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Global economy may drop more than 5% in case of second pandemic wave

Russia's economy will also fall deeper, Dmitry Medvedev said

Deputy Chairman of the Russian Security Council Dmitry Medvedev Yekaterina Shtukina/POOL/TASS

Deputy Chairman of the Russian Security Council Dmitry Medvedev

© Yekaterina Shtukina/POOL/TASS

MOSCOW, July 9. /TASS/. The global economy may decline by more than 5% if the second wave of the coronavirus pandemic occurred, Deputy Chairman of the Russian Security Council Dmitry Medvedev said in an interview with reporters of the Komsomolskaya Pravda publishing house.

The IMF revised its outlook downward for global GDP earlier, which is expected to sink by 4.9% this year and grow by 5.4% next year.

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"The global economy may drop by more than 5%," Medvedev said, responding to a question about developments in the event of a second pandemic wave. "Our economy will also sink deeper," he noted.

"However, if the pandemic is able to be dealt with, and we expect that and proactively work for this purpose, then the recovery could be fairly quick," the official added. There are "actually no" other objective causes for a crisis affecting the global and domestic economies, apart from the pandemic or a drop in energy prices, Medvedev added.

Hungarian PM highlights need to lift sanctions on Russia once Ukraine conflict is resolved

Viktor Obran added, however, that only a couple of EU countries shared Hungary’s position

Oreshnik’s launch is sudden, undetectable by satellites — analyst

The range of the Oreshnik system is up to 5,500 kilometers

Ukrainian shelling of Russia’s Rylsk damages 12 buildings — governor

Three of them are not subject to restoration, Alexander Khinshtein said

Russia calls Israel’s annexation of Golan Heights unacceptable — MFA

"Israel must return to the full compliance with the well-known 1974 agreement with Syria," Deputy Foreign Minister Sergey Ryabkov stressed

Russia to raise issue of Ukrainian strikes on Rylsk at UNSC meeting on Friday — diplomat

Acting Kursk Region Governor Alexander Khinshtein said earlier that the town of Rylsk, located some 120 kilometers west of Kursk, had come under Ukrainian fire

Acting Kursk region governor revises death toll in Rylsk attack down to five

The number of those injured in the missile attack was revised up to 12 from 10

Magdeburg attacker may be charged with murder of 5, attempted murder of 205 — prosecutor

The motive for committing the crime could have been dissatisfaction with the treatment of Saudi refugees in Germany, Dr. Horst Nopens, Head of the Magdeburg Public Prosecutor’s office, said

Russia’s capture of two DPR settlements paves way for liberation of Kurakhovo — official

Vladimir Rogov also noted that the liberation of Zelenovka and Novy Komar hastens the process of liberating major logistics hubs

Press review: Putin outlines Russia's future goals and Tehran faces energy blackout riots

Top stories from the Russian press on Friday, December 20th

Scholz says he intends to continue to speak directly with Putin in future

The German Chancellor claimed he intended to "make clear" to the Russian leader the need for his contribution to ending the conflict and withdrawing troops

Assad allegedly hands list of military targets over to Israel before leaving Syria — media

According to the Turkish newspaper, the former Syrian president did it to ensure his own safety

Heat supply cut off in almost 90 houses in Rylsk in wake of Ukrainian attack — official

According to Alexander Khinshtein, repair teams are working at the site

US Congress passes stopgap funding bill to avert government shutdown

As many as 85 senators backed the bill, while 11 voted against it

Artyom military plant reportedly on fire after explosions in Kiev

The Artyom plant is known for producing air-to-air missiles, as well as equipment for aircraft

Social facilities, homes damaged by Ukrainian missile attack on Rylsk — acting governor

"The buildings of the House of Culture, physical fitness center, teachers’ training college, school, firefighting depot and private households were damaged," Alexander Khinshtein said

US defense companies capitalize the most on Ukraine conflict — Russia’s UN envoy

Vasily Nebenzya referred to data from the SIPRI which put last year’s revenues from sales of arms by the world’s top 100 largest businesses in the industry at $632 billion

Russian troops break through Ukrainian defenses near Oskol Reservoir in Kharkov Region

The new positions will enable Russian troops to advance further in that frontline area and deliver more effective strikes on the enemy, Andrey Marochko specified

Nine-months pregnant woman injured in Ukrainian attack on Russia’s Rylsk

According to the latest data, a total of nine people sought medical assistance after the attack

Putin declares 2025 year of defender of Fatherland

The Russian president made the announcement at a meeting of the State Council

Key rate, inflation and criticism of Central Bank: statements by regulator’s chief

The Bank of Russia has taken a pause in raising the key rate, though a long period of tough monetary policy will be required to bring inflation back to the target

Putin grants Russian citizenship to Italian opera icon Giancarlo del Monaco

Over the course of his career, del Monaco has directed more than 100 operas in major theaters around the world

Russia has no concerns about who attends Trump's inauguration — senior diplomat

According to Sergey Ryabkov, this issue lies "on the periphery" for Moscow, and Russia views it "detachedly"

FACTBOX: Ukraine shells Kursk Region's Rylsk

All emergency response services are working at the site of the strike

Putin challenges West to try to intercept Oreshnik missile in Kiev

"Let them choose a target, say, in Kiev, and amass their air and missile defense systems there, while we will launch an Oreshnik missile at the target," the Russian leader said

Russia to retaliate against Ukrainian strikes, just as Putin said — Kremlin

"Russia’s position is well known, it was voiced by Putin back in St. Petersburg," Dmitry Peskov stressed

NATO prepares for war with Russia, Moscow takes these risks into account — senior diplomat

According to Alexander Grushko, NATO's general course poses a danger both to Russia and to the entire architecture of global and regional security

German police confirm death of four people in Magdeburg Christmas market attack

According to the law enforcement agencies, a total of 205 people suffered injuries, with 41 being in critical condition

IN BRIEF: What is known about drone attack on residential buildings in Kazan

TASS has gathered the main information about the incident

Kremlin mum on reports about Slovakian prime minister's plans to visit Moscow

Serbian President Aleksandar Vucic said earlier that the Slovak prime minister intended to hold talks with Putin on December 23 amid Vladimir Zelensky's refusal to extend gas transit through Ukraine

Russia forgives Somalia's Soviet-era debt

"One hundred percent of the stated amount is consolidated in accordance with this agreement," the document reads

Three of eight drones that attacked Kazan targeted defense industry facilities — head

The Tatarstan head Rustam Minnikhanov also noted that all operational services worked well when dealing with the aftermath of the drone attack

Putin responds to question about Russia's weakness by quoting Mark Twain

The president noted that Russia had become much stronger over the past two or three years as it became a truly sovereign country

Kherson Region governor says Ukraine tries to make people leave Kherson City

According to Vladimir Saldo, Ukrainian authorities are stopping the provision of humanitarian aid to people

Orban does not intend to react to Zelensky's provocations, will remain calm

The Hungarian prime minister reiterated that his proposal for a Christmas ceasefire and prisoner exchange between Ukraine and Russia remains on the table

Regional authorities confirm deaths of five people in Magdeburg Christmas market attack

A BMW driver ploughed his car into an outdoor Christmas market in downtown Magdeburg on Friday night

Strike on SBU control center response to Russian general’s assassination, expert says

The ministry clarified that Ukraine launched a missile strike against the Kamensky Integrated Plant in the Rostov Region using six US-made ATACMS missiles and four Storm Shadow cruise missiles

Slovak PM to visit Moscow for talks with Putin, Serbian president says

"Robert Fico will travel to visit Putin as a European countries leader," Aleksandar Vucic said

Turkish president calls on West to stop Israel in Syria before it’s too late

"All international mechanisms need to be effectively employed in order to prevent Israel from exploiting the situation in Syria," Recep Tayyip Erdogan said

Ukraine loses over 300 troops, two Bradley vehicles in Kursk Region in past day

Eight motor vehicles and two electronic warfare stations were also destroyed? the ministy added

As many as 70% of soldiers desert from reinforcements sent to Kurakhovo — politician

The situation is similar at several other sections of the frontline in the DPR

Russia has confidence in its weapons, senior diplomat says

Russian Deputy Foreign Minister Sergey Ryabkov also stressed that the recent developments had shown that the US policy of establishing a system of increasingly layered missile defenses was wrong

Putin agrees 'Russian world' now faces war

The Russian leader also agreed with Sergey Mironov, head of the "A Just Russia - For Truth" faction in the Duma, who said that "the birth rate is insufficient, because the matter concerns extinction"

Baltic states threaten mass deportation of Russians, take lead in Russophobia — statement

The Foreign Ministry noted that the facts of discrimination and persecution of Russians are often ignored by the official leadership of countries and international human rights agencies, leading many victims to remain silent

Russian diplomats doing their best to release Gaza hostages — ambassador

Anatoly Viktorov expressed his wholehearted support to the family of Yelena Trufanova whose son Alexander is still being held hostage in the Palestinian enclave

IN BRIEF: Magdeburg Christmas market attack kills 11, injuring roughly 80 others

TASS has compiled the key facts behind the deadly attack

Hungarian PM highlights need to lift sanctions on Russia once Ukraine conflict is resolved

Viktor Obran added, however, that only a couple of EU countries shared Hungary’s position

Maximal costs of Nord Stream pipeline repair to be 633 mln euro

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Kiev’s Western patrons complicit in recent attack on senior Russian general — UN envoy

Vasily Nebenzya recalled that Igor Kirillov had repeatedly presented evidence of the military activity of US laboratories in Ukraine

Almost 20 drones downed over four Russian regions, Black Sea last night

According to Russia's Defence Ministry, attempts to conduct attacks against facilities on Russian soil were thwarted

Scholz could travel to Moscow to boost his party’s approval rating — report

Germany is scheduled to hold a parliamentary election on February 23, 2025

Russia manages situation in Ukraine, while West in big trouble — US political scientist

According to John Mearsheimer, Russia has become much stronger over the past two to three years because it has managed to become "a truly sovereign country"

Russian forces create bridgehead near Kupyansk-Uzlovoy in Kharkov Region — expert

Ukrainian forces have been shifting significant reserves to this settlement, including fresh recruits with little to no training, to retain Kupyansk

Musk believes Germany’s Scholz should step down after car drives into crowd in Magdeburg

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UK unwilling to send military instructors to Ukraine for fear of Russian attacks — media

According to a source, "Russians would target any kind of Western assistance inside Ukraine"

West should consider Putin's words on Oreshnik missile duel — diplomat

Foreign Ministry Spokeswoman Maria Zakharova emphasized that the rhetoric about "inflicting a strategic defeat on Russia" is firmly rooted in the mentality of the NATO regimes not at all as hypothetical assumptions

Ukraine's refusal to transit Russian gas will hit EU economies hard — French expert

According to Jacques Sapir, the decision not to extend transit contracts was no surprise given the political landscape

German president intends to dissolve Bundestag on December 27

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Ukrainian troops struggling to escape being trapped in Lozovaya in Kharkov region — expert

In general, "quite active hostilities" are taking place near Dvurechnaya and Lozovaya in the Kupyansk sector of the line of engagement, Andrey Marochko noted

German chancellor exasperated by idea of spending frozen Russian assets to help Kiev

According to the Financial Times, the idea was promoted by the US and UK but resisted by Germany, France and Italy

Banks find opportunity to work under sanctions — Central Bank chief

It does not mean there will be no such risks in the future but it is very important in this regard for the financial stable to remain stable, Elvira Nabiullina said

Series of explosions rock central Kiev — eyewitnesses

Earlier, Ukrainian media reported about explosions in the capital, and local authorities informed about the work of air defenses

Several HIMARS rockets downed over Kursk Region as Ukraine continues attacks

Acting Governor Alexander Khinshtein added that he was currently in Moscow for a State Council meeting but planned to travel to Rylsk as soon as possible

Putin shrugs off potential deployment of US THAAD missile defense systems in Ukraine

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Mother of missing US reporter thanks Putin for promising help in locating her son

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Ukraine will soon run out of willing fighters, Putin says

The head of state pointed out that ex-British Prime Minister Boris Johnson had said at some point that Ukraine "needs to keep fighting until the last Ukrainian"

Expert predicts Russia, new Syrian authorities to establish strong ties

According to Wu Yihong, Russia will seek to retain its two military facilities in Syria

Yemen’s Houthis announce hypersonic missile strike at military facility near Tel Aviv

Israel’s Ynet media outlet reports that at least 30 people suffered injuries after a missile fired from Yemen fell in central Israel

Ukrainian unit of machine-gunners disguised as Russian soldiers shoots civilians — captive

According to Bogdan Nikitchenko, the command sends "anyone available" to the Kursk Region

Four new Russian regions moving toward self-sufficiency at a rapid pace — Putin

According to the head of state, tax revenues have seen a consistent increase in absolute figures

Zelensky actually flips the bird to Trump by insulting Putin, Medvedev says

The politician emphasized that "the president of a major country should be extremely polite and amiable"

Ukraine to halt Russian gas transit on January 1, 2025 — Ukrainian PM

The restart of transit via the Ukrainian gas transportation system is possible at a request of the European Commission if this is not Russian gas, Denis Shmygal said

Russian public may one day decide to bury Lenin proper, Putin speculates

The Russian president still noted that "today, especially in today’s Russia, we must not do anything that could divide the country"

Kremlin spokesman clarifies Putin’s statement about Oreshnik 'duel'

"It is very important to talk about these statements by the president in the context of the question he was asked," Dmitry Peskov pointed out

Putin calls issue of Vladimir Lenin’s burial extremely sensitive

"These are certainly not the questions to be addressed during a Q&A session or press conference," the head of state said, commenting on several remarks by a reporter

CIA station in Kiev targeted in recent Russian attack, military expert reveals

According to Alexander Stepanov, strikes are systematic efforts to gradually wipe out the military capabilities of Ukraine

Airborne troops from Russia’s Battlegroup Dnepr wipe out enemy position in Kherson region

A Russian airborne crew hit the target by firing a 120-mm mortar gun on a Ukrainian temporary position

Russia recognizes Ukrainian businessman Akhmetov as extremist

According to the Justice Ministry, the Ukrainian businessman belongs to the group which "is based on ideological and property interests clearly aimed against Russia"

Ukrainian attack on Kursk Region town kills 6, injures 10 — official

The interim governor called the shelling of Rylsk a huge tragedy and expressed condolences to the loved ones of the victims

Response to Ukrainian attack on Russia’s Rylsk to come shortly — Russia’s UN envoy

Vasily Nebenzya warned as he denounced the attack as yet another unambiguous step by the Kiev regime toward escalation

Bank of Russia keeping close eye on prevention of excessive cooling of economy

The regulator said earlier following its board meeting that the cooling of credit activity has already encompassed all segments of the credit market

Russia-US dialogue on Ukraine can be conducted on different platforms — senior diplomat

Everything depends on its content and the approach of the team of US President-elect Donald Trump are important, Russian Deputy Foreign Minister Sergey Ryabkov said

Russian forces control more than half of Chasov Yar in DPR — expert

Andrey Marochko noted that Russian forces had "slightly advanced" in the northern and southern parts of Chasov Yar

Putin suggests Zelensky may flee abroad, says Russia would take him in

"But he will be taken care of by those people whose interests he is serving now," the Russian leader said

Arkhangelsk nuclear submarine ready to join Russian Navy — Sevmash Shipyard CEO

Project 885M nuclear-powered submarines carry Oniks and Kalibr-PL cruise missiles as their basic strike weapons

Possible arrival of new Russian envoy before Trump’s inauguration depends on US — diplomat

"However, since he is a very prominent and experienced diplomat, I think the host country should have no doubt that he will show a high level of professionalism and his efforts will aim to at least slightly improve bilateral relations," Russian Deputy Foreign Minister Sergey Ryabkov noted

‘Arkhangelsk, ’ ‘Knyaz Pozharsky’ nuclear submarines to join Russian Navy soon — commander

Admiral Alexander Moiseyev noted that the construction of nuclear submarines is Sevmash’s main purpose, which is performs successfully

Poland to import 10% of LPG from Russia after EU sanctions take effect

According to the Polish Liquid Gas Association, Poland purchased about $500 mln worth of liquefied petroleum gas from Russia during the first ten months of 2024

Kiev takes out its anger for military defeats on Russian people — diplomat

Foreign Ministry Spokeswoman Maria Zakharova also emphasized that Moscow is outraged by the hypocritical silence of the West and its media on the terrorist attacks in Russia

Aleppo taken by 350 militants while 30,000 gov’t troops retreated without fight — Putin

The Russian president recalled that no Russian land troops had been deployed to Syria, with Russia having only an airbase and a naval base

Massacre staged by retreating Ukrainian troops in Selidovo — report

According to Maxim Grigoryev, videos of interviews with witnesses and preliminary forensic examination of the bodies indicate that most of the victims are elderly women

Russia’s Battlegroup South liberates settlement of Ostrovskogo in DPR — Defense Ministry

"The enemy lost up to 285 troops, two armored combat vehicles, two motor vehicles, a D-30 122 mm howitzer, a US-made M119 105 mm howitzers and five field ammunition depots," the ministry added

US grants 3-month exemption from sanctions on Gazprombank for Hungary — Orban

Hungary will now be in a relatively safe position for several months, the prime minister said

Putin meets with Federation Council Speaker Matviyenko in Kremlin

The upper chamber of the parliament wrapped up its autumn session

Ukrainian lawmaker slams Zelensky for trying to bribe Slovak PM

The lawmaker believes that the bribe money wasn’t meant to come from Russia’s frozen funds but Zelensky "could have brought it in a suitcase"

Trump wants NATO countries to increase defense spending to 5% of GDP — FT

The sources also told the Financial Times that Donald Trump intends to continue the military aid to Ukraine despite the statements he made during his presidential campaign

First-ever baby conceived using technology that matures eggs outside body born in Peru

The US company Gameto said that the technology allows for minimal hormonal intervention in a woman’s body during the in-vitro fertilization procedure, reducing side effects

Ship with sailors from Syria, Egypt sends distress signal in Kerch Strait

According to the trade union, there are 16 people on board: one Egyptian citizen and 15 Syrians

Russian cancer vaccine to be free of charge — top oncologist

It is planned to launch it in general circulation in early 2025

Ukraine to cede territory regardless of US aid — news agency

According to the news agency, Kiev expects a "bitter settlement," which implies giving up territorial claims and NATO membership in exchange for security guarantees

What is known about Russia’s retaliatory strike on Ukraine after attack on Rostov Region

Kiev Mayor Vitaly Klitschko reported the fires in Solomensky and Shevchenkovsky districts

Russian troops liberate 10 communities in Donbass region over week — top brass

Russia’s Battlegroup West inflicted more than 3,610 casualties on Ukrainian troops and destroyed six enemy ammunition depots in its area of responsibility over the week