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Severstal posts 79% surge in 2023 net profit under IFRS, 22% rise in EBITDA

Capex edged up by 7% in 2023 to 72.63 bln rubles

MOSCOW, February 2. /TASS/. Net profit of Severstal under International Financial Reporting Standards (IFRS) climbed by 79% in 2023 compared with the previous year to 193.87 bln rubles ($2.1 bln), while EBITDA rose by 22% to 262.23 bln rubles ($2.9 bln), the steel and mining company reported.

Revenue added 7% in the reporting period to 728.31 bln rubles ($8 bln), free cash flow fell by 23% to 119.97 bln rubles ($1.3 bln), while EBITDA margin totaled 36% compared with 31% in the previous year. Capex edged up by 7% in 2023 to 72.63 bln rubles ($802 mln).

Total debt increased to 163.1 bln rubles ($1.8 bln), up by 61% in annual terms due to foreign currency revaluation of the debt’s part in dollars and partial restructuring of the portfolio from public to bank debt. Net debt/EBITDA ratio equaled -0.8.

Severstal is a vertically integrated steel and mining company and one of Russia’s largest steel producers. The Cherepovets Steel Mill is the company’s key asset. Its production capacity roughly totals 12 mln metric tons of steel per year.

Anti-Russian sanctions

US sanctions against Gazprombank leading to energy price growth in Europe — investor

The new round of US sanctions has become the most notable lately "but generally not critical for the Russian financial system, which has already passed through much worse time," Kyle Shostak said

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

Russian military engaged in tough battles with Ukrainians in Kharkov Region — official

"Our forces continue their coordinated efforts to liberate the Kharkov Region from the enemy," Vitaly Ganchev said

Proposal to give Kiev nuclear arms highly extremist — Kremlin

Dmitry Peskov noted that this is an absolutely irresponsible line of reasoning from those with a poor grasp of reality

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

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

Intel chief calls on West to embrace Putin's vision for resolving Ukraine conflict

"The sooner Western capitals realize [the need to accept] the Russian president’s conditions for a peace agreement and talks, the better it will be for Ukraine, Europe and Russia, too," Sergey Naryshkin noted

Europe bracing for influx of Ukrainian troops after conflict is over — agency

According to the agency, the European intelligence community is preparing for potential threats, namely the possibility of Ukrainian troops flooding the continent and arms trafficking

West attempting to stage color revolution in Georgia, Lavrov warns

According to the top Russian diplomat, the West actively uses an extensive network of non-governmental organizations "to create domestic instability in the countries of the Global South and the Global East"

NATO expanding presence in Arctic, Baltic, Black Sea, Caspian regions — FSB chief

According to Alexander Bortnikov, a US lab network is reportedly working to implement a program to create biological weapons of selective action, while citing the need to combat some "biological threats" as an excuse

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

Ukraine requests UN Security Council meeting on November 27 — Russian mission

According to Dmitry Polyansky, "the Kiev regime keeps fighting windmills and does not abandon attempts to persuade the world community this struggle is very serious"

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

British mercenary taken into custody and Ukraine's losses: situation in Kursk Region

The Ukrainian armed forces lost over 250 troops, four tanks, four infantry fighting vehicles, three armored combat vehicles, eight motor vehicles and two mortars in the past day

FACTBOX: Overview of Ukraine's ATACMS strikes on Kursk Region

The Ukrainian armed forces have delivered two strikes using Western-made long-range missiles on sites in the Kursk Region over the past three days

NATO pledges to continue supporting Ukraine following Russia’s launch of Oreshnik missile

NATO said in the statement that Russia’s deployment of the missile called the Oreshnik will not change the course of the conflict

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

EU Commissioner for Justice calls on members states to step up assistance to Ukraine

Didier Reynders stressed that EU countries provided Ukraine with 45.5 billion euros for military needs and supplied "a wide variety of arms" from their stockpiles, including F-16 aircraft

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

Emergence of new weapons changed canons of war, Medvedev says

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

Russian troops liberate Kopanki community in Kharkov Region over past day

Russia’s Battlegroup West inflicted roughly 440 casualties on Ukrainian troops and destroyed three enemy ammunition depots

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

Ukrainian forces attempt to assassinate Novaya Kakhovka head, his deputy with drones

Ukraine tracked two service cars and dropped munitions on them after the vehicles approached the administration building

US continues to plunder Afghanistan with impunity, says Shoigu

"In my opinion, the United States should invest in the reconstruction of Afghanistan after everything it has done and abandoned there," the top security official emphasized

Russia fails to get seat at OPCW Executive Council — vote outcome

Russian Ambassador to the Netherlands, Permanent Representative to the OPCW Vladimir Tarabrin noted that the current situation regarding the participation in the Executive council "is clear evidence of the crisis that the Organization has fallen into"

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

Kremlin spokesman advises those fearing nuclear escalation to review Russia’s doctrine

"You should listen to President Putin’s statements attentively and carefully assess the actions by the authorities of this or that country of the collective West that is directly involved in these conflicts," Dmitry Peskov stressed

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

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.

Current rules to prevent Europe from winning 'future arms battle,' French admiral warns

According to the media outlet, the French admiral expects next year’s NATO summit in The Hague to send a message to the European Union: "If you want to stay in the arms race, change your rules"

No one wins in trade war, says Chinese embassy in US

Earlier, Trump promised to impose an additional 10% tariff on all goods from China due to the alleged large-scale drug smuggling from China into the US

Ukraine is a failed state, Russian foreign intelligence chief says

Sergey Naryshkin stressed that Moldova is "following in its footsteps"

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

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

Kabul counts on Moscow to help neutralize Western pressure

"We can assure you that the Islamic Emirate is a reliable economic partner," Deputy Prime Minister Mullah Abdul Ghani Baradar said

UK ambassador to Russia gets note of protest over false info on embassy’s officer

According to the Russian Foreign Ministry, "Wilkes Pryor, deliberately stated false information about himself as he was seeking a permission to enter our country"

Trump promises to impose 25% tariff on all goods from Mexico, Canada

Mexico and Canada have every right and opportunity to easily resolve this long-standing problem, US president-elect said

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

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

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

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

Press review: Israel approves US ceasefire agreement and Georgia's new parliament convenes

Top stories from the Russian press on Tuesday, November 26th

Russia rejects Korean scenario for freezing Ukraine conflict — foreign intel chief

Sergey Naryshkin recalled that the only way to ensure peace is to eliminate the root causes that triggered the Ukrainian conflict

Moscow to respond promptly if London inflates British diplomat’s expulsion issue

British Ambassador to Moscow Nigel Casey was summoned earlier in the day by the Russian Foreign Ministry, where he was handed a note of protest

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

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

Moscow concerned with outgoing US President Biden’s escalation strategy — Kremlin

Dmitry Peskov’s statement comes in the wake of US National Security Council Spokesman John Kirby who said earlier that the American administration had provided the Ukrainian armed forces with instructions on selecting targets for strikes using American ATACMS tactical ballistic missiles

Austria ready to host Ukraine talks — chancellor

According to reports, US president-elect Donald Trump mentioned Nehammer's meeting with Russian President Vladimir Putin, which took place shortly after the start of the special military operation in Ukraine

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

North Korea dismantles power lines in Kaesong on border with South Korea

The South Korean servicemen speculate that the transmission line supports, which have been out of service since June 2020 when the power supply was cut after the bombing of the inter-Korean liaison office in Kaesong, will also be dismantled soon

Russian forces entrap Ukrainian troops near Svatovo in LPR — military expert

Ill-thought-out command and control of Ukrainian troops has demoralized enemy forces and increased the number of desertions among its personnel in that frontline area, Andrey Marochko said

Ukrainian front collapsing due to lack of willing soldiers, Russian offensive — magazine

Additionally, Ukraine "does not have enough weapons, munitions or hardware," the news outlet said

Oreshnik becomes serious problem for Ukraine — Polish general

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

No shelling attacks recorded in DPR for first time this year

A spokesperson for the Joint Center for Control and Coordination of Issues Related to Ukrainian War Crimes (JCCC), in turn, told TASS that the last day when no shelling attacks were reported in the region was in 2023

Russia designs Titan rifle for commandos

The rifle is reliable with precise and dense fire

Top Indian defense official to visit Moscow, Kaliningrad on December 8-10 — source

Rajnath Singh will participate in the flag-raising ceremony of the Project 11356 frigate and its transfer to the Indian Navy," the source said

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"

Turkey to investigate causes of Russian Superjet emergency at Antalya airport

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

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

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 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

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

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

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

Moscow strips UK diplomat of accreditation over false data in documents — Russian agency

"Based on the aforementioned grounds, the Russian Foreign Ministry, in cooperation with the concerned agencies, made a decision to strip Wilkes Edward Pryor of accreditation, and he is ordered to leave Russia within two weeks," the statement reads

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

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

Majority of Americans oppose further military support for Ukraine, poll shows

The poll, conducted on November 19-22, involved over 2,200 Americans

Launch of Oreshnik caused no negative reaction from Central Asia — Russian MFA

Alexander Sternik noted that Moscow was closely watching how relations among NATO, the European Union and the states directly adjacent to Russian territory were developing

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

West wants to use Kalinousky Regiment to destabilize Belarus — Russian intelligence chief

Sergey Naryshkin pointed out that now this nationalist group was fighting together with the Ukrainian army along with the Russian Volunteer Corps (recognized in Russia as a terrorist organization) and the Georgian Legion (the paramilitary group Georgian National Legion is blacklisted as terrorist and banned in Russia)

NATO disregards all etiquette in discussing possible preemptive strikes on Russia — Lavrov

NATO Military Committee Chairman Rob Bauer earlier called for producing more weapons for precision strikes inside Russia in case a conflict broke out

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

Potential handover of nuclear arms by US to Kiev ‘act of treason’ — US congresswoman

Marjorie Taylor Greene suggested that the Biden administration is "trying to start a nuclear war and use it as the reason to stop the transfer of power to Donald Trump"

Donbass was in danger of genocide from Ukraine, Serbian expert says

Dr. Predrag Ceranic pointed out that in Republika Srpska, everyone understands very well that Russia was compelled "to make this move in order to protect its people in Donbass"

Kiev forces lose over 450 troops in Battlegroup Center responsibility area in one day

According to the Russian Defense Ministry, the enemy lost more than 450 servicemen, a tank, five vehicles, a 203-mm self-propelled gun Pion, a 152-mm howitzer Msta-B, 2 152-mm guns D-20 and 2 122-mm howitzers D-30

Ukrainian forces indiscriminately shoot Selidovo passers-by — Russian envoy

According to Rodion Miroshnik, Ukrainian security forces came to places where there were generators, where people came to get water, and could shoot a person

Talk of halting Ukraine conflict related to Russia’s initiative on battlefield — SVR

Sergey Naryshkin added that the Western capitals "stopped thinking about strategically defeating Russia and shifted to thinking about how to avoid such a defeat themselves"

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

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

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

Public tribunal releases more testimonies exposing Kiev forces' atrocities in Selidovo

According to the report, Ukrainian forces are known to have killed at least a hundred civilians

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

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

Ukrainians have never seen the promised freedom, Viktor Medvedchuk noted

Kremlin confident Putin’s warning about strikes inside Russia was well heard in West

According to Dmitry Peskov, the position of the Russian Federation was outlined quite clearly by President Vladimir Putin

West seeks to destabilize global order, Russia’s intelligence chief says

"Euro-Atlantic elites are trying to convince the rest of the world that the only alternative to Western power is chaos, and for this purpose, they deliberately seek destabilization in key regions of the planet," Sergey Naryshkin said

Preparation of Russia’s energy strategy until 2050 is in its final stage — PM Mishustin

The prime minister emphasized that increasing the energy and resource efficiency of the Russian economy is of paramount importance for the further sustainable development of the country

Biden team may escalate global tensions to highest level, FSB chief warns

According to Alexander Bortnikov, the United States, the United Kingdom, and their allies will continue trying "to blatantly interfere in allied relations within the CIS, hinder integration processes, and undermine our joint efforts to ensure security and stability across the Commonwealth"

Lithuania open to sending European troops to Ukraine — foreign minister

"It may become necessary for European soldiers to be deployed on Ukrainian soil, and Lithuania is always ready to consider such options," Gabrielius Landsbergis stated

Ukraine launches second strike on Novaya Kakhovka after emergency services arrive

According to Governor Vladimir Saldo, two vehicles have been damaged

Russian forces strike Ukrainian drone control centers near ZNPP

According to Vladimir Rogov, the ZNPP personnel continues working routinely

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"

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

Pentagon not yet assessed damage caused by use of Russia’s newest Oreshnik missile

"When we have more to provide, we will," Deputy Press Secretary Sabrina Singh said

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

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"

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

Anglo-Saxon special services involved in Nord Stream blasts, SVR chief says

Sergey Naryshkin recalled that Nord Stream was a joint Russian-European project "aimed at ensuring the uninterrupted supply of inexpensive Russian gas to Europe"

UK delivered dozens of Storm Shadow missiles to Kiev weeks ago — news agency

Bloomberg pointed out that the missiles were sent before the US and UK authorization to use long-range precision-guided weapons to launch strikes from Ukrainian territory deep into Russia

Anglo-Saxons secretly push Kiev toward nuclear terrorism — FSB head

"The minds of the Ukrainian population have been reformatted in a Russophobic way," Alexander Bortnikov stated

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