have been no contacts via this new channel lately

Putin orders protection of critical infrastructure, including Crimean Bridge — Kremlin

Kiev has not accepted the legitimate results of the 2014 referendum, in which the people of Crimea and Sevastopol voted to become part of Russia, and is displeased by the operation of the Crimean Bridge, which connects the Kerch Strait with the Krasnodar Region

Russian forces push Ukrainian troops 10 km away from Lisichansk in LPR — expert

Russian troops have taken new lines and positions northwest of Zolotaryoka as a result of successful operations

Trump's new presidency will be fundamentally different from his first — expert in the US

"It is therefore reasonable to expect him to govern for the next four years in a more emboldened, assertive way, and many of his outsider cabinet picks are indicative of precisely that kind of approach," the analyst believes

Israel could annex West Bank in two weeks, journalist Hersh says

US State Department Deputy Spokesperson Vedant Patel told reporters last week that statements by Israeli Finance Minister Bezalel Smotrich about preparations for a possible annexation of parts of the West Bank in 2025 run counter to the two-state solution and are not conducive to peace

At least 66 people killed in Gaza Strip by an Israeli strike — Al Jazeera

It was also reported that over 100 people were wounded