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

{{newsPoint.title}}

{{newsPoint.title+ ' '}}

{{newsPoint.subtitle}}

RUSSIA'S ECONOMY

Putin approves amendments to Russian budget

Amendments provide for revenues growth by $28.4 bln in 2018

© Mikhail Metzel/TASS

MOSCOW, July 4. /TASS/. Russian President Vladimir Putin approved amendments to the federal budget for 2018, providing in particular for surplus of 0.5% of GDP. Amendments to the federal budget law for 2018 and the planned period of 2019-2020 passed by the State Duma on June 21 and approved by the Federation Council on June 27 were posted on the Kremlin’s website on Wednesday.

Read also

PM Medvedev expects growth of non-oil and gas budget revenues to persist

Amendments provide for revenues growth by 1.8 trillion rubles ($28.4 bln) in 2018, particularly on account of oil and gas revenues surge by 1.76 trillion rubles ($27.8 bln) and non-oil-and-gas revenues growth by 59.8 bln rubles ($944.8 mln). Revenues will add 1.7 percentage points versus GDP and will account for 17.4% of GDP.

Budget expenditures will add 61.9 bln rubles ($978 mln) and grow to 16.6 trillion rubles ($262.3 bln) or 16.9% of GDP in 2018. The federal budget will have a surplus of 481.7 bln rubles ($7.6 bln) or 0.5% of GDP.

It was reported earlier that about 162.8 bln rubles ($2.6 bln) will be reallocated this year for priority areas from the budget. Extra funds will be provided for additional capitalization of the Russian Agricultural Bank and Promsvyazbank and support of domestic automakers.

Tags

Inflation target of 4% expected to be reached in 2025 — Economy Ministry

According to the forecast of the Bank of Russia, annual inflation is expected to decline to 4-4.5% in 2024

West battlegroup destroys two Ukrainian drones, hit over 170 Ukrainian army’s facilities

The battlegroup’s spokesman Ivan Bigma said that a Gvozdika self-propelled system, nine mortar squads, two Furiya fixed-wing type unmanned aerial vehicles were destroyed

Erdogan urges Armenia to work out pragmatic roadmap for ties with Turkey

According to the Turkish president, "the window of opportunity will not remain open forever so it is necessary to take the bull by the horns"

West balancing on edge of direct military confrontation between nuclear powers — Lavrov

According to the top Russian diplomat, it is especially concerning that the three Western nuclear powers are among the key sponsors of the Kiev regime and the main initiators of various inflammatory moves

Russia invites all countries to develop North - South transport corridor — Putin

"The North-South transport corridor should become an example of the broadest international cooperation," the Russian leader said

Russia to incorporate US nuke scenario in Poland in its military planning — diplomat

"Poland’s authorities make no secret of their striving to lean closer on the US nuclear weapons deployed in Europe and are actively using these ambitions in their hostile Russian policy," Maria Zakharova stressed

London grants agrement to Zaluzhny as ambassador to UK — Ukrainian parliamentarian

This must be followed by a decree of the Ukrainian president on the appointment

Gagauzian leader on unity of Moldova’s opposition, ability to watch Russian TV channels

Yevgenia Gutsul underlined that Gagauzia plans to start exporting products to Russia in the near future

Over 14,700 residential houses remain flooded in Russia

The source also said that 38,302 Russians have been evacuated from flooded areas and settlements potentially falling into these zones since the beginning of the spring floods

US has no idea what to do about Zelensky — Seymour Hersh

According to the journalist, the decision to conduct the operation was made by US President Joe Biden personally, following nine months of discussions with White House national security advisers

Russia firmly ready for peace solution in Ukraine — Kremlin spokesman

"There has been no new peace initiative, there has been a statement of the fact of Russia's readiness for a peace solution to the Ukrainian problem," Dmitry Peskov said

Dollar almost completely gone from Russia-China trade relations — Lavrov

"The supply of our agricultural products to the Chinese market is growing," the top Russian diplomat noted

Confiscation of Russian assets by the US to affect Europe more — expert

The US decision may provoke panic among investors that would start withdrawing their funds from European banks, being concerned of their freeze and further confiscation

Russia expects Xi Jinping to attend BRICS summit in Kazan — Lavrov

On January 1, Russia assumed the rotating presidency of the BRICS group of nations, which currently brings together ten states

New anti-Russian sanctions to include ban on LNG supplies — Swedish Foreign Minister

Tobias Billstrom deemed adopting the 14th sanctions package "one of the most important things"

Armenia begins border delimitation with Azerbaijan — Interior Ministry

"We also inform that rumors claiming that some part of the sovereign territory of the Republic of Armenia will be passed over to Azerbaijan have nothing to do with reality," the ministry said

Russian troops liberate Novomikhailovka community in DPR — top brass

Russia’s Battlegroup West repulsed four Ukrainian army counterattacks over the past day, the Defense Ministry reported

Russia presents world’s first hydrogen-fueled luxury car at Innoprom exhibition

The unique vehicle was built on the basis of the Aurus Senat luxury car

Ukrainian army strikes own surrendering soldiers — POW

Andrey Babenko said that after a crash course in Britain he had been sent to the frontline near Liman

Russia’s UN envoy, Serbian leader discuss coordination on Kosovo at UN

They "exchanged opinions on a wide range of pressing bilateral and international issues while focusing on the situation in the Balkans," the Russian diplomatic mission to the UN said

EU reacts to worsening of situation for Ukraine by preparing for new world war — Szijjarto

The Hungarian Foreign Minister noted that the participants of the EU foreign and defense ministers meeting "did not challenge the information about the degree of Russia’s arms superiority"

Russian economy to see serious structural changes — presidential aide

"The first one is the technology agenda, the very large one, with huge demands for our own small, medium and large solutions," Maxim Oreshkin said

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

Flow of cargo traffic via North-South transport corridor to reach 60-100 mln tons

The presidents of Russia and Azerbaijan, Vladimir Putin and Ilham Aliyev, met with veterans, builders and employees of the Baikal-Amur Mainline on Monday

Russia's eyes open to nature of US sanctions — Kremlin

Dmitry Peskov added that the Russian authorities will try to minimize the effect of new EU sanctions against the country

Russian peacekeepers heading for temporary deployment centers in Armenia

The Armenian government provided Russian peacekeepers in Nagorno-Karabakh with places for temporary deployment in Goris and Sisian

Scholz says era of fossil fuel will be over soon

The chancellor also said Germany will make every effort to produce 80% of its energy from renewable sources by 2030

Russia sees tendency for Latin America to become one of multipolar world order centers

"The very fact that the Community of Latin American and Caribbean States returns back to its roots is a good sign," Russian Foreign Minister Sergey Lavrov said

Press review: Dissecting US aid package to Ukraine and sands of global economy shifting

Top stories from the Russian press on Monday, April 22nd

South Korea threatens to end North Korean 'regime' in case it uses nuclear weapons

Extended deterrence refers to Washington's willingness to use all means, including nuclear, to defend an ally

Involvement of NATO states prolongs Ukrainian conflict — Russian ambassador to Germany

"Ukraine today is fully dependent on supplies of Western weapons, military hardware, ammunition, financing, intelligence, and assistance from military advisers," Sergey Nechayev said

US expert says more ATACMS won't alter battlefield dynamics in Ukraine

"There is no magic weapon, there is no series of weapons that could change this" situation for the Ukrainian armed forces, Scott Ritter said

Knauf to transfer its Russian business to local management — company

To complete the transaction, the German company is yet to receive the approval from Russian authorities

Over 280 recovered from mass grave at hospital in Khan Yunis — TV

The operation to recover bodies of people killed in Israeli bombardments continues in the city

Russia recovers black boxes from crashed Tu-22M3 bomber

According to the law enforcement, the search for the fourth crew member is ongoing

Repaired strategic bomber Tu-22M3 re-enters service with Russia’s Aerospace Force

The bombers will get advanced precision weapons while their radio-electronic devices and engines will be similar to the equipment aboard the latest Tu-160M2 aircraft

Lavrov speaks of West’s agony, Russia’s approach to any future talks with Kiev

The Russian foreign minister also described Armenia and Russia as more than formal allies

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

Units of South battlegroup fully free Bogdanovka in Donetsk People’s Republic — top brass

The enemy lost up to 440 troops, three cars and an Osa-AKM air defense system, a 152mm D-20 weapon

Lavrov slams West for promoting 'dishonest schemes' for restrictions on nuclear weapons

The top Russian diplomat stressed that "striving to attain decisive military superiority, Washington and its allies are enlarging the network of alliances directed against third countries"

Ukraine lost best fighters near Artyomovsk, retired general says

Sergey Krivonos added that relocation of troops from one direction to another will not solve Ukrainian forces’ problems, and that each fighter should be used according to their specialization

Assad says sure Russia will win conflict in Ukraine, re-unite brotherly peoples

Russia, in his words, is "correcting what others have done"

North Korea stages first combined tactical drill simulating nuclear counterattack — KCNA

The drill’s main purpose is to demonstrate the reliability, superiority, might and diverse means of the DPRK's nuclear force

International meeting of security representatives opening in St. Petersburg

Moreover, discussions within two theme-based roundtables will be held

Moldovan authorities try to present Gagauz as separatists — official

Earlier, Yevgenia Gutsul noted that the Gagauz autonomy would withdraw from Moldova if Chisinau decides it wants to unify with Romania

Qiwi projects $247 mln loss over sale of Russian assets

Moreover, Qiwi plc acknowledged impairment by $155 mln in 2023 due to the same reason

NATO, Poland made no decision on deployment of nuclear weapons — Andrzej Duda

Polish President pointed out that this issue is being raised during his meetings with NATO partners from time to time

Russian troops level off frontline near Kremennaya in LPR for further advance

Russian combat aircraft and artillery "have begun to operate more intensively" at that frontline, delivering "precision strikes" on the Ukrainian army, Andrey Marochko said

Chinese diplomat cautions US against 'demonizing' China-Russia relationship

The diplomat also called on Washington to "immediately stop imposing unilateral sanctions on Chinese companies and individuals"

Top Russian security official praises Republika Srpska’s principled position on Ukraine

"In this context, we particularly appreciate the principled position against joining the sanctions regime, your firm and consistent line on the Ukrainian crisis is particularly valuable for us," Nikolay Patrushev pointed out

Russia looking to open diplomatic missions in South Sudan, Niger, Sierra Leone — diplomat

According to Alexey Klimov, in 2023, almost 30,000 temporary entrance (return) permits were issued abroad and over 460,000 foreign passports were issued

Senior lawmaker threatens US with retaliation for 'stealing' Russian assets

"Now, our country has every reason to make symmetrical decisions against foreign assets," Vyacheslav Volodin said

Armenians block highway to Georgia in protest of border delimitation with Baku

Protests are also ongoing in Armenia's border region of Tavush, where the authorities are carrying out work to delimit the border with Azerbaijan

New US military aid will not prevent end of Kiev regime — Russian mission to the UN

"That’s what happens when the head of state doesn’t care about his own people and sells out his country," Dmitry Polyansky said

Conflict in Ukraine can be over by end of 2025, Hungary’s Orban believes

Prime Minister said that it is possible if proponents of peace, not war, win the June elections to the European Parliament and the US Presidential elections in November

Ukrainian troops fleeing Ocheretino in small groups, says DPR

"There is one more or less suitable road but it is also being shelled," adviser to the DPR head Igor Kimakovsky said

Ukrainian intelligence predicts dire situation from mid-May onward

Kirill Budanov acknowledged that the Ukrainian army had long experienced problems on the frontline

Ukraine 'not in a position to win' against Russia — Spanish reserve colonel

"The Western world cannot accept Ukraine's defeat, because from the point of view of our security, a Russian victory in the war would be a failure," Francisco Rubio pointed out

North Korea presumably launches ballistic missile — Japan Coast Guard

This is North Korea’s fourth ballistic missile launch this year

Ukraine’s military intelligence chief recognizes Russia’s success in Avdeyevka

Ukrainian troops suffered significant losses in the fighting for the control of this town

NATO’s backing of Kiev’s strikes beyond special op area makes peace unachievable — expert

"The position of the majority of Western states negatively affects the probability of a peaceful settlement of the conflict, creating a risk of further escalation," Jiraporn Ruamphongphatthana believes

Press review: GOP tussles over Ukraine bill and Putin, Aliyev talk partnership

Top stories from the Russian press on Tuesday, April 23rd

Republika Srpska president praises Moscow-Banja Luka relations, favors strengthening them

Milorad Dodik also touched upon the topic of sanctions mentioned by Patrushev earlier

Value of frozen Russian assets in Switzerland drops to $6.36 bln over the year

The Swiss authorities pointed out that the value of assets of the Bank of Russia "may fluctuate in either direction, notably as a result of valuation changes on frozen securities, bank charges and exchange rate movements"

WADA explains difference between Valieva’s case and Chinese swimmers’ violations

The fundamental point is that in the Valieva case there was nothing to exclude that that was the end of an excretion, that the pharmacological dose of trimetazidine hadn't been taken several days before

Armenia purchasing only defensive weapons — PM

Yerevan's defense spending is 15-20% of what Azerbaijan spends on it, Nikol Pashinyan said

Duda's Kaliningrad nuke rhetoric political stunt — Russian senator

Alexander Shenderyuk-Zhidkov emphasized that Russia would decide for itself what was required to ensure the safety of its citizens

Moscow Zoo delegation arrives in North Korean capital — media

Russia and North Korea have intensified bilateral exchanges since late 2023

Switzerland unblocks Russia-related assets worth 290 mln Swiss francs

The total amount of blocked assets of the Russian Federation decreased by 150 million Swiss francs (about $165 million) due to the fact that a number of individuals "were removed from the EU sanctions lists"

Putin’s inauguration to take place on May 7, senator says

According to the law, the president-elect takes office for six years

Beijing condemns US hypocrisy around Ukraine conflict

Foreign Ministry Spokesman Wang Wenbin reiterated that China "is not an instigator or a party to the Ukrainian crisis and has never fanned the flames of the conflict, not to mention, used the situation for its own purposes"

Russia has significant amount of West’s funds in case of confiscation of its assets

Russia views the West’s encroachment on its assets as "a blatant and shameless theft for the purpose of lining its pockets," Maria Zakharova noted

Moldovan opposition announces creation of Pobeda political bloc

Among representatives are Governor of the autonomous Gagauzia region of Moldova Yevgenia Gutsul and parliamentary deputy Marina Tauber

Pobeda bloc expects global community to respond to struggle against opposition in Moldova

The opposition suggests that Moldovan President Maia Sandu is behind the law enforcement officers’ actions

Armenia remains engaged with CSTO — head of post-Soviet security bloc

Imangali Tasmagambetov noted that "relations between the CSTO and Armenia, which is a member state of our organization, are far from being at their best"

Moldova’s top prosecutor suspects treason behind creation of Pobeda bloc

Prosecutors fear that the creation of the bloc may pose risks to Moldova’s national security as they prosecute several politicians who established the bloc in Moscow, Ion Munteanu said

Almaz-Antey adapts air defense launchers for various missiles

Russian air defense launchers have a bigger range than US Patriot in Ukraine, Sergey Druzin said

Mobilization law condition for new supplies of arms to Kiev by NATO — source

Arms supplies are only reasonable if a large number of military personnel able to use those weapons in defense and assault operations is available

Russian missile cruiser Varyag enters Mediterranean Sea

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

Eleven Russians dead, 48 injured in Ukrainian strikes over week

Rodion Miroshnik pointed out that over the past week, Ukrainian forces fired "at least 1,278 rounds of ammunition" at the civilian facilities in the border regions

Russia scraps plans to hold Immortal Regiment march in 2024 amid security threats

This year, the May 9 festivities will take the form of other events, Yelena Tsunayeva noted

Liberation of Novomikhailovka brings closer encirclement of Ugledar, says DPR official

On Monday, the Russian Defense Ministry said the village had been liberated

Kremlin vows legal action against US bill on seizing Russian assets

Dmitry Peskov noted that the trial will be "very complex," but will cause severe damage to US economic interests if the US authorities finally approve the bill regarding Russian assets

Romanian rescuers find Ukrainian deserters who spent four days in mountains

Romanian media regularly report the discovery of young Ukrainians in the mountainous terrain on the Romanian-Ukrainian border

Belarusian air defense registers increased number of NATO aviation sorties

"This is dozens of sorties, carried out along the same routes, more or less", said Belarusian Air Force and Air Defense Deputy Commander Colonel Lieutenant Eduard Zhmakin

Top Hungarian diplomat warns US-NATO-EU competition in Ukraine could spark WWIII

"Preparations for a world war are intensifying in Brussels," Peter Szijjarto warned

Modern weapons make up 82% in Russian air defense troops — Shoigu

"The Kiev regime has failed to achieve the goals of its counteroffensive prepared by NATO instructors," the defense minister said

Army officer some media point to as Nord Stream blasts coordinator goes missing in Ukraine

The man, Roman Chervinsky, was under arrest in the case of a failed operation to recruit a Russian pilot

Destroyed TV tower in Kharkov carried Ukrainian air defense coordination device — official

Digital TV signal interruptions are now observed in the city

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

Revival Party leader released after being questioned by Moldovan special services

According to Natalia Parasca, around 100 delegates to the Moldovan opposition forum in Moscow were held at the Chisinau airport for about three hours

Russian troops destroy four boats with Ukrainian assault force on Dnieper River

Russia’s Dnepr Battlegroup inflicted casualties on the 141st, 65th and 128th brigades of Ukrainian armed formations, delivered strikes on temporary deployment sites, military hardware and artillery positions of the Ukrainian army on the right bank of the Dnieper River, Vladimir Saldo said

Russia becomes Europe’s first economy despite 'pressure from all sides,' Putin says

"We have left all of Europe behind in terms of purchasing power parity but as for the per capita indicator, we need to work harder," the Russian leader stressed

Lenin Museum in Finland's Tampere to shut down in November

According to the report, the New Museum of Relations with the East will open on the same premises on February 15, 2025

Current Russian turn eastward possible owing to Baikal-Amur railway — Putin

BAM personifies giant labor and courage of two million very young people from across the entire Soviet Union, the Russian leader said

Russia ready to offer access to Asian markets to partners in BAM upgrade — Putin

"To this end we intend to implement plans of expedited upgrade of BAM, the Trans-Siberian Railway, development of the entire eastern range of railroads on the basis of advanced technologies," the Russian President said

Rosatom denies reports about flooding of uranium deposit wells in Kurgan region

To prove the situation on the ground, Rosatom is ready "at any time to organize a visit of representatives of media and regulatory authorities to the field," ARMZ said

Damage to TV tower in Kharkov causes problems with digital TV signal

Earlier, Ukrainian media reported an explosion in Kharkov, which was cofirmed later by Mayor Igor Terekhov

Ukraine says Western systems ineffective against Russia's electronic warfare

Maria Berlinskaya emphasized that the real effectiveness was determined in real combat conditions, and not at "some training ground in Texas"

Top Security Council official meets with Cuban interior minister, foreign counterparts

Nikolay Patrushev also held talks with Brazilian Special Advisor for International Affairs Celso Amorim