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RUSSIA'S ECONOMY

Russia’s Reserve Fund stands at $31.4 bln, National Wealth Fund at $71.5 bln

The Finance Ministry said it had not transferred funds from the Reserve Fund to cover the budget deficit for the second month in a row.

© Sergei Konkov/TASS

MOSCOW, November 2. /TASS/. Russia’s Reserve Fund decreased by 2.24% in October, to 1.991 trillion rubles ($31.4 bln), the National Wealth Fund (NWF) decreased by 1.64% to 4.541 trillion rubles ($71.5 bln), the Finance Ministry said.

The Finance Ministry said it had not transferred funds from the Reserve Fund to cover the budget deficit for the second month in a row.

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Russia may spend additional $11.1 bln from Reserve Fund to cover deficit this year

In August, the ministry for the third time in 2016 transferred money from the Reserve fund to cover the budget deficit in the amount of 390 bln rubles ($6.1 bln).

In April and May, the ministry spent 390 billion rubles every month from the Reserve Fund to cover the budget deficit.

Thus, in 2016, 1.17 trillion rubles ($18.4 bln) was allocated from the Reserve Fund to cover the budget deficit. In total the Finance Ministry plans to spend 2.1 trillion rubles ($33.1 bln) from the fund in 2016.

According to the ministry, the total income from placing funds of the Reserve Fund on foreign currency accounts with the Central Bank, recalculated in US dollars, from January 15 to October 31, 2016 amounted to $ 0.21 bln, which is equivalent to 13.26 billion rubles.

The exchange rate difference from recalculating balances on these accounts for the period from January 1 to October 31, 2016 amounted to a negative value (-) 478.96 bln rubles ($7.5 bln).

As of November 1 2016, the volume of the National Wealth Fund totaled $72.20 bln. In particular $19.56 bln, €20.76 bln, £3.83 bln were placed on specific accounts in the Central Bank.

The National Wealth Fund placed 195.03 bln rubles and $6.25 bln on deposit accounts in Vnesheconombank. The Fund placed $3 bln in Ukraine’s Eurobonds, 112.63 bln rubles and $4.11 bln in securities of Russian companies and 278.99 bln rubles in preferred shares of credit organizations.

Besides that 164.43 bln rubles ($2.6 bln) was placed on deposit accounts in VTB and Gazprombank to finance infrastructure projects.

The total income from the placement of the Fund's assets in eligible financial assets, with the exception of funds on the accounts at the Central Bank, from January to October 2016 amounted to 34.76 bln rubles, which is equivalent to $0.53 bln.

NWF amounts to $131.13 bln as of November 1 — Russian Finance Ministry

The total estimated amount of the income from depositing the NWF money at accounts in foreign currency with the Central Bank, recalculated in dollars, totaled $97.3 mln with the period from December 15, 2023 to October 31, 2024

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

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

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Meta makes AI models available to US government for military purposes

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

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Western military assistance to Ukraine tops 100 bln euros — minister

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Kursk region will be cleared of Ukrainian forces — Putin

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

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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

List of BRICS partner countries agreed, Putin says

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

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

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Kremlin spokesman denies Russia ships explosives across EU

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"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

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Putin meets with visiting North Korean foreign minister — Kremlin spokesman

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

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

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Russia sends 19 tons of humanitarian aid to Lebanon

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

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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 Ionosfera-M satellites successfully put into orbit after launch

Soyuz-2.1b rocket also carried 53 other satellites

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

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

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

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

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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

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

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

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Kiev strikes on Kursk NPP may cause Chernobyl, Fukushima-like disasters — Russian military

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

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

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

The Russian foreign minister also recalled the Istanbul agreements

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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

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"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

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

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

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Economic sanctions against Russia not working — top Hungarian diplomat

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Kiev reports tense situation for Ukrainian troops in Kurakhovsky direction

In late October, Russian Defense Minister Andrey Belousov informed that the Russian Armed Forces continued to make solid progress in the Kurakhovsky direction

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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"

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."

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

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

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

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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

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

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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

Ukraine’s attempt to seize ZNPP threatens global nuclear industry — spokeswoman

The Zaporozhye Nuclear Power Plant is well-protected Yevgeniya Yashina added

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

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

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"

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

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

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

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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

Russian Defense Ministry presents slideshow of Ukrainian plot to capture Kursk nuke plant

Ukraine planned to engage 20,000 troops, 27 tanks, 50 units of armored hardware, 30 units of tube artillery and five multiple launch rocket systems

Russia supports fair relations in economy — Putin

According to the head of state, Russia follows a constructive course in its foreign policy that addresses both its interests and global trends

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"

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

Ukraine’s Security Service carrying out sabotage activities against ZNPP employees

Lieutenant General Igor Kirillov recalled that shelling attacks on the nuclear plant by Ukrainian troops had been of little concern for the global community

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

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

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

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

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

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

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

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

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"

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

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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