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

{{newsPoint.title}}

{{newsPoint.title+ ' '}}

{{newsPoint.subtitle}}

Russia begins recovering from the 'Dutch disease' — Finance Minister Siluanov

'Dutch disease' is the negative impact on an economy of anything that gives rise to a sharp inflow of foreign currency

Russian Finance Minister Anton Siluanov Yekaterina Shtukina/Russian government's press service/TASS

Russian Finance Minister Anton Siluanov

© Yekaterina Shtukina/Russian government's press service/TASS

Read also

Russia’s international reserves grow over week for first time in 4 months — regulator

MOSCOW, March 27. /TASS/. Russia began to recover from the "Dutch disease", Russian Finance Minister Anton Siluanov said Friday.

"The investments that previously went to the oil industry, are now beginning to decline. And the capital will be directed to other, non-oil industries," Siluanov said. According to him, agriculture is currently receiving significant investments, as well as import substitution industry. "And it is a right thing. This is the main motive of all the changes that are taking place, and we support it as a part of anti-crisis plan," the Minister said.

Read also

According to Siluanov, amendments to the 2015 budget suggest decline in investment spending by 246 billion rubles ($4.27 billion), primarily due to capital repairs, construction of individual structures "that are not directly related to the economic growth stimulation."

"Dutch disease" is the negative impact on an economy of anything that gives rise to a sharp inflow of foreign currency. The currency inflows lead to currency appreciation, making the country's other products less price competitive on the export market.

Tags

Economy Anton Siluanov Currency

Rostec develops new generation of TV cameras for nuclear plants

"Prototype specimens will undergo tests by the end of 2024," the press service said

Israel assesses effectiveness, consequences of strike on Iran — media

A spokesman for the Israel Defense Forces declined to comment on the reports of the strike

Chinese car plant to start production at former Mercedes site in Moscow region in May

Earlier it was reported that the German automobile concern Mercedes-Benz plans to sell its enterprise located in the Solnechnogorsk district of the Moscow region

Shoigu orders additional tank protection sets for Ukraine operation

The minister also inspected the training process in Omsk Armor Engineering Institute

Israel to not take responsibility for attack on Iran — newspaper

Israeli sources also said that they did not understand why the Pentagon had leaked information about Israel's involvement in the attack to the media

Chinese analyst sees US veto on Palestine as reflection of arrogance, double standards

Wang Wen stated that it’s still very hard to achieve a settlement of the Israeli-Palestinian conflict

Hezbollah warns Israel it will fight back if attacks on Lebanon continue

The Lebanese Shiite organization "would not accept that the Israelis transgress the rules of engagement that are currently set in the south" of Lebanon

Russia’s defense chief inspects production of tanks, flamethrowers at Siberian enterprise

Sergey Shoigu handed down an instruction for the defense enterprise to ramp up the production of T-80BVM tanks, the Defense Ministry said

Military base near Iran’s Isfahan hit following attack — newspaper

The sources said that Iranian forces managed to destroy several small drones near the city of Tabriz, about 800 kilometers from Isfahan

CIA chief says Ukraine could lose by end of this year — Politico

William Burns said "there is a very real risk that the Ukrainians could at least put Putin in a position where he could essentially dictate the terms of a political settlement"

Sounds in Isfahan due to air defense work to repel attacks by suspicious objects — general

According to Iranian media reports, three drones were downed by air defenses in the skies over the city of Isfahan

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 suspends flights above several cities amid reports of air attack — IRNA

Fox News said the Jewish state delivered a limited strike on Iran

Nearly half of those present in UN Security Council hall walk out before Israel’s address

israeli Permanent Representative Gilad Erdan was to address the council after Palestinian envoy Riyad Mansour

EU plans to invest first profits from Russian assets in military aid to Kiev

"I think that the decision has been taken by the member-states - all 27 have agreed that we use the windfall profits following our proposal," Ursula von der Leyen said

Effort to grant full UN membership to Palestine will continue — Russian mission

"The UN history has precedents when states were not admitted on their first try. The number of attempts is not limited," Nadezhda Sokolova said

Iran intends to bolster military cooperation with Russia — envoy to Moscow

Kazem Jalali noted that Iran had demonstrated its ability to ensure security and nudge the region toward a de-escalation

EU border checkpoint closest to Russia’s St. Petersburg to cut its working hours

The changes were attributed to reconstruction works on the Russian side of the checkpoint Ivangorod

Palestine’s full UN membership more urgent now than ever before — China’s envoy

Fu Cong denied claims that direct talks with Israel are a vital precondition for Palestine’s UN membership

Kiev continues to openly announce terrorist attacks on Russia — diplomat

Maria Zakharova also pointed to the fact that Ukraine's special services do not give up attempts to "massacre their former compatriots"

Ukrainians abroad storming embassies to avoid mobilization, Russian diplomat says

On Tuesday, Ukrainian President Vladimir Zelensky signed the mobilization law passed by the Verkhovna Rada (parliament) in the second and final reading on April 11

Vehicles, equipment participating in Victory Day parade depart for Moscow — ministry

The final rehearsal of the military parade will take place on May 5

Ukrainian trace obvious in Crocus City Hall attack — Russian prosecutor general

The law enforcement employees exert efforts to identify the instigators of this crime, Igor Krasnov said

Putin sees increasing life expectancy as key policy goal for Russia

The Russian leader stressed that "it’s crucial to continue paying great attention to the prevention and treatment of diseases, particularly through the most advanced and cutting-edge methods"

Ukraine convicts 12th world chess champion for recognizing Donetsk, Lugansk republics

The two other State Duma members mentioned in the verdict alongside Karpov are Viktor Kazakov and Georgy Karlov

US names lack of reforms as reason to block Palestinian membership resolution

US deputy envoy Robert Wood also noted that "Hamas - a terrorist organization - is currently exerting power and influence in Gaza, an integral part of the state envisioned in this resolution"

Algeria pledges to return to Palestinian membership issue — envoy

"The overwhelming support for Palestine’s membership makes it crystal clear that the State of Palestine is worthy of its rightful place among member states of the United Nations," Amar Bendjama said

Russia’s advanced radar in Kaliningrad to monitor entire territory of Europe — source

The first Konteiner radar went on combat duty in the Volga area region of Mordovia on December 1, 2019

Crimea, Donbass to forever remain within Russia, Slovak PM tells national parliament

Robert Fico believes Moscow will win in its confrontation with Kiev

Pipeline explodes in Kharkov Region

The exact location of the damaged pipeline or the causes of the incident is not reported

Founder of neo-Nazi cell in Crimea flees to Georgia — source

According to the official, the investigation established that Mikhail Maurov planned to travel to Ukraine to join the ranks of a right-wing Ukrainian organization called the Freedom of Russia Legion

Russian forces destroy Ukrainian command post, two S-300 missile launchers over day

Russian forces improved their frontline positions and repelled a Ukrainian army counterattack in the Donetsk area where the enemy lost roughly 590 troops over the past day, the ministry reported

Romania tries to cancel Russian culture by banning films — diplomat

"The National Film Archive of Romania, for political reasons, broke the lease agreements for cinema halls with Russian embassy in Bucharest, which provided for the private screening of the Russian films "The Time of the First" and "The Challenge," Maria Zakharova said

Russian Aerospace Forces strike five militant hideouts in Syria’s Homs

Yury Popov said that aircraft of the so-called international anti-terrorism coalition, led by the United States, continue to set dangerous precedents in skies above Syria

UN Security Council vote exposes practically full isolation of US — Russia’s UN mission

Vasily Nebenzya described the US veto as a "fruitless attempt to stop the inexorable course of history"

US veto for Palestinian membership proves Washington’s anti-Palestinian stance — Hamas

The movement called upon the international community to "break free from Washington’s influence and support the struggle of the Palestinian people"

French president says creating Israeli-type air defense network for Ukraine impossible

Emmanuel Macron added that Europe’s resources are limited, and the European Union will continue helping Kiev keeping in mind its own reserves

Kiev ordered mandatory evacuation from Kharkov Region to accommodate mercenaries

Evacuation campaigns are regularly organized by the Kiev government, under the pretext of security issues

Nuclear sites in Iran’s Isfahan province are safe — Tasnim agency

Tasnim refuted foreign media reports about an incident at a nuclear site in Isfahan

No plans for pauses in fighting if talks on Ukraine begin, Lavrov says

The Russian foreign minister emphasized that the situation on the ground had changed significantly

West can’t comprehend Russia’s resilience — Lavrov

"They would have been scared had anyone come down on them with similar ferocity," the Russian foreign minister added

Ukraine turns from sovereign country into Western protectorate, Hungarian PM says

Viktor Orban noted that there should be a buffer zone between NATO and Russia and Ukraine could serve as one

Russia won’t allow NATO to move closer in Ukraine — Lavrov

There is still no full clarity regarding the future of Ukraine's western regions, the Russian foreign minister went on to say

West, Kiev indulge in nuclear blackmail by demanding control of ZNPP — Russian MFA

"Without noticing it themselves, they spoke the language of an ultimatum," Spokeswoman Maria Zakharova underlined

Press review: Ukraine, Israel vie for EU’s attention and Georgia passes controversial bill

Top stories from the Russian press on Thursday, April 18th

Two pilots of jet that crashed in southern Russia hospitalized

The plane crashed in a field in the Krasnogvardeysky district of southern Russia’s Stavropol Region

North Korean leader arrives at public event in Aurus luxury car gifted by Putin

On April 10, the vehicle was also spotted when the North Korean leader visited Kim Jong Il Military and Political Academy

Iran tells US about April 13 attack on Israel, it does not want escalation — top diplomat

Hossein Amir-Abdollahian added that prior to the attack, Tehran said that it would not target US military infrastructure in the Middle East "except in a situation where the United States wants to take military measures in support of Israel"

Russia, Iran maintain contacts on nuclear security - deputy foreign minister

Sergey Ryabkov said that "very soon, Russia and Iran will have new additional opportunities to discuss the situation in the Middle East in general, as well as details of what is going on there at this point"

Russia can join top three countries by lithium reserves — governor

Infrastructure is required to implement the investment project, both power transmission lines and the railroad, Andrey Chibis noted

Senior Chinese official to take part in conference on security in Russia — diplomat

The conference will take place from April 23 to 25 in St. Petersburg

Polish premier refuses to hand over his country’s Patriot systems to Ukraine

Donald Tusk said that German Chancellor’s call to send more air defense systems to Kiev had no relation to Poland, provided the country's geographical position near the frontline

Russia knows French military instructors working in Ukraine — Lavrov

At the same time, the top Russian diplomat pointed out that "there is information that not only French mercenaries, but also instructors, maybe even together, but along with some other representatives of military and special services of European countries are working there [in Ukraine]"

Hungary to not intervene in Ukrainian conflict on any side, PM says

Viktor Orban believes the first phase of the conflict, which included proposals on sending troops to Ukraine, is over

Israeli Air Force attacks airfield in southern Syria during strike on Iran

According to local sources, a radar station located at a military site along a highway connecting the towns of Qarfa and Izraa was disabled in the attack

Tehran’s two major airports cancel international flights — Mehr

Imam Khomeini International Airport and Mehrabad International Airport suspended their operations until 10:30 a.m. local time

Germany fails to present evidence in case of espionage suspects — Russian embassy

The Russian embassy has called attempts to probe into the alleged involvement of Russian special services in the development of rumored plans for attacks on military facilities in Germany "absurd and ridiculous"

Lavrov views situation in Middle East as 'very bad'

According to the top Russian diplomat, the unresolved Palestinian problem fuels the issues that the Middle East is facing

Iran has no plans to immediately retaliate to attack on its soil — agency

"We have not received any external attack, and the discussion leans more towards infiltration than attack," a senior Iranian official reported

US did not 'endorse' Israel’s retaliatory attack, but was warned about it — TV

According to Bloomberg, Israel informed the United States about its plans to strike Iran within the next 24-48 hours

Yerevan's refusal to delimit borders with Baku to escalate regional tensions — PM

Nikol Pashinyan pointed out that the demarcation process also involves risks, but they are manageable, after which "Armenia will become ten times stronger"

Ukraine’s military loses positions near Avdeyevka, says DPR

Igor Kimakovsky said that Ukrainian forces suffered heavy casualties among personnel and military hardware, including Western equipment

Ukrainian military under constant gunfire by Russian troops near Urozhainoye, says POW

Yevgeny Pogrebnyak said that he was treated well by Russian troops in his captivity

Chief prosecutors of Russia, Venezuela sign cooperation agreement in Caracas

The agreement allows "Venezuelan prosecutors to participate in training sessions free of charge and paves the way for Venezuelan students to receive higher education in our university," Russian Prosecutor General Igor Krasnov said

MiG-31I fighters receive air refueling system

Another source said MiG-31I differs from previous MiG-K option by "different engines, avionics and missiles"

US blocks Security Council resolution granting full UN membership to Palestine

A total of 12 countries, including Russia and China, voted in favor of the document

Major Western investor accuses Zelensky's office of extorting millions of euros

Arnulf Damerau said that he provided details of the meeting, along with evidence and a list of names of those involved, to US and European intelligence agencies

Agents in Ukrainian, Poland foil attempt to kill Zelensky, security officials in Kiev say

The agency said it and the Office of the Prosecutor General of Ukraine informed their Polish counterparts about the alleged assassination attempt

EU summit calls to continue work on duties on Russian, Belarusian agricultural produce

The European Commission suggested introducing duties on agricultural products from Russia and Belarus earlier

Final statement by G7 top diplomats to call for supplying more air defenses to Kiev

Earlier, Ukrainian Foreign Minister said Kiev required US-made Patriot systems and Italian-French Samp-T theatre antimissile systems

Number of applications in RuStore surpasses 37,000

According to the RuStore press service, over the past six months the number of applications from Chinese developers has grown fivefold

Swiss parliament votes against joining task force on frozen Russian assets

The group contains US finance and justice ministers, representatives of Australia, the UK, Germany, Italy, Canada, France, Japan, as well as the European Commission

Ukrainian front may collapse this summer — newspaper

According to the newspaper’s assessments, Russia "has never been closer to its goals" in the special military operation zone

Press review: Biden backs aid to Israel, Ukraine and Russia assets giving West legal fits

Top stories from the Russian press on Friday, April 19th

Russia always prefers talks to fighting, wars, says Lavrov

The first Russian-Ukrainian negotiations after the launch of Moscow’s special military operation in Ukraine took place in Belarus in early March 2022 but the talks yielded no tangible results

One crew member of jet crashed in Stavropol Region killed, search for another continues

According to the Russian Defense Ministry, an Aerospace Forces’ Tu-22M3 bomber crashed after completing a combat mission while returning to the airfield

Kremlin condemns 'illegal' seizure of villa from Russian businessman

Dmitry Peskov underscored that Moscow has already made its position clear on this matter

Water in Kurgan above dam, breaking records

More than 100 employees of the Russian Ministry of Emergencies are fencing the shores and filling the least reliable dam segments

Colombian president displays interest in country’s entry into BRICS

Brazilian leader Luiz Inacio Lula da Silva welcomed Gustavo Petro’s initiative, "being committed to promotion of Colombia’s candidacy"

G7 foreign ministers set to call on all sides to exercise restraint in Middle East

Italian Foreign Minister Antonio Tajani said Israel will "most likely" respond to the recent Iranian attack

At least 16 Syrian troops killed in terrorists’ ambush in east Syria — TV

According to the Al Hadath television, a military bus was ambushed by members of the Islamic State terrorist group

Energy prices help US economy to develop better than Europe — IMF

It is reported that the US has benefited from more favorable conditions in terms of energy prices, something that has been quite a serious factor for Europe, not a positive factor for Europe

Iran says drones downed over Isfahan launched from country's territory

"A failed attack with a few quadcopters that were shot down cannot be considered a real attack anywhere in the world," a spokesman for Iran’s Supreme Council of Cyberspace said

Nord Stream AG's refusal to pay compensation destroys Western insurance system — diplomat

"The West is not only taking state assets and private property, but also threatening to destroy the major civilian infrastructure facilities, which were built with investments and then miraculously blown up, and they have now threatened insurance," Maria Zakharova said

Syrian ministry says Israeli jets struck air defense facilities in country’s south

Earlier, the media reported that one of the strikes hit Tha'lah Military Airbase, with several explosions going off there

French, US, British nukes all interwoven — Russian diplomat

Maria Zakharova described France’s decision to place its aircraft carrier, the Charles de Gaulle, directly under NATO control as a symbolic move marking the end of "the era of an independent Paris in the international arena"

US 'not forgetting' to help itself with aid to Ukraine — Kremlin

"In any case, whatever the modality of providing this aid, de facto it is about provoking Ukraine into further hostilities down to the last Ukrainian, putting guarantted money in the pockets of the US," Dmitry Peskov said

Palestinian president says US veto immoral, runs counter to global community’s will

In Mahmoud Abbas' opinion, Washington’s foreign policy constitutes "an outrageous aggression against the international law"

Kiev lacks both troops and equipment near Chasov Yar in DPR, says retired general

Military commanders of Ukrainian army brigades "lack both personnel and the required amount of equipment" while Russian troops enjoy a considerable superiority, especially in artillery, Sergey Krivonos noted

Ukrainian president admits Russian troops’ advancement

Vladimir Zelensky asked his country’s supporters to provide "everything that helps to hold the frontline," including shells, military vehicles and drones

US blackmails other countries at United Nations — Russian mission

Dmitry Polyansky said "this shameful neocolonial tactics are fully exposed now in the context of Gaza War"

Palestinian envoy says Israel plans to destroy Palestine

"This is a plan of extremist government", Permanent Observer of Palestine to the UN Riyad Mansour said

Moscow International Film Festival to open in Russian capital

The Moscow Film Festival was founded in 1935, which makes it the world’s second oldest film festival after the Venice event

Iran done with retaliation, calls for efforts to stop Israel from reckless steps — MFA

According to the minister Hossein Amir-Abdollahian, in the event that Israel uses force against Tehran's interests, "the Islamic Republic of Iran will not hesitate to use its right to give an immediate and decisive response that will make them regret"

US gives nod to Israeli operation in Rafah in exchange for canceling major attack on Iran

According to the media outlet, "the US administration will support the plan for a military operation in Rafah put forward earlier," which provides for dividing the city into numbered sectors that will be mopped up one by one

Three Ukrainian soldiers swim across Dnieper to surrender to Russian troops — governor

Vladimir Saldo called on other Ukrainian servicemen to switch to the Russian side and request the corresponding assistance

No foreign state attacks Iran — TV

Earlier, the media reported, citing a US official, that Israel had launched a missile strike on a site in Iranian territory

Iran threatens to attack Israel's "nuclear centers" in case of aggression on its part

Ahmad Haqtalab argued that Israel had been conducting "subversive and terrorist activities" against the Islamic republic's nuclear infrastructure for year

Russia will not 'shake up' relations with Argentina due to its partnership with NATO — MFA

According to Sergey Ryabkov, Russia and Argentina maintain a good dialogue at various levels

Situation in Iran’s Isfahan stabilizes after drone attack — media

According to the news agency, all reports about fires or explosions have nothing to do with reality