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

{{newsPoint.title}}

{{newsPoint.title+ ' '}}

{{newsPoint.subtitle}}

Bank of Russia keeps key rate at 16% per annum again

The current price growth rate has stopped decreasing and remains close to the levels of 2024 Q1, the regulator noted

© Gavriil Grigorov/TASS

MOSCOW, June 7. /TASS/. The Bank of Russia has again kept its key rate at 16% per annum, though it holds open the prospect of increasing it at the upcoming meeting, the regulator said in a press release.

"On 7 June 2024, the Bank of Russia Board of Directors decided to keep the key rate at 16.00% per annum. The current price growth rate has stopped decreasing and remains close to the levels of 2024 Q1. Growth in domestic demand is still outstripping the capabilities to expand the supply of goods and services. The Bank of Russia holds open the prospect of increasing the key rate at its upcoming meeting. Furthermore, returning inflation to the target will require a significantly longer period of maintaining tight monetary conditions in the economy than it was forecast in April," the regulator said.

Over the medium-term horizon, the balance of inflation risks has shifted even more towards proinflationary ones, the Central Bank noted. "The key proinflationary risks are associated with changes in terms of trade (including as a result of geopolitical tensions), persistently high inflation expectations and an upward deviation of the Russian economy from the balanced growth path," according to the press release.

Meanwhile maintaining large-scale government subsidized programs may slow the return to more moderate lending growth rates. Disinflationary risks are primarily related to a faster slowdown in domestic demand than expected in the baseline scenario, the regulator said. According to its forecast and given the monetary policy stance, annual inflation will return to the target in 2025 and stabilize close to 4% further on. That said, the current price growth rate has stopped decreasing and remains close to the levels of 2024 Q1. In April, the current seasonally adjusted price growth equaled 5.8% in annualized terms after 5.7% (on average) in 2024 Q1. Seasonally adjusted core inflation rose to 8.3% in annualised terms from 7.1% (on average) in 2024 Q1. Concurrently, one-off factors related to the indexation of tariffs on communications services and an increase in prices for domestic cars also contributed to price growth in April-May. According to the estimate as of June 3, annual inflation stood at 8.1% after 7.8% at the end of April.

The Russian economy still shows a significant upward deviation from a balanced growth path, the regulator noted.

Consumer activity remains high amid a significant increase in households’ incomes and positive consumer sentiment. According to companies’ surveys, investment demand remains high. Labor shortages come as the key constraint on the expansion of output of goods and services. Labor market tightness continues to grow. Unemployment has dropped to a new historical low.

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

Theft of Russian assets to nullify trust towards EU — MFA

Maria Zakharova pointed out that the European Union had lost independence

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

Ukraine's budget deficit next year will reach 19.4% of GDP

The country's Finance Ministry reported earlier that Ukraine's national debt has grown by $3.2 bln in three months to $155.36 bln

Russia's military to restore control of all districts of Kursk Region — Kremlin

"The situation in those areas which are under the control of the Ukrainian militants is extraordinary, of course," Dmitry Peskov stated

Russia calls on UN to give honest assessment of sanctions' impact on Syria — envoy

Vasily Nebenzya stressed that Russia was waiting for the UN to "send a clear signal to Western donors regarding the need to lift unilateral illegal sanctions and actively support long-term development reconstruction"

Twenty Hezbollah commanders killed in Israeli strike on Beirut — Axios

The news website cited a senior Israeli official who confirmed that Israel had not informed the US in advance of the preparations for the attack on Beirut, "but briefed senior US officials on the matter immediately after it was carried out"

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

Russia to explain risks of cooperation with NATO to post-Soviet countries — MFA

"No doubt, such voyages of representatives of the aggressive military bloc do not contribute to regional stability and security," Maria Zakharova said

Russia fully ready to defend its interests in Arctic — Lavrov

The minister to say that NATO is becoming increasingly interested in the Arctic region

Gas reserves in European USG facilities approach 93.5%

Gas injections into UGS facilities slowed significantly in September to the lowest level since 2011

Ministerial meeting in Turkey within 3+3 platform on South Caucasus in the works — MFA

The six-party platform for regional cooperation in the South Caucasus was initiated by Azerbaijani President Ilham Aliyev and Turkish President Recep Tayyip Erdogan in late 2020

Ukrainian drones attack Kamenka-Dneprovskaya in Zaporozhye Region

"Another cynical attack by terrorists for whom nothing is sacred," Governor Yevgeny Balitsky said

Businessman probably related to exploding gadgets in Lebanon missing in Norway

At this point, there is no evidence indicating that Rinson Jose had any knowledge about the operation to create the explosive gadgets

EP resolution regarding strikes on Russia madness, EU seeks war — French politician

According to Florian Filippot, France should urgently withdraw from the EU and advocate for a peaceful settlement of the Ukrainian conflict

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

Senior Hezbollah commander killed in Beirut was injured in Sep 18 walkie-talkie blast — TV

Ibrahim Aqil was appointed to replace Fuad Shukr, who was killed in an Israeli airstrike on the southern suburb of Beirut on July 30

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"

West is persuading Ukraine to give up claims to 1991 borders — legislator

Yegor Chernev shared a "feeling" that the Western world is ready to declare as a victory for Ukraine at least the fact that "Kiev has not fallen" and that it "has not lost its sovereignty"

Russia offers safe haven for people trying to escape Western liberal ideals

Under the document, such foreign nationals will have the right to apply for temporary residence in Russia "outside the quota approved by the Russian government and without providing documents confirming their knowledge of the Russian language, Russian history and basic laws"

Ukrainian breakthrough attempts thwarted: developments in Kursk Region

The Russian military repelled three attempts by the Ukrainian military to break through the border near Novy Put, Malaya Obukhovka and Medvezhye

Ukrainian forces in difficult situation in Kursk Region, try gain foothold — commander

Major General Apty Alaudinov added that, on Thursday, he visited the rightmost flank of the Russian troops on the Kursk direction - near cities of Rylsk and Lgov

Russia cautions Chisinau against involvement in Ukrainian conflict — Foreign Ministry

Maria Zakharova drew attention to the speculations about Romania's plans for redirecting to Moldova the mobile maintenance stations for F-16 fighter jets received by Bucharest for their subsequent deployment at the Marculesti airbase

Over 6,200 Kursk Region residents evacuated from border areas over week

Around 11,000 people are currently staying in temporary accommodation centers across 32 Russian regions

Ukrainian troops attack two settlements in Russia’s Belgorod region, leaving no casualties

Governor Vyacheslav Gladkov added that in the settlement of Murom, the Shebekinsky district, the windows of a private house were broken out, the roof and fence were damaged due to a drone attack

Russia delivers urgent assistance to Mali — portal

The delivery was organized as part of military cooperation between Russia and Mali to boost defense and security ties

Putin instructs authorities to support small producers of drones

The Russian leader noted that products manufactured by small enterprises, including drones, are not inferior in quality to those made by large ones

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

Israel wants no war with Lebanon — ambassador to UN

Unless de-escalation is reached through diplomacy, Israel will have no other choice except to use all means for protection of its citizens, Danny Danon said

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

Russian forces take control of two settlements in Kursk Region

According to Major General Apty Alaudinov, the entire frontline in moving forward, with Ukrainian soldiers surrendering

US-led coalition’s aircraft violate Syrian airspace ten times in past day

Three violations of the deconfliction protocols of December 9, 2019 linked with the flights by the US-led coalition unmanned aerial vehicles were reported in Syria in the past

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

Russian Federation Council Speaker calls detonations in Lebanon a 'heinous attack'

Valentina Matviyenko noted that Russia’s position regarding the ongoing escalation in the Middle East was "clearly stated by the Russian Foreign Ministry and the Russian Representative to the UN"

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

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

First five Baikal aircraft will be delivered in 2026 — minister

"It has been decided that we will switch to the domestic VK-800 engine," Anton Alikhanov said

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

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

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

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

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

Two unmanned aerial vehicles have been downed near Tikhoretsk

Russian troops entrenched in liberated settlements of Kursk Region’s Sudzha District

According to commander of the Akhmat special forces unit Apty Alaudinov, the situation is under control

Russia's international reserves up by $2.5 bln over week to $616 bln

Russia’s international reserves are highly liquid foreign assets available with the Bank of Russia and the Russian government

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

Transformer damaged in Ukrainian attack on Energodar, Zaporozhye NPP safety jeopardized

This substation is engaged in supplying power to the plant’s infrastructure facilities, the plant said in a statement on its Telegram channel

Explosions in Lebanon pose interest for Russian intelligence — Kremlin spokesman

According to Dmitry Peskov, Moscow has not discussed the events in Lebanon with regional actors

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

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

Drones downed in southwest of Russia’s Tver Region

Emergency services together with representatives of the territory’s administration are working on the spot

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"

Russia will not 'shoot itself in the foot' by halting gas supplies — Lavrov

According to the top Russian diplomat, for many decades, since the times of the Soviet Union, since the 1970s, Moscow has been establishing mutually beneficial cooperation in gas supplies

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

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

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

Fourteen dead in Beirut airstrike - Lebanese Health Ministry updates casualty statistics

The local civil defense service reported that a search and rescue operation was still underway in the al-Qaim neighborhood, where two residential buildings had collapsed

Stoltenberg's statements on use of long-range missiles against Russia senseless — MFA

According to the outgoing NATO Secretary-General, Ukraine's use of long-range missiles will not lead to the alliance being drawn into a conflict with Russia

Russia sanctions likely to dilute US dollar’s dominance, IMF says

Radical restrictive measures imposed by Western countries may contribute to the emergence of small currency blocs based on trade between certain groups of states, IMF’s first deputy managing director Gita Gopinath pointed out

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

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"

Turkey’s top diplomat confirms Ankara seeks to join BRICS

Ankara always looks for new opportunities to expand its trade and economic cooperation anyway, Hakan Fidan added

Hezbollah fires anti-tank missiles at Israeli positions in Metula

According to the broadcast, at least three of them hit targets

Israel to continue operations in northern areas until all residents return to their homes

On September 17, the Israeli military political cabinet said that the return of residents, who were evacuated from Israeli settlements near the border with Lebanon amid Hezbollah shelling attacks, was added to the list of official objectives of Israel’s military campaign

Press review: Israel declares new phase of war and Russia boosts drone production

Top stories from the Russian press on Friday, September 20th

EU plans to extend the freeze of Bank of Russia’s assets for 36 months from January 2025

The European official stressed that for this decision to come into force, all EU countries must unanimously approve it by the end of the year

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

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

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

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

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

Air defenses eliminated UAVs over eight regions, Defense Ministry said

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

Florida court rules to arrest Russian citizen Postovoy, take him to Washington

The date of the next court hearing, to take place in Washington, has not been set yet

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

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

Attempts made to provoke Hezbollah with aim of US interference in war — Lavrov

Lavrov pointed put that without this, recurrent outbreaks of violence will never stop in the Middle East

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

Ten Ukrainian drones destroyed over Russia’s Bryansk Region — governor

There are no casualties or damage

Up to 62 flights of Ukrainian drones reported near ZNPP every day — Russian diplomat

Mikhail Ulyanov recalled that Ukraine had been shelling the ZNPP practically non-stop from mid-July to November 20, 2022

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

US volunteer Russel Bentley missing in Donetsk killed — RT editor-in-chief

Bentley came to Donbass from the United States in 2014

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’ 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

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

Lifting ban on strikes deep into Russia won't help Ukraine much — Pentagon

Russian Deputy Foreign Minister Sergey Ryabkov, for his part, said that Moscow was aware of the West's decision to attack deep into Russian territory and to send appropriate signals to Kiev

Russia-Africa summit to be held in 2-3 years on African continent — Lavrov

There is a plan of action developed by the commission of the African Union and the government of the Russian Federation through 2026, Russian Foreign Minister said

Russia’s Akhmat special force destroys military storage facility in Kursk direction

Akhmat also eliminated one armored personnel carrier and one self-propelled artillery weapon, the deputy chief of the Main Military-Political Directorate of the Russian Armed Forces Apty Alaudinov said

Gazprom warns Naftogaz about possible Russian sanctions if transit trial continues

Gazprom also believes that the current circumstances deprive it of its fundamental right to a fair and impartial hearing in court

Only Lebanese hospitals, kindergartens used exploded pagers — Iranian ambassador

Multiple explosions of communication devices occurred in Lebanon on September 17 and 18

US to step up efforts to limit Russia’s fuel exports, defense imports – White House

Sanctions and export controls are "our tools", US Deputy National Security Advisor for International Economics Daleep Singh said

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."

Serbian citizens sincerely appreciate Putin - deputy PM

According to Aleksandar Vulin, the Russian president "is appreciated because he fights for the values we believe in"

Ukrainian troops captured: situation in Kursk Region

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

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

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

Cases against Ukrainian servicemen: situation in Kursk Region

Russian investigators have initiated three criminal cases against Ukrainian militants involved in crimes against civilians in the Kursk Region

Turkish banks want to stop transactions with Russia, transfer them to one bank — source

The issue reportedly concerns private and state-owned Turkish banks that do not have foreign partners, mainly Western ones

Kiev and EU open joint defense innovation office — Ukrainian Defense Minister

According to him, the so-called IT coalition of 13 countries has already attracted more than 70 million euros for the needs of Ukraine

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

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

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

Two-thirds of Abrams tanks in Ukraine already destroyed — Russia’s deputy OSCE envoy

As Maxim Buyakevich noted, the discussion is afoot in the West about the possibility of using high-accuracy long-range weapons against facilities deep inside Russian territory

Iran warns about pending response to Israel after Hamas leader Haniyeh’s killing

The head of Iranian Supreme Leader Ali Khamenei’s office slammed human rights activists for practicing double standards, when they are "silent while 41,000 Palestinians in the Gaza Strip, mostly women and children, have been killed by the cruel Zionist regime"

Strikes at Beirut and shelling of Lebanon: escalation on Lebanese-Israeli border

The IDF has also intensified the hostilities in the northern direction and started carrying out massive airstrikes at Hezbollah targets in southern Lebanon

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