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RUSSIA'S ECONOMY

Russia’s GDP fell 3.7% YOY in 2015 — statistics

Russia’s GDP amounted to 80.8 trillion rubles ($1.2 trillion) in 2015 in current prices

© Sergei Fadeichev/TASS

MOSCOW, April 1. /TASS/. Russia’s GDP declined 3.7% year-on-year in 2015, Russian national statistics agency Rosstat reported on Friday. The GDP fell 3.8% on an annualized basis in the fourth quarter of 2015.

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Russia’s GDP amounted to 80.8 trillion rubles ($1.2 trillion) in 2015 in current prices. The GDP price deflator relatively to average annual prices of 2014 totaled 7.7% in 2015, Rosstat said.

According to Rosstat, agriculture (+3.1% year-on-year), household activities (+1.4), mineral resources production (+1.1%), and healthcare and social services sphere (+0.4%) showed the highest growth at the last year-end.

The highest decline was noted in wholesale and retail sector (-10% year-on-year), construction (-7.4%), processing industries (-5.1%), and hotels and restaurants business (-5.3%).

Final consumption expenditures totaled 71.7% in the Russia’s GDP structure at 2015 year-end and declined 0.5% year-on-year. At the same time, the net export share in the GDP was up 1.6% and reached 8.2%, Rosstat said.

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Gazprom to replace European sales market with new export destinations, says Italian expert

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Ahmed al-Sharaa also said he will not "tolerate uncontrolled arms trafficking" across the country

AI can help generate personalized cancer vaccines in an hour — Russia’s vaccine chief

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Trump to rely on forces that brought him to power — Russian presidential aide

Nikolay Patrushev agreed that Trump, when he was still a candidate, "made many statements critical of the destructive foreign and domestic policies pursued by the current administration"

Serbia will never joint anti-Russian sanctions, deputy prime minister vows

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Russian troops liberate two communities in Donbass area, Kharkov Region over past day

Russia’s Battlegroup Center inflicts 480 casualties on Ukrainian army over past day

Russian forces control more than half of Chasov Yar in DPR — expert

Andrey Marochko noted that Russian forces had "slightly advanced" in the northern and southern parts of Chasov Yar

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Strike on SBU control center response to Russian general’s assassination, expert says

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Slovak PM thanks Putin in Russian for meeting with him

This was Putin’s first personal meeting with Fico since 2016

Magnitude 5.3 earthquake rocks South Africa

No injuries or damage were reported

Three of eight drones that attacked Kazan targeted defense industry facilities — head

The Tatarstan head Rustam Minnikhanov also noted that all operational services worked well when dealing with the aftermath of the drone attack

Civilian manufacturers ramp up drone production to 40,000 units per month

The Russian Defense Ministry has also purchased more than 100,000 units from small design bureaus and civilian manufacturers, the statement said

PREVIEW: Putin expected to unveil several transport facilities

According to Kremlin Spokesman Dmitry Peskov, Putin has several closed-door meetings slated for December 22

Press review: Putin outlines Russia's future goals and Tehran faces energy blackout riots

Top stories from the Russian press on Friday, December 20th

Oreshnik’s launch is sudden, undetectable by satellites — analyst

The range of the Oreshnik system is up to 5,500 kilometers

Air raid alert issued in six Ukrainian regions

Earlier, an air raid alert was declared in the Kiev, Sumy and Chernigov Regions

Arkhangelsk nuclear submarine ready to join Russian Navy — Sevmash Shipyard CEO

Project 885M nuclear-powered submarines carry Oniks and Kalibr-PL cruise missiles as their basic strike weapons

Damage to Portuguese Embassy in Kiev caused by Ukrainian air defense — Russian diplomats

Reporters are ramping up Russophobia, distorting the facts while writing on this matter, the Russian Embassy in Portugal said

Assad allegedly hands list of military targets over to Israel before leaving Syria — media

According to the Turkish newspaper, the former Syrian president did it to ensure his own safety

Zelensky actually flips the bird to Trump by insulting Putin, Medvedev says

The politician emphasized that "the president of a major country should be extremely polite and amiable"

Putin holding talks with visiting Slovak PM

According to Putin’s press secretary, the meeting is being held one-on-one

Putin opens new transport infrastructure sites in Russian regions via video link

Putin also took part in the ceremony of opening international airports in Magadan, Cheboksary, and Stavropol

Russian cancer vaccine to be free of charge — top oncologist

It is planned to launch it in general circulation in early 2025

ISS orbit raised ahead of launching Soyuz manned spacecraft

As preliminary data suggest, the ISS orbit was raised by 2.3 km to 416.43 km above the Earth’s surface

Two freight trains collide at Trans-Baikal Railways, traffic suspended

Both freight trains loaded with coal collided at the Bushulei-Zhireken railway section

Hungary wants to preserve relations with Russia as part of economic neutrality — Orban

Prime minister underscored that, "the more serious the problems in Europe are, the more decisively the economic relations in all other markets should be promoted"

Press review: Who benefits from Russian general's murder as Trump lacks Kremlin strategy

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

Kiev takes out its anger for military defeats on Russian people — diplomat

Foreign Ministry Spokeswoman Maria Zakharova also emphasized that Moscow is outraged by the hypocritical silence of the West and its media on the terrorist attacks in Russia

First batch of nuclear-armed drones Poseidon manufactured for special-purpose sub Belgorod

According to the source, various trials of core components of Poseidon underwater drones, including the nuclear power

Response to Ukrainian attack on Russia’s Rylsk to come shortly — Russia’s UN envoy

Vasily Nebenzya warned as he denounced the attack as yet another unambiguous step by the Kiev regime toward escalation

An-2 plane missing in Kamchatka located, survivors found — regional emergencies ministry

According to the press service of the regional Emergencies Ministry, all three people onboard the plane survived the emergency landing

Putin agrees 'Russian world' now faces war

The Russian leader also agreed with Sergey Mironov, head of the "A Just Russia - For Truth" faction in the Duma, who said that "the birth rate is insufficient, because the matter concerns extinction"

Hungary wants to maintain ties with Russia under its economic neutrality policy — PM

Victor Orban also said that hopes for the development of economic cooperation with the United States after President-elect Donald Trump takes office