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Price of oil barrel to reach $81.29 in 2024, $72.84 in 2025 — IMF

According to the document, Russian oil, which is mainly exported to China and India, traded above the price cap set by the G7 for most of last year, but at a discount of $15-20 to Brent

WASHINGTON, October 22. /TASS/. Experts of the International Monetary Fund (IMF) believe that the average price of a barrel of oil will reach $81.29 in 2024 and $72.84 in 2025, according to the IMF report on the prospects for the development of the world economy.

The IMF explained that it meant the simple arithmetic average of the prices of Brent, Dubai, and WTI grades of oil. It emphasized that production cuts by OPEC+ countries supported global oil demand growth, while geopolitical tensions in the Middle East offset significant production increases by non-OPEC+ countries.

According to the document, Russian oil, which is mainly exported to China and India, traded above the price cap set by the G7 for most of last year, but at a discount of $15-20 to Brent.

The IMF noted that energy commodity prices are expected to fall by around 3.8%, driven by declines in natural gas (16.4%) and coal (18%), which are moving away from their peaks in 2022, but not as quickly as expected in April.

BRICS to create banking, financial system independent of West — Iranian envoy

"We should not make ourselves act in accordance with Western standards, which inflict damage on Global South countries as they are aimed solely at satisfying the demands of Western countries," Kazem Jalali said

US will lose 3.5% of electricity generation by refusing Russian uranium — expert

As an example, Alexander Uvarov named the situation with fast neutron reactors

Ukraine’s membership in NATO absolutely unacceptable for Russia — UN envoy

Vasily Nebenzya also added that threats to Russia’s security cannot be eliminated without the demilitarization and denazification of Ukraine

Presence of two hundred mercenaries in Chasov Yar confirmed — military intelligence

It is noted that intercepted radio messages "indicate their frequent refusal to obey combat orders"

Russian troops liberate Novosadovoye community in Donbass region over past day

Russia’s Battlegroup East improved its frontline positions and inflicted roughly 110 casualties on Ukrainian troops in its area of responsibility over the past day, the ministry reported

Number of debris from lost Intelsat satellite grows four times — Roscosmos

The obtained data regarding the Intelsat-33e debris indicate that there is a potential threat to all operating spacecraft, including the geostationary orbital cluster of the Roscosmos state corporation, the news release reads

Abnormal voting for Sandu, Eurointegration seen in Moldovan election — Kremlin

Dmitry Peskov explained what the unfree election campaign in Moldova was all about

Lukashenko tells Putin situation is "starting to get tense with Wagner"

The Belarusian leader noted that they want to go to Warsaw

Putin meets NDB President during BRICS Summit

The meeting takes place in the Governor’s Palace of the Kazan Kremlin

Press review: Kazan readies for BRICS summit and Israel's plan to attack Iran leaked

Top stories from the Russian press on Monday, October 21st

Alternative peaceful America exists — Maduro

Venezuelan President Nicolas Maduro also declared his readiness to build a “new world”

Press review: BRICS leaders mull expansion and US unveils $400 mln aid package for Kiev

Top stories from the Russian press on Tuesday, October 22nd

Fuel explosion likely behind destruction of European Intelsat satellite — scientist

Nathan Eismont added that all the satellite fragments recorded so far have been catalogued and their trajectories can be predicted

Russia attaches special importance to strengthening relations with Africa, Putin says

Russia looks forward to receiving South Africa’s top diplomat at the first ministerial conference of the Russia-Africa Partnership Forum to be held in Sochi on November 9-10, the Russian leader said

West wanted Georgia to begin 3-4 day war on Russia — ruling party founder

Georgia’s authorities have repeatedly said that certain forces are seeking to drag the country into an armed confrontation with Russia, especially immediately after the beginning of the armed conflict in Ukraine

Post-Soviet security bloc thwarts enemy invasion in Tajikistan drills

Under the scenario of the drills, the notional enemy crossed the state border in several directions, the report specified

BRICS countries to be invulnerable to sanctions due to lowered dollar dependence — NYT

It is reported that BRICS members are looking for alternative sources of financing because "the International Monetary Fund and the World Bank are dominated by the West, especially the United States"

Brazilian, Cuban presidents not to attend BRICS Summit in Kazan — Kremlin aide

According to Yury Ushakov, Luiz Inacio Lula da Silva will skip the summit due to health problems, while Miguel Diaz-Canel has opted to stay home amid serious energy problems

FACTBOX: What is known about cargo plane crash in Sudan

According to the media, one crew member was allegedly carrying an ID of Viktor Granov, who was an employee of Airline Transport Incorporation FZC

Member states to make important decisions to strengthen BRICS during Kazan summit — Putin

According to the Russian leader, the work at the BRICS Summit will begin already in the evening

Israel confirms elimination of head of Hezbollah leader’s successor Safieddine

The IDF said it would continue to act against senior Hezbollah commanders

Poland decides to close Russian consulate general in Poznan — top diplomat

"The stay of its employees on the territory of the Poland will be recognized as undesirable," Radoslaw Sikorski said

FATF will not blacklist Russia, expert says

This would create the threat of disintegration of the organization, EHESS Director of Studies Jacques Sapir said

Future generations of EU taxpayers will pay for theft of Russian assets — diplomat

According to Kirill Logvinov, the European Union has committed an act of global theft by using income from frozen Russian assets to issue a loan to Kiev, which will damage the reputation of the euro

Venezuelan President Nicolas Maduro arrives in Kazan to attend BRICS Summit

He was welcomed by Prime Minister of the Republic of Tatarstan Alexey Pesoshin and other officials

Indian PM tells Putin about his talks with Kiev authorities — diplomat

Foreign Secretary Vikram Misri noted that in its efforts to find a solution to the conflict in Ukraine, India is trying to "continue to stay in touch with key players, assess the possibility of finding a peaceful way to end the conflict"

BRICS to create banking, financial system independent of West — Iranian envoy

"We should not make ourselves act in accordance with Western standards, which inflict damage on Global South countries as they are aimed solely at satisfying the demands of Western countries," Kazem Jalali said

Russian Yars road-mobile ICBM launchers embark on combat patrol in drills

It is reported that the Russian Strategic Missile Force personnel will practice assigned objectives and scenarios, and in particular, sharpen the skills of conducting intensive maneuvers along combat patrol routes in combat alert operations

West seeking to entangle Georgia in war with Russia — expert

Vaso Kapanadze predicted that the situation could change if the ruling party secures victory in the parliamentary elections in Georgia on October 26

Iran expects Israel’s strike to be limited — Revolutionary Guards general

Lieutenant General Mohammad Ali Jafari said Israel "will not take serious and significant measures"

France in discussion with partners about inviting Ukraine to NATO immediately

French Foreign Minister Jean-Noel Barrot is on a two-day visit to Kiev

Rapid development of BRICS raises questions about relevance of G20 — expert

BRICS member states are now overtaking the G7 countries in terms of output, Andrey Koshkin emphasized

Egyptian leader thanks Putin for support for Egypt’s accession to BRICS

The Egyptian leader expressed support for the idea to turn BRICS into a platform that could resist current international crises

Ex-Crimean prosecutor reveals appointment as advisor to Russia’s top prosecutor

Natalia Poklonskaya informed that she had stopped updating social networks and any public activity

Press review: Zelensky's Victory Plan jumbled mess and SCO helps usher in new world order

Top stories from the Russian press on Thursday, October 17th

Russian forces block Ukrainian group in Selidovo — security forces

All roads leading out of the city are under the full fire control of the Russian army

Putin, Modi discuss expansion of cooperation in defense, energy, economy

"The sides also agreed on holding the next meeting of the Indian-Russian intergovernmental group on defense cooperation in Moscow in the near future," India’s Foreign Secretary Vikram Misri said

Egyptian, Russian leaders see urgent need for de-escalation in Middle East

The two Presidents called for an urgent and immediate ceasefire in Gaza and Lebanon

Situation in Kursk region

Aviation, artillery and missile troops continued to defeat manpower and equipment of the Ukrainian armed forces in the Kursk region, as well as their reserves in the Sumy region

Israel delivers more airstrikes on Hezbollah targets in Beirut

Israel has been delivering massive airstrikes on Hezbollah military targets in Lebanon since September 23, when it launched Operation Northern Arrows

Houthis attack Israeli military base with hypersonic missile — spokesman

According to Yahya Saria, the Houthis’ missile "successfully reached its targets, bypassing American and Israeli interception systems"

Russia destroys Ukrainian jamming system in Kursk region using attack drone

As a result of the missile strike, delivered by the Inokhodets attack UAV, the electronic warfare system and the crew manning it were destroyed, the ministry added as it also released a video

Zelensky accepts Putin’s proposal, ready for peace talks

According to his press secretary Sergey Nikoforov, consultations are underway about the place and time of the negotiations

Ukrainian shelling damages eighteen cultural heritage sites in Kursk Region

There are 1,041 cultural heritage sites across nine municipalities in the Kursk Region, where the civilian population has been fully or partially evacuated

Putin, Xi exchange views on situation in Ukraine — Kremlin

Both leaders "noted a significant convergence of positions and approaches with regard to what is happening in the world," Dmitry Peskov added

New Russian combat equipment in 2024

Russia’s Ufa submarine heads from Baltic Sea to Pacific — Russian Defense Ministry

The main attack system is the Kalibr-PL armed with high-precision missiles

Foreign mercenaries engaged in torturing civilians in Kursk Region — Russian soldier

"There is no nation, they come from all over the world," the serviceman said

Goznak expects notable increase in profits this year

This is "due to a serious improvement in the export situation, as well as the area of digital products and services of Goznak," according to the report

Hezbollah drone fired at Netanyahu’s home hit bedroom window — report

According to the media, the damage was slight, probably because the home has windows of reinforced glass

Zelensky plan dangerous, plays into US hands — Hungarian expert

Gabor Stier said that this plan "contains a call for further arming Ukraine and leads to an escalation of the conflict"

Duma ratifies agreement on avoidance of double taxation between Russia, Malaysia

It is necessary to revise the Soviet-Malaysian agreement due to changes in the conditions of economic activities of both states, the Russian government said

US private military company’s main forces leave Kursk Region — Russian serviceman

The commander noted that Ukrainian mercenary units do not serve as assault squads, but rather they work as barrage detachments, sabotage and reconnaissance groups, and snipers

Russia, Iran almost completely shift to national currencies — Kremlin

Russia and Iran are implementing several large-scale mutual projects in the sphere of transport and energy, the press service added

Concern mounts in Netherlands about superbug from Ukraine

According to the report, superbugs are often found in Ukrainian soldiers, who undergo treatment in the country

Guterres’ visit to Kazan shows BRICS became important for West — official

President of the BRICS International Forum Purnima Anand pointed out the importance and the value of the upcoming event

Cargo plane downed over Sudan by mistake, no survivors reported — website

According to the report, one RSF commander said on a video, published by the militia, that it downed an "Egyptian Antonov plane" using "guided missiles

Ex-MMA fighter Monson says it took him some time to become Putin’s supporter

"I think there is nobody neither in the United States nor anywhere in the world who can say he does not love Russia or puts Russia first," Jeff Monson added

Russian forces destroy Ukrainian army’s strategic positions near Terny in DPR

The Ukrainian army attempted to regain control of the strategic positions but was unsuccessful

Israel's Olympics eligibility is 'traversity' in view of genocide in Gaza — Monson

"As long as the United States is influencing the IOC with money, the situation will not change," the US-born Russian lawmaker said

China favors BRICS expansion — ambassador to Russia

Zhang Hanhui also noted that China supports BRICS in building "a more just and sound international order"

Russian stocks close in the red on Tuesday

Freedom Finance Global projects the MOEX Index at 2,750-2,850 points on Wednesday, while the yuan at the 13.4-13.9 rubles range

Russia expects US to notice nuclear doctrine revisions — diplomat

Russian Deputy Foreign Minister Sergey Ryabkov noted that "classical nuclear deterrence has been faltering"

Nearly 40 countries to take part in BRICS Plus/Outreach format in Kazan — Kremlin

The BRICS leaders will exchange views on topical issues on the global and regional agenda, discuss the three main areas of cooperation outlined by the Russian chairmanship

UK journalist Phillips granted temporary asylum in Russia

He was blacklisted by the UK over the situation in Ukraine

Russia-China relations serve as model for others in modern world, Putin says

The Russian president emphasized that the "multifaceted cooperation is equal, mutually beneficial, and free from any external conditions"

Moscow, Beijing discuss prospects of further visa liberalization — Russian MFA

"An agreement was reached to hold the next round of consular consultations in Moscow in 2025," the Russian Foreign Ministry said

Brazil's president remains under medical supervision after head injury

The president "is able to perform his usual work", according to the hospital in charge of his treatment

Moscow believes Tbilisi's statements that West incited Georgia to war with Russia — Lavrov

The Georgian authorities have repeatedly stated that there were attempts and the desire of certain forces to drag the country into a military confrontation with Russia

Ukraine abandons positions in eastern Kurakhovo — security services

Accordin to the report, the Ukrainian armed forces suffered losses on this frontline section

China’s drills off Taiwan could be reaction to passage of US, Canadian warships — report

In April 2023, China’s People’s Liberation Army staged similar live-fire exercises near the Pingtan Island following a meeting between Tsai Ing-wen, who then headed Taiwan’s administration, and then-US House Speaker Kevin McCarthy in California, Su Tzu-yun said

Turkey aims to strengthen cooperation with BRICS — Erdogan

The Turkish President expressed belief that the summit in Kazan would significantly contribute to this effort

Range of Russian EMP weapons increased to 10 km — sources

Фn electromagnetic pulse lasts a fraction of a second and reaches the target almost immediately, travelling with the speed of light

Israeli attacks on Lebanon kill 63 civilians, injure 234 over day — Health Ministry

In addition, the ministry has also updated the civilian casualties of Israeli airstrikes and artillery shelling since the beginning of the military escalation in October 2023

Body of Hezbollah leader’s potential successor found under rubble in Beirut — TV

Along with Safiddin, rescuers discovered the bodies of 22 Hezbollah members who met with him

Russian army repels counterattacks in Kamenskoye, politician says

Earlier, Vladimir Rogov noted that Russian troops had successfully entrenched themselves in Kamenskoye and repulsed several enemy counterattacks

Putin says Brazil's leader to join BRICS summit by video link

The Russian president mentioned some details of his conversation with Lula at a meeting with Chinese President Xi Jinping on the sidelines of the BRICS summit in Kazan

Indian MFA says Modi to meet with Xi Jinping in Russia on October 23

The 16th BRICS Summit, which is the key event of Russia’s current presidency in the group, is being held in Kazan from October 22-24

Medvedev rules out peace talks with Kiev until enemy 'completely defeated'

The politician also hinted at those behind the attack on the Kursk Region, making unflattering comments about a former British prime minister

BRICS became important platform for discussion of global agenda, India’s Modi says

Prime Minister noted that India values its close cooperation within the BRICS

Seoul says it may change its mind, start sending lethal weapons to Kiev

South Korea will be taking take step-by-step measures while monitoring the situation with military cooperation between Russia and the North, including monitoring Russian assistance in military technology and the sending of North Korean soldiers to Russia, the agency's source said

Hezbollah claims responsibility for attack on Netanyahu's home

Earlier, Benjamin Netanyahu accused "agents of Iran" of trying to kill him along with his wife during a drone attack near the city of Caesarea on October 19

Only Orban, Fico, and Vucic are not afraid to discuss peace in Ukraine — Serbian President

Aleksandar Vucic is currently visiting Komarno in southern Slovakia, where he is engaged in discussions with Fico and Orban about combating illegal immigration

Putin thanks Modi for coming to Kazan, praises frequent contacts

"I remember with warmth your visit to Moscow in July and the fruitful negotiations with you," the Russian leader recalled

BRICS member states now discuss partner status of 13 countries — Kremlin aide

According to Yury Ushakov, the issue of obtaining the status of a partner country is "a subject of consultations between delegations"

Russia committed to joint efforts in environmental protection — Lavrov

"We support mutually respectful cooperation to achieve a reasonable balance between environmental protection efforts and the socio-economic development of the nation," the Russian foreign minister added

Admiral Kuznetsov’s experience in Syria to help build new aircraft carrier

The chairman of the State Duma’s defense committee Vladimir Shamanov describes The Admiral Kuznetsov’s participation in the operation in Syria as "another step forward" in developing Russian Navy

Serbia views BRICS membership as alternative to EU — deputy PM

The future lies in the values of entire humankind, Serbian Deputy Prime Minister said

There is no talk of admitting new full BRICS members this year — diplomat

Sergey Ryabkov recalled that since January 1, 2024, the BRICS association had almost doubled in size, and the adjustment period for those who had just joined had not yet been fully completed

Medvedev doubts that Trump threatened Putin with striking Moscow

"In general, our relationship with him is quite warm," the politician said

Putin-Xi talks very frank, constructive — Kremlin spokesman

Dmitry Peskov specified that Vladimir Putin and Xi Jinping also discussed "issues of bilateral relations as a follow-up to the issues touched upon during Putin's recent visit to China"

UN recognizes BRICS’ importance as it represents half of world’s population

According to Deputy Spokesperson for the UN Secretary-General Farhan Haq, this is "a standard practice" with the UN chief to attend summits of such large organizations

Strikes on reserves, Ukrainian losses: situation in Kursk Region

Aviation, artillery and missile forces continued to hit Ukrainian accumulations of manpower and equipment in the Kursk Region, the Defense Ministry reported

German ambassador to Moscow rejects accusations of 2+4 Treaty violation

Earlier on Tuesday, Alexander Lambsdorff was summoned to the Russian foreign ministry over the opening of the CTF Baltic in Rostock

Maduro says BRICS needs "oil muscles" of Russia, Venezuela

"I have always thought about the way of our possible integration within a major economic project of development, cooperation, of OPEC member states and others as countries possessing the world’s largest oil reserves," the President of the South American country said

Japan, US launch joint military exercise

The biennial exercise will focus on air and missile defense and run until November 1

Some $20.8 bln worth of private investment injected into Russian Arctic over past years

The Arctic accounts for more than one quarter of the country’s whole territory, with around 2.5 mln people living there, Prime Minister Mikhail Mishustin noted

US Secretary Treasury confident about dollar status as world reserve currency

US Secretary of the Treasury Janet Yellen said that status of the dollar is really in "strong macroeconomic performance, low inflation institutions, strong capital markets"

BRICS considering 15 countries as its potential partners — BRICS aide

"It would be illogical to admit so many countries at once, because it would no longer be am association but rather an amorphous structure, which would be unable to work," he said in an interview with Russian TV Channel One

Nearly 4,000 people cross into Syria from Lebanon in past day — Russian military

Oleg Ignasyuk, deputy chief of the Russian Center for Reconciliation of the Opposing Parties in Syria, also said that the center conducted two humanitarian operations in the settlements of Kezelja and Derutan

US to expand sanctions lists on Russia next week — US Secretary of the Treasury

Janet Yellen added that the sanctions will also target "intermediaries in third countries that are supplying Russia with critical inputs for its military"