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VTB posts 17% drop in Q1 net profit under IFRS to $1.3 bln

As of March 31, 2024, VTB Group’s assets amounted to $338 bln, up by 6% year-to-date

MOSCOW, April 25. /TASS/. Net profit of VTB Group under International Financial Reporting Standards (IFRS) amounted to 122.4 bln rubles ($1.3 bln) in Q1 2024, down by 17% year-on-year, according to financial results. Q1 net profit of the group totaled 147.2 bln rubles ($1.6 bln at the current exchange rate).

"VTB Group posted a net profit of 122.4 billion rubles for 1Q 2024, a 16.8% decline from the previous year, stemming from uneven FX gains and one-off effect from RNCB acquisition," VTB said.

As of March 31, 2024, VTB Group’s assets amounted to 31.1 trillion rubles ($338 bln), up by 6% year-to-date. Total loan book before loan loss provisions equaled 22.1 trillion rubles ($240 bln), up by 5.4% since the start of the year. Loans to legal entities increased by 6.8% in Q1 to 15 trillion rubles ($163 bln). At the year’s start, year-on-year growth in loans to individuals slowed down to 2.6% by the end of 1Q, with the retail loan portfolio reaching 7.2 trillion rubles ($78 bln).

Price freeze on Russian fertilizers extended, producers push for 15% increase

Companies have submitted a respective request to the Industry and Trade Ministry, the source said

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

Press review: Trump forms foreign policy team and Europe sets course for militarization

Top stories from the Russian press on Wednesday, November 13th

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

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

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

FACTBOX: What we know about night-time drone attacks on Russian regions

Overnight, 29 Ukrainian fixed-wing drones were destroyed in the skies over the Kursk, Belgorod, Tver, Bryansk, Penza, and Voronezh regions, the Defense Ministry said

Russian Security Council secretary meets with senior Chinese official

The meeting involves consultations on security, justice and public order

Russia supports Mali's appeal to UN Security Council on Kiev's actions — MFA

In August, Burkina Faso, Mali and Niger sent a letter to the chairman of the UN Security Council condemning Ukraine's open support of international terrorism, particularly in the Sahel region

What is known about Sevastopol car blast

Sevastopol Governor Mikhail Razvozhayev did not rule out the possibility that the incident was the result of sabotage

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

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"

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"

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

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"

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"

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

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

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"

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

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

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

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

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

Russian politician condemns destruction of dam on Kurakhovo reservoir as Kiev’s terror act

Earlier, military sources told TASS that Ukrainian forces sank their own positions in a low-lying area near Kurakhovo as they blew up the dam, killing at least 10 Ukrainian soldiers

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

China-Russia relations reach highest level in history, senior official says

Chen Wenqing stressed that the two countries always adhere to the principles of mutual respect, equality, and mutually beneficial cooperation, strengthening mutual political and strategic trust

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

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

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

Ukrainian forces ready to withdraw from Kurakhovo, but no order yet — serviceman

According to the report, the Russian army is "attacking from three sides"

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

Russia to ensure parity in response to US missile defense system in Poland — Kremlin

Dmitry Peskov emphasized that by placing the missile defense system in Poland, the United States is bringing its military infrastructure closer to Russia in an attempt to curb its potential

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

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

Talks between Putin, Trump before inauguration possible — Kremlin

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

FSB foils attempted terrorist attack on power station in Nizhny Tagil

It was revealed that the detainee had materials for producing an improvised explosive device and had been communicating with Ukrainian security services via Telegram

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

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

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"

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

Trump appoints Florida Rep. Mike Waltz National Security Advisor

A retired Army National Guard officer and war veteran, Mike Waltz is "a nationally recognized leader in National Security," Donald Trump said

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"

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

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 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"

Ukraine fires roughly 70 munitions at Russia’s Belgorod Region in last 24 hours

Ukraine attacked four settlements in the Belgorod district with 17 munitions and three drones, damaging one private house

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

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

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

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

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

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"

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

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

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

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

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"

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

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

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

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

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

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

Russia has written off $20 bln worth of African debts — MFA

Mikhail Bogdanov added that it allows using those debts "to implement socio-economic projects directly in the country"

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

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

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

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"

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

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

African countries interested in joining work in BRICS format — Russian MFA

The first ministerial conference of the Russia-Africa Partnership Forum was held on November 9-10 in the Sirius Federal Territory on Russia’s Black Sea coast

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

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

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"

Ukrainian General Staff reports difficult situation along entire frontline

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

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"

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 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"

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

Africa to become advanced continent, Russian diplomat says

The continent’s development processes are gaining momentum, Mikhail Bogdanov noted

Russia to push for release of hostages held by Hamas, senior diplomat says

"We originally had one Russian citizen and there is also a Donbass resident," Mikhail Bogdanov noted

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"

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

Combat experience distinguishes Su-57 among fifth-generation fighters

The Russian Defense Ministry said it excellently performed in combat

Trump's planned key appointments

Trump appointed Congressman Michael Waltz (Republican, Florida) as national security adviser

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

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

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"

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

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%

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

Russia to open embassies in several African countries — MFA

In some African states, such as South Sudan, for example, the Russian side reached an agreement at some point to open an embassy, though "it has not been done for a variety of reasons," Mikhail Bogdanov noted

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

China puts army on alert in South China Sea

On November 10, China’s Ministry of Foreign Affairs lodged a protest with the Philippines after Manila implemented a maritime law asserting its exclusive right to tap resources in a 370-kilometer zone off the country’s coast

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

DPR head Pushilin visits Ugledar, says town badly destroyed

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

Russian naval aircraft hit targets by missiles in drills over Barents Sea

The fighter jets launched air-to-air missiles against targets simulated by illumination air bombs

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"

22 international flights canceled due to Bali volcano eruption

The eruption of Mount Lewotobi began on November 4

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

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