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Effect from OPEC+ deal was main cause of NWF doubling in 2019 — wealth fund

National Projects will be predominantly implemented using funds earned from the OPEC+ deal, according to the top manager

DAVOS, January 22. /TASS/. The economic effect from the OPEC+ oil production capping deal was the main cause of doubling the National Wealth Fund (NWF) in 2019 from 4.04 trillion rubles ($65.1 bln) to 7.7 trillion rubles ($124.2 bln), chief executive of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev told TASS on the sidelines of the World Economic Forum.

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The Russian budget received directly 7 trillion rubles ($112.9 bln) more, not including the NWF, but throughout the whole term of the deal, Dmitriev noted. "The budget has received directly more than 7 trillion rubles ($112.9 bln) from this deal, throughout the agreement existence period. Furthermore, the NWF has grown from 4.04 trillion rubles ($65.1 bln) to 7.7 trillion rubles ($124.2 bln), that is, the NWF actually doubled over the year. This largely indicates that the NWF resources through the fiscal rule have come exactly from the OPEC+ deal, increasing our reserves twofold," Dmitriev noted.

National Projects will be predominantly implemented using funds earned from the OPEC+ deal, the top manager said. "This is a revolutionary story, when the deal does not merely come to the budget but also gives a strong boost to reserves. Now, accordingly, one can say that investments of the NWF resources planned for different National Projects are mainly the investment of extra money Russia has earned on account of the OPEC+ deal," he added.

Export duty on coking coal to be canceled from December 1 — Russian Energy Minister

Russia currently has the moratorium in effect on the steam coal export duty

US must stop escalating Ukrainian conflict, says Russian senior diplomat

Sergey Ryabkov advised the new US administration and President-elect Donald Trump to treat this issue "with all seriousness"

West should read Russia's transparent nuclear doctrine carefully — top security official

"In general, the doctrine is uncomplicated, clear, and transparent," Sergey Shoigu noted

Groundless attacks on Russian journalists become trend in West — TASS

"When you want to find a black cat in a dark room, but the cat is a myth, you can find fault with anything," First Deputy Director General Mikhail Gusman noted

Key energy facility in Ternopol Region almost completely destroyed

Vyacheslav Negoda noted that a power shortage will remain in the region for a long time

Russia’s nuclear umbrella extends to post-Soviet security bloc under new doctrine — Shoigu

Russia’s revised nuclear doctrine also stipulates the criteria for the use of nuclear weapons when aggression is launched against Belarus by conventional arms and when there is a threat to the very existence of Belarus, Sergey Shoigu elaborated

China concerned about nuclear risks due to Ukrainian conflict — diplomat

Chinese Foreign Ministry Spokeswoman Mao Ning urged all sides "to remain calm and restrained, and to work together to de-escalate the situation through dialogue and consultations aimed at reducing strategic risks"

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

Kiev has ‘no chance’ of retaking lost territories — Blackwater founder

Erik Prince noted that it was necessary to end the Ukrainian conflict as soon as possible

Biden wants Trump to inherit hopeless Ukraine situation — Medvedev

According to the politician, this is why the US administration decided to allow strikes with ATACMS tactical ballistic missiles deep into Russia

Russia hands over BRICS chairmanship to Brazil

Russian Deputy Foreign Minister and BRICS Sherpa Sergey Ryabkov presented Brazil's Foreign Affairs Secretary for Asia and the Pacific, Eduardo Paes Saboia, with a symbolic "chairperson's hammer" made in the Urals as a sign of handing over the chairmanship of the association

US, NATO on brink of being recognized as parties to conflict with Russia — diplomat

According to Sergey Ryabkov, the West harbors a dangerous delusion that it can defeat Russia strategically

Russian plants are successfully substituting composites in shipbuilding

The use of composites in shipbuilding provides the whole range of advantages in terms of specific strength, durability, stealth pattern, small signature and higher speed of ships, Boris Bogomolov said

Press review: Russia to avenge Kiev's new strike as experts analyze US-EU trade risks

Top stories from the Russian press on Wednesday, November 27th

Kiev regime’s ringleaders completely illegitimate, says Putin

"From the legal point of view, they do not even have the right to give orders to the armed forces, because they are usurpers of power," the president said

Several Oreshnik missiles equivalent to nuclear strike, do not harm environment — Putin

The Russian president still reiterated that such a strike is not nuclear, because it is highly accurate and not equipped with a nuclear explosive device

Russian forces wipe out five ATACMS launchers using Iskander missiles

In particular, two MLRS launchers and a transporter-loader vehicle were destroyed near the settlement of Tokari, and three HIMARS launchers were taken out near the settlement of Maly Bobrik, the statement reads

Kiev troops attempted to kill British mercenary who surrendered to Russians — officer

In his words, they fired conventional 120mm mortar rounds, silent munitions and at least one FPV drone with a fragmentation charge

Ukrainian group of 22 servicemen surrenders in Kursk Region — law enforcement officials

Photos and videos of the surrender were also posted by military reporter and expert Boris Rozhin on his Telegram channel

Russia launches 100 missiles at Ukraine in past two days — Putin

According to the president, overnight, the Russian Armed Forces launched a comprehensive strike with 90 missiles and 100 drones, hitting 17 Ukrainian military targets

No existing missile defense system can counter Oreshnik — US expert

Theodore Postol also vehemently rejected suggestions that the Oreshnik system represents previous outdated developments of Moscow

Russia not going to leave strikes deep inside country unanswered — Putin

"As I have repeatedly said, we will always respond," the president emphasized

El Salvador considering Rosatom technologies for building nuclear reactors

Ivan Dybov noted that the Salvadoran authorities have done a great deal of work to prepare the regulatory framework for implementing nuclear energy projects

No turning back on BRICS independent payment system

According to Sergey Ryabkov, BRICS is creating a payment structure that countries of the global majority can use to protect themselves from "hostile states" who want to do them harm

Over 400 terrorists from Jabhat al-Nusra group wiped out in Aleppo, Idlib in past day

According to the Russian military, Jabhat al-Nusra’s units carried out 13 shelling attacks on the Syrian army’s positions in the Idlib de-escalation zone in the past day, with 12 attacks reported in the Idlib province and another one in the Aleppo Province

Kazakh president describes Putin’s state visit as ‘historic event’

Kassym-Jomart Tokayev described Russia as his country’s strategic partner and reliable ally

Russian diplomat says West sought to misrepresent Oreshnik strike, cast it as aggression

Maria Zakharova pointed out that for some, this was obviously a sobering moment, while for others it came as an unexpected surprise

One in three relocated individuals return to Russia from Ukraine — diplomat

Maria Zakharova pointed out that the Kiev regime itself brands these figures as "terrible"

Clashes between protesters, police break out in Georgian capital

Police officers are using tear gas, trying to push protesters back

FACTBOX: Impact of UAV attack on Krasnodar Region

Air defense forces repelled a massive drone attack on the Slavyansk and Krasnoarmeysky districts of the Krasnodar Region overnight

Russia may block agenda of US Security Council presidency next month — mission to UN

First Deputy Permanent Representative of Russia to the UN Dmitry Polyansky said that the US may try to complicate life for the successors to the presidency

Israel violates ceasefire agreement multiple times — Lebanese army

According to the statement, the Lebanese military command "is keeping an eye on [Israel’s] violations in coordination with the relevant agencies"

US president, not individual politicians, should make all decisions — Lavrov

Decisions are made by the supreme commander-in-chief, the top Russian diplomat said

Real wages to grow by 2.7% in average globally in 2024 — ILO

"In the meantime, wage growth has been uneven across regions, with emerging economies experiencing stronger growth than advanced economies," the International Labor Organization highlighted in its report

Russian stock market closes with rising indices

The MOEX Russia Index gained 2.25% to 2,547.88 points, while the RTS Index edged up by 0.78 to 732.48 points

Russia winning in Ukrainian conflict, Polish national security chief says

"The Russian side unquestionably holds both the initiative and the advantage on the battlefield," Head of the Polish National Security Bureau Jacek Siewiera said

Throughput capacity of Eastern Range to reach 180 mln tons this year

Visible results were also achieved in road building, Russian Prime Minister Mikhail Mishustin noted

Case against Ukrainian militants, Ukrainian losses: situation in Kursk Region

Over the past day, the enemy lost more than 250 men, an infantry fighting vehicle, an armored fighting vehicle, six cars and five mortars

Russia designs Titan rifle for commandos

The rifle is reliable with precise and dense fire

Bank of Russia may raise key rate to 23% in December — VTB top manager

In October, the Central Bank of the Russian Federation raised its inflation forecast for 2024 from 6.5-7% to 8-8.5%

Israel reports some violations of Lebanon ceasefire by Hezbollah

"The Israeli Air Force attacked the terrorists," IDF said

Putin believes that US President-elect Trump’s life may be in danger

Donald Trump survived two assassination attempts this year: one during a campaign rally in Pennsylvania in July, and the second one in September, when a radical supporter of aid to Ukraine opened fire near Trump’s Mar-a-Lago residence in Florida

FACTBOX: Collective Security Treaty Organization

The six member-countries are Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan

Europe not yet seriously considering sending its servicemen to Ukraine — magazine

At the same time, the media outlet specified that "the big idea is at least being discussed at high levels in European capitals"

Takeaways from Putin’s Q&A session in Kazakhstan: Oreshnik missile, inflation, ruble

The Russian president also spoke about inflation and the ruble exchange rate, noting that the situation is under control

Hungarian PM’s office rules out his trip to Moscow for 80th anniversary of Victory

Gergely Gulyas was commenting on the decision of Slovak Prime Minister Robert Fico to go to the Russian capital to celebrate the anniversary of Victory at the invitation of Russian President Vladimir Putin

Russia’s participation in building nuclear plant in Kazakhstan possible — Putin

Power plants of the Russian state corporation Rosatom are world’s best in terms of safety, the head of state noted

Russia’s top diplomat slams NATO for discussions of preemptive strikes on Russia

"These claims were made by some admiral. Absolutely reckless. They have a lot of high-ranking military officials who have never even seen real battle," Sergey Lavrov stated

CSTO foreign ministers, security officials discuss military-political situation in region

The participants of the meeting approved a number of documents submitted to the CSTO Collective Security Council, and "took decisions aimed at further expanding the allied relations, improving foreign policy coordination, and strengthening the CSTO collective forces"

Russia developing echeloned system for air and missile defense — expert

Alexander Stepanov pointed out that "this also applies to intermediate-range high-precision systems such as the Tomahawk and other weapons that NATO countries may provide to Ukraine"

More than 80% of settlements in Kazakhstan are in national currencies — Putin

The head of state cautioned against any steps that would be directed to ruin relations between the two countries

Russian air defenses intercept 3 HIMARS systems, destroy 18 Ukrainian drones — top brass

Moreover, 18 Ukrainian drones were eliminated, Defense Ministry Spokesman Igor Konashenkov added

Russia’s deputy foreign minister praises Brazil’s approaches to future BRICS presidency

According to Sergey Ryabkov, BRICS is at the forefront of discussions, work, and efforts on all issues – from artificial intelligence to climate

Oreshnik’s massive strike comparable to nuclear weapons — Putin

The Russian leader additionally stressed that "certainly, Oreshnik is not a weapon of mass destruction"

Georgia wants to restore territorial integrity peacefully — acting PM

In August 2008, an armed Georgian-South Ossetian conflict broke out after Georgian troops attempted to take control of Tskhinval

West should consider Russia’s signal on weapons, no point in discussing details — MFA

Maria Zakharova underscored that Russia's response to deployments of missile systems by the West that create additional threats to Russia could involve both tit-for-tat and asymmetric countermeasures

Export duty on coking coal to be canceled from December 1 — Russian Energy Minister

Russia currently has the moratorium in effect on the steam coal export duty

Russia, unlike West, does not interfere in internal processes in Georgia — Putin

The Russian leader admitted that he was surprised at the courage and firm character which the Georgian authorities displayed recently in defending their position on the Transparency of Foreign Influence law

Protests break out in Georgia after ruling party moves to suspend talks with EU

Demonstrators have gathered in front of the ruling Georgian Dream - Democratic Georgia party’s central office where officials remain after a meeting that decided to suspend the process of the country’s integration into the EU

Biden’s initiative on Middle Eastern ceasefire overdue yet important — Erdogan

"Regional and global peace cannot be achieved unless an urgent, just, lasting ceasefire is established in Gaza," the Turkish leader stressed

Biden unlikely to dare to seriously increase military aid to Kiev — expert

"The potential future use of Oreshnik will render ATACMS and Storm Shadow as battle-losing capabilities," a retired British diplomat and former economic counsellor at the British Embassy in Moscow Ian Proud said

Netherlands joins European long-range missile initiative

Under the French ELSA (European Long-Range Strike Approach) initiative, European countries want to develop land-based cruise missiles with a range of 1,000 to 2,000 kilometers

Rosatom hopes to reach agreements on nuclear fuel cooperation with Argentina in 2025

"In particular, we are in talks on a number of projects related to cooperation in the nuclear fuel cycle," Ivan Dybov, head of the Rosatom America Latina center, said

West tired of Ukrainian conflict, while Russia ready to continue it — magazine

The article noted that the West "no longer has the political will to help Ukraine win by military means" and is trying to achieve peace through negotiations with Russia"

FACTBOX: What to know about attacks of militants on Syria’s government forces

Putin promises to inform his CSTO colleagues about situation in special military op zone

The Russian leader noted that he always did this in the course of meetings of the CSTO Collective Security Council

Strike on NATO bases possible in case of escalation, Medvedev says

He made this comment answering a question if Russia can strike military hubs in Romania and Poland

Executioner of Nazi war criminal Eichmann dies in Israel aged 86

The Israeli authorities have long kept his name secret

US cutting aid to become death sentence for Ukraine — Russia’s mission to UN

According to Dmitry Polyansky, the Kiev authorities "have stolen so much in these almost three years that even many Western experts' hair stands on end"

Three countries express interest in BrahMos missiles

"Talks are being held with Indonesia, Vietnam, and the United Arab Emirates," Alexander Maksichev revealed

Bank of Russia to consider raising key rate in December

According to Advisor Kirill Tremasov, the official inflation forecast of the Bank of Russia for the end of the current year is 8-8.5%, by the end of next year it should be 4-4.5%

Design of super-heavy rocket to be finalized based on new technologies — Roscosmos

"The development of a super-heavy class rocket exposed a need for introducing innovative solutions, including new materials and engines," the press service said

Ukrainian forces follow Russian troops’ example to use fiber optics drones, Putin says

The head of state is confident that there will be a quick response from the Russian side

Senators support Putin's decision to launch Oreshnik missile — speaker

Valentina Matviyenko noted that the Federation Council is willing to further support actions aimed at protecting Russia

Slovak PM accepts Putin's invitation to attend Victory Day festivities in Moscow next year

Robert Fico pointed out that "the Red Army and the peoples of the former Soviet Union made the greatest contribution to the defeat of fascism and the victory in World War II"

Russia to thwart any missile attacks on its territory — Medvedev

The Russian Security Council Deputy Chairman stressed that "what is happening now crosses all red lines," referring to American ATACMS tactical ballistic missiles attacks on Russia

Russian forces now control about eight hectares of land near LPR’s Stelmakhovka — expert

Andrey Marochko noted that after liberating Pershotravnevoye in the Kharkov Region and creating a bridgehead there for further advance, the Russian servicemen advanced to the west of the occupied borders

Putin concludes state visit to Kazakhstan

Before leaving, the Russian president was answering journalists’ questions on various subjects for almost an hour

Unidentified UAVs continue to appear over US Air Force bases in UK — newspaper

On Tuesday, about 60 British military experts were stationed at US airbases across the UK to operate a counter-UAV system to operate a counter-UAV system designed to detect, track and destroy them

Putin declares Kazakhstan visit a success

The Russian leader pointed out that Kazakhstan is more than just a trusted ally of Russia

Western analysts describe Russia's Oreshnik as longest-range weapon ever used in Europe

The recent strike on the Yuzhmash missile-producing plant in Ukraine demonstrated Russia’s "real military capability", a nuclear nonproliferation expert at the Middlebury Institute for International Studies said

Putin slams election mudslinging against Trump’s family as 'vile'

According to the Russian president, when gangs fight with each other, they "don’t target women and children but leave them alone"

NATO spies study damage from Oreshnik at Yuzhmash — expert

Alexander Stepanov emphasized that both Kiev and its Western allies are closely scrutinizing the consequences of the strike on the plant

Russia acted responsibly in warning US about Oreshnik missile launch, Kremlin says

The US was notified automatically 30 minutes before the launch by Russia's Nuclear Risk Reduction Center

Israel ready for all-out war should Lebanon ceasefire be disrupted, PM says

If the agreement is violated, we will proceed to an all-out war," Benjamin Netanyahu told

Russia strikes Ukrainian military airfields, manpower in 146 areas over past day

Russia’s Battlegroup South inflicted roughly 330 casualties on Ukrainian troops and destroyed two enemy ammunition depots in its area of responsibility over the past day, the Defense Ministry reported

Russia ready for talks with Ukraine on conditions proposed in June — Putin

The head of state held a meeting with the leadership of the Russian Foreign Ministry in June, where he listed the conditions for talks with Ukraine

Biden's decision on ATACMS 'not panacea', it will harm Kiev — Defense News columnists

The article reads that the US intelligence community warned of the risks associated with US missile strikes on Russian territory and suggested abandoning the decision

Georgia suspends consultations on launch of EU accession talks until 2028

According to Prime Minister Irakli Kobakhidze, Georgia needs to make European bureaucrats understand that they should use decent language with the country rather than employ blackmail and insults

Putin apologizes to Merkel over labrador incident

The president said that he "wanted to create a casual, friendly atmosphere" and did not know that the former German chancellor was afraid of dogs

Russia hopes to publish list of BRICS partner countries by year’s end — MFA

Sergey Ryabkov pointed out that "the world's interest in interacting with this structure is very high"

Kiev can only produce 'dirty bomb,' Russia to give appropriate response — Putin

"Of course, it’s possible to produce something dirty - the so-called 'dirty bomb' - using waste from nuclear power plants," the Russian leader emphasized

Kiev opposes Washington's demand for lowering draft age — media

A representative of US President Joe Biden's administration had earlier stated that the Ukrainian military is facing a critical manpower shortage

Ukraine demolishes buildings with soldiers inside as Russian forces advance — DPR leader

Amid the successful advance of Russian forces, Ukrainian troops have been indiscriminately attacking civilian neighborhoods in Gorlovka, which is adjacent to Dzerzhinsk, Denis Pushilin said

Belarusian President Lukashenko points to 'NATOfication' of Europe, entire world

"The arms race is rapidly gaining momentum," Alexander Lukashenko underlined

Iran challenges US, UK, France military capabilities, IRGC general says

"The entire military potential of the US, UK, and France was mobilized to prevent Iran's operation, but the IRGC completed its mission," Ali Fadavi said

Russia’s nuclear potential is powerful 'security blanket,' US admits — top researcher

Mikhail Kovalchuk noted that Russia should continue strengthening this potential

Oreshnik becomes serious problem for Ukraine — Polish general

According to Waldemar Skrzypczak, satellite reconnaissance failed to detect the launch and flight of this missile

Decision-making centers in Kiev could be targeted in Oreshnik strikes — Putin

The Russian leader also mentioned military facilities and defense industry enterprises as possible targets

Iran informs IAEA of plans to install more uranium enrichment units — report

Tehran informed the IAEA that eight recently added cascades of IR-6 machines would enrich uranium to up to 5% purity

FACTBOX: Ukraine faces explosions, blackouts

Explosions occurred in Kiev, Nikolayev, Vinnitsa, Kropivnitskoye, Odessa, Kharkov, Lutsk, Ivanovo-Frankovsk, and Rovno