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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.

Amount of Russian assets frozen in Switzerland unchanged since August — agency

"The total amount of the Russian central bank’s assets immobilized in Switzerland is CHF 7.24 billion," said a spokeswoman for the Swiss State Secretariat for Economic Affairs

Russian emergencies chief visits Cuba

The Russian Embassy in Cuba said on its Telegram channel that "the visit aims to strengthen Russian-Cuban cooperation in the sphere of alleviating the aftermath of natural disasters"

Trump may be set to change US course on global conflicts, Russian envoy believes

Alexander Lavrentyev also pointed to the potential withdrawal of US troops from Syria

Countries will line up for Russian gas when US stops exporting LNG — Serbian president

According to Aleksandar Vucic, Washington will use LNG "for the growing consumption of artificial intelligence, electric charging stations and everything else"

US intelligence agencies must prevent new attempts on Trump’s life — Kremlin aide

Trump survived two assassination attempts this year, one during a campaign rally in Pennsylvania in July, when a sniper shot at him, grazing his ear, and a second in September, when a radical supporter of aid to Ukraine opened fire near Trump’s Mar-o-Lago residence in Florida

Ukrainians play 'radio games' with Russian recon to spread disinfo on attacks — LPR expert

It is reported that Ukrainian fighters have recently been sending false signals about an impending offensive or strikes allegedly being planned on unconfirmed targets

Press review: UK and French leaders discuss Ukraine as the dollar continues to climb

Top stories from the Russian press on Tuesday, November 12th

Detentions, blocking of roads: what is known about situation in Abkhazia

The prosecutor general stated that following the incident, four Abkhazian residents were detained: Garry Kokaya, Almaskhan Ardzinba, Omar Smur, and Ramaz Dzhopya

Security official stresses need to counter US policy of dual containment of Russia, China

Sergey Shoigu arrived in China on a working visit on Monday

Some 300 Germans eager to move to Russia’s Nizhny Novgorod Region — authorities

Among those who are ready to move are technical professionals in the metalworking industry

Over 1,000 dead seals found on Caspian coast in Kazakhstan

Director of the Institute of Hydrobiology and Ecology Mirgaliy Baimukanov noted that traces of injuries were found on some of the dead seals, but, according to the specialist, this is not enough to determine a cause of death

What we know about massive Ukrainian drone attack on Russian regions

Russian PM to attend UN Climate Change Conference in Baku

The greater part of Mikhail Mishustin’s visit will be devoted to Russian-Azerbaijani ties

Houthis say they attacked US aircraft carrier in Arabian Sea

According to the movement’s military spokesperson, the Houthis place responsibility for "turning the Red Sea into a zone of military tension" and the impact on navigation in the area on Washington and London

Ukraine’s troops south of Kurakhovo caught in pincers — military sources

Small groups of Ukrainian soldiers have been trying to leave the communities, but all roads are under the Russian army’s fire

Ukrainian General Staff reports difficult situation along entire frontline

It also acknowledged the supremacy of the Russian army in equipment and personnel

Russia keeps building defense capacity despite conflict in Ukraine — Polish general

According to Wieslaw Kukula, if the conflict in Ukraine ends soon, Russia will be able to build up its defense capacity to the point that it could take on all of NATO

Russian engine maker unveils cutting-edge aircraft engine

"The state-of-the-art 177S engine for tactical aircraft boasts improved characteristics and is of the fifth generation class," the press service said

Dagestani deminer holds stronghold on his own for several weeks

According to the statement the enemy shelled Zakaria Aliyev almost daily but the Dagestani man’s spirit "turned out to be stronger than any weapon"

Medvedev warns that EU behavior in struggle with Russia fraught with 'bad scenario'

According to the Russian Security Council Deputy Chairman, European leaders are experiencing "autumn blues" after Donald Trump's victory in the US presidential election

Russia demonstrates Il-76MD-90A(E) airlifter to 11 foreign customers this year

The latest modification is distinguished by new equipment, including a glass cockpit, modern PS-90A-76 engines, a modified wing and reinforced chassis

Russia, China reach historic level of economic cooperation — lawmaker

"New ventures are being launched, and exciting projects, including interregional ones, are being implemented," Nikolay Zhuravlev noted

First S-550 air defense systems enter service in Russia — source

The source described the new system as "an absolutely new and unrivalled mobile system of strategic missile defense"

Russia’s Su-57 fifth-generation fighter debuts at Airshow China

Earlier, Sergey Chemezov, CEO of Russia’s state tech corporation Rostec, stated that the Su-57 is the only fifth-generation aircraft globally that has demonstrated its exceptional performance characteristics in all combat scenarios

DPR head Pushilin visits Ugledar, says town badly destroyed

Denis Pushilin added that "it is almost impossible to find an undamaged building"

Russian troops secure supply route to Plekhovo in Kursk Region — commander

It is reported that fighting in the settlement itself is taking place at the moment

Israel reports eliminating most of Hezbollah arms production sites near Beirut

The statement noted that "over the years, the Intelligence Directorate has developed a situational assessment of the locations of Hezbollah terror infrastructure in the area"

Ukraine retreating fast, delaying peace to result in lost territories — entrepreneur

"The simplest path to peace in Ukraine is to go back to the draft deal signed in Istanbul," David Sacks said

Defense enterprises in Ukraine hiding their employees from mobilization

The Ukrainian government has suspended a number of provisions that protect employees at vitally important enterprises from being called up to the army

Russia says Su-35S fighter jets provide cover to bombers, attack aircraft in Kursk Region

Also, one aircraft used onboard weapons systems to detect enemy air defense sites, according to the ministry

Top Russian security official hails strategic cooperation with China

Sergey Shoigu noted that Russia-China ties were based on the principles of mutual respect, equality, trust, non-interference in each other’s domestic affairs and support for each other on the issues that the parties found important

Over 3,800 people cross into Syria from Lebanon in past day — Russian military

As many as 3,849 people crossed Syria’s border from Lebanon

Ukraine aims to call up 1 mln people in eastern areas by end of 2024 — official

According to the plan, 360,000 people are to be mobilized in October; 325,000 and 300,000 in November and December, respectively

Ukraine imposes sanctions on maintenance services of two Moscow airports

The decree, which lists a total of 63 legal entities, sets the restrictions for a period of 10 years

Group plotting violent coup detained in Kyrgyzstan — interior ministry

According to investigators, the suspects, using a national sports match as a cover, planned "to call for violence, advance anti-constitutional demands, and destabilize the situation"

Mi-171A3 helicopter draws interest from partners in China — Russian Helicopters

The helicopter can fly in harsh conditions, particularly those inside the Arctic Circle, where satellite communication coverage is poor

Death toll from Israeli strikes on Lebanon nears 3,300 — health ministry

As many as 88 civilians received wounds during the past day, bringing the overall number of those wounded up to 14,222, including 1,280 children

Ukraine admits to mismanagement of military personnel

Maria Berlinskaya recounted how Ukraine’s army received tens of thousands of people, including "the smartest managers, the smartest economists, and very good businessmen, for free"

Press review: Russia, Belarus finalize security deal as China readies for Trump’s new term

Top stories from the Russian press on Monday, November 11th

Musk doubles down on his opinion about 'endless war' in Ukraine

Earlier, the entrepreneur opined that the bloodshed in Ukraine would end soon

Italian producer announces two collaborative projects with Russia

An attempt at cultural isolation of Russia has not borne fruit, Paolo Maria Spina said

Ukraine offers up to 750,000 dollars to Russian pilot for hijacking helicopter — TV

The correspondent also reported that the Ukrainian intelligence officer obtained the phone number of the pilot's wife and persuaded her to leave Russia before the helicopter was hijacked

Trump appoints Florida Rep. Mike Waltz National Security Advisor

Now, Jake Sullivan serves as the US National Security Advisor

Combat experience distinguishes Su-57 among fifth-generation fighters

The Russian Defense Ministry said it excellently performed in combat

Russian forces strike Ukrainian military airfields, energy sites over past day

It is reported that the Ukrainian army’s losses in that frontline area over the past 24 hours amounted to 765 personnel, an armored personnel carrier, a motor vehicle and two 122mm D-30 howitzers

Musk helping Trump choose top officials — media

According to the source, Donald Trump is tapping the best and brightest people to work with him, and he will encourage them to speak their mind

Czech intelligence warns of crime surge after Ukraine conflict ends

More than 380,000 people, mostly women and children, have fled Ukraine to the Czech Republic since February 24, 2022

Police say Russian-made drone without explosives fell down in Moldovan territory

On the same day, the Moldovan foreign ministry accused Russia of violating its air boundaries, slamming this incident as an "unfriendly step"

Ukraine issue gets more attention at UN after Trump’s election win — Russian diplomat

"People started actively commenting behind the scenes, making forecasts about where things could go now," Dmitry Polyansky noted

Hezbollah says it attacked Israeli airbases near Haifa, Tel Aviv

According to the statement, Hezbollah units also delivered a missile strike on Israel’s Tel Nof airbase located 27 kilometers south of Tel Aviv

Russia for the first time displays Su-57 jet at China show

Su-57 multirole fifth-generation fighter jet was designed to destroy all air, ground, and water surface targets, monitor the airspace at major distances from deployment bases, make adversary headquarters, command posts and control systems inoperative

US plans to remove 'arrogant' Zelensky and stage 2025 elections in Ukraine — SVR

"At the initial stage, it is planned to encourage entities within the Ukrainian civil society under their control, through US 'democratization' foundations and think tanks, to come up with a corresponding initiative," the statement reads

Israeli foreign minister says preparations underway for annexing some West Bank areas

"2025 should be the year of Israeli sovereignty in Judea and Samaria," Bezalel Smotrich said

US to continue arms supplies to Israel — news portal

According to Axios, "some of Blinken's senior aides and senior White House officials thought the ultimatum was effective and pushed Israel to change course"

Hezbollah reports over 100 Israeli troops eliminated in south Lebanon since October 1

According to the Lebanon-based Shiite party, 1 000 more were wounded

54 countries vote against resolution on combating ne-Nazism

116 countries, including Azerbaijan, Algeria, Armenia, Belarus, Bolivia, Brazil, China, Cuba, Serbia, and Syria, supported the document

Russia supports new UNSC draft resolution on Gaza — envoy

Russian Permanent Representative to the United Nations Vasily Nebenzya noted that Resolution 2735 was only a tool to gain time for Israel

Freezing conflict will only allow Ukraine to rearm itself, fight Russia anew, says expert

Ruslan Kalinchuk noted that Russia "will not negotiate on Donbass and Novorossia," while Vladimir Zelensky will not do any deals unless Russia makes concessions because "he would immediately be ousted in such an event"

West attempted to prevent Russia-Africa ministerial meeting, diplomat says

African countries realized that "this pressure contradicts their own national interests", Russian Deputy Foreign Minister Mikhail Bogdanov said

Russia, China sign cooperation memorandum — Xinhua

According to the article, Presidential Aide Dmitry Mironov led the Russian delegation, while China was represented by a Politburo member, Head of the CCP Organization Department Li Ganjie

Russia set to deepen cooperation with China in law enforcement — top security official

Russia is seeking to consolidate efforts toward fighting extremism, terrorism and transnational crime both bilaterally and multilaterally, Sergey Shoigu specified

Kiev should sign peace treaty, but this will spell end of grift for many, billionaire says

"The longer the war goes on, the more territory Ukraine will lose," David Sacks added

More countries understand reasons for conflict in Ukraine didn’t arise overnight — Lavrov

Russia’s top diplomat pointed to many years of efforts in Ukraine to eradicate the Russian language in education, news media and culture, and to the recent law that bans the canonical Ukrainian Orthodox Church

Moldova expresses displeasure about Georgian prime minister’s comments

Earlier, Georgian Prime Minister Irakli Kobakhidze told reporters "gross violations" were committed during the presidential election in Moldova, but the country’s authorities were not investigating them

Russia's AI industry ready to thrive with proper support, expert says

Artificial intelligence is a kind of mass media that communicates messages to users, giving answers to hundreds of thousands of queries daily, Ruslan Yunusov noted

France to hand over six Mirage 2000-5 jets to Ukraine — lawmaker

Frank Giletti asked to speed up the commissioning of previously ordered Rafale planes to the armed forces

Trump to reverse Biden’s executive orders in first week in office — press secretary

According to Karoline Leavitt, the 94 executive orders that Joe Biden signed in his first week in office led "to a border crisis and the economic crisis"

Russian senator slams candidate for German chancellorship’s remarks as irresponsible

Konstantin Kosachev also emphasized that talking to Russia in the language of ultimatums "is not only counterproductive, but also short-sighted, especially for Germany"

Russian Security Council secretary meets with senior Chinese official

The meeting involves consultations on security, justice and public order

Two US military bases in Syria come under missiles attacks — TV

According to tAl Mayadeen, at least two attacks targeted a military facility near the Conico gas field in the Deir ez-Zor governorate in a span of one hour

Africa goes through second 'awakening,' now from neocolonial oppression — Lavrov

"Africa no longer agrees to remain a source of raw materials that are bought and exported mainly to the West," he said

Amount of Russian assets frozen in Switzerland unchanged since August — agency

"The total amount of the Russian central bank’s assets immobilized in Switzerland is CHF 7.24 billion," said a spokeswoman for the Swiss State Secretariat for Economic Affairs

Russia’s Rubikon unmanned technology center team destroys Ukrainian armor in Kursk area

"The video shows a team of the Russian Defense Ministry’s Testing Center of Advanced Unmanned Technologies destroying Ukrainian armor by an FPV drone in the Kursk area," the ministry said

Trump to rely on forces that brought him to power — Russian presidential aide

Nikolay Patrushev agreed that Trump, when he was still a candidate, "made many statements critical of the destructive foreign and domestic policies pursued by the current administration"

Extension of conflict not in Ukraine’s interest — analyst

According to Sean Bell, the West provided a "huge amount" of weapons to Ukraine, but that didn’t help the government in Kiev

Kremlin spokesman denies media reports of phone call between Putin, Trump

Dmitry Peskov described the Washington Post and Reuters reports about the alleged telephone conversation as "the most remarkable example of the quality of the information that is published nowadays, sometimes even by quite respected outlets"

US delivers strikes on infrastructure of pro-Iranian militants in Syria — CENTCOM

According to the statement, the "strikes were in response to a rocket attack on US personnel at Patrol Base Shaddadi"

Ukrainian losses, Sudzhansky district head retirement: situation in Kursk Region

Units of the battlegroup continued offensive operations, defeating Ukrainian formations in the areas of the settlements of Daryino, Leonidovo, Malaya Loknya, Nikolayevo-Daryino and Novoivanovka

Trump to end NATO’s obsession to get on Russian territory — White House ex-strategist

Steve Bannon noted that Trump’s MAGA (Make America Great Again) movement seeks to completely cut funding to Ukraine. According to Bannon, Europe, including Italy, will follow Trump’s lead, and, if "they [Europe and Italy] truly believe what they have been saying in recent years, they should be ready to pay"

US military strikes car carrying Houthi rebel leaders — TV

According to the source, the US also carried out strikes at Houthi military targets in this area

Houthis attack two US destroyers — Pentagon

Earlier, the Houthi movement’s military spokesman Yahya Saree said that the rebels had delivered rocket and drone strikes on the aircraft carrier USS Abraham Lincoln in the Arabian Sea

Japan remains ready to sign peace treaty with Russia — top diplomat

After Tokyo imposed anti-Russian sanctions over the situation in Ukraine, Russia halted consultations with Japan on a peace treaty

IAEA chief urges Iran to find diplomatic solution on nuclear program

Rafael Grossi acknowledged that the 2015 Joint Comprehensive Plan of Action on Iran’s nuclear program, which the US later abandoned, had become an "empty shell"

Lukashenko calls for support to developing nations in accessing green technologies

The Belarusian leader emphasized that global action to combat climate change requires a united international effort in practice

Breakthrough near Krasnoarmeysk could enable Russian push toward the Dnieper — expert

Markus Reisner noted that many of the Ukrainian units on this section of the frontline are understaffed by 50%

Climate policy should be based on common sense, not ideology — Orban

The Hungarian prime minister noted that the problem of climate preservation held a prominent place in the Budapest Declaration on the New European Competitiveness

Russian lower house passes third reading of bill banning child-free propaganda

The legislation stipulates preventing the distribution of information promoting voluntary childlessness online, through the media, movies and advertisements

German president approves date for snap parliamentary election

"Based on a current assessment," Steinmeier "considered February 23 as a realistic date for new elections," a presidential spokeswoman told journalists

Medvedev suggests that Elon Musk launch campaign to amend US Constitution

Article II of the US Constitution stipulates that: "No Person except a natural born Citizen, or a Citizen of the United States, at the time of the Adoption of this Constitution, shall be eligible to the Office of President"

US State Department insists DPRK troops engaged in Russia’s borderline Kursk Region

Patel also insisted that "Russian forces have trained the DPRK soldiers in artillery, in UAV, and basic infantry operations, including trench clearing, which are critical skills for frontline operations"

Russian forces destroy Ukrainian Stryker armored vehicle in Kharkov Region

The strike’s accuracy and efficiency were confirmed by data-recording equipment in real time

Russian forces steadily advance on Boguslav direction — Belousov

The Russian Defense Minister congratulated the command and the personnel of the 153rd Armored Regiment with the liberation of the settlement of Kolesnikovka

Thailand receives invitation to become BRICS partner country — diplomatic source

The BRICS group was founded in 2006 by Brazil, Russia, India, and China, with South Africa joining it in 2011

Russian advances, Ukrainian losses: situation in Kursk Region

Units of Russia’s Battlegroup North have continued their offensive, defeating Ukrainian formations near several settlements in the Kursk Region

Lavrov to lead Russia’s delegation to G20 summit in Brazil

Russian President Vladimir Putin said at a meeting with heads of BRICS media outlets that he will not be attending the G20 summit in Brazil, scheduled for November 18 and 19

Russian troops destroy fourth US-made Abrams tank in Ukraine operation

The reconnaissance teams managed to get to the damaged vehicle, inspect it and retrieve all the necessary equipment

US hegemony ambitions led to global problems starting with Belgrade bombings — lawmaker

According to Vyacheslav Volodin, "it is very important to objectively assess the events that took place 25 years ago"

Medvedev characterizes Great Britain as eternal adversary of Russia

"At least until such time as their arrogant, despicably dank island sinks into the abyss of the sea from a wave triggered by a cutting-edge Russian weapons system," the politician said

Trump’s election win inspires with hope of Ukrainian conflict settlement – US expert

This could involve a cease-fire in place, an Armistice agreement along the lines of the Korean War Armistice of 1953,a professor of international law at the University of Illinois College of Law said

Talks between Putin, Trump before inauguration possible — Kremlin

The United States Presidential Inauguration will be held on January 20, 2025