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

{{newsPoint.title}}

{{newsPoint.title+ ' '}}

{{newsPoint.subtitle}}

TMK posts 6% drop in 2023 net profit under IFRS to $432 mln

Total debt equaled 316 bln rubles ($3.4 bln) as of December 31, 2023

MOSCOW, February 29. /TASS/. Net profit of Russia’s largest producer of pipes TMK (Pipe Metallurgical Company) under International Financial Reporting Standards (IFRS) fell by 6% in 2023 to 39.38 bln rubles ($432 mln) from 41.93 bln rubles ($460 mln at the current exchange rate) in the previous year, the company reported.

Adjusted EBITDA was almost flat last year compared with 2022 at 130.1 bln rubles ($1.4 bln). Revenue decreased by 13% in annual terms to 544.27 bln rubles ($5.9 bln).

Adjusted EBITDA margin amounted to 23.9%, up by 3.2 p.p. Total debt equaled 316 bln rubles ($3.4 bln) as of December 31, 2023, while net debt was 246 bln rubles ($2.7 bln). Net debt/EBITDA ratio stood at 1.9x.

Dollar up to 91.06 rubles, euro down to 99.19 rubles on Moscow Exchange

The yuan was up to 12.582 rubles

Ukrainian commanders flee Kupyansk, leaving covering force — Russian lawmaker

The Kharkov direction is the most important and challenging frontline area for Russian troops, Viktor Vodolatsky pointed out

Head of Main Personnel Directorate of Russia’s Defense Ministry Yuri Kuznetsov detained

A search was conducted at both Kuznetsov's job and his home, other specifics about the criminal case have not been revealed, law enforcement agencies told TASS

Slovakia’s PM allegedly suffers chest, abdominal wounds — newspaper

The condition of Slovakia’s prime minister, who was rushed to hospital by helicopter, is estimated as extremely serious

US imposes sanctions against Russian police training center in Nicaragua

According to Washington, the training center "contributes to anti-democratic actions and repressions from the Ortega-Murillo regime"

Nearly 8,000 people evacuated from borderline districts in the Kharkov Region

Oleg Sinegubov specified that 2,202 people had been evacuated from the Chuguevsky District, 3,533 - from the Kharkovsky District, 79 - from the Bogodukhovsky District and 2,177 people had been evacuated by volunteers

Ukraine’s military has about 2,000-strong garrison in Kherson — resistance fighters

Ukrainian service members have been moving little in the city lately and normally only at night, the Kherson Resistance guerilla unit commander added

Slovak PM Robert Fico wounded in shooting — portal

The suspected shooter has been apprehended

Press review: Putin keeps government core intact and Blinken gives Kiev NATO assurances

Top stories from the Russian press on Wednesday, May 15th

Europeans go for broke seeing risk of collapse for Kiev in special op situation — Kremlin

According to Peskov, currently, "the moment is crucial."

Taiwan registers approach of 45 Chinese aircraft

Earlier, the military agency reported spotting 23 Chinese aircraft near the island on Tuesday night, including Su-30 fighter jets and drones

UAE rates high Made in Russia brand, understands its reliability — REC

The UAE is a very competitive market, though the Russian brand has managed to prove its stability, due to a good marketing campaign in particular, Najibullo Jabbori said

Serbian president thanks Russian authorities for supporting Belgrade’s sovereignty

Aleksandar Vucic met with Moscow’s Ambassador to Belgrade Alexander Botsan-Kharchenko

Ukrainian drone shot down over Bryansk Region — governor

No one was hurt, no damage was reported, the region’s governor Alexander Bogomaz said

Putin arrives in Great Hall of the People in Beijing for talks with Chinese leadership

The talks were preceded by an official welcoming ceremony

Afghanistan needs wheat and asks Russia to lower grain prices — minister

Nooruddin Azizi also said that he will work to ensure that exports from Afghanistan are subject to tariff preferences provided for least developed countries

Russian forces advancing daily in special op, everything going according to plan — Putin

The Russian leader opened his meeting with commanders of troops of military districts by extending his greetings on the occasion of Victory Day

Russia to invite numerous global South leaders to BRICS summit — Lavrov

The top Russian diplomat recalled that the participants in last year's BRICS summit in Johannesburg (South Africa) decided to form a new category of partner countries, which "will largely replace the BRICS+ format that has existed so far"

EU agrees to ban access to three Russian media outlets, one European

The measure needs to be approved by the EU foreign ministers

US did not enable Ukrainian strikes beyond Ukrainian territory — Blinken

The US secretary of state noted that Ukraine must decide on how to carry out combat action on its own

US Congress has evidence of Biden family’s involvement in terrorism — Ukrainian politician

Andrey Derkach pointed out that "the criminal case that was initiated against Burisma was being actively investigated under [Ukrainian] Prosecutor General [Viktor] Shokin [in 2014-2016]"

Slovakia’s Fico suffers several wounds, in life-threatening condition — PM’s Facebook page

As the post on the prime minister’s profile specifies, he was rushed by helicopter to a hospital of the city of Banska Bystrica in central Slovakia

Blinken says current special military operation stage critical for Kiev

According to the US secretary of state, Russia is "ramping up another offensive against Ukraine, at Kharkov and across the east"

Russia's top brass stresses special nature of Russian-Belarusian armed forces relations

"Lieutenant General Viktor Khrenin, Minister of Defense of Belarus, and Russian Defense Minister Andrey Belousov held a telephone conversation," the Belarusian Defense Ministry's press service reported

Putin signs law banning foreign agents’ participation in elections

The elections include those to federal and regional state bodies, to public authorities of a federal territory, as well as to local self-government bodies

If West wants to solve Ukraine conflict on battlefield, 'so be it' — Lavrov

Sergey Lavrov reiterated that Russia was ready to negotiate peace not only in words, but also in deeds

Russia’s new defense minister should pay attention to strategic nuclear forces — expert

"In case of a first nuclear missile strike against Russia we should be able to destroy the aggressor with a retaliatory strike in a guaranteed manner," Igor Korotchenko noted

Russian MFA sees Western media focus on Georgian protests, silence on Armenian rallies

According to Maria Zakharova, Western news media "forgive everything" to protesters in Georgia

Russia, OIC to combat Islamophobia, Russophobia worldwide — top diplomat

Sergey Lavrov asserted that Russia is a consistent supporter of shaping a more fair and democratic multipolar world order based on the principles of the UN Charter

General Lapin to command Leningrad Military District, General Kuzovlyov Moscow district

Colonel-General Alexander Lapin previously served as first deputy commander and chief of staff of the Ground Forces

Attack on Fico targets friendship with Russia — former Slovak prime minister

"The assassination attempt can be blamed only on a political madman, brainwashed by Slovakia's opposition media," Jan Carnogursky stressed

US discusses deployment of Patriot systems in Kharkov with Ukraine — Blinken

Russia’s Defense Ministry reported earlier that Russian troops had liberated several communities in the Kharkov Region

Germany's recalled ambassador to arrive in Russia 'in the near future' — embassy

The German Foreign Ministry earlier reported that its ambassador to Russia Alexander Lambsdorff was recalled for consultations following an alleged cyberattack by Russia against the Social Democratic Party of Germany

What we know about attempt to assassinate Slovakia’s Prime Minister Robert Fico

Robert Fico was shot after a cabinet meeting in the city of Handlova in western Slovakia

Slovakia’s PM Fico in critical condition — defense minister

Robert Kalinak said that the prime minister had been undergoing surgery for more than 3.5 hours

Blinken’s visit to Kiev shows US concerned over Ukrainian failures on frontline — diplomat

"He sang a song, ate some pizza and left," Maria Zakharova noted

Russian, Ukrainian people to restore relations sooner or later, senior diplomat says

"The Anglo-Saxons have always feared our unity and they have long been trying to pit us against each other and drown us in a bloody fratricide," Russian Deputy Foreign Minister Mikhail Galuzin said

Latin America refuses to sacrifice its future for US interests, Russian envoy believes

Dmitry Feoktistov noted that the EU industry, which refused direct supplies of Russian hydrocarbons due to sanctions, is currently experiencing a deep crisis, losing its profitability and competitiveness

Nord Stream saboteurs prepped in Ukraine, Romania — Ukrainian politician

According to Andrey Derkach, they trained on the South Stream, rented a large yacht, and then they were taken to Poland

Several people injured in knife attack in Switzerland’s Zofingen — report

The attacker has been detained, AFR reported

Russia knows how to achieve large-scale goals, Putin says

Moscow prioritizes increasing people’s well-being in terms of economic development, the Russian President said in an interview with the Chinese news agency Xinhua

Russian troops liberate three communities in Ukraine operation over past day — top brass

Russian troops repulsed ten Ukrainian army counterattacks in the Kupyansk area over the past day, the ministry reported

Putin thanks outbound Russian defense minister for his work

The Russian leader added that Sergey Shoigu would now serve as Russian Security Council secretary

Putin asks Belousov to "open" Defense Ministry as much as possible

The Russian president set another task for the new defense minister to address - to continue handling economic matters

Two civilians wounded in shelling attack on Shebekino in Belgorod Region

According to the governor Vyacheslav Gladkov, a car shelter and a passenger car caught fire after the attack

Afghanistan ready to sign agreement on transit of goods with 3 countries, including Russia

Acting Industry and Trade Minister Nooruddin Azizi noted that Afghanistan could become a convenient point for the transit of goods to the states of South Asia

Putin, Xi to discuss Ukrainian crisis, development of bilateral ties

Priority attention will be focused on trade and economic cooperation

President of Slovakia confirms PM Fico’s assailant detained — report

Zuzana Caputova called the attack on Fico an "attack on democracy," adding that such crimes are being motivated by the "hateful rhetoric"

Russian president’s visit to Vietnam to propel deepening of bilateral ties — envoy

The exact dates of the visit are yet to be coordinated

State Duma approves Mikhail Mishustin as Chairman of Russian Government

Prime Minister Mikhail Mishustin thanked State Duma lawmakers for approving his candidacy for the prime minister’s office

All Ukrainians who covered up Nord Stream sabotage identified, politician says

According to Andrey Derkach, members of the group led by Roman Chervinsky acted under instructions from Christopher Smith, "the No.2 at the US Embassy in Ukraine at that time and a well-known" CIA agent

Putin appoints Russian new government

This is the first Russian government formed under the new procedure envisaged by the 2020 constitutional amendment

Russia-China relations not opportunistic, not directed against anyone — Putin

According to the Russian leader, Russia and China together uphold the principles of justice and a democratic world order that reflects multipolar realities and a world order based on international law

Air defenses destroy ten ATACMS missiles over Crimean Peninsula — Russian Defense Ministry

"The attacks involved US-made ATACMS missiles, French-made Hammer guided aerial bombs, US-made HARM, large-caliber projectiles and fixed-wing unmanned aerial vehicles," the statement says

Moscow, Beijing seriously develop practical cooperation — Putin

The Russian leader named energy, industry and agriculture as priorities

World’s largest copter Mi-26 engaged in firefighting efforts at concert hall near Moscow

The aircraft scoop water from the Moskva River

Russian Su-25 attack aircraft wipe out Ukrainian equipment, personnel over past day

After employing air-launched munitions, the pilots performed a missile evasion maneuver, fired flares and returned to their airfield, it said

Israel hits Hezbollah targets in eastern Lebanon, casualties among civilians reported

One of the missiles hit a three-storey house, killing two civilians, the Al Mayadeen television channel reported

Czech president speaks out in favor of halting hostilities in Ukraine

Petr Pavel believes it is "naive" to imagine that Kiev will be able to regain territory taken by Russia in the foreseeable future

Israeli losses surpass 620 troops since Gaza conflict escalated

It is reported that since the onset of the ground operation in Gaza the Israeli army has lost 273 troops

Kremlin clarifies Patrushev’s new appointment

Since 2008, Patrushev has been the secretary of Russia’s Security Council, serving the longest in this capacity

Putin appoints acting governors of five regions

All of the appointed acting governors, except Dmitry Milyayev, are participants in the School of Governors - a program created on presidential instructions to train administrators for possible promotion at the regional and federal levels

Slovak PM Fico’s life out of danger — deputy PM

Fico was wounded in a shooting incident that happened after a government meeting in the city of Handlova in the western part of Slovakia

Russian tech firm develops portable EW system to shield assault teams from drones

One system suppresses munition-dropping drones, creating a dome of 250-300 meters and shielding an assault group while the other suppresses FPV drones

Putin warns against imbalances in economy, industry related to special military operation

The Russian leader also stated the importance of diversification of military production at a meeting with commanders of military district troops

Two single-family houses, passenger car damaged by missile fragments in Sevastopol

No one was hurt, Sevastopol’s governor Mikhail Razvozhayev said

Political motives behind assassination attempt on Fico

The shooter made a statement right after his detention, saying that he had opposed the government’s policy limiting media freedom

Upgraded tank anti-FPV drone systems arrive for Russian troops in Ukraine operation

New Triton drone suppression systems can be mounted on both armor and quad bikes, sea boats and any objects that require protection against FPV drones, Denis Oslomenko elaborated

China, Turkey could mediate Russia-Ukraine peace talks — former Czech president

According to Milos Zeman, a ceasefire must be reached first

Putin arrives in China on state visit

The Russian president is scheduled to visit Beijing and Harbin

Russia, Vietnam register positive dynamics of rising trade turnover — trade representative

Business activity is on the rise, with certain progress and prospects in a number of joint projects in various fields in place

At least three civilians killed in Israel’s air strike on Gaza City — TV

Casualties were also reported after Israel’s air raid on Gaza’s Daraj neighborhood

Russia condemns attack on Slovak prime minister — Kremlin spokesman

Dmitry Peskov recalled that Russian President Vladimir Putin had sent a telegram to express his support for the Slovak prime minister and wished him the soonest recovery

Kamaz recalls over 23,000 vehicles in Russia

Transport vehicles are remembered due to the lack of an accident emergency response device, Rosstandart reported

Erdogan says government knows 'puppet master' behind reported conspiracy

The Turkish leader said it is unacceptable to break laws, and warned that "anyone who goes beyond the limits will be held accountable"

No changes in General Staff management, none planned — Putin

"This combat operation bloc is well-established," the Russian leader went on to say

Foreign mercenaries in Ukraine to inevitably become Russia’s targets — MFA

"Any weapons supplied to Kiev’s Nazi regime are considered by Russia’s Armed Forces as legitimate military targets and must be destroyed," Maria Zakharova stressed

Russia’s onslaught on Kharkov may compel Ukraine to truce — NYT

On May 11, Russia’s Defense Ministry reported liberating several populated localities in the Kharkov Region

Cuban president calls on US to remove Cuba from list of state sponsors of terrorism

Blinken says Ukraine may engage in talks if Russia shows 'interest'

Antony Blinken noted that in terms of negotiations, these are "decisions for Ukraine to make"

WHO chief offers words of support for Slovak PM Fico after assassination attempt

Fico was wounded in a shooting incident that happened after a government meeting in the city of Handlova in the western part of Slovakia

New head of Taiwan claims readiness for dialogue with mainland China

China’s authorities have repeatedly noted that what is known as the 1992 Consensus is a condition for dialogue with Taiwan, however, Lai Ching-te claimed not to support it

Putin, Xi begin talks

Russian and Chinese Presidents have begun talks at the Great Hall of the People in Beijing

Moscow ready to navigate market challenges amid US' uranium import ban

Russian Deputy Foreign Minister Sergey Ryabkov noted that this latest move from Washington showed just how low it would go to try to hurt the Russian economy

Avtovaz to produce up to 50,000 Lada Largus cars by year-end

Earlier, Avtovaz resumed the production of gasoline-fueled Lada Largus cars at its facility in Izhevsk

Four Palestinians killed in Israel’s strike on Rafah neighborhood

Several more people were wounded, the Al Jazeera television channel said

Russian air defenses down several projectiles near Sevastopol, Belbek airfield

The city’s Governor Mikhail Razvozhayev noted that there had been no reports of damage to civilian infrastructure

Hezbollah drones attack Israeli military base some 50 km from border with Lebanon

"The operation was carried out in response to the killing of field commander Hussein Makki near Tyre", Hezbollah said on its Telegram channel

Taliban signals it doesn’t pose threat to India, Russia — Russian diplomat

"If they want to remain Afghan patriots, albeit with a large share of Islamism, they must act so that not to spoil relations at least with the surrounding world," Zamir Kabulov noted

Several airborne targets downed approaching Belgorod — governor

Vyacheslav Gladkov added that three houses were damaged in the settlement of Petrovka

Liberation of Rabotino to accelerate Russian advance in Zaporozhye Region — politician

Vladimir Rogov said Ukraine still holds the heights to the north of the village, and fierce battles are underway to control them

US to allocate $2 bln to Ukraine through new defense industry fund — Blinken

According to the US secretary of state, the money of the fund will be divided into three parts

Discussing Ukrainian settlement without Russia to be empty scholasticism — Kremlin

"It is absolutely useless to discuss security issues that concern us without Russia," Dmitry Peskov stressed

Russia hails any peace initiatives for Ukraine — Kremlin spokesman

"We know the situation on the Ukrainian side, which excludes any talks for itself even from the legal point of view," Dmitry Peskov noted

Ukrainian crisis may be resolved by yearend, says former Virginia senator

"The shortage of artillery and other weapons causes problems, but the critical issue is their shortage of fighting men," Richard Black emphasized

Prime Minister of Slovakia shot by 71-year-old assailant — report

The man reportedly owned his weapon legally

Ukrainian troops shelling civilians in Kharkov Region villages they were driven from

According to the ministry, units of Russia’s Battlegroup North continue to improve their tactical positions

Yemeni Houthis claim delivering missile strike on US destroyer

Additionally, according to Yahya Saree, in the Red Sea, the Houthis attacked the commercial vessel Destiny en route to the port of Eilat in Israel

UAE interested in supporting big cluster of Russian specialists — REC

Many free economic zones work in the UAE, in industrial clusters and in other areas, the REC’s representative noted, adding that such free economic zones attract foreign players

Afghan Taliban no longer Russia’s enemy — Russian diplomat

According to Zamir Kabulov, relations between Russia and the Taliban are on the rise but "there are certain political limits"

World demands that Palestine be admitted as equal UN member — Venezuelan official

Venezuelan Vice President Delcy Rodriguez stressed that Palestine is an example of the struggle for "self-determination, independence and sovereignty"