Source link The PKB-500U Drel has reportedly completed all trials amid the conflict with Ukraine This year, Russia will reportedly start mass-producing a new gliding aerial bomb which has been in development for years. The weapon has proven highly successful in the Ukraine conflict, for which the Russian military retrofitted older bombs with upgrade kits. […]
Source link The fortunes of the country’s top billionaires grew by billions of dollars last year The combined net worth of Russia’s wealthiest people jumped by $50 billion in 2023, according to the Bloomberg Billionaires Index. It marks a significant change, after their fortunes shrank by $93.7 billion in 2022 due to Ukraine-related sanctions against […]
Source link Ukraine itself is not an enemy, while Western elites backing it are, the Russian president has said Ukraine is a mere tool in the hands of the collective West, which has been using it to fight Russia, President Vladimir Putin said on Monday. He made the remarks at a military hospital in Moscow […]
Source link Moscow will seek the “harmonious integration” of new members and boost internal cooperation and global outreach, he has said Russia has assumed the one-year rotating presidency of BRICS following its groundbreaking expansion in 2023, with President Vladimir Putin vowing that Moscow will do its best to promote cooperation within the economic bloc. In […]
Source link The sovereign funds have been seized by the West as part of Ukraine-related sanctions Nearly $300 billion worth of Russian forex reserves have been frozen by Western countries since March 2022. The EU has been seeking ways to tap the profits from those funds, but Moscow warned that any such move would constitute […]
Source link Russian natural gas production has continued to grow in annual terms for the fourth month in a row in November, reaching nearly 60 billion cubic meters, business daily Kommersant reported this week, citing official data. Statistics by the Energy Ministry, seen by the newspaper, reportedly show that the figure was up 6.4% compared […]
Source link Russia’s foreign currency reserves have continued to grow, surpassing $593 billion as of December 22, the country’s central bank has reported. Statistics show the volume of international reserves increased by $5.5 billion, or 0.9%, in the week from December 15, largely due to “a positive market revaluation.” The stockpile reached a historic high […]
Source link Despite all efforts to defeat Moscow in the Ukraine conflict, the combat-readiness of its army has risen, Anatoly Antonov said The reaction of Washington to Moscow’s recent massive airstrikes on Ukrainian military targets demonstrates the effectiveness of the operation, Russia’s ambassador to the US, Anatoly Antonov, said on Friday. During the week, 50 […]
Source link The West must be convinced that their policies are reckless and could have consequences, says Sergey Karaganov Russia should revise its nuclear doctrine and lower its nuclear threshold in order to deter the West from pursuing reckless policies, says former foreign policy adviser to the deputy head of the Russian Presidential Administration, Sergey […]
Source link Exports to the bloc have plummeted following Western sanctions, Deputy Prime Minister Novak says Russian oil sales to the EU have shrunk to a tenth of their former level due to Western sanctions, Russia’s Deputy Prime Minister Alexander Novak announced on Wednesday. As of the end of 2023, the share of crude deliveries […]
Source link The country’s refineries have reportedly processed over 5 million barrels a day Russia’s oil processing has been on the rise, jumping in the past week close to the highest daily refining runs in more than eight months, Bloomberg reported on Monday, citing sources. According to a person familiar with the matter, the country’s […]
Source link Many countries are abandoning the greenback since it is used as a political tool, Vyacheslav Volodin has said The US has lost its economic dominance, Russian State Duma Speaker Vyacheslav Volodin wrote on his Telegram channel on Sunday. Attempts to regain it by unleashing “military conflicts, sanctions and trade wars, organizing terrorist attacks […]
Source link The rate of fulfilling defense orders has reached 98%, a record high in the country’s modern history, Denis Manturov has said Russia is outpacing Western countries in arms production despite the latter’s push to provide military support to Ukraine, Russian Deputy PM and Trade Minister Denis Manturov has said. In a wide-ranging interview […]
Source link The move reportedly follows the latest US sanctions banning countries from buying LNG produced by the plant Foreign shareholders in Russia’s new liquefied natural gas (LNG) plant, Arctic LNG 2, have halted participation in the project amid US sanctions, Kommersant business daily reported on Monday, citing sources within the Russian government. According to […]
Source link Western sanctions have failed to sink the Russian economy due to a “big country trap” effect, a recent study by the Institute of Economics of the Russian Academy of Sciences has found. If a state is a major player on the global market – like Russia – the imposition of restrictions on its […]