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RUSSIA'S ECONOMY

Bank of Russia may lower key rate in late 2019 — Russian Direct Investment Fund

On 8 February, the Bank of Russia expectedly kept the key rate at the level of 7.75% per annum

MOSCOW, February 8. /TASS/. The Russian Direct Investment Fund (RDIF) expects that the Bank of Russia may lower its key rate by 25-50 basis points at the end of this year, if inflation remains with the range set in the forecast. That is according to the review of Dmitry Polevoy, chief economist of the Russian Direct Investment Fund (RDIF). The review was released after a meeting of the Board of Directors of the Bank of Russia on Friday.

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Bank of Russia keeps key rate at 7.75%

The analyst expects that inflation will peak in the second quarter of 2019 at around 5.8%, then decline to 4.7-4.9% and stabilize at 3.8-4% by 2020.

"That is why, there is a possibility of reducing the key rate by 25 basis points or even 50 basis points in September-December this year, if inflation remains within the forecast," the expert noted.

"At the moment, the Bank of Russia has taken a wait-and-see attitude, considering that the effect of the VAT increase on inflation will become clearer by April 2019," he added.

On 8 February, the Bank of Russia expectedly kept the key rate at the level of 7.75% per annum.

When commenting its decision the regulator noted that in January 2019, annual inflation (55) was at the lower bound of the Bank of Russia expectations, while the contribution of the VAT increase to annual consumer price growth in January was moderate.

The effect of the VAT increase on inflation can be fully assessed no sooner than this April, the regulator said. The bank of Russia noted that it will make decisions on the key rate, assessing the sufficiency of the rate increase last year.

Gazprombank’s UnionPay cards no longer serviced in several countries

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"

Comprehensive partnership agreement between Russia, Iran to cover defense sphere

The agreement on comprehensive strategic partnership is called to become the most important stage in development of bilateral relations

Commissioning of Oreshnik and new developments: Putin’s meeting with defense specialists

Here are the key statements, made during the meeting

Any escalation scenario possible in Ukraine conflict — Medvedev

According to the politician, Western nations need to understand that they are fighting on Ukraine’s side

France, UK will have to pay for their helping Ukraine strike inside Russia — diplomat

Russia’s Permanent Representative to the Vienna-based international organizations Mikhail Ulyanov said that what has been done by the White House is very dangerous

Taiwan reports 25 Chinese aircraft, 7 ships approaching island

The Taiwanese army responded by employing aircraft, navy vessels, and coastal missile systems to monitor the targets

US to impose export restrictions against up to 200 Chinese firms — agency

According to Reuters, the Commerce Department plans to publish the new regulations "prior to the Thanksgiving break"

Japanese lawmaker praises Putin's restraint amid decision to strike deep into Russia

Top EU diplomat Josep Borrell confirmed that the US administration had lifted restrictions for US-supplied missiles to be used for strikes up to 300 kilometers inside Russia

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

The Belarusian leader noted that they want to go to Warsaw

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"

Press review: Uranium costs soar as Moscow updates nuclear doctrine and US OKs attacks

Top stories from the Russian press on Wednesday, November 20th

Russia to view F-16 fighter jets in Ukraine as threat in nuclear sphere — Lavrov

"During combat operations, our military will not be clearing out whether or not each particular jet of this class is equipped to carry nuclear weapons," the minister added

Oreshnik can reach targets across entire Europe — missile troops commander

"Based on the tasks and the range of this weapon, it can hit targets across entire Europe, which sets it apart from other high-precision long-range weapons," Sergey Karakayev said

Kremlin explains why Oreshnik missile came as surprise

"I am sure that neither of us is even aware right now of any new future developments.", Peskov said

PREVIEW: First tour of presidential election to be held in Romania

Almost 19,000 polling stations will be opened in the country

Eliminating best enemy units: Defense Minister visits special op area

Andrey Belousov stressed that Russian troops have accelerated their advance in the special military operation zone and have effectively disrupted Kiev's 2025 military campaign

Ukraine should consider territorial concessions to Russia in return for peace — magazine

Foreign Policy pointed out that Western officials should stop insisting in public speeches on the need to achieve a strategic defeat for Russia

Russian forces gain foothold in Chasov Yar’s industrial zone — expert

The units of the Ukrainian armed forces have created "a very serious defense line" along the railroad and along one of the streets of the settlement, military expert Andrey Marochko told TASS

Ukraine loses up to 160 troops in battlegroup East’s responsibility area — top brass

Units of the Russian battlegroup East continue fulfilling military tasks in the area of the special military operation

NATO secretary general, US President-elect hold first meeting

On Friday, Rutte held his first meeting with Trump in Florida

Ukraine was warned about possible missile strike — Pentagon

Department of Defense Deputy Press Secretary Sabrina Singh gave no answer to the question of how could Ukraine prepare for this kind of attack

US, European officials suggest returning nukes to Ukraine — NYT

US officials believe that ramping up weapons supplies to Ukraine is unlikely to change the situation in the combat zone short term, but it may help Kiev strengthen its stance in case a truce is reached

Gazprombank’s UnionPay cards no longer serviced in several countries

Oreshnik missile to go into serial production, Putin says

The president stressed that given the weapon’s special power, it "will be provided precisely to the Strategic Missile Forces"

Conflict in Ukraine no longer regional war — German defense minister

Russian President Vladimir Putin said on November 21 that strikes on Russian territory with Western long-range missiles had made the conflict in Ukraine a global one

Final test launch of Russia's new RS-26 Rubezh ballistic missile successful — designer

The RS-26 Rubezh missile based on the previous RS24 Yars is expected to be put on combat dutiy in 2015.

Putin to address parliament next year, preparations underway — Kremlin

"Certainly, it is being prepared in advance, this is a lengthy process," the Kremlin official said

Bundeswehr prepares plan for Operation Germany in case of war with Russia — newspaper

According to it, the 1,000-page "Operation Germany" plan lists all infrastructure facilities that deserve special protection, and also contains a procedure for defense or "measures to deter Russia on NATO’s eastern flank"

Russia’s steel production plunged in October — WSA

China produced 81.9 mln metric tons in October, up 2.9% on an annualized basis

Putin says Oreshnik missile system cutting-edge innovation by Russia, not Soviet byproduct

The Russian Defense Ministry announced earlier in the day that the country’s latest Oreshnik intermediate-range ballistic missile hit all the targets at a major Ukrainian military-industrial enterprise in Dnepr (Dnepropetrovsk) with its MIRVed warheads

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

Ukrainian defense line in Donbass may soon collapse — expert

"Those are very important logistical hubs and defence outposts for the Ukrainian armed forces, and losing them will give Russia the advantage to move forward to cities like Kramatorsk and Slovyansk," Marina Miron emphasized

West beginning to realize only part of Ukraine will remain — Lavrov

According to the Russian foreign minister, this represents the "confrontational logic" of the West

UN Loss and Damage Fund to be fully operational from 2025

The total pledged financial support for the Fund is over $731.15 mln to date

Russian servicemen control 30% of Chasov Yar in DPR — expert

According to military expert Andrey Marochko, 10% of the territory is the so-called grey zone

Zelensky fine with conflict continuing due to Western help — Slovak PM

Robert Fico pointed out that "more and more evidence show that the West seeks to prolong the war in Ukraine for various reasons"

Putin invites Tajik leader to attend celebration of 80th anniversary of victory in WWII

He recalled that Tajikistan will hold presidency in the Commonwealth of Independent States next year

Russia not obliged to notify anyone about launch of intermediate-range missile — Kremlin

"No, there have been no notifications, for Russia has no such obligation with regard to intermediate-range missiles," Dmitry Peskov emphasized

Russia's Oreshnik missile poses significant threat to West, Turkish expert warns

These missiles pose a threat not only to Ukraine but also to the entire Western world, including continental Europe and Great Britain, Abdullah Agar stressed

West builds up military presence near Russia’s Arctic borders — presidential aide

According to Nikolay Patrushev, the "imposed sanctions restrictions are aimed at thwarting the implementation of Russia’s Arctic projects"

Russian forces eliminate Ukrainian MiG-29 on ground

Additionally, Russian units eliminated one munitions depot

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

Press review: Russia fires missile at Ukraine plant and Biden forgives Kiev $4.65 bln debt

Top stories from the Russian press on Friday, November 22nd

Ukraine conflict entering decisive phase, Polish PM says

According to Donald Tusk, "no one knows how the conflict will end"

Defense ministers of five European nations to meet in Berlin on November 25

The French interior ministry said earlier that an emergency meeting of the NATO-Ukraine Council will be held on November 26 following Russia using its new missile against a Ukrainian defense sector facility

Germany to start supplying Ukraine with 'mini-Taurus' attack drones in December — report

A total of 4,000 AI-powered drones are set to be transferred, several hundred every month

Europe unable to wage war attrition on Russia — Ukraine’s ex-commander-in-chief

According to Zaluzhny, European countries lack munitions to shoot down air bombs

Russian military to warn Ukrainian civilians of future Oreshnik attacks — Kremlin

Earlier, the Russian Armed Forces carried out a precision strike on Ukraine’s Yuzhmash defense industry facility in retaliation for the use of US-and UK-made weapons for strikes on Russia

China against double standards in international law — Foreign Ministry

Spokesman Lin Jian highlighted Washington's use of double standards in handling the Israeli-Palestinian conflict within the United Nations

Zelensky shook up by Russia’s response to permission to attack it — Lavrov

According to the Russian foreign minister, the West is directly involved in the use of long-range weapons against Russia, as not a single missile could be launched without its involvement

Ukrainian army admits loss of 40% of territories it controlled in Kursk Region — agency

"At most, we controlled about 1,376 square kilometers, now of course this territory is smaller," the source said

Signal to West and 'red card': experts weigh in on Putin’s missile launch statements

The important message in Vladimir Putin’s speech was that "Russia does believe that the West has shifted from a proxy-war to direct war" and that the parties find themselves in "a global conflict" now, Dmitry Suslov said

34 rounds fired by Ukrainian troops at Kherson Region’s left bank settlements

Apart from that, according to the governor, shelling attacks were stages on the settlements of Golaya Pristan, Aleshki, Gornostayevka, Kairy, Obryvki, Zavodovka, and Sergeyevka

Zelensky’s actions make Ukraine vulnerable to coup, says politician

"Democratic institutions in the country have been destroyed, rendering dialogue between the government and the people impossible," Viktor Medvedchuk said

Most of Russian weapons manufactured inside Russia — Medvedev

3,500 people cross into Syria from Lebanon in past day — Russian military

Oleg Ignasyuk said that the Russian reconciliation center conducted two humanitarian operations in the Damascus governorate and distributed more than 5.9 tons of food among residents

Russia, CSTO partners to discuss West’s authorization of strikes on Russia — TASS source

"A top-level session of the CSTO Collective Security Council will be held in the near future, and this matter will naturally be addressed", the source told TASS

Two injured in bridge collapse in Crimea

"A car and a truck were on the bridge at the moment of collapse. Russian Emergencies Ministry rescuers retrieved two injured people," the ministry said

US expects Russia-North Korea cooperation to be formidable challenge in coming years

Mira Rapp-Hooper mentioned the US administration’s version, according to which North Korea has allegedly sent troops to engage in active combat in Ukraine

Gas supply by Gazprom for Europe through Ukraine totals 42.4 mcm via Sudzha

The day before, the pumping volume also equaled 42.4 mln cubic meters

NATO countries engaged in full-fledged war against Russia — Medvedev

According to him, the alliance is "fully engaged" in the Ukrainian conflict

Western countries should 'be afraid, tremble' after Putin's statement — lawmaker

Andrey Kartapolov added that the special military operation in Ukraine "will continue its course until all tasks are completed"

Biden’s actions on Ukraine meant to 'muck things up' for Trump — Lavrov

According to the Russian foreign minister, such behavior is "typical of the Democrats"

France only finishes off Ukraine by allowing it to strike inside Russia — diplomat

Zakharova said earlier that no attempts by "French warmongers" would change the outcome of the conflict

Attempted infiltration of Syrian government army positions by saboteurs foiled in Idlib

According to Ignasyuk, six shelling attacks on positions of Syrian government forces by the Jabhat al-Nusra and Islamic Party of Turkestan terrorist groups (both outlawed in Russia) were reported during the day. Two Syrian soldiers were wounded

Trump seeks to restore peace in entire world — transition team on Putin’s address

Trump’s inauguration will take place on January 20, 2025

Oreshnik missile to change course of Ukrainian conflict, Medvedev believes

Russian Security Council Deputy Chairman Dmitry Medvedev said it in an interview

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

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

US, Europe openly side with Kiev by supplying it with weapons — top Turkish diplomat

He stressed that today "it is vital prevent economic and political confrontation in certain regions of the world from growing into a real war."

Houthis say they attacked Israeli military base with hypersonic missile

The Israel Defense Forces said on Thursday evening that it had intercepted a missile launched from Yemen before it entered the Israeli airspace

Topol ICBMs to come out of service in Russia in 2024

It is planned that some of Topol ICBMs coming out of service will be used for civilian purposes as Start-1 carrier rockets

Trump to name investor Bessent as Treasury Secretary

Janet Yellen currently holds the position

Israel carries out four strikes on building in Beirut

At least four people were killed and 23 suffered injuries in an Israeli airstrike

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

Previously, Elon Musk said on the X social platform, commenting on Zelensky’s supposition that the United States cannot force Ukraine to "sit and listen" at the negotiating table because Ukraine is an independent country, that Zelensky has an "amazing sense of humor"

Enemy losses, mercenary intrigue, humanitarian aid: situation in Kursk Region

Over the day, the enemy lost 150 troops, four motor vehicles, an artillery piece and two mortars

German politician slams Ukraine’s ‘irresponsible’ strike on Russia with UK-made missiles

"A diplomatic search for balance and mutual understanding should be the goal, instead of further escalation," Alice Weidel said

Kremlin clarifies notification process for Oreshnik missile launch

"An automated warning was sent 30 minutes before the launch," Dmitry Peskov said

Russia’s Oreshnik has no analogues worldwide — Putin

"We know what kind of developments are being carried out there, but this will happen tomorrow or in a year or two, but we have such a system already today," the president said

Western air defense systems unlikely to intercept Russian missiles — France’s Le Monde

According to the French military source, Russia's recent use of the Oreshnik intermediate-range ballistic missile should be taken in the context of possible negotiations regarding the ongoing Ukrainian conflict

Russia will not artificially impede process of terrorist status lifting from Taliban

Russian Deputy Foreign Minister Andrey Rudenko said that completion of legal procedures of removing the terrorist organization’s status from the Taliban Movement will attribute a positive impetus to Russian-Afghan interaction in various spheres

Lukashenko grants asylum to Schmidt persecuted on political grounds by Poland

The head of state also approved citizenship applications from foreign nationals and stateless persons residing in the country

Bulgarian politician sees Oreshnik missile strike as wake-up call for peace

"European politicians need to think twice about what they do next, especially since Donald Trump, who will take office in two months, replacing the current White House occupant, has already expressed his commitment to the policy of peace," Krasimir Karakachanov said

Diplomat mocks US Senator for talking about invading Netherlands

Maria Zakharova quoted the US Senator, who called the ICC a "Kangaroo court" and ICC Prosecutor Karim Khan a "deranged fanatic"

Ukraine hopes to see US peace plan in January

Zelensky said he doesn’t know when he will be able to meet with Trump but this will obviously happen after his inauguration

Ex-German Chancellor considers dialog with Russia necessary to settle conflict in Ukraine

Angela Merkel advised politicians "to be authentic" when building up relations with US President-elect dondald Trump

Progress cargo spaceship docks to ISS

The process was controlled by specialists on the Mission Control Center on Earth and by Roscosmos cosmonauts Ivan Vagner

Internet shutdown possible in Belarus if events of August 2020 recur, Lukashenko says

Belarus faced widespread disruptions to mobile Internet access in 2020 due to the protests that erupted across the country

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

According to th statement, London is promoting new rounds of escalation

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"

Russia entitled to use weapons against military sites of states attacking it — Duma

"Russia has repeatedly stated that such actions will receive a response – and it will be a stronger one," Duma Speaker Vyacheslav Volodin stressed

US, West have no capabilities to intercept new Russian hypersonic missile — expert

"There is more in the Russian arsenal than many believe," said Karin Kneissl, the former Foreign Minister of Austria

State Department says US-India relations hit some headwinds due to Russia, BRICS

Kurt Campbell said that it is important to 'keep attention on the horizon'

Putting Sarmat ICBM systems into combat among Russian military's top priorities in 2024

Based on experts’ estimates, the RS-28 Sarmat is capable of delivering a MIRVed warhead weighing up to 10 tons to any location worldwide both over the North and South Poles

Russian ambassador says UK prime minister doesn’t understand situation in Ukraine

Turning to the Labour Party’s domestic policies, Andrey Kelin said Starmer’s plans to spur the economy were "not met with applause by the population

Weapons supplied to Ukraine cannot reach Russian territory, Spanish defense minister says

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

Trump to tap Richard Grenell as US special envoy on Ukraine — agency

Grenell would play a key role in Trump's efforts to halt the conflict if he is ultimately selected for the post

IDF verifying Hamas’ allegations about death of Israeli hostage in Gaza

Earlier in the day, Hamas reported the death of an Israeli woman who had been held hostage in the Gaza Strip

Israel strikes checkpoint on Syrian-Russian border — agency

The Jusiyah checkpoint is located on the border with Lebanon in the al-Qusayr area in the Syrian Homs governorate

West irrational, fails to understand it cannot intercept Russia's new missiles — Kneissl

The former Austrian foreign minister stressed that she "counted on rational Western decision-makers, but irrationality is unfortunately on the rise among them"