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

{{newsPoint.title}}

{{newsPoint.title+ ' '}}

{{newsPoint.subtitle}}

Russia’s Etalon developer posts 10% rise in 2023 EBITDA to $197 mln

"We entered an investment phase in our development associated with the rapid expansion of our geographic footprint and the consolidation of our leading positions in regional markets," Gennady Shcherbina noted

MOSCOW, March 25. /TASS/. Earnings before interest, taxes and amortization (EBITDA) of Russia’s developer Etalon Group under International Financial Reporting Standards (IFRS) increased by 10% in 2023 to 18.1 bln rubles ($197.7 mln), the company reported.

"EBITDA amounted to 18.1 billion rubles, an increase of 10% year-on-year; EBITDA margin in 2023 was 20%," the company said.

Pre-PPA net loss amounted to 2.3 bln rubles ($25 mln) for FY 2023, the report said. Consolidated revenue increased by 10% to 88.8 bln rubles ($968.5 mln), while revenue in the residential development segment reached 78 bln rubles ($845.7 mln), up by 13% year-on-year.

Net corporate debt as of December 31, 2023 amounted to 37 bln rubles ($401.4 mln), while the ratio of net corporate debt to pre-PPA EBITDA was 1.9x. Funds in escrow accounts amounted to 77.4 bln rubles in 2023.

"Aggressive business growth is contingent on substantial capital investments; amid high interest rates, this puts temporary pressure on net profit. At the same time, we expect regional expansion to enable us to increase business volumes severalfold in the coming years and to gain a leading position in regional markets, while lower rates in the medium term together with reduced overhead costs and increased efficiency will enable us to achieve higher profitability," Chief Executive Officer of Etalon Group Gennady Shcherbina was quoted as saying.

"We entered an investment phase in our development associated with the rapid expansion of our geographic footprint and the consolidation of our leading positions in regional markets. We launched projects in all our new regions in 2023, becoming a genuine nationwide player," he added.

Russian stock indices decline as trading on Moscow Exchange opens

The yuan-to-ruble rate rose by 0.63%, to 14.82 rubles

Russian forces wipe out five ATACMS launchers using Iskander missiles

In particular, two MLRS launchers and a transporter-loader vehicle were destroyed near the settlement of Tokari, and three HIMARS launchers were taken out near the settlement of Maly Bobrik, the statement reads

Several Oreshnik missiles equivalent to nuclear strike, do not harm environment — Putin

The Russian president still reiterated that such a strike is not nuclear, because it is highly accurate and not equipped with a nuclear explosive device

FACTBOX: Impact of UAV attack on Krasnodar Region

Air defense forces repelled a massive drone attack on the Slavyansk and Krasnoarmeysky districts of the Krasnodar Region overnight

Iran informs IAEA of plans to install more uranium enrichment units — report

Tehran informed the IAEA that eight recently added cascades of IR-6 machines would enrich uranium to up to 5% purity

Belarusian President Lukashenko points to 'NATOfication' of Europe, entire world

"The arms race is rapidly gaining momentum," Alexander Lukashenko underlined

Russia, unlike West, does not interfere in internal processes in Georgia — Putin

The Russian leader admitted that he was surprised at the courage and firm character which the Georgian authorities displayed recently in defending their position on the Transparency of Foreign Influence law

Takeaways from Putin’s Q&A session in Kazakhstan: Oreshnik missile, inflation, ruble

The Russian president also spoke about inflation and the ruble exchange rate, noting that the situation is under control

Western analysts describe Russia's Oreshnik as longest-range weapon ever used in Europe

The recent strike on the Yuzhmash missile-producing plant in Ukraine demonstrated Russia’s "real military capability", a nuclear nonproliferation expert at the Middlebury Institute for International Studies said

Protests break out in Georgia after ruling party moves to suspend talks with EU

Demonstrators have gathered in front of the ruling Georgian Dream - Democratic Georgia party’s central office where officials remain after a meeting that decided to suspend the process of the country’s integration into the EU

Biden wants Trump to inherit hopeless Ukraine situation — Medvedev

According to the politician, this is why the US administration decided to allow strikes with ATACMS tactical ballistic missiles deep into Russia

West tired of Ukrainian conflict, while Russia ready to continue it — magazine

The article noted that the West "no longer has the political will to help Ukraine win by military means" and is trying to achieve peace through negotiations with Russia"

Design of super-heavy rocket to be finalized based on new technologies — Roscosmos

"The development of a super-heavy class rocket exposed a need for introducing innovative solutions, including new materials and engines," the press service said

Kiev troops attempted to kill British mercenary who surrendered to Russians — officer

In his words, they fired conventional 120mm mortar rounds, silent munitions and at least one FPV drone with a fragmentation charge

NATO growing more inclined to freeze Ukraine conflict — Russia’s SVR

"NATO has been unfolding training centers in Ukraine in an effort to train at least 1 million mobilized Ukrainians," the SVR highlighted

Groundless attacks on Russian journalists become trend in West — TASS

"When you want to find a black cat in a dark room, but the cat is a myth, you can find fault with anything," First Deputy Director General Mikhail Gusman noted

Putin apologizes to Merkel over labrador incident

The president said that he "wanted to create a casual, friendly atmosphere" and did not know that the former German chancellor was afraid of dogs

Georgian Police pushes protesters from entire Rustaveli Avenue in Tbilisi

Several people were apprehended

Executioner of Nazi war criminal Eichmann dies in Israel aged 86

The Israeli authorities have long kept his name secret

IN BRIEF: How Russia responded to Kiev’s strikes deep into its territory

Here are the key points about the strikes on Ukrainian military-industrial facilities

Putin believes that US President-elect Trump’s life may be in danger

Donald Trump survived two assassination attempts this year: one during a campaign rally in Pennsylvania in July, and the second one in September, when a radical supporter of aid to Ukraine opened fire near Trump’s Mar-a-Lago residence in Florida

Japan's PM reiterates desire to sign peace treaty with Russia

Moscow and Tokyo have been negotiating a peace treaty to mark the end of World War II since the mid-20th century

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

Georgia suspends consultations on launch of EU accession talks until 2028

According to Prime Minister Irakli Kobakhidze, Georgia needs to make European bureaucrats understand that they should use decent language with the country rather than employ blackmail and insults

US, NATO on brink of being recognized as parties to conflict with Russia — diplomat

According to Sergey Ryabkov, the West harbors a dangerous delusion that it can defeat Russia strategically

Kiev can only produce 'dirty bomb,' Russia to give appropriate response — Putin

"Of course, it’s possible to produce something dirty - the so-called 'dirty bomb' - using waste from nuclear power plants," the Russian leader emphasized

Europe not yet seriously considering sending its servicemen to Ukraine — magazine

At the same time, the media outlet specified that "the big idea is at least being discussed at high levels in European capitals"

Ukrainian forces follow Russian troops’ example to use fiber optics drones, Putin says

The head of state is confident that there will be a quick response from the Russian side

Russia ready for talks with Ukraine on conditions proposed in June — Putin

The head of state held a meeting with the leadership of the Russian Foreign Ministry in June, where he listed the conditions for talks with Ukraine

West should consider Russia’s signal on weapons, no point in discussing details — MFA

Maria Zakharova underscored that Russia's response to deployments of missile systems by the West that create additional threats to Russia could involve both tit-for-tat and asymmetric countermeasures

Russia launches 100 missiles at Ukraine in past two days — Putin

According to the president, overnight, the Russian Armed Forces launched a comprehensive strike with 90 missiles and 100 drones, hitting 17 Ukrainian military targets

Russia’s SVR chief questions role of NATO membership for Finnish people

"History shows that cooperation with Russia benefited Finland more than its previous attempts to follow the lead of aggressive Russophobic and even neo-Nazi policies," Sergey Naryshkin noted

Ukraine demolishes buildings with soldiers inside as Russian forces advance — DPR leader

Amid the successful advance of Russian forces, Ukrainian troops have been indiscriminately attacking civilian neighborhoods in Gorlovka, which is adjacent to Dzerzhinsk, Denis Pushilin said

Ukrainian group of 22 servicemen surrenders in Kursk Region — law enforcement officials

Photos and videos of the surrender were also posted by military reporter and expert Boris Rozhin on his Telegram channel

Clashes between protesters, police break out in Georgian capital

Police officers are using tear gas, trying to push protesters back

Decision-making centers in Kiev could be targeted in Oreshnik strikes — Putin

The Russian leader also mentioned military facilities and defense industry enterprises as possible targets

Qatar holds negotiations to expand areas of mediation between Russia, Ukraine

"We hold negotiations on other kinds of mediation. Recently, we have started working on the issue of the POWs," Qatari Foreign Ministry Spokesman Majed bin Mohammed al-Ansari added

Putin declares Kazakhstan visit a success

The Russian leader pointed out that Kazakhstan is more than just a trusted ally of Russia

Hungarian PM’s office rules out his trip to Moscow for 80th anniversary of Victory

Gergely Gulyas was commenting on the decision of Slovak Prime Minister Robert Fico to go to the Russian capital to celebrate the anniversary of Victory at the invitation of Russian President Vladimir Putin

Oreshnik’s massive strike comparable to nuclear weapons — Putin

The Russian leader additionally stressed that "certainly, Oreshnik is not a weapon of mass destruction"

FACTBOX: What to know about attacks of militants on Syria’s government forces

Israel violates ceasefire agreement multiple times — Lebanese army

According to the statement, the Lebanese military command "is keeping an eye on [Israel’s] violations in coordination with the relevant agencies"

US president, not individual politicians, should make all decisions — Lavrov

Decisions are made by the supreme commander-in-chief, the top Russian diplomat said

Russian diplomat says West sought to misrepresent Oreshnik strike, cast it as aggression

Maria Zakharova pointed out that for some, this was obviously a sobering moment, while for others it came as an unexpected surprise

Three countries express interest in BrahMos missiles

"Talks are being held with Indonesia, Vietnam, and the United Arab Emirates," Alexander Maksichev revealed

Russia developing echeloned system for air and missile defense — expert

Alexander Stepanov pointed out that "this also applies to intermediate-range high-precision systems such as the Tomahawk and other weapons that NATO countries may provide to Ukraine"

Russia designs Titan rifle for commandos

The rifle is reliable with precise and dense fire

Russia winning in Ukrainian conflict, Polish national security chief says

"The Russian side unquestionably holds both the initiative and the advantage on the battlefield," Head of the Polish National Security Bureau Jacek Siewiera said

Export duty on coking coal to be canceled from December 1 — Russian Energy Minister

Russia currently has the moratorium in effect on the steam coal export duty

Top Iranian diplomat blames rise in militant activity in Syria on US, Israel

Earlier, the Syrian Armed Forces command issued a statement, saying that Jabhat al-Nusra militants had carried out "a large-scale attack on a broad front" in the country’s north

Biden unlikely to dare to seriously increase military aid to Kiev — expert

"The potential future use of Oreshnik will render ATACMS and Storm Shadow as battle-losing capabilities," a retired British diplomat and former economic counsellor at the British Embassy in Moscow Ian Proud said

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

Russians wipe out three Ukrainian strongholds, over 20 Azov fighters in advance on Kharkov

According to Andrey Marochko, during their advance near Kopanki, which was liberated earlier this week, the Russian forces improved their tactical positions southwest of the locality as they also expanded their control zone at this sector of the line of engagement

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

Over 400 terrorists from Jabhat al-Nusra group wiped out in Aleppo, Idlib in past day

According to the Russian military, Jabhat al-Nusra’s units carried out 13 shelling attacks on the Syrian army’s positions in the Idlib de-escalation zone in the past day, with 12 attacks reported in the Idlib province and another one in the Aleppo Province

Oreshnik becomes serious problem for Ukraine — Polish general

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

Kiev regime’s ringleaders completely illegitimate, says Putin

"From the legal point of view, they do not even have the right to give orders to the armed forces, because they are usurpers of power," the president said

Putin slams election mudslinging against Trump’s family as 'vile'

According to the Russian president, when gangs fight with each other, they "don’t target women and children but leave them alone"

Russian scientists to develop computer working at ‘speed of light’ by 2027 — researcher

"In the next two years, we plan to create a working prototype with processing speed of over 10 to the power of 19 operations per second, which significantly exceeds the current global level," Alexander Sergeyev said

Work continues on placing the Sarmat missile complex on combat duty — commander

Currently, the Russian Strategic Missile Forces already have over 88% of modern missile hardware in their operational inventory

Case against Ukrainian militants, Ukrainian losses: situation in Kursk Region

Over the past day, the enemy lost more than 250 men, an infantry fighting vehicle, an armored fighting vehicle, six cars and five mortars

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

Senior Polish security official recommends NATO against sending troops to Ukraine

However, Yacek Siewiera stated that NATO should concentrate on continuing weapons supplies to Kiev and increasing pressure on Russia

Hungary opposes US, EU attempts to increase arms supplies to Ukraine

"It seems that the current Democratic administration and part of the European leadership want to amplify the risk of escalation of the conflict by any means before the new US president assumes office on January 20," minister Gergely Gulyas said

Kiev 'experimented' with using NATO troops in Kursk hostilities — official

Igor Kimakovsky added that the addition of foreign troops didn't help the armed forces of Ukraine because of effective measures taken by Russian intelligence and Aerospace Defense Forces

Russia’s top diplomat slams NATO for discussions of preemptive strikes on Russia

"These claims were made by some admiral. Absolutely reckless. They have a lot of high-ranking military officials who have never even seen real battle," Sergey Lavrov stated

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

FACTBOX: Ukraine faces explosions, blackouts

Explosions occurred in Kiev, Nikolayev, Vinnitsa, Kropivnitskoye, Odessa, Kharkov, Lutsk, Ivanovo-Frankovsk, and Rovno

Three dead, 21 poisoned in social center in Russia’s Altay Region

It is reported that the organization’s premises were decontaminated and sanitized

Putin concludes state visit to Kazakhstan

Before leaving, the Russian president was answering journalists’ questions on various subjects for almost an hour

Situation with ruble rate under control — Putin

The Russian leader stressed that "there are definitely no grounds for panic"

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

Russia’s nuclear potential is powerful 'security blanket,' US admits — top researcher

Mikhail Kovalchuk noted that Russia should continue strengthening this potential

Israel ready for all-out war should Lebanon ceasefire be disrupted, PM says

"If the agreement is violated, we will proceed to an all-out war," Benjamin Netanyahu told

TV Pirveli cameraman injured during rally near parliament building in Tbilisi

Meanwhile, the Interior Ministry reported that three policemen were injured during the clashes, adding that the rally has exceeded the scope of the law on public gatherings

US cutting aid to become death sentence for Ukraine — Russia’s mission to UN

According to Dmitry Polyansky, the Kiev authorities "have stolen so much in these almost three years that even many Western experts' hair stands on end"

One in three relocated individuals return to Russia from Ukraine — diplomat

Maria Zakharova pointed out that the Kiev regime itself brands these figures as "terrible"

Defense Minister notes active expansion of Russia-North Korea military cooperation

"We look forward to close and fruitful cooperation with our Korean comrades," Andrey Belousov said

Press review: Russia to avenge Kiev's new strike as experts analyze US-EU trade risks

Top stories from the Russian press on Wednesday, November 27th

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

Biden’s initiative on Middle Eastern ceasefire overdue yet important — Erdogan

"Regional and global peace cannot be achieved unless an urgent, just, lasting ceasefire is established in Gaza," the Turkish leader stressed

Biden's decision on ATACMS 'not panacea', it will harm Kiev — Defense News columnists

The article reads that the US intelligence community warned of the risks associated with US missile strikes on Russian territory and suggested abandoning the decision

No injuries in Ukrainian drone attack on Russia's Krasnodar Region

Earlier, the Russian Defense Ministry reported that eight drones fired by Ukraine at the Krasnodar Region were destroyed

Syrian forces begin counteroffensive near Aleppo — TV

According to the report, the government forces have already liberated the town of El Bakoum

Russia hopes to publish list of BRICS partner countries by year’s end — MFA

Sergey Ryabkov pointed out that "the world's interest in interacting with this structure is very high"

Russian forces now control about eight hectares of land near LPR’s Stelmakhovka — expert

Andrey Marochko noted that after liberating Pershotravnevoye in the Kharkov Region and creating a bridgehead there for further advance, the Russian servicemen advanced to the west of the occupied borders

Russia not on list of participants in 2026 FIFA World Cup Preliminary Draw

The 2026 FIFA World Cup will be co-hosted by Canada, Mexico, and the United States

Russia may block agenda of US Security Council presidency next month — mission to UN

First Deputy Permanent Representative of Russia to the UN Dmitry Polyansky said that the US may try to complicate life for the successors to the presidency

Ukrainian media reports plant in Lvov Region destroyed

The plant specializes in manufacturing bits for drilling artesian, oil, and gas boreholes

Strike on NATO bases possible in case of escalation, Medvedev says

He made this comment answering a question if Russia can strike military hubs in Romania and Poland

West should read Russia's transparent nuclear doctrine carefully — top security official

"In general, the doctrine is uncomplicated, clear, and transparent," Sergey Shoigu noted

Throughput capacity of Eastern Range to reach 180 mln tons this year

Visible results were also achieved in road building, Russian Prime Minister Mikhail Mishustin noted

Russia not going to leave strikes deep inside country unanswered — Putin

"As I have repeatedly said, we will always respond," the president emphasized

Unidentified UAVs continue to appear over US Air Force bases in UK — newspaper

On Tuesday, about 60 British military experts were stationed at US airbases across the UK to operate a counter-UAV system to operate a counter-UAV system designed to detect, track and destroy them

Russia strikes Ukrainian military airfields, manpower in 146 areas over past day

Russia’s Battlegroup South inflicted roughly 330 casualties on Ukrainian troops and destroyed two enemy ammunition depots in its area of responsibility over the past day, the Defense Ministry reported

Chad severs defense cooperation agreement with France — AFP

On April 18, the Chadian authorities sent a letter to the United States, in which they notified Washington about their intent to sever the military agreement

No turning back on BRICS independent payment system

According to Sergey Ryabkov, BRICS is creating a payment structure that countries of the global majority can use to protect themselves from "hostile states" who want to do them harm

Russia’s nuclear umbrella extends to post-Soviet security bloc under new doctrine — Shoigu

Russia’s revised nuclear doctrine also stipulates the criteria for the use of nuclear weapons when aggression is launched against Belarus by conventional arms and when there is a threat to the very existence of Belarus, Sergey Shoigu elaborated

Israel reports some violations of Lebanon ceasefire by Hezbollah

"The Israeli Air Force attacked the terrorists," IDF said

Kiev opposes Washington's demand for lowering draft age — media

A representative of US President Joe Biden's administration had earlier stated that the Ukrainian military is facing a critical manpower shortage

Stabilization in Afghanistan opens door for deeper relations — Putin

The Russian president pointed to a tense global situation