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

{{newsPoint.title}}

{{newsPoint.title+ ' '}}

{{newsPoint.subtitle}}

Bank of Russia has effective tools to lower inflation towards target level

According to Elvira Nabiullina, there is currently inflation due to an internal supply and demand imbalance

MOSCOW, November 7. /TASS/. The Bank of Russia has effective tools to reduce inflation to the target of 4%, and will be ready to raise the key rate for this purpose, the regulator’s Governor Elvira Nabiullina said.

"The Bank of Russia has effective tools for reducing inflation towards the target. At recent meetings, we raised the key rate with tangible steps and will be ready to do this again if we do not see signs of a sustainable slowdown in inflation and cooling of inflation expectations," she was quoted in the report on the monetary policy of the Bank of Russia.

According to Nabiullina, there is currently inflation due to an internal supply and demand imbalance. Demand is increasing, but supply growth is constrained, hence price growth is escalating.

She also recalled that the Bank if Russia raised the trajectory of the key rate for 2023 to 15-15.2% in its new projection, and that the average rate for next year will be 12.5-14.5%. "This rate path will allow inflation to return to target by the end of next year and then stabilize at 4% in the future," the regulator said.

The Bank of Russia also noted in its report that government measures on the mandatory sale of foreign currency earnings by exporters have somewhat lowered the volatility of the ruble exchange rate. According to the regulator, the exchange rate is still dictated by the situation with foreign trade - smaller quantities of export profits are received with increased demand for imports compared to the beginning of the year.

"The situation on the global financial markets has a certain impact on the market, which leads to an increase in demand for dollar assets from international investors," the regulator said.

On October 11, 2023, the Russian government announced that, in order to stabilize the exchange rate, the sale of foreign currency earnings for a six-month term will be implemented for 43 groups of companies. As a result, beginning October 16, individual Russian exporters must credit at least 80% of all foreign currency received in accordance with the conditions of their export contracts to their accounts in Russian banks within 60 days of receiving funds.

Tags

Central Bank of Russia Inflation

Timing for commissioning entire Akkuyu NPP needs to be clarified — Russian ambassador

Alexey Erkhov also recalled Russia's interest in participating in the implementation of the second NPP in Turkey

Russia may soon push Kiev troops out of Kursk Region — Ukrainian battalion commander

It is noted that Russia has about three times as many men as the Ukrainians in the Kursk Region and six times as many explosive drones

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

Large number of Ukrainians to lose mobilization exemption after February 28 — deputy

In recent months, the number of Ukrainian employees with exemptions from military service has increased from 900,000 to 1.6 million

Kremlin spokesman says missiles like Oreshnik are developed in secrecy

Dmitry Peskov said that he himself did not know about this work before Russian President Vladimir Putin announced it

Scholz vows to continue supporting Ukraine following his chancellor nomination

The German chancellor listed supporting Ukraine at the top of his priorities should the SPD win and form a government

Retreating Ukrainian troops leave dozens of bodies behind in Chasov Yar

According to the sources, some of these makeshift morgues were destroyed by retreating Ukrainian troops

Fire at warehouse in southern Moscow completely extinguished

The firefighters were able to stop the fire from spreading to the adjacent building, where freon is stored

Ukrainian commander-in-chief reports threats to troops in Zaporozhye Region

Earlier, it was reported that the Russian forces had advanced for over 2 km near Malaya Tokmachka in the Zaporozhye Region

Ciolacu, Lasconi to face off in presidential runoff in Romania next month — exit polls

Voter turnout in the election stood at 52.41%

Putin appoints envoy for international criminal and legal cooperation

Ilya Rogachev is the first person to ever hold this office

Kremlin refrains from predicting outcome of Romanian elections

Dmitry Peskov noted that Russia is well aware of Romania’s current government’s policy

France, UK may deploy troops to Ukraine following ceasefire — expert

According to Elie Tenenbaum, European countries may send troops to east Ukraine to ensure the observation of a ceasefire regime and guarantee Kiev’s security

FACTBOX: What is known about Russian flight incident at Antalya Airport

A Russian Sukhoi Superjet 100 operated by the Azimuth airline caught fire as the plane landed at Antalya Airport on Sunday, TASS has compiled the key facts about the situation

Shooting of Selidovo residents by Ukrainian troops meant to repeat Bucha provocation

The shooting of civilians could have been meant to "simply intimidate people who want to continue living on their soil," Russian foreign ministry’s ambassador at large, Rodion MIroshnik said

Protest rally near Georgian parliament ends

Despite the large number of policemen involved and the proximity to police lines, no clashes with the protesters took place

Netanyahu may accept ceasefire in Lebanon to stop Hezbollah bombings — diplomat

According to al-Maliki, Israeli Prime Minister Benjamin Netanyahu is the only obstacle to a ceasefire in Gaza

Russia’s Medvedev warns Europe could face 'catastrophic damage' from Oreshnik missile

The Russian Security Council deputy chairman also commented on Vladimir Zelensky’s "resilience plan"

FMBA plans to roll out new cancer vaccine in 2025

Veronika Skvortsova noted that parallel studies are being conducted on vaccines for various cancers, including melanoma, skin cancer, and glioblastoma, a malignant brain tumor

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," Dmitry Peskov said

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 will respond 'in every way' to Seoul’s arms supply to Kiev — MFA

Deputy Foreign Minister of the Russian Federation Andrey Rudenko called on South Korean to soberly assess the situation and refrain from "reckless steps"

Lebanon wary of reports of potential ceasefire with Israel

Beirut is cautious for now because it is dealing with Israeli Prime Minister Benjamin Netanyahu "and all previous deals with him have failed," Lebanese Parliament Deputy Speaker Elias Bou Saab pointed out

Denmark, its neighbors hold talks with China about damaged cables under Baltic Sea-report

The Chinese ship is currently anchored in international waters in the middle of the Kattegat Strait off the Bjare Peninsula

Ukraine abandons Selidovo, laying mines in wells — security services

The Ukrainian armed forces used various modified Western-made mines and improvised explosive devices during the process

Independent candidate Georgescu leading first round of presidential election in Romania

Georgescu is reserved about Romania’s NATO membership and he has been cautiously pushing for normalization with Russia

'Western vector' leaves Ukraine poorest country in Europe — politician

Ukrainians have never seen the promised freedom, Viktor Medvedchuk noted

Defense contractor delivers new batch of Su-34 bombers to Russia’s Aerospace Forces

The new fighter-bombers have undergone necessary testing and have been sent to the places of their operation, Vadim Badekha noted

Russia’s Progress MS-28 cargo spacecraft diverts ISS from collision with space debris

It is reported that the Progress resupply ship fired its thrusters at 12:49 p.m. Moscow time (9:49 a.m. GMT) for about three minutes

Russian official describes OPCW note on use of chemicals in Ukraine as absurd

According to Kirill Lysogorsky, who leads the Russian delegation at the OPCW conference, Moscow is checking the information and will report on the outcome through its permanent mission to the OPCW

German activists demand compensation from Ukraine for Nord Stream explosion

The statement’s authors stressed that blowing up the Nord Stream pipelines was not aimed at Russia alone but "above all, was directed against Germany, its interests, and economy"

US needs Ukraine's rare earth metals, including lithium — Lavrov

The Russian foreign minister noted that American companies had already bought up most of the fertile land

Russian national Nikita Zhuravel sentenced to 14 years in prison for high treason

Nikita Zhuravel was detained in May 2023 in Volgograd for setting fire to the Quran in front of a mosque, and during questioning, he confessed that he did it for money, under instructions from Ukrainian intelligence

No int’l restrictions on deployment of Oreshnik systems — senior Russian diplomat

When asked if the 1998 Russian-US memorandum of understanding on notifications of missile launches remained in effect, Sergey Ryabkov answered in the affirmative

Putin has high hopes for cancer vaccine being developed in Russia

Head of the Federal Medical-Biological Agency Veronika Skvortskova briefed the Russian President on the vaccine's development

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

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

Georgescu wins first round of Romania’s presidential vote as ballot tally ends

Prime Minister Marcel Ciolacu, who leads the Social Democratic Party, ended up third with 19.15% of the vote

Turkey to investigate causes of Russian Superjet emergency at Antalya airport

The Turkish side will also provide information on the progress of the investigation

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

The Belarusian leader noted that they want to go to Warsaw

Russia’s launch of new missile illustrated assured retaliation capability, lawmaker says

Andrey Kartapolov also noted that the enemy currently has no defenses against the Oreshnik.

Fire at Tupras oil refinery extinguished

No one was injured in the fire, the company said in a press release

Ukraine’s military loses nearly 10,000 troops at LPR borders over week — military expert

Over the reporting period, Russian forces also destroyed 11 tanks, 89 field artillery guns, 16 electronic warfare and counterbattery radar stations, 33 field ammunition depots and more than 230 combat vehicles of the Ukrainian army in those frontline areas, Andrey Marochko said

Gazprom, Moldova plan to continue discussing gas supplies from January 1, Moldova's debt

The company also noted that Gazprom CEO Alexey Miller and Moldovan Energy Minister Victor Parlicov discussed cooperation in the gas sector at a working meeting

British military instructor captured, Ukrainian losses: situation in Kursk Region

In total, the enemy has lost more than 35,510 troops since the fighting began in the region

Russian diplomat doesn’t rule out missile deployment in Asia as response to US’ actions

Sergey Ryabkov warned Russia’s adversaries against settling into a "false sense of security"

Rome plans to arrange Ukraine conference with Russia's participation

Ukrainian Foreign Minister Andrey Sibiga is set to attend the G7 foreign ministers' meeting on November 26, marking the end of Italy’s presidency of the informal group

Restrictions under New START treaty don’t apply to Oreshnik missile — Russian diplomat

"As for New START, you are well aware of our decision to suspend it," Sergey Ryabkov said

Russian forces eliminate Ukrainian MiG-29 on ground

Additionally, Russian units eliminated one munitions depot

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

Russia to develop bilateral cooperation with Afghanistan — Shoigu

He pointed out that to this end, Russia will continue to support Kabul's integration into regional structures and associations

Press review: Russian air defenses can down Western missiles as EU conducts live exercise

Top stories from the Russian press on Tuesday, November 19th

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

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

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

Ukrainian strikes inside Russia impossible without Western support — newspaper

Russian President Vladimir Putin said on September 12 that Ukraine was unable to strike inside Russia without the West’s assistance because it would require intelligence data from satellites and flight assignments

T-90M tank shows itself as best in the world in real fight — Medvedev

Many experts believe this is the best tank of our time, compared to Western counterparts in particular, Deputy Chairman of the Security Council said

British mercenary claims he was sent to Russia’s Kursk Region against his will

The captive explained that he had served as a private in a battalion for four months

FACTBOX: Cargo aircraft crashes into apartment building in Vilnius, Lithuania

Twelve local residents have been evacuated from the scene

Russian forces pound Ukrainian military airfields, energy sites over day — top brass

It is specified that the Ukrainian army’s losses in the area of responsibility of Russia’s Battlegroup North in the Kharkov Region over the past 24 hours amounted to 30 personnel, two armored combat vehicles and four motor vehicles

Cargo plane crashes near Vilnius Airport in Lithuania

One of the pilots reportedly survived the crash, while no information is currently available about the other people on board

Guterres condemns supply of anti-personnel landmines to Ukraine

The UN Secretary-General urged world leaders to join the Ottawa Convention

Moscow to announce new Russian ambassador to US after relevant decree is signed — Kremlin

Previously, Russian President Vladimir Putin dismissed Anatoly Antonov from the office of Ambassador of Russia to the United States

Europe's 'hotheads' for sending troops to Ukraine, but there is no unity — Kremlin

"Earlier, of course, such ideas were heard from different European capitals, but various counterarguments were also voiced not in favor of this idea," Dmitry Peskov noted

Timing for commissioning entire Akkuyu NPP needs to be clarified — Russian ambassador

Alexey Erkhov also recalled Russia's interest in participating in the implementation of the second NPP in Turkey

Warehouse catches fire in southern Moscow, over 2,500 square meters on fire

According to the emergency response services, the fire is spreading rapidly

Europe resumes talks of troop deployment to Ukraine — newspaper

According to the sources, this is driven by the fact that Washington may scale back support for Ukraine after Donald Trump returns to office as US president on January 20, 2025

Citizens of Poland, Germany, Italy apply for residence permit in Lugansk Republic

The decisions will be made in response to these applications in the near future

Press review: Russia to mass-produce Oreshnik missiles and EU gas prices reach record high

Top stories from the Russian press on Monday, November 25th

Ukraine sustains almost 65,000 casualties from Russia’s Battlegroup North since May

Also, since mid-May, the Ukrainians have sustained at least 2,500 casualties per week from the Battlegroup West which has been active in areas adjacent to the area of the Battlegroup North’s responsibility

UK mercenary taken prisoner in Russia’s Kursk area — source

"A mercenary from Britain has been taken prisoner in the Kursk area," the person said

US 'stains' reputation by vetoing UNSC resolution on Middle East — Russian diplomat

Russia "will continue insisting on the most resolute measures to stop the bloodshed in Gaza," Dmitry Polyansky added

US did not contact Russia after use of Oreshnik missile — Deputy Foreign Minister

In his televised address to the nation on November 21, Putin stated that the United States and its NATO allies had authorized the use of long-range high-precision weapons before US and British missiles struck Russian military facilities in the bordering regions of Kursk and Bryansk

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

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

US gives Ukrainian servicemen guidance on selecting targets for ATACMS — White House

The Ukrainian servicemen "are able to use ATACMS to defend themselves on an immediate need basis," National Security Council spokesman John Kirby said

Western countries to ignore ICC arrest warrant for Netanyahu — expert

Asked whether the ICC warrant might cause a rift among Western countries with different approaches to the Palestinian-Israeli conflict, Andrey Baklanov replied he was skeptical this might ever happen

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

Russians liberate about 8 square kilometers east of Velikaya Novosyolka in Donbass region

Earlier, Rogov said Russian forces had pushed toward that locality from Novodonetskoye in the southeast and Yasnaya Polyana in the northeast

London intensifies anti-Russian campaign in face of impending ‘Ukrainian project’ failure

The realization of the impending failure of the ‘Ukrainian project’ London has been staking on in hopes of capitalizing on plans to inflict a ‘strategic defeat’ on our country by proxy is now as clear as ever," the embassy said

Romanian presidential candidate vows to end military aid to Ukraine

It is pointed out that Simion’s popularity has propelled him to number two in the polls after Prime Minister Marcel Ciolacu

Ukrainian army mercenaries from Colombia linked to US-controlled drug cartels — expert

Commenting on the motivation of Colombian fighters to join the hostilities in Ukraine, Alexander Stepanov explained that it is linked to the situation in the South American drug trafficking market

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

Ukrainian officer says 90% of fellow servicemen have no desire to fight

According to Vyacheslav Khomenko, soldiers in his platoon don’t have required combat experience

Senior envoy sees Putin’s statement as signal of Russia’s readiness for military responses

Sergey Ryabkov stressed that Russia has its underlying security interests "that will be ensured by every means that we have at our disposal"

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

US-led coalition aircraft violate Syrian airspace 16 times in past day

Apart from that, one violation of the deconfliction protocols of December 9, 2019 linked with the flights by the US-led coalition unmanned aerial vehicles was reporte

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"

Putin, Turkish president hold phone talks — Kremlin

The leaders also discussed some international issues

Emergence of new weapons changed canons of war, Medvedev says

According to Russian security council deputy chairman, this primarily concerns drones

Erdogan vows unwavering support for Palestine

According to the Turkish leader, Ankara is backing Palestine at all international venues

Potential deployment of intermediate-range missiles depends on US moves — Russian diplomat

Sergey Ryabkov stressed that "any escalation scenarios, if they start to materialize, will be a direct consequence of the reckless" and "inhumane policy that is pursued by Washington and leading European countries"

Russia delivers 1,200 tons of humanitarian aid to Afghanistan over past year

Such work will continue, Russian Security Council Secretary Sergey Shoigu said

Three Ukrainians almost freeze to death trying to flee into Hungary across Tizsa

The border security service regularly reports about men of recruitment age risking their lives by trying to cross the border illegally in the woods or by swimming across the River Tisza, which separates Ukraine from Romania and Hungary

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

French politician calls for protests against deployment of Western troops to Ukraine

Florian Philippot called on his supporters to rally "in support for peace and against this madness" on December 1

Explosion occurs at oil refinery in western Turkey, cause being investigated — TV

According to preliminary information, the incident occurred at about 8 p.m. (local time)

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

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

Russia gave OPCW over 30 reports proving Ukraine used banned substances, official says

Kirill Lysogorsky noted that "the Kiev regime continues to systematically use toxic chemicals and chemical riot control agents"

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