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Severstal posts 22% drop in IFRS net profit, 9% decrease in EBITDA for 2024

The company said that EBITDA margin amounted to 29% compared with 36% in the previous year

MOSCOW, February 3. /TASS/. Net profit of Severstal under International Financial Reporting Standards (IFRS) fell by 22% in 2024 compared with the previous year to 149.55 bln rubles ($1.49 bln), while EBITDA decreased by 9% to 237.88 bln rubles ($2.38 bln), the company reported.

Revenue rose by 14% in the reporting period to 829.78 bln rubles ($8.3 bln). Free cash flow lost 19% to 96.77 bln rubles ($968 mln). EBITDA margin amounted to 29% compared with 36% in the previous year.

Severstal is a vertically integrated steel and mining company and one of Russia’s largest steel producers. The Cherepovets Steel Mill is the company’s key asset. Its production capacity roughly totals 12 mln tons of steel per year.

'Thanks' West: gold toilet seized from Mindich speaks to Kiev corruption — Dmitriev

"Atlanta and Kansas City-marked dollars also say 'thank you' to the war financiers," the head of the Russian Direct Investment Fund added

Kazakhstan, Russia to sign declaration on comprehensive strategic partnership — Tokayev

According to the Kazakh leader, the document will open a new era in bilateral relations, confirming an unprecedented level of mutual trust and joint readiness for closer work in all areas

Russia's ownership of Kuril Islands not up for debate — Kremlin

Dmitry Peskov said that the Kremlin follows the media reports

Mellon Blue diamond sells for $25.6 mln in Geneva

According to the Christie’s auction house, due to its rich coloration, the Mellon Blue belongs to the rare category of vivid fancy diamonds, which accounts for less than 1% of all rare blue diamonds

Russian, Chinese, Iranian envoys meet with IAEA chief — Russian diplomat

The regular session of the IAEA Board of Governors will be held in Vienna on November 17 through 21

Militarily 'weak' London turns to divide and conquer tactics — Lavrov

The top Russian diplomat pointed out that the imperial ambitions of the UK can be characterized in different ways

Oreshnik missile system to be moved around Belarus — Lukashenko

The Belarusian leader pointed out that the US still alleges that it does not have accurate information about the presence or absence of Russian tactical nuclear weapons in Belarus

Brent prices hit 65$/bbl on ICE — market data

Brent futures surged by 1.51% to $65.03 a barrel

Non-oil and gas revenues of Russian budget up 13.2% in January–October 2025

The Finance Ministry informed that an increase in receipts of turnover-based revenues, including VAT, amounted to 5.8% year on year in January–October, which is consistent with internal demand and inflation cooldown trends

Impossible for one pilot to land MiG-31 jet alone in case of hijacking — expert

Andrey Gribov said it would lead to a catastrophe

Ukraine's human rights record precludes it from entering EU — Lavrov

Russian Foreign Minister stressed that nothing was done by Kiev to satisfy the rights of national minorities or to restore them

At least 12 people killed, 27 injured in explosion outside court in Islamabad — media

Mohsin Raza Naqvi, Pakistan’s Interior Minister, arrived at the scene and said that a suicide bomber detonated an explosive device near a police vehicle after being unable to enter the courthouse

Baltic states try to force Russia into act that would precipitate NATO war — Lavrov

Commenting on Lithuania’s proposals to limit transit to Kaliningrad, the Russian foreign minister said the European Union is every bit as responsible as Lithuania here

Turkish military transport airplane crashed in Georgia

Causes of the accident and the number of people on board of the aircraft were not reported

Ukrainian drone operators behind attack on civilians wiped out near Kupyansk — DPR adviser

A major enemy drone control center near Kupyansk was destroyed by Russian Aerospace Forces

Professor Jeffrey Sachs is right: Ukraine risks losing Odessa, says Duma member

According to Alexey Chepa, First Deputy Chairman of the State Duma Committee on International Affairs, Ukraine is losing ground every day

Venezuelan parliament thanks Russia for support in difficult time

Speaker Jorge Rodriguez stressed that "true friends are known in difficult, challenging times, and Russia is a true and loyal friend of Venezuela."

Russia has not invaded Ukraine and will not invade any other country — Lavrov

According to the Russian top diplomat, evidence indicate that Ukraine planned to attack the Donetsk and Lugansk People’s Republics already this month

Press review: Syrian interim president visits US and Denmark pumps $6 bln into Arctic arms

Top stories from the Russian press on Monday, November 10th

Putin and Tokayev will hold official talks in Kremlin

According to Dmitry Peskov, the Russian leader's spokesman, they plan to discuss economic, political, cultural, and humanitarian cooperation and key regional and global issues

Ronaldo says 2026 FIFA World Cup to be last of his career

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

Ka-52M helicopter crews thwart Ukrainian troop rotation in Russia’s Kursk Region

The ministry also released footage of the attack

Hainan Free Trade Port should become China's gateway to world – president

According to Xi Jinping, it is necessary to steadily expand institutional openness

Syria still wants to prosecute ex-president Assad, interim leader says

Ahmed al-Sharaa noted that a justice commission was established so that everyone could be held accountable for what they did, including Bashar Assad

FSB thwarts Kiev's operation to hijack MiG-31 jet for provocation against NATO base

According to the Russian security service, the Ukrainian military intelligence officers tried to recruit Russian pilots, offering $3 million

Venezuela thanks Russia for condemning US threats — top diplomat

Earlier in the day, the Russian State Duma passed a draft appeal to parliaments of UN member countries and the global community over the escalation of tension in the Caribbean near Venezuela

Lavrov accuses London, British media of smear campaign against Russia

The Russian foreign minister called the media's coverage of certain events harmful

US to build $500 million military base on Israel-Gaza border — media

According to the report, the base will be designed for use by the international stabilization forces that will operate in Gaza, maintaining a ceasefire

IN BRIEF: What we know about chopper crash in Dagestan

The Ka-226 chopper, belonging to JSC Kizlyar Electromechanical Plant, crashed near the Achi-Su settlement of the Karabudakhkent district

IN BRIEF: What we know about overnight drone strikes on Russian territory

Civilian infrastructure facilities were damaged in a drone attack on the Saratov Region, Governor Roman Busargin said

Dikson port to be base station of Trans-Arctic Corridor — Kremlin aide

It requires to be upgraded, Nikolay Patrushev said

Press review: Russia boosts India ties while political disputes hit green transition

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

US should focus its anti-drug efforts on Belgium, not Venezuela — Lavrov

This line, which the administration of US President Donald Trump has now chosen in relation to Venezuela, will not lead to anything good, the Russian foreign minister said

IN BRIEF: Nuclear tests, New START Treaty extension, British media lies — what Lavrov said

Russia is ready to discuss with the United States the resumption of preparations for a meeting between Vladimir Putin and Donald Trump

Trump says US ordered batch of B-2 strategic bombers

In US President's view, these aircraft "completely obliterated Iran's nuclear capability"

Legalization of polygamy in Chechnya is out of question, says Chechen leader

It is Almighty God who permits to have four wives, Kadyrov reminded

Ukraine builds up forces at Khatneye, but morale lacking — security forces

The source said that a huge number of Ukrainian prisoners comes from this direction

Putin’s informal meeting with visiting Kazakh leader lasted for over 2.5 hours

The official part on Tokayev’s program is scheduled for November 12

Russian troops liberate Novouspenovskoye community in Zaporozhye Region over past day

Seven attacks by the 32nd mechanized brigade of the Ukrainian army from the area of the settlement of Grishino in the Donetsk People’s Republic to unblock the encircled combat group in the Krasnoarmeysk area were repelled

Twenty servicemen were on board of C-130 crashed in Georgia — Turkey’s Defense Ministry

"Search and rescue operations in the crash area continue," the ministry informed

Romania turns into key hub for arms deliveries to Ukraine — military expert

Andrey Marochko emphasized the strategic importance of the Romanian territory for NATO, pointing to the presence of large military bases and airfields of the alliance on the territory of Romania

US considers building base for 10,000 troops near Gaza — media

An unnamed US administration official told Bloomberg that the military’s request represents an initial step toward planning the establishment of a base for international stabilization forces

Chinese laboratory works on pills to defy ageing — NYT

Lonvi Biosciences is engaged in developing a drug that is based on the natural compound procyanidin C1 (PCC1), which is contained in grape seed extract, according to the report

Buffer zone around ZNPP to contribute to its safety — Russian diplomat

On November 8, the ZNPP reported that external power supply to the ZNPP via two high-voltage lines, Ferrosplavnaya-1 and Dneprovskaya, had been resumed

Putin meets visiting Kazakh leader in Kremlin

Kassym-Jomart Tokayev and Vladimir Putin are expected to discuss pressing issues of further development of Russian-Kazakh relations

Russia’s KVN drones destroy over 330 armored vehicles from April to November

According to the developer, two key features make the Knyaz Vandal of Novgorod drone especially effective

Outbreak of gas gangrene recorded among Ukrainian troops — newspaper

According to The Telegraph, a surge in the cases of this infectious disease where gas bubbles form beneath the skin and muscle tissues rapidly deteriorate has been triggered by the difficult situation on the frontline and delayed evacuation

Removal of tariffs to cost US over $3 trillion — Trump

The US President said that it would be devastating to the future of the country

West acts out of desperation by trying to steal Kinzhal technology — expert

According to Andrey Marochko, it would take billions of dollars and decades of work for Western countries to develop similar technologies

EU, Council of Europe lack resources to create 'tribunal against Russia' — Euronews

The Council of Europe has estimated that the project would require about €75 million per year, not including rental and security costs, the TV channel reported

Lavrov baffled at Britain's lack of shame over MiG-31 hijacking plot

The Russian foreign minister said that he does not know how the British will wash themselves clean of it

Russian security official advocates for boosting defense cooperation with Egypt

Sergey Shoigu said that Russian-made weapons and vehicles supplied to Egypt have become a major element of strengthening the comprehensive system of its defense

Kremlin says no explanation yet from US on Trump’s statement about nuclear testing

Earlier, US President Donald Trump said he had instructed the Pentagon to resume nuclear weapons testing immediately, citing the fact that other countries were already doing so

Oil and gas revenues of Russian budget down 21.4% in 10M 2025 — ministry

"Oil and gas revenues received in January - October of this year are at the level above their base size but risks of their decline exist in consequence of weakening prices," the ministry noted

Disgraced former Istanbul mayor Ekrem Imamoglu faces potential 2,000-year prison sentence

According to the report, at the time the crime was committed, the damage caused to state property over a 10-year period is estimated at 160 billion liras

Russian football club Spartak Moscow parts ways with head coach Stankovic

Serbian specialist Dejan Stankovic, 47, has been with Spartak Moscow FC as the head coach since the summer of 2024

Russian pilot promised citizenship of Western country for hijacking MiG-31 jet — FSB

The Russian officer was also offered $1 million

Draft appeal on escalation near Venezuela borders submitted to State Duma — Russian MP

The Committee has proposed that the Council of the State Duma add the draft appeal to the agenda of the November 11 plenary session, Leonid Slutsky said

US in dialogue with South Korea, Japan on possible deployment of nuclear weapons — Lavrov

The Russian foreign minister noted that Moscow was alarmed when it heard statements that the US would resume nuclear tests out of geopolitical necessity

Federal budget deficit totaled $51.9 bln in 10M 2025 — Finance Ministry

The federal budget deficit is expected at the level of 2.6% of the GDP in 2025 on the whole, while the structural primary balance – as totaling 1.3% of the GDP

Baltic countries mere pawns in British game against Russia — Lavrov

"The few in Europe who still have a shred of common sense and indeed care about the continent’s security, and there are fewer and fewer of those, they understand perfectly well which provocative role was given to these Baltic countries, spearheaded by the British," the minister said

West may split into two — Polish PM Tusk

Donald Tusk admitted that for the unity of Europe, a "common, clearly defined enemy" was needed

Tough measures needed to snuff out Kiev’s attacks on ZNPP — Russian diplomat

Rodion Miroshnik recalled that Ukrainian drones had attacked four Russian nuclear plants in recent months

Kazakh leader arrives in Kremlin for meeting with Putin

According to Russian Presidential Spokesman Dmitry Peskov, the official program of Kassym-Jomart Tokayev's state visit will begin on Wednesday and today the leaders will speak informally, including during an unofficial dinner

Foreign intelligence promised Russian MiG-31 pilot pile of cash, life of luxury

A Ukrainian pilot was also involved in the recruitment on the part of Ukrainian intelligence

Russia imposes entry ban on 30 Japanese citizens as response measure — foreign ministry

The list includes journalists and professors of Japanese universities

Bank of Russia set dollar rate at 81.36 rubles for November 12

The official euro rate was increased by 27 kopecks to 94.1954 rubles

EU stonewalls Russia's requests to consult on drone incidents — Foreign Ministry

Deputy Foreign Minister Dmitry Lyubinsky said that these incidents are well-planned provocations

'Thanks' West: gold toilet seized from Mindich speaks to Kiev corruption — Dmitriev

"Atlanta and Kansas City-marked dollars also say 'thank you' to the war financiers," the head of the Russian Direct Investment Fund added

Ukraine approves list of countries eligible for fast-tracked citizenship

According to a resolution adopted by the Cabinet of Ministers, citizens of Germany, Canada, Poland, the United States, and the Czech Republic are eligible for a simplified path toward Ukrainian citizenship

Russian owners have notified US of readiness to transfer control of NIS — Serbian minister

Dubravka Djedovic-Handanovic said that the Serbian government has officially supported this request

US aircraft carrier Gerald R. Ford arrives in Latin America — Pentagon

The department specified that the ships will be used to carry out US President Donald Trump's instructions to "dismantle Transnational Criminal Organizations and counter narco-terrorism"

Thwarted MiG-31 jet hijacking operation planned over Black Sea waters — pilot

The serviceman said he was contacted online

Kremlin clarifies why Russian jets escorted Kazakh president's plane

"It is just an honor guard, something associated with state visits," Dmitry Peskov said

Foreign ministry, other authorities to consider enrichment of friendship treaty with China

The treaty was renewed for five years in June 2021

Opposition politician charged with justifying UAV attacks on Moscow, Crimean bridge blast

During the hearing, the defense entered a plea of not guilty on behalf of the defendant

Belgrade protesters seek to protect former General Staff building from demolition

The protesters are demanding the repeal of the so-called lex specialis, that the government’s November 14, 2024 decision be declared illegal, and that the building be restored to its status as a cultural heritage site

Russian expert links MiG-31 hijacking attempt to UK’s supersonic lag

Alexander Stepanov also noted that many military experts acknowledge the fact of a serious, and presumably insurmountable, deficit in the British military-industrial complex in the domain of hypersonic missiles

Budapest to be preferable location of Russia-US summit — Lavrov

Earlier, US President Donald Trump also said that he would like to keep Budapest as the site of a potential meeting with Russian President Vladimir Putin

Trump no longer sees a threat of Ukraine conflict leading to WWIII

The US leader again claimed to have solved several conflicts, without specifying exactly which

UK’s Bellingcat involved in Kiev's operation to hijack Russian MiG-31 jet — FSB

According to the Russian security service, this proves that the Ukrainian Defense Ministry’s Main Intelligence Directorate lacks originality in its plots

Washington simply needs to agree to extend New START Treaty for year — Lavrov

No consultations are necessary for the US to support Russia's approach, the foreign minister stressed

Rostec creates new anti-drone system to protect bridges from UAV attacks

The module can interfere with the drone’s programmed route and stop it from completing its mission, the press service reported

Russia-US summit in Budapest still on agenda — Hungarian PM

Viktor Orban recalled that the Putin-Trump meeting was postponed, not cancelled

Trump says observed Russia’s commemorative events on Victory Day

The US president said that for this and other reasons, in May of this year, he declared November 11 and May 8 as victory days for the first and second world wars, respectively

Ukrainian forces shell DPR once in 24 hours, two civilians injured

It was noted that Ukrainian forces struck in the Gorlovka direction

Russia, Kazakhstan to outline plans for future during Tokayev’s visit — Putin

The Russian leader thanked Kassym-Jomart Tokayev for finding time to come to Russia

Moscow court rules for Uralkali Trading in claim against Yara

The majority of other counterparts of the company have completely settled their debts for the delivery of fertilizers, Uralkali Trading said

'Azov' squad flees positions, abandoning wounded soldiers — security forces

According to the source, this situation shows that the brigade has been dubbed the "running team"

Putin sees Kazakh leader off after their informal meeting at Kremlin

The two leaders exchanged a firm handshake and embraced in farewell

Kazakhstan, Russia have no major issues — Kazakh leader at meeting with Putin

Kassym-Jomart Tokayev noted that bilateral cooperation is characterized by strategic partnership and allied relations

Ex-French President Sarkozy returns home from prison

The car carrying the former president drove past reporters flocking

West sees Kupyansk falling into Russia's hands — expert

Kupyansk is of great importance to the Ukrainian authorities, Andrey Marochko noted

Russia calls on Hague to pay attention to Kiev's attempts to push NATO against Moscow

The Kiev regime has made another attempt at provocation - it tried to hijack a Russian MiG-31 fighter jet, the Russian embassy in the Netherlands said

Russian Aerospace Forces strike Ukrainian radio-electronic intelligence center, airfield

As reported earlier, the Russian Federal Security Service disrupted the operation of Ukrainian and British intelligence to hijack a Russian MiG-31 jet armed with a hypersonic Kinzhal missile for its further use in a provocation against NATO’s largest airbase in Romania

Ukrainian attacks kill 8 civilians, injure 45 in past week — Russian official

According to Rodion Miroshnik, the majority of casualties were reported in the Belgorod, Zaporozhye and Kherson regions, and the Donetsk People’s Republic

Attempts to inflict strategic defeat on Russia are counterproductive — envoy to Germany

Sergey Nechayev stressed that Russia "has not violated or destroyed any agreements"

Europe cannot justify its lawlessness with Russia's actions in Ukraine — Lavrov

The Russian foreign minister also noted that if the European Union continues to try to blame Russia for everything, it should understand that Russia "has something to reassure its European colleagues with"

Putin’s Munich Speech 15 years later: What prophecies have come true?

Fifteen years ago today, Russian President Vladimir Putin addressed the Munich Security Conference with a speech that was instantly interpreted as the harshest-ever manifesto since the Cold War era

Kremlin knows nothing about Hungary’s ideas on Ukrainian settlement

Dmitry Peskov added that Moscow had no opportunity to examine these initiatives so far

Russia ready to resume Istanbul talks with Ukraine at any moment — charge d’affaires

Alexey Ivanov noted that the Russian side had conveyed a number of proposals during previous rounds of negotiations