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Global Islamic banking market may grow to $6 trillion by 2026

Russian Deputy Minister of Economic Development Dmitry Volvach added that such growth rates are impressive and Islamic banking acquires special significance "as a variant of the partnering model"

MINERALNYE VODY, May 27. /TASS/. The volume of the global Islamic banking market may grow to $6 trillion by 2026, Russian Deputy Minister of Economic Development Dmitry Volvach said at the Caucasus Investment Forum.

"In 2021, the world market of Islamic partner financing was over $4 trillion. This is a huge financial resource. Specialists forecast its growth to almost [$] 6 trillion in 2026," the official said.

Such growth rates are impressive and Islamic banking acquires special significance "as a variant of the partnering model," Volvach added.

Taiwan to invest $250 bln into chip production, energy and AI in the US

According to terms of the agreement, Taiwan will also extend credit guarantees totaling $250 bln for projects of its companies on investments in the United States

Russia cuts oil and gas revenues by 24% in 2025 to $108.05 bln

In 2024, the figure stood at $141.80 bln

Getting guilty verdict in Maduro case not to be easy for US Attorney's office — newspaper

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US to temporarily store Venezuelan oil in Curacao — TV

Two of the world’s largest commodity traders, Trafigura and Vitol, are involved in moving Venezuelan oil to Caribbean countries for further resale

International Gas Union expects gas generation doubling for datacenters

This will account for 6-8% of the forecast global electric power demand by 2040

Houthis monitor Israel’s activities in Somaliland, ready to attack its sites — leader

The rebels are convinced that Israel has been trying to gain a foothold in Somaliland to control the Gulf of Aden and the Bab el-Mandeb Strait

More than 20 countries show interest in BRICS — Kremlin aide

Yury Ushakov noted that uncontrolled expansion of the association would break its backbone

Silence from global community may make kidnapping presidents common practice — analyst

Karin Kneissl warned that the world risks sliding back into a pre-modern era

American IT giant makes Ukraine free testing ground for drones — expert

Roman Shkurlatov added that the Americans make the Ukrainian military buy their finished products without sharing their technologies with the Ukrainians

UN experts call Israel's actions in Gaza after truce ‘genocide without witness’

"We have entered a new phase in which Israel and its supporters have reached the genocide without witness stage," said the document, signed by more than 20 UN experts

Attempt to 'kidnap' Putin fraught with disastrous outcome for initiator — Foreign Ministry

Maria Zakharova referred to a comment by Defense Secretary John Healy during his January 9 visit to Kiev, where he said that he would like to kidnap Putin to "bring the Russian president to justice"

Press review: Russia to respond to EU army plans while Ukraine's ex-PM charged for bribery

Top stories from the Russian press on Thursday, January 15th

Hungary expects MOL will buy stake in NIS soon — Szijjarto

As soon as the agreement is reached, the parties will notify the US OFAC for an authorization to make the deal, the Hungarian foreign minister said

Denmark may consider leaving NATO due to Greenland situation — Kneissl

Karin Kneissl noted that it is not yet possible to say exactly what form the confrontation between the USA and Denmark will take, but "in a certain sense, the situation is archaic"

Russian auto market descends to fifth position in Europe in 2025

The Russian auto market held the fourth place in Europe in 2024

Medvedev advises Trump to 'take' Greenland before it choses to join Russia

In his opinion, if Greenland were captured, Donald Trump would have a new position — acting president of Greenland

Taiwan to invest $250 bln into chip production, energy and AI in the US

According to terms of the agreement, Taiwan will also extend credit guarantees totaling $250 bln for projects of its companies on investments in the United States

Russia says Council of Europe's attempts to 'punish' it doomed to failure

"The Council of Europe unconditionally supports the criminal Kiev regime and stands in solidarity with it," Maria Zakharova added

German court believes Nord Stream explosions were ordered by Ukraine — media

Germany's Federal Court of Justice ruled that Sergey K. should remain in custody

US warns Iran of ‘grave consequences’ for executing protesters — White House

The president and his team are closely monitoring this situation and all options remain on the table for the president

Situation involving Maduro shows there is no democracy for US on world stage — Russian MFA

Maria Zakharova emphasized that this development poses a threat to all who uphold democracy as the ideal system

EU to support Greenland but security issues rest with NATO — official

"We will continue our work on Arctic security with our allies and our partners, including the United States," European Commission President Ursula von der Leyen added

Sollers launches sales of Sollers SA6 bus in Russia starting from $161,800

The bus is designed for tourist, intercity, and corporate transportation

EU preparing for possible direct confrontation with Trump — newspaper

European governments now understand the seriousness of Trump's threats and are "desperately looking for a plan to stop him"

Russia may respond to Finland's withdrawal from Anti-Personnel Mine Ban Convention — MFA

Maria Zakharova pointed out that Finland’s move to denounce the Ottawa Convention, which prohibits the use, production, and stockpiling of anti-personnel mines, officially took effect on January 10

China urges US to abandon idea of attacking Iran — deputy envoy to UN

Sun Lei emphasized the need for a team effort of all parties to maintain international peace and security

Moscow seeks durable peace in Ukraine, one that ensures everyone's security — Putin

"Not everyone is ready for that, especially in Kiev and the capitals that support it," the Russian leader said

Saudi Arabia, Qatar, Oman appeal to Trump not to strike Iran — AFP

According to the report, the three states warned Washington of "grave blowbacks in the region" in case of escalation

Riyadh assures Iran it will not permit its territory to be used for strikes — media

Reuters previously reported, citing European officials, that a US military operation against Iran appears likely and could begin within the next 24 hours

Global population has become more violent in recent years — Kneissl

Commenting on the current protest activity in Iran, Karin Kneissl refrained from making predictions about further events

Putin calls Russia and Brazil like-minded people in creating just world order

The Russian president noted that cooperation between the two countries "is steadily developing and is being filled with new mutually beneficial projects in various fields"

Proposal to duel with West response to claims of Oreshnik missile vulnerability — Kremlin

Kremlin Spokesman Dmitry Peskov noted that Russian President Vladimir Putin thus meant that the Oreshnik missile is a generation ahead of all existing weapons, while not being a nuclear weapon itself

Rossiya airlines increases passenger traffic by 4.4% to 12 mln in 2025

The seat load factor reached 89.2%, up 0.2 percentage points year on year

US will not be able to repeat Venezuelan scenario in Iran — Chinese expert

Jin Liangxiang noted that Iran’s retaliatory actions during last year’s 12-day conflict with Israel have made Washington and Tel Aviv more cautious about Iran’s missile capabilities

Diplomat sees US decision to quit 66 global bodes as refusal to team up to solve problems

Gennady Gatilov said that "this step can hardly be viewed as something other than a yet another proof of Washington’s purely selective approach to UN activities"

Finance Ministry to sell foreign currency, gold worth $2.45 bln on January 16-February 5

The daily volume of foreign currency and gold sales will amount to the equivalent of $163.1 mln

IN BRIEF: Threats to 'abduct' Putin,' Greenland: statements by Russian Foreign Ministry

Maria Zakharova said all issues around Greenland should be resolved within the framework of international law

South Ossetian opposition leader demands response to ultimatum

“I put my demands. Now I want to her the response,” Alla Dzhioyeva told

FACTBOX: What is known about US Golden Dome missile defense system

US President Donald Trump stated that Greenland is of strategic importance for building the Golden Dome missile defense system

Russia determined to strengthen cooperation with Middle East and North Africa — Putin

Egypt plays a key role in this region, and relations with it are based on an agreement on comprehensive strategic cooperation, the Russian leader noted

Russian troops strike Ukrainian army’s energy, transport infrastructure over past day

Russia’s Battlegroup Center inflicted more than 400 casualties on Ukrainian troops and destroyed an enemy tank and three armored combat vehicles in its area of responsibility over the past day, the Defense Ministry reported

WhatsApp to be completely blocked in Russia this year — lawmaker

Andrey Svintsov said this is because WhatsApp is owned by Meta, recognized as the extremist company in Russia

INTERVIEW: Russia has no claims for Greenland — ambassador

Vladimir Barbin recalled Danish Foreign Minister Lars Lokke Rasmussen’s remarks during a conference in Washington on January 14

Chinese diplomat names Middle East as most unstable region in global security framework

China shares the serious concerns, which many countries in the region have about the possibility of a military confrontation, said Sun Lei

Trump makes it clear that Zelensky undermines Ukrainian settlement — Dmitriev

The US president earlier said that the settlement of the Ukrainian conflict is being delayed because of Kiev's position

Threat of Butyagin's extradition to Ukraine high — Russia’s charge d'affaires

"The defense focuses precisely on this, that for Alexander, for his health, for his life, there is a real and great threat in the event of his extradition to Ukraine," Andrey Ordash said

Putin backs Cuba's right to defend sovereignty

The Russian-Cuban alliance, in the president’s words, "has stood the test of time as it is based on the two countries’ people’s sincere mutual sympathy"

Andreeva vs. Shnaider: All-Russia semifinals at 2026 WTA Adelaide International

In the other semifinals match in Adelaide, Australia’s own Kimberly Birrel will square off versus 8th-seeded Victoria Mboko of Canada

Latvia increases grain exports from Russia by around 40% in Q1

In monetary terms, imports declined - the price of imported grain reached 27 mln euro, which is 6.2% lower than the same period last year

Russia’s UN envoy urges West to focus on guarantees of non-confrontation around Iran

Vasily Nebenzya added that Russia was "ready to provide all possible support" to such an effort

Trump describes Florida Panthers goalkeeper Bobrovsky as ‘legendary'

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Veronica vessel became sixth tanker captured by US

According to Marinetraffic data, the vessel was under the flag of Guyana

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Washington also took into account the changing security situation in Iran and the government’s gradual progress towards retaking control of the country

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Pal Johnson called the statement that Greenland is flooded with Russian and Chinese vessels an exaggeration

Karin Kneissl: Greenland Could Become the 51st US State

Vance's participation in Greenland talks alarms Europe — newspaper

Politico said Copenhagen and the Greenland authorities had initially hoped for calm consultations with US Secretary of State Marco Rubio

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Russia has always been committed to such diplomatic approaches, the Russian leader said

EU pays minimum amount for Russian gas in five years in November 2025

In the reported period, the EU imported Russian gas for a total of 752.5 mln euros

Russia urges UN secretariat to abandon double standards and bias — Permanent Mission

Dmitry Chumakov, Russia’s Deputy Permanent Representative to the United Nations noted "a rapid loss of impartiality in the work of the United Nations" and called for combating the arbitrariness of large donors imposing mandates that do not enjoy consensus

Russia expels British diplomat over ties to intelligence services — Foreign Ministry

The ministry said that Britain’s charge d’affaires in Moscow Danae Dholakia was informed on Thursday that Russia’s competent authorities had obtained the relevant information

Ex-top Austrian diplomat reveals what BRICS needs to do to counter US policies

"BRICS has no mechanisms," Karin Kneissl noted

Israeli PM asks Trump to postpone attack on Iran — newspaper

According to The New York Times, Netanyahu spoke to the US leader on January 14

Russian budget may fall short of $2.96 bln in additional oil and gas revenues in January

In December 2025, the Russian budget fell short of 137.6 bln rubles in additional oil and gas revenues

Kiev suffers through third day of blackouts

Ukrainian Prime Minister Yulia Sviridenko promised that power would be returned to Kiev's residents by the evening of January 15

Putin champions international cooperation amid deteriorating global situation

"It is countries’ ability to maintain constructive relations that global stability and security depend on in today’s diverse and interconnected world," the Russian president noted

Russia, China need to address issues related to payment difficulties for tourists

Maria Zakharova noted that Chinese tourists have no reason to be concerned about the operation of mobile communications, the availability of payment options, or the arrangement of accommodations in Russia

Europe needs to acquire weapons similar to Russian 'Oreshnik' — French president

Emmanuel Macron acknowledged that France is within the range of the 'Oreshnik'

Russia’s 5th-generation fighter jet gets advanced stealth coating

The Su-57 is a fifth-generation multirole fighter designed to destroy all types of air targets at long and short ranges and hit enemy ground and naval targets, overcoming its air defense capabilities

US should account for nuclear potential of entire West, not only China’s — Kremlin

Dmitry Peskov reiterated that Russia respects the position of China, which does not see the need for its inclusion in the treaty

Merz calls Russia 'European country,' hopes to achieve balance in relations

The Chancellor said his comment was not because he was in the east of Germany

Kiev regime ready to surrender Artyomovsk — Akhmat unit commander

According to Apty Alaudinov, right now, the hottest spot on this front is Bakhmut where Russian units are doing very well

First European servicemen arrive in Greenland — newspaper

According to Bild, a Danish military transport plane landed last night at the airport in Nuuk, the capital of Greenland

Russia develops short-term forecast model for fuel consumption

The short-term forecast volume of engine fuel consumption volumes will cater for nonlinear consumption factor, seasonality and various external factors

IN BRIEF: Russian forces expand buffer zones, disrupting enemy plans, senior general says

Russian forces liberated around eight localities and took more than 300 square km of land under control in the first two weeks of January

Russia maintains its stance of building equal relations with all countries — Putin

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EU shows total unwillingness to pursue Ukraine agreement — MFA

Maria Zakharova's comments followed remarks by European Commission President Ursula von der Leyen, who said Russia must "show interest" in ending the war in Ukraine

Russian envoy dismisses idea of OSCE sending mission to monitor Ukraine ceasefire

"The Russian delegation is unaware of the OSCE having such plans," Dmitry Polyansky said

Unacceptable to use blackmail, threats when talking to Cuba — Russian MFA

Moscow is concerned about escalating tensions around Cuba, Maria Zakharova said

Russia to consider invitation to OSCE conference on cybersecurity — envoy

Russia advocates dialogue in any format, Permanent Representative to the OSCE Dmitry Polyansky said

Venezuela to gain access to $4.9 bln in IMF assets after restoration of contacts — fund

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Golden Dome is US attempt to counter Russian hypersonic weapons — expert

Alexander Stepanov added that to ensure strategic dominance in the Arctic, the Pentagon plans to deploy additional ground tracking stations and radar systems in Greenland

Murder of blogger Tatarsky, attempted murder of Prilepin ordered by same person

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Britain weighs response to expulsion of embassy official from Russia — Foreign Office

Earlier on Thursday, the Russian Foreign Ministry announced that Moscow was expelling a British embassy diplomat over his involvement with UK intelligence services and that he must leave the country within two weeks

Russia to view London’s moves to intercept ships as violation of maritime law — MFA

Maria Zakharova also reiterated that the claim by British Secretary of State for Defense John Healey that the Marinera was sailing under a foreign flag is unfounded

Situation around Venezuela, Iran not yet affecting oil markets — IMF

International Monetary Fund is paying close attention to what happens in global energy markets, and oil prices, Julie Kozack said

OSCE can start monitoring ceasefire in Ukraine right after its start — chairman-in-office

According to Ignazio Cassis, the OSCE’s participation in efforts to maintain a ceasefire in Ukraine would be legitimate in Moscow’s eyes

Degradation of international situation, security architecture: Putin's statements

The Russian president pointed out that Russia was "sincerely committed to the ideals of a multipolar world"

Scale of military supplies to Ukraine contradicts Western calls for peace — Russian MFA

Maria Zakharova highlighted the persistent buildup of weapons and ammunition supplies, pointing to the continuous operation of the Rzeszow airport in Poland as evidence

Bank of Russia sets official dollar rate at 78.52 rubles for January 16

The official euro rate was lowered by 38.41 kopecks to 91.8123 rubles

Press review: Ukraine attempts to stall peace talks as Trump takes control of Venezuela

Top stories from the Russian press on Monday, January 12th

Yemeni government resigns, Zindani appointed new premier

The previous cabinet will continue to perform its duties until a new one is formed

West wrong in its evaluation of Iran's resilience, German expert says

Constantin von Hoffmeister stressed that "a system that survives war with Iraq, decades of sanctions, assassinations of its scientists, cyberattacks, and constant pressure is not fragile"

US court ruling against Maduro to be illegitimate — Russian MFA

According to universally recognized norms of international law, Nicolas Maduro, as head of state, enjoys absolute immunity from the jurisdiction of the United States and any other state, aside from Venezuela, Maria Zakharova said

Russia’s Andreeva roams into semis of 2026 WTA Adelaide International

In the next round, Mirra Andreeva will play against her Russian compatriot Diana Shnaider

West, US not shy about using all means to change regime in Iran — Russian Foreign Ministry

Regime change as a phenomenon is unacceptable in the modern world, especially if countries talk about respecting the UN Charter and are members of the UN, Maria Zakharova stressed

FACTBOX: What is known about undercover British intelligence officer exposed in Moscow

Russia’s Federal Security Service stated that the British intelligence officer working undercover at the embassy is being expelled from the country

Machado gives Trump her Nobel Peace Prize, Trump takes it — Fox News

US President has repeatedly stated that he considers himself worthy of the medal

US sends air crews to Middle East amid tensions with Iran — Fox News

The redeployment is estimated to take at least one week

Potential conflict in Iran to damage China's oil imports — expert

The Middle East is China's primary energy supplier

Kiev’s terrorist methods horrify even residents of Ukraine — official

Artem Zhoga called the Ukrainian regime criminal in nature

Russia considers militarization of Europe in military planning — MFA

Maria Zakharova emphasized that, given the aggressive stance of the current Western European leadership toward Russia, Moscow "approaches such processes with the utmost seriousness"