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Apparel production in Russia to grow by 24% in 2025 — Ministry of Industry

The Ministry is developing the industry development strategy by 2030 for further growth of the light industry, Mikhail Yurin said

MOSCOW, December 18. /TASS/. The light industry in Russia is expected to grow at the level of 10% in 2025 and the clothing segment will demonstrate the highest growth of 24%, Deputy Minister of Industry and Trade Mikhail Yurin said.

"Despite the difficult situation, an increase of about 10% in value terms against the last year is expected in 2025. The highest growth is demonstrated by the clothing segment - it will be slightly over 24% there. We expect further increase in volumes and believe it became possible owing to the balanced policy of industry support," Yurin said, cited by the ministry.

About 97 projects received subsidized loans of the Industry Development Fund since 2015, the official said.

The Ministry is developing the industry development strategy by 2030 for further growth of the light industry, the deputy minister said. The New Materials and Chemicals project is also a practical supporting tool. Implementation of the initiatives in the next two-three years will make it possible to provide for production of domestic polyester threads, fiber products and polyamide, he added.

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In March, State Secretary and Deputy Minister of Digital Development Ivan Lebedev noted that around 677,000 crimes related to telephone and online fraud are committed annually in Russia

Europe is trying to sell 'armed truce' as peace, Italian expert says

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Russian defense technologies unmatched by Western military-industrial complex — expert

Alexander Stepanov noted that established industrial production would make it possible to make tens and even hundreds of items per year to provide strategic coverage for all critical areas and facilities in the Russian border regions

Belgian PM announces plans to push forward work to finance Ukraine

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Putin blames West for Yugoslavia’s breakup

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Russia advances in Donbass while West plays shell games — Ukrainian opposition politician

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US House rejects resolution to end operations against drug cartels

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US House rejects resolution against hostilities against Venezuela

The Republican-majority House voted 213 to 211 against this resolution

US escalates conflict with Venezuela to verge of military strike — expert

Alexander Stepanov emphasized that strikes on Venezuela are most likely to be carried out remotely, with a ground operation being highly unlikely

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Head of the Bureau of Military-Political Analysis Alexander Mikhailov emphasized that the S-500 functions as a sophisticated space defense system

Trump slow-rolling decision on new sanctions against Russia — Bloomberg

The new measures could be unveiled as early as this week

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Four EU officials said that a key point in the discussion was the idea of excluding Hungary and Slovakia from the general debt repayment scheme, as both countries oppose further aid to Ukraine

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Western military presence in Ukraine in any format unacceptable for Russia — MFA

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Austrian parliament rejects proposal to support EU seizure of Russian central bank funds

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Fatalities from Ukrainian drone attacks reported in Russia’s Rostov-on-Don, Bataisk

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Press review: Trump seeks to pressure Moscow as EU desperate to find funds for Ukraine

Top stories from the Russian press on Thursday, December 18th

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Trump names countries that will truly play important role — Kneissl

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