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Bank of Russia’s Governor calls sharp key rate cut a ‘double blow’ to economy

Elvira Nabullina stressed that the key rate alone cannot make loans cheap

MOSCOW, October 30. /TASS/. A sharp reduction in the key rate would lead to a surge in inflation and then to a rise in market rates, Bank of Russia Governor Elvira Nabiullina said speaking at the State Duma, the lower house of the Russian parliament.

"If we lower the key rate when inflation is high, the effect will be the opposite, and the economy will suffer a double blow: first, inflation will rise, then rates will rise," she said.

Nabullina stressed that the key rate alone cannot make loans cheap.

"Moderate rates only appear when inflation is low," she explained.

Earlier this month, the Bank of Russia lowered its key rate from 17% to 16.5% per annum, indicating that it would maintain the tight monetary policy necessary to bring inflation back to its target.

The Bank of Russia also narrowed its forecast corridor for the average key rate through the end of 2025 to 19.2% from 18.8-19.6%. At the same time, the regulator raised its forecast for 2026 to 13-15% from 12-13%, and for 2027 and 2028 the regulator maintained at 7.5-8.5%.

Russia-Armenia trade turnover totals $4.5 bln in first nine months of 2025

The Russian president said earlier at an informal CIS summit that trade turnover between CIS member countries amounted to around $90 bln in the first 10 months of 2025

Defense Ministry stops buying Kalashnikov AK-47 submachine guns

The weapon does not meet the Ministry’s needs, General Staff Chief Gen. Nikolai Makarov said

INTERVIEW: Russia says relations with Slovenia fall to lowest level in history

Political dialogue has been frozen, diplomatic contacts have been reduced to a minimum, trade, economic, cultural and humanitarian ties are gradually deteriorating, said Yury Pilipson

Republika Srpska’s new president maintains course of friendship with Russia — MFA

Yury Pilipson recalled that "the early presidential elections in the Republika Srpska held on November 23 were the result of a campaign launched under pressure from Western countries to illegally remove Milorad Dodik, the leader of the Serbs in Bosnia and Herzegovina, from power"

Putin goes to St. Petersburg for informal CIS summit

The head of state will also have bilateral meetings with leaders of certain countries

Volvo files application to register three trademarks in Russia

Two of them are for Volvo, and the third is for Volvo Penta

US tanker with Venezuelan oil left for US — official

Vice President and Hydrocarbons Minister Delcy Rodriguez also posted a video of the tanker leaving port

European leaders tend to delay decision making, Romanian president says

Nicusor Dan stressed that EU politics was a democratic process, but "the debates are a little bit too long"

Maduro condemns attacks on tankers carrying Venezuelan oil

He noted that the Venezuelan people and all social strata of society remain steadfast in defending peace and national stability

Greece joined EU initiative to buy US weapons for Ukraine — Russian Foreign Ministry

According to Yury Pilipson, there is no doubt about involvement of ‘senior comrades’ in Greece's accession to the announced initiative

Blast that killed teenager in Moscow Region caused by mishandling of explosive object

An investigation is underway

US department confirms detention of tanker near Venezuelan coast

"The United States will continue to pursue the illicit movement of sanctioned oil," the Head of the Department of Homeland Security Kristi Noem said

India ready to step up work on trade agreement with EAEU — Putin

The first round of consultations on the text of the agreements was held a month ago, noted Russian President

Trump administration recalls heads of nearly 30 foreign diplomatic missions — news agency

According to its information, the heads of US missions abroad have been notified that their terms in their current positions will expire in January

Ukraine talks progress, territorial issues: statements by US vice president

JD Vance noted progress on the Ukraine front during the negotiations with Russian Presidential Special Envoy Kirill Dmitriev in Miami

Dmitriev goes to second day of negotiations with United States with positive attitude

Dmitriev, accompanied by security guards, got into a car and went to the meeting area

Russian citizen wins Just Dance competition at Games of Future

Ivan Vlasov previously won the Games of the Future in Kazan, making him one of the main favorites at the tournament in the UAE

Georgian president calls EU decision to allocate €90 billion to Ukraine bluff

"Ukraine has simply been sold out," Mikhail Kavelashvili said

US, Ukraine discuss sequence of next steps during consultations — Witkoff

According to the Special Representative of the US president, the parties, in particular, held "a separate constructive meeting"

Putin calls on CIS nations to stand together against attempts to rewrite history

The President drew attention to Russia’s initiative to publish a collection of unique archival material about the contribution of every Soviet Republic to the defeat of Nazism

The Wire actor dies at 36

Law enforcement officers filed a report on the death of a person, finding no signs of foul play

Putin satisfied with work of Medvedev government

It is an enormous responsibility, a colossal experience, and I am sure Dmitry Anatolyevich Medvedev will use it at his new post

Another 25 children added to Ukraine’s database of unwanted persons

All of them were born between 2015 and 2021

US Department of Justice plans no redactions in Epstein files to project famous people

The agency pointed out that some of the material was temporarily removed based on requests from victims and their lawyers

Macron betrays Merz on expropriation of frozen Russian assets — FT

"He knows that there will be a price to pay for that", also said a senior EU diplomat

Continuation of Ukraine conflict beneficial to politicians, arms dealers, bankers — Orban

Hungarian Prime Minister emphasized that Europeans deserve better, because Europe needs peace

Russia, Azerbaijan continue to boost partnership, Kremlin spokesman says

Dmitry Peskov commented on reports that Azerbaijani President Ilham Aliyev will not attend a Commonwealth of Independent States summit in St. Petersburg on Monday due to his heavy schedule

Kiev loses nearly 4,300 troops, mercenaries in fighting near the LPR over week — expert

Russian servicemen also destroyed more than 300 various enemy combat vehicles

The West brings strategic stability to the brink of an abyss — MFA

Sergey Ryabkov recalled that at the end of 2024 and the start of this year, the administration of former US President Joe Biden, driven by an aggressive and risky pursuit of a so-called 'strategic defeat' for Russia, undertook a series of highly provocative steps that sharply heightened tensions

Russia sends home Ukrainians wishing to reunite with families — right commissioner

Tatyana Moskalkova noted that Russia had great difficulties in transporting the 15 Ukrainian nationals who were to reunite with their families because Ukrainian Nazis keep shelling the Kherson Region and we were unable to evacuate their own fellow citizens

Kiev regime’s functionaries want to flee abroad after its fall — Russian intel agency

This trend is especially evident in Ukrainian diplomatic missions in Western countries

Critical infrastructure facility damaged in Ukrainian city of Odessa

One of the city districts was partially left without electricity

Conflict with Thailand leaves 525,000 Cambodians dispaced — ministry

The number includes 274,800 women and 167,100 children

US in pursuit of third tanker off coast of Venezuela — Bloomberg

The reason is Donald Trump's tightening of the oil blockade against the government of Nicolas Maduro, noted Bloomberg

Over 370 homes damaged in Belgorod in Ukrainian attacks over past week

Repair works are being conducted at 557 residential buildings

Vance indicates breakthrough in Ukraine talks between Russia, United States

The US vice president said that America would continue to make diplomatic efforts towards a Ukraine resolution

Up to ten Oreshnik systems to be deployed in Belarus — president

Alexander Lukashenko said an Oreshnik system has entered combat duty in the republic and denied media reports that it was deployed in Slutsk

Kiev’s attempting to disrupt peace talks with drone attacks on ships in Black Sea — MFA

Commenting on Turkey's resolute statement to Ukrainian security services regarding the unacceptability of attacks on vessels in the Black Sea, the diplomat noted that Ankara attaches great importance to ensuring the security of civilian shipping as such

US National Intelligence confident Russia not planning to control entire Ukraine

US Director of National Intelligence Tulsi Gabbard called such information about Russia's plans "a lie and propaganda"

Merz finds himself in isolation in Europe due to position on Russian assets — newspaper

German Chancellor attempted till the last "to praise advantages of the de facto expropriation of Russian assets, downplaying risks at the same time," the newspaper said

Russia says fakes about contacts with S. Korea aim to sow distrust between it, North Korea

These information fakes have no basis in fact, noted Maria Zakharova

Drone strikes damage moorings, vessels in Russia’s southern Krasnodar Region

There were no casualties

Senior Russian general killed in bomb blast in Moscow — Investigative Committee

"According to an investigation, on the morning of December 22, an explosive device planted under a car was activated on Yasenevaya Street in Moscow," Svetlana Petrenko said

Copper price on LME hits new all-time high

As of 8:32 a.m. Moscow time, the copper price stood at $11,993 per ton

Vance rings alarm bell over growing 'Islamist' presence in European politics

The US Vice President also warned of potential long-term risks to Europe-Washington relations across various fields

Russia’s Su-57 fighter with fifth-generation engine begins flight tests — Rostec

The state corporation added that UAC is currently implementing a program to expand production capacity, which will allow it to increase the volume of Su-57 aircraft deliveries to the military

Last Russian consulate general closes in Poland

Russian Consul General in Gdansk Sergey Semyonov urged all the visitors to contact the consular department of the Russian embassy in Warsaw

Ukrainian drone attack damages two piers, two vessels in Krasnodar Region

According to the regional operational headquarters, specialists are extinguishing fires that broke out at the piers and are covering an area of 1,000 to 1,500 square meters

Lavrov calls Kallas’ words about EU aid to Armenia 'confession'

The Russian foreign minister recalled, as an example, that in the case with Moldova, there was "blatant EU interference in the parliamentary elections"

Much time, effort needed to normalize Russia-US relations — senior Russian diplomat

According to Sergey Ryabkov, Moscow "wants to be sure that Washington has really embarked on a path of abandoning its extreme hostility toward Russia"

Ukraine steps up its activities in Kharkov Region, initiative remains with Russia — expert

Andrey Marochko recalled that last week, Russian servicemen liberated the village of Novoplatonovka

PREVIEW: Putin to continue two-day informal CIS summit in St. Petersburg

While the first day of the summit was filled with protocol events, the second day is devoted more to informal communication

Share of settlements in national currencies within EAEU at 93% — Putin

The president also said that the association had implemented a 5-year strategy for Eurasian economic integration

Relations with US, nuclear arms, Russia's security: Ryabkov's statements

The deputy foreign minister stressed that Russia still has serious questions for the United States over Ukraine

Russia to adhere to Alaska agreements in all versions of Trump’s plan — Kremlin aide

The Kremlin representative said Russia would work out its position from which it would go further, including with the Americans

Central African army well equipped, steadily developing — Russian envoy

Alexander Bikantov stressed that prospects for cooperation between Russia and the CAR in the defense industry are very promising

Russia provides basic necessities to Ukrainians evacuated from combat zones — commissioner

Tatyana Moskalkova did not specify the number of those evacuated

Hungarian PM objects to sending tax dollars to Ukraine, advocates spending money at home

Viktor Orban has repeatedly confirmed that his government calls for resolving the Ukraine conflict peacefully and has no plans to spend Hungarian taxpayer money on further military activities in the country

Lavrov holds over 20 meetings during two days of Russia-Africa Forum in Cairo

According to the Foreign Ministry, the top Russian diplomat held bilateral talks with his African counterparts from the Republic of the Congo, Burundi, Tanzania, Botswana, Gambia, Namibia, Equatorial Guinea and others

Putin baffled by NATO Secretary General Rutte's war-with-Russia talk

The Russian president advised that Mark Rutte read the national security strategy of the United States, which is a key player, creator and main sponsor of NATO

FACTBOX: What we know about terror attack on senior Russian general in Moscow

A parked car exploded at 12, Yasenevaya Street at around 7:00 a.m. Moscow time

Kiev counterattacks near Krasnoarmeysk, trying to slow Russian advance — expert

The Russian Defense Ministry announced the liberation of Krasnoarmeysk on December 1

Dmitriev hints that next Russia-US meeting on Ukraine could take place in Moscow

Special presidential envoy accompanied the post with a photo of himself wearing a T-shirt with the words "Next time in Moscow" and the signature of Russian President Vladimir Putin

European Commission becomes ‘Titanic’ dragging EU down with it — magazine

According to journalist Rafael Pinto Borges, Brussels has experienced institutional decline, which the European Commission prefers to ignore

Putin sends major message to West by his statement on Ukraine — portal

L’AntiDiplomatico also recalled that during his year-end press conference, the Russian leader noted that US President Donald Trump "is making serious efforts" to end the Ukrainian crisis and is doing this "absolutely sincerely"

Trump names Louisiana governor as US special envoy to Greenland

The American leader has repeatedly said that Greenland should become a part of the United States

Russia has no plans to attack EU, NATO countries — senior diplomat

Sergey Ryabkov recalled Russian President Vladimir Putin’s statement that Moscow "is even ready to legally enshrine this with regard to a potential solution to the current crisis based on the principle of equal and indivisible security"

EU loan to Kiev funds continuation of conflict — political director for Hungarian PM

Viktor Orban argued that the move would ultimately lead to cuts in other areas of European countries’ budgets, emphasizing that Hungary will not participate in the loan

Kiev acknowledges that it will probably lose Donetsk — JD Vance

The US Vice President suggested that territorial concessions "could be 12 months from now, it could be longer than that," stating that "territorial concession is a significant hold-up in the negotiations"

New French missile could form basis of European 'nuclear umbrella,' expert says

Alexander Stepanov pointed out that the ASMPA-R has successfully completed tests with the Rafale M carrier-based aircraft, confirming its operational compatibility

Russian troops expanding buffer zone near Seversk in DPR — Pushilin

According to the DPR head, the evacuation of civilians from the city is underway

Warmongers fail to interfere with talks between Russia, US on Ukraine in Miami — Dmitriev

The day before, Dmitriev told Russian journalists the talks were constructive

Russia downs 41 Ukrainian drones over past eleven hours — top brass

Three drones were intercepted over the Krasnodar Region

Putin’s envoy to brief president on his Miami talks upon arrival — Kremlin

Kirill Dmitriev is on his way to Moscow from the United States following two days of talks on resolving the Ukraine conflict

Ukrainian journalists say took pictures of Mindich in Israel

The details are promised to be released later

No new Russia-US meeting on irritants planned yet — embassy in Moscow

At the same time, US diplomats noted that Washington considers "the channel of bilateral operations as a constructive and permanent platform for negotiations to stabilize the work of the missions"

EAEU establishes itself as self-sufficient center of multipolar world — Putin

The Russian leader noted the expansion of mutual trade exchanges and the deepening of cooperative ties between the members of the union

Russian troops liberate Vilcha community in Kharkov Region over past day — top brass

Russian troops struck energy and port infrastructure used by the Ukrainian army and enemy deployment areas over the past 24 hours, the Russian Defense Ministry reported

Leaders of Kyrgyzstan, Tajikistan, and Uzbekistan receive this year’s Leo Tolstoy Award

Valery Gergiev, general director of the Bolshoi Theatre and artistic and general director of the Mariinsky Theatre, presented the medal and diploma to the presidents

Expanding partnership within CIS meets interests of member countries — Putin

The Russian leader said that the Commonwealth will continue to address the challenges of socioeconomic development, strengthening stability, and shared security

Increase in birth rate noted in 26 Russian regions — deputy prime minister

It is still too early to talk about a reversal of birth rate trends, Tatyana Golikova said

IN BRIEF: Kiev officials plan to flee, diplomats unlikely to return, Russia’s SVR reveals

According to the Foreign Intelligence Service, Ukrainian diplomats serving overseas are aware that there are no options to put an end to the Ukraine crisis on Vladimir Zelensky’s terms

Special unit of Ukrainian International Legion neutralized — security forces

The Ukrainian command continues to use elite special forces as assault troops

Iran promises not to break off relations with Russia at Europe’s request

According to Esmaeil Baghaei, European countries should pay attention to their behavior and analyze why the conflict in Ukraine arose in the first place

Dmitriev calls for acknowledging existence of warmonger campaigns in Western media

UK/EU politicians push the "let’s go to war with Russia"—covering up migration blunders/cashing in on weapons sales via "friendly" contractors, noted Dmitriev

Witkoff calls Russia-US consultations on Ukraine ‘productive, constructive’

Moscow highly values Washington's efforts to settle the conflict and strengthen global security, he added

Russia to think about peace plan proposals based on contacts in Miami — Kremlin aide

Ushakov added that, most likely, the bulk of the peace plan proposals would not suit Russia

Brussels promised that sanctions would crush Russia, but they destroyed Europe — Orban

Hungarian Prime Minister emphasized that this is the price of poor decision-making and that negotiations are needed

Deep State wants military conflict between the US and Russia, Gabbard says

US Director of National Intelligence Tulsi Gabbard said that every time Donald Trump makes progress and moves closer and closer to that hope for peace, the warmongers in the deep state step up and try to do everything they can to stop it

Press review: Kiev's Western support weakens as experts weigh in on Putin’s Q&A statements

Top stories from the Russian press on Monday, December 22nd

London court may hold hearings on Ukraine’s debt to Russia this spring

Russia was forced to take the case to the international court in London because Ukraine breached the debt payment deadline

Macron played key role in derailing EU plan on Russian assets at summit — Politico

At the summit, the French leader held discussions with Hungarian Prime Minister Viktor Orban, the report stated

Europe pressures Kiev to stem departure of youth to other countries — newspaper

El Pais also characterizes Ukraine’s demographic situation as catastrophic

Ukrainian authorities evacuate almost 147,000 civilians from frontline areas

More than 16,500 of those evacuated are children

Russia and US can implement many mutually beneficial projects — Kremlin

But this should not be tied to the settlement in Ukraine, despite Washington's desire to consider these topics in a single package, noted Dmitry Peskov

US Air Force fighter jet intercepts aircraft for approaching Trump's residence

F‑16 intercepted an aircraft that entered restricted airspace over Palm Beach, NORAD reported

Ukrainian soldiers deserting due to being underpaid — outlet

A serviceman suggested that AWOL could become an even more widespread phenomenon in the Ukrainian army in the coming months

Drones entering Romania’s airspace pose no threat, president says

Nicusor Dan believes the drones that have been recorded in the country’s airspace have not intentionally been sent on its territory

Russian general killed in Moscow listed in Ukraine’s unwanted persons database since 2022

Russian Investigative Committee Spokeswoman Svetlana Petrenko earlier reported that Fanil Sarvarov was killed in an explosion in southern Moscow on Monday morning

Louvre robbers steal over 8,000 diamonds and 200 pearls — TV

Investigators are examining information about a white van that was parked in the south of Paris during the robbery

Deep State attempts to provoke third world war — Dmitriev

Kirill Dmitriev pointed out that "US Director of National Intelligence Tulsi Gabbard is great for exposing the deep-state warmonger machinery trying to incite WW3 by fueling anti-Russian paranoia across the UK and EU"