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Russian oil exports and consumption may fall by 2035-2040 — Economic Development Ministry

Ilya Torosov noted that the Low-Carbon Development Strategy and Russia's overall climate policy are based on shifting away from Russia's economic and budgetary reliance on hydrocarbons and toward production of high value-added products

MOSCOW, January 18. TASS/. The Ministry of Economic Development predicts that the Russian oil exports and consumption will fall between 2035 and 2040, First Deputy Minister Ilya Torosov told TASS.

"According to our projections, the Russian economy's exports and oil consumption will begin to drop around 2035-2040. The volume of power generated from coal will also decline, while the role of new innovative sectors in the economy will expand, particularly in the energy sector - nuclear and renewable sources," he said.

He added that the Low-Carbon Development Strategy and Russia's overall climate policy are based on shifting away from Russia's economic and budgetary reliance on hydrocarbons and toward production of high value-added products.

"In accordance with the presidential decree, our key priority is economically justified decarbonization, ensuring high socioeconomic development indicators, and reaching carbon neutrality by 2060. This balanced idea was used in the development of the tactical plan for implementing the Strategy, which is currently being coordinated among departments, including with the assistance of the Russian climate monitoring system project," Torosov said.

Earlier, Russian Presidential Aide Maxim Oreshkin said in an interview with Komsomolskaya Pravda that rapid growth in demand for oil in the world should not be expected, as the oil and gas sector is not the most promising part of the Russian economy.

He noted that Russia’s main challenge is to retain its role as the most competitive producer of oil and gas as demand begins to decline at some point.

According to Oreshkin, the geography and structure of consumption will also change in the coming years. He also noted that at the end of 2023, oil and production industries made a zero contribution to the growth of the Russian economy.

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

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

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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

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

Zelensky begs ‘for his country to be flattened’ — US journalist

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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"

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"

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

Kremlin sees US-led West ready to do anything to suppress Russia

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

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Rome plans to arrange Ukraine conference with Russia's participation

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FMBA plans to roll out new cancer vaccine in 2025

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Russian armed forces defeat Ukrainian assault Battalion Shkval in DPR

Kiev forces lost over 440 troops in battlegroup group West responsibility zone

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

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

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

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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"

Emergence of new weapons changed canons of war, Medvedev says

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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

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

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

Ukrainians have never seen the promised freedom, Viktor Medvedchuk noted

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

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

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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

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

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

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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

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

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Cargo plane crashes near Vilnius Airport in Lithuania

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German activists demand compensation from Ukraine for Nord Stream explosion

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

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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

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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

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

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

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Russian forces eliminate Ukrainian MiG-29 on ground

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

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

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

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

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

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

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

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Ukrainian strikes inside Russia impossible without Western support — newspaper

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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

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

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

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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"

Fire at warehouse in southern Moscow completely extinguished

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Twelve local residents have been evacuated from the scene

Putin, Turkish president hold phone talks — Kremlin

The leaders also discussed some international issues

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 State Department says 10,000 North Korean soldiers deployed to Russia’s Kursk Region

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Scholz vows to continue supporting Ukraine following his chancellor nomination

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Oreshnik can reach targets across entire Europe — missile troops commander

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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

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

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Kremlin refrains from predicting outcome of Romanian elections

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

Turkey to investigate causes of Russian Superjet emergency at Antalya airport

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

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

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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

Europe resumes talks of troop deployment to Ukraine — newspaper

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