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RUSSIA'S ECONOMY

Updated at:

Fitch affirms Russia at ‘BBB-’ with Positive Outlook

The agency expects Russia's GDP to grow at a rate of about 2% in 2018-2019

TASS, February 24. Fitch Ratings has confirmed Russia’s ratings at ‘BBB-’ with Positive Outlook, the agency said in a statement.

"Fitch Ratings has affirmed Russia's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BBB-' with Positive Outlook," the statement says.

Fitch explained its decision by Russia’s strong sovereign balance sheet, as well as robust external finances and an improved policy framework. All these factors, according to the agency, balance against Russia’s weaker macroeconomic performance, geopolitical tensions and structural weaknesses which include commodity dependence and governance risks.

Fitch noted that the Russian federal budget deficit narrowed to 1.5% of GDP in 2017, less than half the 2016 outturn and well below the 'BBB' median.

The agency expects GDP growth to average 2% in 2018-2019 on the back of reduced uncertainty, easing of monetary policy and stable oil prices. "This compares with a median growth rate of 3.1% for the 'BBB' category," Fitch said in the release.

Gazprom posts net loss under IFRS for 2023 amounting to $6.8 bln

The group’s EBITDA amounted to $19 bln in 2023 against $44.9 bln in the previous year

Chinese diplomat comments on Blinken’s warning on support to Russia

Chinese Foreign Ministry Spokesperson Lin Jian pointed out that the US was supplying Ukraine with arms and ammunition and at the same time making unfounded accusations regarding trade between China and Russia

US’ anti-Russia sanctions cast doubts on its constructive role in world — diplomat

The United States is seeking "to intimidate Russia’s partners, including China, to block the channels of normal foreign trade cooperation", Anatoly Antonov said

Russia to continue cooperating with other countries mitigating sanctions-related risks

Russia plans to continue cooperation with other countries, and concurrently "mitigate risks related to such unfriendly, or rather hostile manifestations," Dmitry Peskov noted

Death toll in China highway collapse climbs

At least 24 people were killed

OSCE leadership ignores Odessa tragedy — Russian mission to OSCE

According to Maxim Buyakevich, there is no pressure on Kiev to investigate what happened

Donetsk official says Ukrainian troops left positions near Arkhangelskoye

Igor Kimakovsky also said Ukrainian troops suffered heavy losses at this section of the front

Russian missile cruiser Varyag enters Mediterranean Sea

The ship's crew continues to fulfill the mission it was given for the long-range voyage

Truck runs over 29 children in Kyrgyzstan

According to preliminary information, the hit-and-run on a group of schoolchildren was unintentional

Colombia to sever diplomatic relations with Israel on May 2 — president

The Colombian government is radicalized against Israel, but at the same time it has not condemned the Palestinian Hamas movement for its attacks

Holy Fire from Jerusalem to be delivered to Moscow on Orthodox Great Saturday

The Foundation’s delegation will bring the Holy Light to the Christ the Savior Cathedral during the Patriarch’s Easter service

Russia not invited to Ukraine conference 'at this stage' — Swiss MFA

It is reported that Switzerland is convinced that Russia must be involved in this process as "a peace process without Russia is unthinkable"

Ukraine talks without Russia's participation not aimed at result — Kremlin

Dmitry Peskov pointed out that Russia's position on the peace talks is well known

Protesters in Tbilisi toss smoke grenade into parliament building’s window

Currently, the situation around the parliament building is relatively calm, with the square in from of the building being empty

US Congress passes bill to ban enriched uranium imports from Russia

It now needs to be signed by US President Joe Biden

Russia opposes idea to pass resolution on Srebrenica at UNGA — Russia’s UN envoy

"The draft UNGA resolution as nothing to do with the stated goal of commemorating the victims of the 1995 tragedy", Vasily Nebenzya said

Conflict in Ukraine may develop into nuclear war, top Hungarian diplomat warns

Hungarian Foreign Minister Peter Szijjarto recalled that after the outbreak of the conflict western politicians promised to supply the Ukrainian army only with helmets and blankets, then came weapons, tanks, warplanes

West plans to give Kiev not only F-16s, but also weapons for them — Pentagon

"It’s not only the airplanes, but also the training of the pilots, training of the maintenance and also making sure we have the weapon systems to go with it," US Joint Chiefs of Staff Chairman General Charles Brown said

Over 30 protesters against delimitation detained on Armenia-Azerbaijan border

The protest continues as another group of demonstrators is blocking a section of a highway connecting Armenia and Georgia near Kirants

China holds objective, fair position on Ukraine — embassy to US

Liu Pengyu said that China had "never provided lethal weapons or equipment to any party"

Russia holds rehearsal of Victory Day air parade over Moscow

Two groups of aircraft, namely, a flight of Su-27 fighter jets, and Su-25 close support aircraft flew over Moscow’s Red Square, releasing fumes in the colors of the Russian national flag

RosGeo posts $63 mln net loss under IFRS for 2023

Revenue fell by 3% to $272 mln

Musk says Ukraine should have reached agreement with Russia in Istanbul

Musk responded that he saw eye to eye with billionaire David Sacks, who said on the social network X that Kiev probably should have agreed to a deal in Istanbul

Wounded Ukrainian soldiers have to pay ambulances to take them to hospital — US expert

The ex-Pentagon adviser Douglas Macgregor also noted the continued Russian advance on the front line

Global Russia Manufacturing PMI down to 54.3 points in April — S&P Global

According to the study, higher raw material and transportation costs led to a faster rise in input prices

Georgia’s riot police fire rubber bullets at protesters near parliament building

At least one person was injured

US fails to shoot down Iranian missiles, drones in strike on Israel — IRGC general

Ali Belali described Iranian weapons as "an important factor of strength and the exercise of power in the world"

Russian forces strike Ukraine’s Operational Command South headquarters

The enemy’s troops and military hardware had been hit in 112 districts

West attempts to bury Odessa tragedy — Russian diplomat

Russian Foreign Ministry's special envoy for the crimes of the Kiev regime Rodion Miroshnik noted that the regime of Ukrainian President Vladimir Zelensky will not conduct this investigation

NATO proposes $100 bln aid fund for Ukraine — top Hungarian diplomat

"In the coming weeks, during the negotiations, we will fight for Hungary’s right to stay away from this madness, from collecting these 100 billion dollars and pumping them out of Europe," Peter Szijjarto said

Unaware of decline of its military industry US gets trapped in Ukraine — French historian

Emmanuel Todd believes that "one of Washington's goals is to prevent a rapprochement between Russia and Germany"

West bears responsibility for Afghanistan’s plight — Russian delegation

As the Russian delegation’s spokesman emphasized, "the determination of the Afghan authorities to correct the human rights situation in the country as a whole deserves support"

Kalashnikov ups firearms output 9% in first quarter

The company also upped civilian output 50% in the first quarter

Protesters in Tbilisi tear Russian flag

At first, protesters flocking around the staff entrance to the parliament building put the flag on the building’s gate and attempted to set it on fire, a TASS correspondent reported

Russian defense ministry reports losses among Russian troops during special operation

Konashenkov also said that several Russian soldiers have been taken prisoner

Press review: China to weather US storm and ATACMS not 'wonder weapons'

Top stories from the Russian press on Saturday, April 27th

Ukrainian troops use over 10 drones in 24 hours to attack borderline Belgorod Region

There were no injuries, five private residences, two cars and two sheds were damaged

Much to be done for recognition of Kiev regime's crimes as genocide — Kremlin

"There are already quite a few results, but some hard work in this area is still ahead," Dmitry Peskov emphasized

Press review: US to ban Russian uranium and Georgia pushes ahead with controversial bill

Top stories from the Russian press on Thursday, May 2nd

Police using tear gas against protesters in Tbilisi

Police are trying to push the protesters off the building

Snowden says shot down UFOs meant to divert attention from Nord Stream sabotage

According to him, "it’s just the old engineered panic" to ensure that national security reporters "get assigned to investigate balloon" nonsense "rather than budgets or bombings"

Voting on foreign agents law in third reading due in two weeks — Georgian PM

"In two weeks from now we will have the third reading. After that in a month, in four weeks’ time, a procedure to override the veto will follow," Kobakhidze said

Ukraine joining EU impossible while fighting continues — European Commission ex-head

Jose Manuel Barroso pointed out that setting specific conditions for some countries joining the EU is not a good idea, as it "could lead to disappointment"

Exhibition of captured NATO military hardware kicks off in Moscow

In all, there are 32 items

Zelenodolsk shipyard to float missile, patrol ships on May 7

Project 22800 ships with Kalibr missiles are brown-water multirole missile-artillery boats designed to destroy surface warships and boats and repel air attacks

Kremlin spokesman says Zelensky’s fate is sealed

The comment concerns both the fate of Zelensky and the outcome of the Russian special military operation

Police detain 63 people at protest rally in Georgian capital

Six operatives of the Interior Ministry sustained various serious injuries

US authorizes energy-related transactions with Russian banks until November 1

According to the document, the banks in question include the Central Bank of Russia, VTB, Alfa Bank, Sberbank, Vneshekonombank, Otkrytiye, Sovkombank, Rosbank, Zenit and Sankt-Peterburg

US court sentences Binance founder to four months in prison — Bloomberg

A judge handed down a much lighter sentence than the three years sought by the prosecution, the agency reported

Russian Defense Minister attends meeting on special military operation

Russian Defense Minister Sergey Shoigu gave instructions to take measures to reduce the maintenance and repair time for military hardware, increasing supplies of spare parts in combat zones and support areas

Russian troops liberate Berdychi community in DPR over past day — top brass

Russian troops inflicted casualties on four Ukrainian army brigades in the Kherson area over the past day, the ministry reported

Serbia sees China as reliable ally — candidate for premiership

Vucevic expressed the certainty that the Chinese President Xi Jinping’s upcoming visit to Belgrade "will mark a new stage in the development of the firm friendship between Serbia and China"

Zelensky cannot be legitimate president after May 21 — Medvedchuk

"Ukraine has already lost its statehood," leader of the Other Ukraine movement said

Zelensky’s gang must be severely punished — Medvedchuk

The ukrainian president, "his closest mates, their accomplices and those who committed crimes against civilians" should receive just punishment no matter which country they may be staying, leader of the Other Ukraine movement said

Russian flag hoisted over northern outskirts of Rabotino in Zaporozhye — politician

Rogov remarked that there were no houses left in the village now, for which reason it made no sense to fortify positions there

US embassy in Georgia supports protests against foreign agent law

Anti-government protests have been cropping up sporadically in the Georgian capital since April 15, when the ruling Georgian Dream-Democratic Georgia party started discussing the bill on the Transparency of Foreign Influence

Latvia must name countries that allow Ukraine to hit Russia — MFA

In this way Spokeswoman Maria Zakharova commented on a statement by the Latvian Foreign Ministry that Kiev had already received from some partners Western weapons with permission to use them for strikes on Russian territory

Russian government approves list of unfriendly countries

There are two countries on the list

Iran used Ghadr, Emad and Kheibar missiles to strike Israel, IRGC general says

It is reported that the US believes Iran has the largest ballistic missile force in the Middle East. Iran insists that its missile program is solely for defensive purposes

US military aid unlikely to help Ukraine unless Kiev mobilizes more troops, expert says

According to senior research fellow at the London-based Royal United Services Institute Jack Watling, the US "aid package alone will not solve Ukraine’s larger problems" on the frontline

Georgian parliament cancels plenary session after protesters storm building

On Wednesday, Georgia’s parliament passed the second reading of the bill "On the Transparency of Foreign Influence," which had been opposed by President Salome Zourabichvili, the opposition and Western diplomats

Syria introduces electronic visas — embassy

Syrian diplomats explained to TASS that a relevant platform will issue visas online, obliterating the need to visit an embassy or a consulate

Tucker Carlson interviews Russian philosopher Dugin

The interview lasted over 20 minutes

Iran sanctions UK Defense Secretary for supporting Israel's actions — MFA

The ministry notes that Tehran introduces the sanctions against London "on a reciprocal basis"

Mexico buys 30 Sukhoi Superjet 100 aircraft from Russia — ambassador

According to the Ministry of Economy of Mexico, in 2014 the volume of trade between Mexico and Russia amounted to $1.78 billion

Russia’s Battlegroup East improves positions in DPR, hits roughly 100 Ukrainian troops

Ukrainians lost two pickup trucks and two US-made 155mm M777 howitzers

Ukraine’s military command throws soldiers into battle without training, says POW

The POW said that the Ukrainian army was experiencing a shortage of personnel

Hamas to release Israeli soldiers, hostages under deal with Jerusalem — TV

The document provides for three phases, each of which will last about 40 days

Russian air defense forces block Ukrainian attempt to use ATACMS on Crimea — politician

The Ukrainians used several ATACMS ballistic missiles in an attempt to attack civilians on the peninsula

Putin to talk global security issues on visit to China — Kremlin

"Both international and regional security issues will be mentioned and touched upon one way or another," Dmitry Peskov said

Russia calls for investigating mass graves in Gaza — Russian diplomat

"An independent international investigation in needed to bring the criminals to responsibility," Vasily Nebenzya said

Riot police detaining protesters near parliament building in Tbilisi

Several dozens of protesters are still staying in front of the parliament building, a TASS correspondent reported

Odessa to break free from extremist grip — Russian diplomat

Maria Zakharova expressed confidence that rightful punishment would sooner or later come to those who committed what she said was a "barbaric crime that has no statute of limitations"

Range of Russian EMP weapons increased to 10 km — sources

Фn electromagnetic pulse lasts a fraction of a second and reaches the target almost immediately, travelling with the speed of light

Medvedev vows Moscow's response to US law on seizing Russia's frozen assets will sting

The Russian Security Council deputy chairman suggested enacting legislation to allow Russia to confiscate assets belonging to the citizens of unfriendly countries

Russian forces use Kornet anti-tank system to hit heavy Ukrainian drone

According to the Russian defense ministry, man-portable anti-tank missile systems are widely used in coordination with drone operators to hit the enemy positions

Moderate earthquake hits Papua New Guinea

According to the EMSC, the epicenter was located 101 kilometers east of the city of Kimbe

Houthis attack two commercial vessels, two US destroyers

Movement’s representative Yahya Saria said that the Ansar Allah delivered drone strikes on two US destroyers in the Red Sea. According to him, the hits "reached their targets"

Russia’s UN envoy calls on UNSC to prevent conflict in Bosnia-Herzegovina

Vasily Nebenzya said that the situation in the country was getting worse

Georgian parliament votes for foreign agents bill in second reading

According to the procedure, the bill is now to undergo the final, third reading. If supported, it will be sent to President Salome Zourabichvili for signature

Colombia withdraws diplomats from Israel — Foreign Ministry

Earlier, Colombian President Gustavo Petro promised to sever diplomatic relations with Israel on May 2

At least eight hurt during protests in Tbilisi on May 1 — health ministry

They were taken to hospitals, the Georgian health ministry said

Azerbaijan’s president points to highest level of cooperation with Russia

Speaking of his recent visit to Russia, Ilham Aliyev stressed that it had been "very productive" and "once again demonstrated the strategic nature of allied relations" between the two countries

Foreign agents law to accelerate Georgia's European integration, prime minister says

Irakli Kobakhidze said that Georgia will avoid even mental revolutionary processes

F-16 fighter jet crashes in US, pilot ejected

The pilot was the only occupant onboard the aircraft, Fox News television reported

Crimea asks to initiate proceedings against Zelensky for terrorism against Russia

The territory of the Crimean peninsula is regularly being attacked by Ukrainian missiles and drones

US seeking to throw Balts, Poles, Germans, French ‘into fire of war’ — Medvedchuk

"They are clearing the way for this, since the Ukrainians are running out while the scheme of turning their deaths into America’s profits is waiting for new victims," leader of the Other Ukraine movement said

China strongly opposes illegal unilateral US sanctions — embassy

The anti-Russian sanctions imposed by Washington affected 21 chinese companies

Georgia's ruling party intends to pass law on foreign agents despite protests

Prime Minister Irakli Kobakhidze said that "in the long run we will make the country secure from polarization and radicalism for years"

Ukrainian politician names those behind Odessa tragedy in interview with TASS

Viktor Medvedchuk pointed out that in a premeditated act of intimidation, the Kiev regime led by then acting Ukrainian President Alexander Turchinov burned people alive inside Odessa’s Trade Union House

Ukrainians to reunify with Russia in ten years — Medvedchuk

Ukraine is "genetically linked with Russia," leader of the Other Ukraine movement said

Soros family makes deal with Kiev to use Ukrainian land as toxic waste dump — journalist

"This agreement authorizes the disposal of chemical waste from companies linked with financier George Soros in the black soil of Ukraine," he said

UNSC becomes hostage to US Middle East policy — Russian envoy

"The actions of our American colleagues do not reflect the principled position of the rest of the UN Security Council members," Vasily Nebenzya said

Protest rally against Poland’s military support for Kiev held in Warsaw

The organizers noted on the X social network that the rally is attended by several hundred people

Iran sanctions 5 US companies, 7 individuals for supporting Israel

The sanctions list includes the largest US arms corporations Lockheed Martin and General Dynamics, and the company Skydio, which specializes in the production of drones

Example of Great Patriotic War veterans inspires amid current trials — Putin

President expressed hope that the festival would arouse great interest among the participants and become a bright event among the events dedicated to Victory Day

Top security official advises West to keep door open for joint research work with Russia

Nikolay Patrushev cited recent research showing that a simulated eruption of the Yellowstone Caldera, which has shown increasing signs of active volcanic status over the years, and what consequences such a natural disaster could potentially leave in its wake

French president doesn’t rule out sending troops to Ukraine if Russia breaks front lines

Emmanuel Macron pointed out that "many countries understood" Paris’s approach and agreed "that this position was a good thing"

French politician demands Macron drop plans to send troops to Ukraine

The French president said earlier in an interview with The Economist that sending troops to Ukraine could be considered based on Kiev’s request if Russian forces broke through the front lines

Accusations of Russia using chemical weapons against Ukrainian forces unfounded — Kremlin

"Russia was and remains committed to its obligations under international law in the aforementioned area," Dmitry Peskov emphasized

Russia says its FPV drones delivered 40 strikes on Ukrainian sites in Donetsk area

Operators of FPV also destroyed a large number of personnel and equipment in their area of responsibility, the Russian Defense Ministry reported