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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.

Military operation in Ukraine

IAEA inspectors briefed on consequences of Ukraine’s attack on Zarya substation — ZNPP

The Zaporozhye NPP reported that the nearby city of Energodar had come under a repeated drone attack

Russian Chess Federation head urges not to turn world of chess into battlefield

"Under current conditions, the Ukrainian Chess Federation should become an example of improving and fostering peaceful co-existence instead of opening new frontlines, and serve as an example for their political elite," President of the Chess Federation of Russia Andrey Filatov said

US mistaken if it thinks nuclear conflict would affect Russia, Europe only — diplomat

Anatoly Antonov reiterated that there must never be a nuclear war and that there can be no winners in any nuclear conflict

Polish authorities preparing mass evacuation plans for possible war

The Polish interior minister also said that Warsaw planned to annually allocate 0.15% of the country’s GDP on civil defense, particularly spending some 1.5 bln euros on the construction of shelters

Russia welcomes normalization of Iran’s relations with Arab countries — Lavrov

It is in the interests of both Iran and its Arab countries to establish "friendly, normal, goods relations," Russian Foreign Minister added

Hezbollah commanders wanted to repeat October 7 in northern Israel — General Staff

The IDF said that it had conducted a targeted strike in Beirut, adding that Ibrahim Aqil, a military commander of Hezbollah’s militia, was killed along with other top brass

Ukrainian troops captured: situation in Kursk Region

In total, the enemy has lost over 11,800 servicemen since fighting began in the region

As many as 1,200 people evacuated from municipality in southern Russia after drone attack

Two unmanned aerial vehicles were downed outside Tikhoretsk this morning

Israeli army declares strikes on 180 Hezbollah sites in Lebanon

"The Israel Defense Forces have completed a series of strikes on southern Lebanon," the army’s press service said in a statement

Conflict in Ukraine 'a good deal' for the US — Stoltenberg

NATO Secretary General underscored that "most of the money" that Washington allocates for Kiev, is being invested in the US defense industry, which makes it "stronger"

Ukrainian troops retreat from village near Artyomovsk in DPR — Russian officers

The enemy fled from near Andreyevka where it has long been holding positions, it has retreated, law enforcement officers said

Zelensky says Ukrainian troops in extremely difficult situation in two DPR areas

The situation on the frontline remains extremely difficult, Ukrainian President said

Russia, Belarus remain faithful allies and partners, Russian deputy defense chief says

I would like to note that we and our Belarusian counterparts have been and remain faithful allies and reliable partners

Iran's supreme leader calls on Islamic countries to sever economic ties with Israel

"The Zionist regime is committing crimes shamelessly and without hiding it," Ayatollah Ali Khamenei said

Erdogan says ready to meet with Syria’s Assad, waiting for response from Damascus

We have said that we would like to hold a meeting with Bashar Assad to normalize relations between Turkey and Syria, Erdogan said

Press review: US shifts rhetoric on Ukraine and walkie-talkie explosions rock Lebanon

Top stories from the Russian press on Thursday, September 19th

PREVIEW: Russian cosmonauts to set record for longest single ISS spaceflight

The new record will be set at 4:06:51 p.m. Moscow time

Ukrainians sustain over 300 casualties in Kursk area in past day, Russia says

Over the past 24 hours, Ukrainian losses have amounted to over 300 troops and nine units of armored hardware, including an infantry fighting vehicle, two APCs, six armored combat vehicles, as well as six artillery guns

Paratroopers repel enemy attack on Crimean coast in drills

During the drills, the troops widely employed the experience of present-day wars and local conflicts while the technical capabilities of conducting combat operations helped detect the target, provide coordinates of strike weapons and eliminate them within the shortest time possible

German authorities say escalation of Middle East conflict can be avoided

"The devastation resulting from such a confrontation would be catastrophic," the Cabinet’s spokesperson Steffen Hebestreit said

Israel wants to drag whole region into war, engages in terrorism, says Erdogan

The Turkish President said he would address the UNGA to ask the participants to remember "the need for taking action against genocide in the Gaza Strip and Israel's aggressive policies"

Some 101 Ukrainian drones intercepted in Russian regions, Azov Sea overnight — ministry

Air defenses eliminated UAVs over eight regions, Defense Ministry said

Six Hezbollah elite unit Radwan commanders killed by Israel’s airstrike o Beirut

According to the MTV television channel, they were taking part in an operations headquarters meeting held by Hezbollah military leader Ibrahim Aqil

Shoigu says Russian army is most combat capable in world

"Modern Russian hardware was rigidly tested in conditions of the special operation and displayed supremacy over similar weapons of NATO countries," the defense minister stressed

Senior Russian lawmaker warns that calls for long-range strikes open way to nuclear war

Vyacheslav Volodin commented on a recent resolution of the European Parliament to allow strikes inside Russia with Western weapons

Over 30 foreign leaders invited to BRICS summit in Kazan, 18 RSVP — Kremlin

"We have not organized such a large-scale international event in quite a long time," Yury Ushakov underlined

FSB declassifies testimony Nazis forged forensic examination in Katyn case

Ludwig Schneider explained that such a percentage of iron oxide was to certify that the knife had remained in the grave for much longer than the true results of the analysis indicated

Russia to boost defense procurement 50% to ensure 97% troop provision with weapons

Sergey Shoigu pointed to the importance of keeping production at its full capacity and ensuring early deliveries to the troops

Russian units strike energy facilities of Ukrainian military-industrial complex

Russia’s battlegroup Center has continued to advance into enemy defenses and wiped out more than 500 Ukrainian servicemen over the past 24 hours, the Defense Ministry said

Russian forces strike Ukrainian energy facilities, troops last night — top brass

Overnight, the Russian Armed Forces launched a group strike on energy facilities that supply electricity to Ukrainian defense plants and drone production cites as well as Ukrainian troops

Ukraine’s forces in Ugledar virtually encircled — sources

"Most positions around the city, including those at the most important sites and heights are Russian, the whole city is exposed to fire," the sources explained

Battlegroup North liberates two settlements in Kursk Region this week

Apart from that, according to the report, Russian aircraft struck areas of deployment of manpower and weapons of the Ukrainian army’s three mechanized, one tank, and two assault brigades

Putin highlights importance of efforts to develop relations between Russia, Armenia

The Russian President congratulated Armenian Prime Minister Nikol Pashinyan on Armenia’s Independence Day

Press review: BRICS challenges existing security concepts and Europe's economy in trouble

Top stories from the Russian press on Friday, September 13th

Russian prime minister approves list of countries imposing destructive attitudes

It includes the United States of America, the United Kingdom, Germany, France, Japan and other states

Harris dismisses Trump’s proposal to hold September 4 debate on Fox News

Trump needs to stop playing games and show up to the debate he already committed to on 10 September, Harris’ campaign said

MFA calls UN resolution on Palestine important step to recognize Israel's illegal actions

The Russian diplomats pointed out that it would also help develop concrete measures to uphold international law, end the longest occupation in modern history and implement a two-state solution

Sixteen drones eliminated over Russia’s Bryansk Region

Governor Alexander Bogomaz said earlier that the Russian Defense Ministry’s air defense forces were repelling a massive drone attack

Russia enjoys 3-0 win over Vietnam in friendly football match in Hanoi

The match was held as part of the LPBank tournament and on September 7 the Russian side is set to play in Hanoi against Thailand

Conflicts in space to increase over time, German general predicts

"The enemy views our space capabilities, both civilian and military, as targets," Michael Traut, the head of Germany's Military Space Command, noted

Kadyrov send two more Cybertucks to special military operation zone

"The electric car’s mobility, comfort and maneuverability are what is needed here," the Chechen leader said

Reaction to permission to hit Russian territory with Western weapons to follow — Kremlin

According to Dmitry Peskov, "this raises significantly the degree of the collective West’s involvement in this war around Ukraine"

Russia ready to help Brazil with hosting BRICS Games — head of Duma’s sports committee

Oleg Matytsin hopes that the BRICS Games will be held in an open format

Russia-Bulgaria relations 'non-existent', says Moscow’s envoy

Eleonora Mitrofanova believes that the early parliamentary election Bulgaria held on June 9 has not changed the country’s political landscape much

Nazi Germany’s Gestapo officers accompanied Katyn commission

Аs follows from testimonies by a laboratory technician, the German Army’s Senior Ensign Ludwig Schneider, contained in the declassified FSB archive materials

US coalition’s aircraft violated Syria's airspace 12 times over past day

At the same time, no bombardments of Syrian government forces' positions by terrorist groups were recorded in the Idlib de-escalation zone

Russia to push for multipolar world order jointly with global majority — diplomat

The event will be held in New York on September 22-23 in the runup to the 79th session of the UN General Assembly

Russian Su-34 bomber destroys Ukrainian manpower, equipment in Kursk area

After receiving a confirmation from reconnaissance that the Ukrainian army’s temporary disposition location had been destroyed, the crew safely returned to the airfield of departure

Hezbollah handing out pagers hours before their detonation — agency

The sources said that the Shiite movement did not have any specific suspicions about these pagers and their "checks had been part of a routine 'sweep' of its equipment to find any indications that they were laced with explosives"

EU will grant loan to Kiev that will be paid from frozen Russian assets — EC president

Ursula von der Leyen stressed that 35 billion euros is the part which the European countries will contribute to the 45 billion euro loan approved by the G7 in Italy in the summer

Kremlin slams Poland's idea to revise Crimea's status 'absurd'

"Russian territory and Russian regions cannot be the subject of any discussion or transfer to anyone," Dmitry Peskov emphasized

Evacuation starts in Kuban settlement due to explosion after drone fragments fall

Two unmanned aerial vehicles have been downed near Tikhoretsk

Hezbollah confirms death of its commander in airstrike on Beirut

Together with Ibrahim Aqil at least six commanders of Hezbollah’s elite Radwan Force died in the airstrike

Poll reveals what Russians think about office love, polyamory

It is noted that opinions are changing not only about relationships with colleagues, but also about romance between a subordinate and a supervisor

Number of tourists to Murmansk Region expected to grow by 11% in 2023

In 2022, the region welcomed 539,400 visitors, including 18,400 tourists from abroad

Putin has no plans to attend Mexican president's inauguration — Kremlin

Earlier, the Mexican embassy in Moscow stated that the Russian president had received an invitation to Sheinbaum's inauguration ceremony

Bundestag members address Cabinet with query regarding Ukraine’s attack on Kursk Region

The legislators are asking whether German weapons are used by the Ukrainian forces in their incursion into the Kursk Region

Russia is committed to Israel’s security, but not at others’ expense — Lavrov

The top Russian diplomat noted that he had good relations with many of his Israeli counterparts

US’ new military aid package for Ukraine to be worth $375 mln — agency

According to Reuters, the new package will include patrol boats, additional munitions for high-mobility artillery rocket systems

Russia’s response to long-range weapons supplies to Kiev will be brutal — MFA

"The opponents in Washington, London, and other places clearly underestimate the degree of danger of the game they continue to play," Deputy Foreign Minister of Russia Sergey Ryabkov said

No more red lines for Israel, any Hezbollah radical is legitimate target — PM’s office

The Israel Defense Forces said earlier that a pinpoint strike was delivered on Beirut that killed Hezbollah Shiite militia commander Ibrahim Aqil and several other Hezbollah commanders

Medvedev allows use of nuclear weapons by Russia when ‘patience runs out’

The politician underscored that no one really needs a nuclear conflict - it is "a very bad story with a very difficult outcome."

Zelensky may be overthrown if Ukraine fails to hold elections — Ukrainian MP

Ukraine is still facing the question of the legitimacy of power in the absence of parliamentary and presidential elections, which cannot be held during martial law

Middle East to see no big war, but confrontation will continue — expert

The main external actors of the Middle East situation are the United States and Iran, Boris Dolgov, a leading research fellow of the Center for Arab and Islamic Studies, says

Kerimov transfers his stake in Polyus to Foundation for Support of Islamic Organizations

Polyus ranks first among the world's gold mining companies in terms of gold reserves and fourth in terms of production

Physicists from Russia to be banned from Large Hadron Collider from December 1 — Nature

At the same time, CERN will continue to work on projects already underway with about 270 employees of the Russian Joint Institute for Nuclear Research

Russia wants no nuclear war — Lavrov

The foreign minister still assured that Russia possesses weapons "that will have serious implications for the handlers of the Ukrainian regime"

Theft of Russian assets to nullify trust towards EU — MFA

Maria Zakharova pointed out that the European Union had lost independence

UN General Assembly adopts resolution on Golan Heights — results of vote

Russia, China launch joint naval exercise in Vladivostok — Pacific Fleet

A joint group of warships from the Pacific Fleet and China’s PLA Navy has departed from Vladivostok to conduct Russian-Chinese naval maneuvers

Russia's newest satellites to change course of Ukrainian conflict — former UN inspector

According to Ritter this conflict would become "unsustainable for the Ukrainian sometime by the end of summer, early fall"

Ukraine puts pressure on FIDE General Assembly over admission of Russians — source

The General Assembly, which will consider the issue of the full-fledged return of Russian and Belarusian players, is being held on September 21-22

Russia, China do not need to create military alliance — Lavrov

Those relations are the best in the whole history of ties that existed between two countries, Foreign Minister added

West’s attempts to turn UNGA into pro-Ukrainian show doomed to fail — Russian MFA

"The UN General Assembly always encompasses a very broad agenda," Sergey Ryabkov stressed

Russian Baltic Fleet's patrol ship ends visit to Dar es Salaam

The ship's crew replenished water, fuel and food supplies and conducted technical examination of the ship

North Korea convinced Russia to win special military operation in Ukraine — top diplomat

"The North Korean people express their support for the Russian people in their just struggle," Choe Son Hui stressed

CERN's turn away from Russian scientists has positive aspects — Kurchatov Center chief

This is quite obviously a positive development for us in some respects, Kovalchuk said

US missile deployment in Asia poses biggest danger to region — general

In the spring, the US deployed an intermediate-range missile system in northern Japan as part of a Philippine-US exercise. Beijing strongly objected to the move

Ukrainian forces lost up to 520 troops in Battlegroup West zone of responsibility

The enemy also lost six vehicles, a UK-made 155-mm Braveheart self-propelled howitzer, two 122-mm Gvozdika self-propelled howitzer and two electronic warfare stations

Russia’s Battlegroup Center repulse nine Ukrainian counterattacks in 24 hours — top brass

As a result of active actions, the group took more advantageous lines and inflicted damage on formations of six brigades of the enemy

Hollywood action star Jackie Chan says he loves Russia, thanks his fans

The actor wished that the friendship between China and Russia would last forever

Rwanda discusses NPP construction with Rosatom — Russian envoy

According to Alexander Polyakov, a Rosatom delegation will soon visit Rwanda

Scholz says Germany not to send Kiev missiles ‘capable of reaching as far as Moscow’

German Chancellor emphasized the need to explore ways in order to peacefully resolve the Ukraine conflict

Report on alternative payment systems will be prepared by BRICS summit in Kazan — Lavrov

The Russian foreign minister also drew attention to the growth of trade in national currencies between Russia and other countries

IAEA inspectors briefed on consequences of Ukraine’s attack on Zarya substation — ZNPP

The Zaporozhye NPP reported that the nearby city of Energodar had come under a repeated drone attack

US carries out mock electronic launch of Minuteman III ICBM

Such test deployments of Minuteman III missiles without an actual launch are being carried out twice a year at various air bases, the statement says

West switches to open support for Kiev's terrorist attacks against civilians — MFA

"The West continues to supply arms and money to the Kiev regime, propose pseudo-peace initiatives, and try to rally as many countries as possible to their side," Maria Zakharova said

Ukrainian forces create concentration camps in Russian border areas — diplomat

Maria Zakharova pointed out that one of the Ukrainian prisoners of war reported an attack on a passenger train being prepared in the Kursk Region

Russia’s air defenses repel massive attack on Bryansk region, taking down over 50 drones

Russian Defense Ministry’s air defense forces intercepted or destroyed 53 fixed-wing unmanned aerial vehicles

Neglect of Russia’s interests makes lasting settlement in Ukraine impossible — MFA

At the same time, Foreign Ministry Spokeswoman Maria Zakharova explained that Russian representatives "have not participated in any meetings within the framework of the ‘Buergenstock process’ and are not going to participate in any

Lavrov says he agrees with Trump about destructiveness of sanctions for US dollar

The Russian foreign minister stressed that, despite the continued dependence of many economies on the dollar, the risk of this phenomenon has already been recognized

Top brass proposes specifying state borderline in Russia’s westernmost region

"This will alter the Russian state maritime border due to a change in the territorial sea’s external bounds," it says

Russia keeps balance in relations with Muslim countries — Muslim Board

Mufti Sheikh Ravil Gainutdin added that Russia was originally formed in the bosom of three monotheistic religions and for more than 1,000 years has continued and consolidated the tradition of communion, good-neighborliness and brotherhood of religions

Hezbollah attacks Israeli military headquarters in Ein-Zeitim

The statement said that the Shiite units conducted these operations in response to the Israeli Air Force strikes on Lebanese populated localities

Russia’s Emergencies Ministry sapper dies in Kursk Region during mine clearance

Vyacheslav Tsoffka had to his credit than 10,000 detected and neutralized explosive items

UN human rights commissioner slams blasts in Lebanon as war crime

The UN official called for bringing those behind these blasts to responsibility under international law and protecting civilians in conflict zoes