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RUSSIA'S ECONOMY

Russian minister: Decision on floating ruble rate was absolutely correct

Russian Minister of Economic Development Alexey Ulyukayev says no grounds exist for devaluation shocks at present

© Vladimir Smirnov/TASS

BEIJING, November 10. /TASS/. The decision on the floating ruble rate was absolutely correct and no grounds exist for devaluation shocks at present, Russian Minister of Economic Development Alexey Ulyukayev said on Tuesday.

"I believe this decision [on the floating rate] was absolutely correct and was taken in challenging environment. I think highly of actions taken by the management of the Bank of Russia in this area," the minister said.

This is a comprehensive issues related to the opportunity of providing currency refinancing and to exporters, Ulyukayev said.

"We see at present the situation with the current account is fairly stable and is improving for the capital account. Therefore I think we have no grounds at present for any devaluation expectations or shocks," the minister added.

RUSSIA'S ECONOMY

Prospects for reduction of Central Bank’s key rate to single-digits in Q1 2016

Ulyukayev also noted that he sees potential for reduction of the Central Bank’s key interest rate to single-digits in the first quarter of 2016.

"I stick to my estimate," he said, adding that in general he sees potential for that. The Minister refused to give his estimate of potential for reduction this year.

Inflation in Russia may be 12.7-12.8% at yearend

The official said inflation in Russia may total 12.7-12.8% in annual terms by the end of the year.

"Accumulated inflation is 11.2% at present. If weekly inflation is 0.2% as it has been recently, it means inflation will be about 12.7-12.8% at the year-end," the minister said.

"I think the upper limit will be closer to 13%," Ulyukayev said. The lower limit of inflation is 12.2% in the ministerial outlook, he added.

"There is a chance there will be no usual December acceleration. This is related to consumer behavior. Savings are growing at present but the situation is highly unstable and I cannot therefore say anything more accurate," Ulyukayev said.

Russian GDP drops 4% in annual terms in October

According to the minister Russian GDP dropped 4% in annual terms in October.

"In October the decline in annual terms was rather deep - around 4%," he said.

As was reported earlier in September Russian GDP dropped 3.8% in annual terms.

The Minister added that in October the economy demonstrated a slight seasonally adjusted growth month-to-month. "There is indirect evidence, meaning railway loadings and electricity consumption in October stood approximately at the same level as in September thus, there was a very slight seasonally adjusted growth month-to-month while in annual terms it was all the same a recession," Ulyukayev said.

The Economic Development Ministry projects a 3.9% GDP decline by the end of the year in Russia.

Gazprom delivered record high gas volume to Russian consumers in October

The previous maximum was reached in 2023 and totaled 32.1 bln cubic meters

Mishustin to travel to Minsk for meeting of Russia-Belarus Union cabinet

The meeting’s agenda includes about 20 issues, such as mobile communications tariffs and development of suburban rail service

Sandu wins Moldova's elections with 55.33% of votes, Stoianoglo gains 44.67%

In total, 1,699,025 people came to the polling stations in Moldova and abroad, which is more than 54.31% of the people included in the electoral lists. In the second round of the 2020 presidential elections, this figure reached 58.22%

No military alliance provided for in Russia-DPRK partnership treaty — senior diplomat

According to Andrey Rudenko, Russia openly tells this to "all North Korea’s neighbors who sometimes and, lately, very often, express certain concerns"

Malaysia rejects US call to 'stop being friendly' with Russia — PM

Anwar Ibrahim said the call came during a meeting with US Secretary of State Antony Blinken on the sidelines of the 19th East Asia Summit in Laos

North Korea probably launched ballistic missile, Japan’s coast guard says

The missile, whose type remains unclear so far, fell about 20 minutes after launch, the agency said

PREVIEW: Putin to lay flowers at monument on Red Square to mark National Unity Day

Representatives of religious denominations, public and youth organizations will take part in the ceremon

Situation dire for Ukrainian troops along entire frontline, says DPR head

Meanwhile, the potential of Ukrainian armed forces should not be underestimated, Denis Pushilin cautioned

Economic sanctions against Russia not working — top Hungarian diplomat

As an example, he cited Europe’s continuing purchases of Russian liquified natural gas and Russian uranium supplies to the United States for the production of fuel for US nuclear plants

Syria demands UNSC take measures to stop Israel’s attacks

A source in the Syrian defense ministry told the agency earlier that Israel had staged an attack from the occupied Golan Heights on Monday evening

Russian forces liberate settlement of Vishnyovoye in Donetsk People’s Republic

Azerbaijan, Iran hold joint naval drills in Caspian Sea

The ministry said earlier that the drills involved two ships and more than 100 servicemen of the Azerbaijani Navy

Press review: Turkey to mediate in Russian-Ukrainian conflict while IDF strikes Gaza

Top stories from the Russian press on Saturday, November 2nd

Moldova’s opposition to challenge presidential election results with Constitutional Court

According to Sor, the opposition has evidence of massive ballot rigging in favor of the incumbent president during the presidential election

Cargo Dragon lifts off from Florida launch site to head for ISS

The 31st commercial mission to deliver cargo to the orbital outpost departed from John F. Kennedy Space Center in Florida at 9:30 p.m. US East Coast time

Ukraine admits number of deserted soldiers from Armed Forces of Ukraine surpasses 100,000

Earlier, military lawyer from the Center for Support of Veterans and Their Families Roman Likhachev said that more than 100,000 servicemen had voluntarily left their units

Russia says its troops mined, blocked one route used by Ukrainian forces in Kursk Region

According to the ministry, soldiers of the regiment's reconnaissance company with the call signs Porsh and Pochta destroyed the enemy that was covering the passage in the engineering barriers and moved forward to fulfill the combat mission

NATO number one threat to global peace, says French politician

It is stted that NATO considers the EU as "a registration office of its members"

Over 82 million early votes cast in US presidential election — Florida State University

The highest voter turnout was recorded in Texas (8.9 million votes), Florida (8.3 million), and California (8.1 million)

Attacks on reserves and Ukrainian losses: situation in Kursk Region

The Ukrainian armed forces lost over 150 troops in the Kursk area in the past day

Total losses of Ukrainian forces in Russia’s Kursk Region reach over 29,600 servicemen

Meanwhile, over the past 24 hours, the Ukrainian Armed Forces have lost over 350 servicemen

Soyuz-2.1b blasts off from Vostochny spaceport carrying 55 Russian, foreign satellites

The Ionosphere-M satellites, which are the main payload, are set to be put into a sun-synchronous orbit within an hour

Russian Guardsmen uncover Ukrainian arms cache with over 100,000 munitions in LPR

The arms cache also stored more than 600 artillery shells and engineer explosive items, eight anti-tank missiles, over 100 grenade launcher projectiles

Attempts to destroy Iran’s nuclear capacity may expand conflict — top Turkish diplomat

According to Fidan, Israel continues to put forward conditions in talks with the Palestinian movement Hamas

Russian diplomat slams Moldova’s election as most undemocratic in country’s history

The outcome of the runoff presidential election "exposed a profound split in Moldovan society, which began after the first round of election and the referendum on European Union membership," Maria Zakharova noted

Kiev wants to exchange only militants from its nationalist battalions — Russian diplomat

According to Maria Zakharova, Kiev is also "interested in the fate of foreign mercenaries who took part in combat operations against Russia"

Israel hits Hezbollah intelligence headquarters near Damascus — IDF

According to the IDF, Hezbollah's intelligence headquarters has a branch in Syria, "which includes an independent intelligence gathering, coordination, and assessment network."

US to hold 60th election of president, vice president on Tuesday

Election results must be officially certified in states by December 19

Medvedev sees West waging real war on Russia in Ukraine

"Our current adversaries argue that they have a right to send any weapons to Ukraine or that they have a right to dispatch their advisors to consult on how to conduct hostilities," the Russian Security Council deputy chairman said

Kiev may look at Qatar-mediated agreement with Russia on non-targeting energy facilities

According to Andrey Yermak, a principle like the one of the grain deal could be used in this context, but no talks between Kiev and Moscow are being held at the moment

Press review: Lavrov embarks on EU visit and Russia permits individual crypto mining

Top stories from the Russian press on Friday, November 1st

Hezbollah fires 105 rockets from Lebanon at Israel on November 3 — IFD

The army "will continue to protect Israel and its people from threats" from Hezbollah, the press service noted

US State Department says 10,000 North Korean soldiers deployed to Russia’s Kursk Region

They "could enter combat in the coming days," Matthew Miller, a State Department spokesman said

West itself signed death warrant for dollar, turning it into punishment tool — Lavrov

At the same time, the volume of mutual settlements in national currencies in foreign trade between the BRICS member countries reaches around 65%

Iran has hundreds of missiles capable of inflicting severe damage Israel — WSJ

The article states that the Israeli attack has compromised the air defense systems protecting key Iranian facilities

Swedish climate activist Greta Thunberg appears at a rally in Georgia

According to some reports, she came to the country at the invitation of a non-governmental organization

Former CIA, Pentagon chief describes incursion into Kursk as Kiev’s ‘strategic mistake’

In Robert Gates opinion, Russia is capable of continuing its special military operation in Ukraine until it decides that its goals are met, and underestimating its ability to carry on "is a huge mistake"

Kiev's violation of agreements means less territory for Ukraine — Lavrov

The Russian foreign minister also recalled the Istanbul agreements

Russian-North Korean partnership treaty called to stabilize region — Russian diplomat

"The treaty’s provisions, including article 4 on mutual support in case of an armed incursion, will be fully implemented, if need be," Anna Yevstigneyeva said

Russian diplomat says Ukraine took back just 279 POWs, although 935 were offered

Russian Foreign Ministry Spokeswoman Maria Zakharova called such actions of the Kiev regime "political tourism on the blood of its own citizens, its own servicemen"

Russia is not going to attack Poland, Baltics, Ukraine through Belarus rule — Lukashenko

The Belarusian President called for building relations in a neighborly manner

Press review: Putin highlights GDP growth while the Russian military claims top rank

Top stories from the Russian press on Tuesday, October 29th

Kremlin spokesman denies Russia ships explosives across EU

"We have never heard any official accusations," Dmitry Peskov said

Opposition rally near parliamentary building in Tbilisi ends without incidents

President Zourabichvili and all the opposition parties refuse to recognize the election results, slamming them as rigged

AI predicts Harris’ victory over Trump

The forecast predicts Trump has a 73.3% chance of winning Arizona, a 62.1% chance in North Carolina, and a 61.8% chance in Georgia

Putin to accept letters of credentials from 28 new ambassadors on November 5

The ceremony will also be attended by representatives from Argentina, Italy, Spain, New Zealand, Ireland, Denmark, Belgium, the Netherlands, and Finland

Final poll by NBC shows equal support for Harris, Trump in US presidential election

Both candidates are being supported by 49% of registered voters with merely 2% remaining undecided

Israel steps up readiness for potential Iranian strike — report

The IDF has not ruled out the possibility of an Iranian response from Syria, Yemen, or Iraq, rather than directly from Iran, the newspaper reported

Russia’s Ionosfera-M satellites successfully put into orbit after launch

Soyuz-2.1b rocket also carried 53 other satellites

Russian forces display ingenuity and unconventional tactics in liberating DPR — official

Donetsk People’s Republic head Denis Pushilin also emphasized that the enemy should not be underestimated, so as not to diminish the significance of Russian forces' achievements

Rheinmetall plant in Ukraine Russia's legitimate military target — Kremlin

Earlier, Rheinmetall CEO Armin Papperger announced that the company was opening a plant in Ukraine specializing in the repair and production of armored vehicles

NATO intends to fight 'defensive battles' thousands of miles from its territory — Lavrov

According to Lavrov, all reasonable observers understand "that this is a road to nowhere"

Meta makes AI models available to US government for military purposes

According to Nick Clegg, "these kinds of responsible and ethical uses of open source AI models like Llama will not only support the prosperity and security of the United States, they will also help establish US open source standards in the global race for AI leadership"

Western military assistance to Ukraine tops 100 bln euros — minister

Ukraine regularly asks for additional military assistance from its Western partners, occasionally criticizing them for delays and insufficient amount of supplies

Kursk region will be cleared of Ukrainian forces — Putin

He added that victory is impossible without volunteers who support the fighters at the front

Harris has 4-point lead over Trump in final PBS election poll

An earlier poll conducted by Research Co. revealed that Harris was ahead of Trump in swing state Pennsylvania by one percentage point

Russia says 6 Ukrainian drones shot down over Bryansk Region overnight

Bryansk Region Governor Alexander Bogomaz said there were no casualties and destruction as debris of the downed drones hit the ground

Russia’s Medvedev cautions next US leader against adding fuel to fire in Ukraine

The politician doubted the deep state in the United States wants another global war

Ukrainian lawmaker Bezuglaya calls out ‘catastrophic situation’ in country’s army

Maryana Bezuglaya accused Commander-in-Chief Alexander Syrsky for his alleged failure of the military operation in Russia’s borderline Kursk area and the complicated situation in the southern directions of the frontline

Russia’s Fregat booster delivers 53 small satellites into target orbit

Considering Ionosfera-M No. 1 and Ionosfera-M No. 2 heliogeophysical satellites put into orbit, Russia launched a record 51 domestic satellites into orbit

Trump has 61% chance of winning US election — bookmakers

The US general election is being held on November 5, 2024

Prosecutor's Office deems activities of US-based business society undesirable in Russia

The international company incorporated in the United States has been engaged in promoting the policies of unfriendly states regarding the Russian-Ukrainian conflict and actively supports the LGBT community, the Russian Prosecutor General's Office explained

Bulgaria, Westinghouse sign engineering deal for additional reactors at Kozloduy NPP

The cost of construction has not been determined yet, but is expected to be between $14 billion and $30 billion

Hollywood actors face pressure to endorse Harris or risk career setbacks — Elon Musk

The US presidential election is set to take place on November 5, with voters also selecting a third of the Senate, the entire House of Representatives, and governors for 11 states and two territories

Moscow calls on Seoul to refrain from sending weapons to Ukraine — diplomat

"We call on our South Korean colleague to think twice and not to embark on this extremely dangerous path, which will lead Seoul to nothing good", Anna Yevstigneyeva said

Trump says he’s fighting 'evil democrat system,' not Harris

The United States presidential election is set to be held on November 5

New Russian combat equipment in 2024

Germany ‘shamefully resigned’ itself to destruction of Nord Stream — Lavrov

Lavrov also drew attention to the fact that "reckless proposals" are being made about strikes with Western long-range systems deep into Russian territory

Sandu is winning in 2nd round of Moldovan presidential elections with 55.04% — CEC

Votes at a number of polling stations abroad are yet to be counted

Russia sends 19 tons of humanitarian aid to Lebanon

The flight was carried out under the order of Russian President Vladimir Putin

US citizen who shared data on Ukrainian military with Russian army wants to stay in Russia

Daniel Martindale noted that after peace is restored, he would like to go back to farming

Putin meets with visiting North Korean foreign minister — Kremlin spokesman

On November 1, Choe Son Hui held talks with her Russian counterpart, Sergey Lavrov

Rebels capture strategic town in eastern Congo bordering Uganda

M23 units resumed their offensive in North Kivu in mid-October, capturing over ten major settlements

BRICS countries dominate world economy — official

He pointed to the improved quality of life in the BRICS countries, the birth rate among the key factors and noted other demographic and socio-economic reasons

Southern sector of Ukrainian defense in DPR close to collapse — The Guardian

Kupiansk military-civilian mayor Andrey Besedin described the situation as "critical" and said that approximately 1,400 people were refusing to evacuate from their homes, awaiting the arrival of Russian troops

Ukraine attacks Belgorod Region with 20 munitions, two UAVs in one day

Vyacheslav Gladkov noted that two drones were shot down over the town of Schebekino and the Belgorod District

Ukraine lost 6,000 more fighters on LPR borders in one month than in September

During this period the Russian Armed Forces destroyed 746 vehicles, 365 various armored vehicles, 61 tanks, 12 launchers of multiple launch rocket systems

Fencing installed around Harris’ residence in Washington ahead of election

Apart from that, additional fencing will be installed around the US Capitol and the US Department of the Treasury in Washington

Putin to accept diplomatic credentials from 28 ambassadors of countries like Japan, Canada

The ceremony on Tuesday will be the first in 2024

Austria accepts terms of payment for Russian gas in rubles — Chancellor

On March 23, the Russian president ordered that unfriendly states must pay for Russian gas in rubles

Elon Musk claims war mongers back Kamala Harris’ 'puppet regime'

According to Elon Musk, those within the US administration who support Vice President Harris "profit off of wars," a situation he described as "insane"

Over 78 mln US citizens vote early in presidential election — Florida State University

According to the report, more than 42.6 million people attended polling stations

Treaty between Russia, North Korea corresponds to geopolitical situation — senior diplomat

The Comprehensive Strategic Partnership Treaty was signed by Russian President Vladimir Putin and North Korean leader Kim Jong Un during the Russian head of state’s visit to Pyongyang in June

Crowds throw mud at Spanish king during visit to flood zone

As a result, the king's visit to Paiporta was cut short

Kiev capable of staging provocation with use of nuclear fuel — Defense Ministry

It is reported that the Kiev regime is capable of launching a provocation directed against Russia's population in order to destabilize the situation

Medvedev says any new uprising in Ukraine would seek to execute current leaders

The Russian politician said the goal of Zelensky and his team is to stay in power in the country as long as possible

Russian Air Defense Forces shot down four HIMARS missiles, Hammer bomb, 42 Ukrainian UAVs

Russia’s East battlegroup improves its position, Ukraine loses up to 110 servicemen

Trump admits he may lose election

The US general election is being held on November 5, 2024

Musk slams Harris for false claim about US troops in combat zones

Earlier, Harris had said, "There is not one member of the US military in active duty in a combat zone — in any war zone around the world"

For US losing dollar as a standard of settlements would be like losing a war, Trump says

The Republican presidential candidate criticized the current US administration for allowing the unification of Russia, China, Iran, the DPRK and a number of other countries into one group

Russia says Т-80 tanks of battlegroup East disrupt Ukrainian attack in South Donetsk area

According to the statement, following the combat mission, the tank crews quickly left their firing positions and returned to the waiting area to evade retaliatory fire by enemy artillery

Chisinau denies hundreds of thousands of Moldovans in Russia right to vote — Kremlin

Dmitry Peskov stressed that the Moldovan election was "neither democratic nor fair" and was "fraught with electoral manipulations"

Talks on settlement in Gaza continue — diplomatic source

The Egyptian proposal involved a 12-day ceasefire, during which Hamas would release four Israeli hostages and then the sides would hold talks about "a more long-lasting ceasefire"

US election results will bring peace or third world war — Serbian leader

The United States presidential election is set to be held on November 5

Ukrainian forces lose 11,800 soldiers on LPR borders in a week — military expert

During the mentioned period, the Russian military destroyed 196 vehicles, 89 various armored vehicles, five tanks, three multiple launch rocket system launchers

Trump reaffirms to end Ukraine conflict and prevent global war if elected

Throughout his campaign, Donald Trump has vowed to resolve the Ukraine conflict even before his inauguration, should he reclaim the White House

Google’s fines in Russia reach stratospheric levels — lawyer

Google can return to the Russian market only if it complies with the court’s decision

Press review: Trump, Harris clash in swing states as EU likely to keep sanctions on Russia

Top stories from the Russian press on Tuesday, November 5th

Harris, Trump tie in Dixville Notch, starting election

As is tradition since 1960, residents of Dixville Notch cast their ballots around midnight local time, several hours before voting starts in other parts of the country

Ukrainians do not want war with Russia, but US keeps them trapped — expert

According to Professor Ruhollah Modabber, Washington has effectively banned free elections in Ukraine

Japan’s defense minister says North Korea launched 7 missiles that flew 400 km each

Japan issued a protest to Pyongyang through diplomatic channels