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Gazprom Neft posts 42% drop in Q1 profit under IFRS to $1.15 bln

Revenue fell by 8.8% in the reporting period to $11.16 bln

MOSCOW, May 21. /TASS/. Net profit of Gazprom Neft under International Financial Reporting Standards (IFRS) amounted to 92.6 bln rubles ($1.15 bln) in January-March 2025, which is 42% lower than in the same period in 2024, the company reported.

Revenue fell by 8.8% in the reporting period to 890.9 bln rubles ($11.16 bln).

"The deterioration of macroeconomic environment, inflation pressure and growth of debt burden influenced the dynamics of the company’s financial results in Q1 2025," Gazprom Neft said.

Profit before tax fell by 36% in the reporting period to 131 bln rubles. Operating profit amounted to 112.7 bln rubles, which is 43% lower than in the same period last year.

Musk announces renewed focus on business following X outages

Major operational improvements need to be made, he noted

Damascus welcomes US move to lift part of sanctions on Syria

"We welcome the US government’s decision to lift sanctions that have affected Syria and its people for years," Ministry of Foreign Affairs said

Temporary restrictions introduced in Moscow’s Domodedovo, Zhukovsky Airports

Air harbors neither receive nor provide for departures of flights

Former Ukrainian commander-in-chief admits return to 2022 borders impossible

As long as Russia has sufficient resources, there's no way this will happen, Valery Zaluzhny said

Kalashnikov gunmaker produces first serial batch of RPL-20 machine-guns

The new 5.45mm RPL-20 belt-fed hand-held machine-gun is designed to provide fire support for assault units, Kalashnikov Group Director General Alan Lushnikov said

Air defenses repelled attack of three more drones — Moscow Mayor

Specialists of emergency services are working on the crash site," Sergey Sobyaninwrote

Oil leak occurs in pipeline in Northwest Libya — company

Oil deliveries from the Hamada Oilfield over this pipeline were halted immediately, NOC noted

EU may propose cutting Russian oil price ceiling to $45, banning Nord Stream — Bloomberg

The EU is also weighing additional transaction bans on about two dozen banks and some $2.84 billion worth of fresh trade restrictions as it seeks to further curtail Russia’s revenues and ability to get its hands on the technology needed to make weapons

Inflation in Russia equals 0.07% from May 13 to 19 — Rosstat

Consumer prices in Russia have grown by 0.15% since the beginning of May

Russian stocks close mixed on Wednesday

The ruble-denominated MOEX Index fell by 0.49%, while the dollar-denominated RTS Index added 0.2%

By defying Western coalition, Russia saves world from wider war — opposition politician

Viktor Medvedchuk noted that Russia has always fought against Western expansion

JD Vance acknowledges end to uncontested US dominance

Vance maintained that today, we face serious threats in China, Russia, and other nations determined to beat us in every single domain - from spectrum to low Earth orbit, to our supply chains, and even our communication infrastructure

UAE registers record high temperature in May for second day in row

The figure is just 0.4 degrees short of the absolute temperature record in the history of the UAE, registered in 2010 on Al Yasat Island

Trade turnover between Georgia, Russia up 2.6% in January-April 2025

Turkey was Georgia’s biggest trade partner in the period, with mutual trade turnover equaling over $914 mln

Russia’s move to propose POW swap with Ukraine disproves idea it doesn’t want talks — MFA

The exchange is happening due to Russia’s initiative and without delay, Russian Foreign Ministry Spokeswoman Maria Zakharova stressed

USAID told Zelensky to unleash war with Russia over Donbass, former Ukrainian PM says

According to Nikolay Azarov, using the rhetoric on Ukraine’s accession to NATO and the EU was also among these compulsory instructions for Zelensky, although it was indicated that no such thing would happen

NATO establishes new 'strike fist' near Russia's western borders — Shoigu

The Russian official highlighted that NATO was transitioning to a new combat readiness system, capable of deploying a force of 100,000 troops within 10 days, 300,000 within 30 days, and up to 800,000 after 180 days

Sudan receives from Russia data important for restoration of its mining industry

The technical arm of Sudanese Ministry of Minerals revealed that it had lost all its geological maps and technical reports due to the war

Malaysian PM Ibrahim visits Russian exposition at LIMA 2025 arms show

The Malaysian Armed Forces continue to operate Russian-made equipment, including aircraft, helicopters, and ground and air defense systems, purchased earlier, Rosoboronexport quoted its CEO Alexander Mikheyev as saying earlier

Russian tech firm designs new remotely controlled ground-based robotic vehicle

In December 2024, the High Precision Systems Holding Company demonstrated maneuverable capabilities of the Karakal new remotely controlled tracked robotic vehicle with a lifting capacity of up to 500 kg

EU unlikely to evade responsibility for its actions in Ukraine conflict — Lavrov

The Russian foreign minister emphasized that public statements by European leaders indicate their intention to continue supplying arms to the Kiev regime

Israel deploys all its regular infantry, armor brigades — report

The forces have been assembled as part of preparations for intensified fighting in the Strip, according to the Times of Israel

Erdogan says important to maintain Syria’s territorial integrity

The visit of the Syrian president to Turkey was unannounced

EU Council to discuss on May 27 depriving Hungary of vote

"Ministers will hold the eight hearing of Hungary as part of the Article 7 procedure triggered by the European Parliament’s reasoned proposal of September 2018," the program says

Japan shells west of Kunashir island without warning

Japan has not received any notices or protests from Russia after the incident

Serbia joins Single Euro Payments Area

Practical use of SEPA standards in Serbia is expected to start in May 2026

Russia begins construction of the first PAK DA strategic bomber - sources

The final assembly of the entire machine should be complete in 2021

Plane with Russian soldiers returned from Ukrainian captivity lands near Moscow

The servicemen will undergo treatment and rehabilitation at the Russian defense ministry’s medical establishments

Hellfire missiles fired for first time on Finnish soil during exercise

Exercise Northern Strike 125 and Exercise Northern Star 25 are taking place from May 12 to May 31

Iran, US hope for progress in talks on nuclear program soon — MFA

Thanks to Oman's work to remove obstacles, a possibility to make progress exists, the Iranian Foreign Minister Abbas Araghchi said

Ukraine launches over 140 UAVs, fires 69 ammunition rounds at Belgorod Region overnight

Drones attacked settlements 19 times in the Belgorod Region

Ruble-denominated savings of Russian households rise by 1.8% in April

Meanwhile, the volume of ruble-denominated funds raised by VTB over the first four months of the year grew by more than $4.75 bln

German experts cut 2025 GDP growth forecast to zero

In their fall forecast, the experts had expected Germany’s GDP to grow by 0.4% in 2025

Russia being rated by CCXI means partners’ confidence in it — ministry

According to the statement, the Russian economy remains stable despite the sanctions pressure

Israel attacks 100 radical military targets in Gaza Strip over day

The ministry added that Israeli troops "destroyed a number of terrorists" in the Gaza Strip as part of Operation Gideon's Chariots

Lavrov to share his vision of global situation at annual meeting of Russia’s oldest NGO

Russian Foreign Minister is expected to address the first session, titled "Global Changes and Russian Policies"

Procedure of USSR dissolution in 1991 was violated — presidential adviser

Anton Kobyakov emphasized that a proper legal assessment of the USSR's dissolution is essential to fully understand current geopolitical developments

French authorities blame Cannes blackout on sabotage attack — report

According to France 3, one of the two malicious acts that led to the blackout was arson committed at the high-voltage substation in the Tanneron commune

Zelensky's office ignores heavy manpower losses — MP

Dmitry Razumkov noted that the situation is similar across the entire front, in many units

Russian troops liberate six communities in Ukraine operation over week — top brass

Russian forces deliver 12 precision strikes on Ukrainian military sites over week

Net Profit of MTS bank falls to $13.24 mln in Q1 2025

According to the report, MTS Bank’s assets in the Q1 increased by 4.22%, reaching $7.84 bln

Europe unable to continue Ukraine conflict without US — expert

Helga Zepp-LaRouche, founder of the Schiller Institute, also pointed to the low level of public support for the governments in the countries that make up "the coalition of the willing"

Million-strong army in politically volatile Ukraine to pose threat to EU security — Orban

The Hungarian prime minister noted that there was no assurance that Ukraine – or its armed forces – would maintain a cooperative attitude toward EU nations

Russian helicopters prove highly effective in real combat conditions — defense agency

According to the statement, most international experts have recognized the Ka-52 as the best in the world market’s segment combat reconnaissance/attack gunships

Ovechkin's wife says he, family coming to Russia

Ovechkin broke Wayne Gretzky's record for the most goals in regular seasons

Trump says US makes lots of hypersonic missiles

He also reiterated the assertion that Russia was able to build its own hypersonic missiles after getting certain data from the US during President Barak Obama administration

Russia’s IGLA cartridges can penetrate drones down to circuit board — design firm

The cartridges contain striking elements made of an alloy of tungsten, nickel and iron, which makes pellets harder and heavier and helps inflict maximum damage on the target

Russian forces can launch artillery strikes on military targets in Sumy as they advance

"Our troops have pushed quite deep into the enemy defense in the Sumy sector of the line of engagement", military expert Andrey Marochko said

Air travel temporarily restricted at Zhukovsky airport

Restrictions are still in force in the airports of Tambov and Kaluga now

Russia says its Iskander missile hit container ship carrying drones to Ukraine

"As a result of the fire impact on these targets there was a secondary detonation of the ammunition and containers that were stored on the pier, as well as a heavy fire," the Russian Defense Ministry said

Russian Army enters Yunakovka in Ukraine’s Sumy region — military expert

According to Andrey Marochko, it served as a logistics hub for moving Ukrainian militants to the Kursk Region

Three people injured in UAV attack in Tula Region

According to the head of the region, a drone damaged a natural gas pipeline at a Novomoskovsk enterprise

Crew killed as Mi-8 helicopter crashes in Russia’s Oryol Region

According to preliminary reports, the crash was caused by a technical malfunction

Trump recommends setting 50% tariff on EU goods

The US president stressed that discussions with the EU "are going nowhere"

Temporary restrictions again in effect in Zhukovsky Airport

Restrictions were introduced earlier in Domodedovo, Vnukovo, Sheremetyevo and Kurumoch Airports

MOEX Index up 0.22% as morning trading session opens

As of 7:10 a.m. Moscow time, the MOEX Index was up by 0.19% at 2,815 points

Russia having economic boom, debts growing in the West — news portal

The news outlet also predicts "even greater" growth for defense spending than expected, following the escalation of the Palestinian-Israeli conflict in October

Hungary wants to prevent total EU ban on Russian oil, gas supplies — Orban

Brussels intends to cut off gas and oil supplies from Russia, "this means additional costs of 800 billion forints for Hungary," the minister said

Russian forces wipe out Ukraine’s heavy equipment near Orekhov — official

The official noted that thanks to reconnaissance capabilities, Russian units in the Orekhov direction are able to detect the movement of enemy equipment practically in real time

West divided over Ukraine conflict, founder of Schiller Institute says

According to Helga Zepp-LaRouche, there is no unity in NATO about this question

Rosatom doing its best to start construction of Paks-2 NPP this year — CEO

The Paks NPP, which was built with Soviet technologies, and which uses Russian nuclear fuel, provides half of all generated and one third of consumed electricity in Hungary

Turkish foreign minister to visit Russia on May 26-27 — Turkish Foreign Ministry sources

The sources said there are plans to exchange views on regional and international issues, including Syria, Gaza and the South Caucasus

Air defenses thwarted attack of two drones — Moscow Mayor

"Specialists of emergency services are working on the crash site," Sergey Sobyanin added

Russian aircraft destroy Ukraine’s Buk missile system - Defense Ministry

According to the ministry, the targets were destroyed by air-to-surface missiles

Frustration grows amid increasing signs US could wash hands of Ukraine — Guardian

On May 19, Putin and Trump talked over the telephone for more than two hours, during which they discussed, first of all, ways to overcome the conflict in Ukraine

Kiev’s militants deploy field crematoria on border between DPR, Dnepropetrovsk Region

According to the official, the field crematoria were set up primarily to hide Ukraine’s troop losses

Iran to allow monitoring of its nuclear activities if sanctions lifted — minister

The fifth round of negotiations between Iran and the United States will take place in Rome on May 23

Telegram’s 2024 profit totals $540 mln — FT

In 2025, the company expects to reach $2 bln in revenue and increase its profit to $720 mln

Russian Army has around 7 km to go to reach outskirts of Konstantinovka in Donbass region

According to Marochko, the Russian Army has been actively advancing

Merz to quell debates on potential reactivation of Nord Stream project — FT

Adding Nord Stream to the EU sanctions list "potentially removes a political problem for the German Chancellor", the newspaper said

Major power outage disrupts Cannes Film Festival in France

The blackout was caused by a series of accidents, power grid operator RTE said

Russian Army creates fire pockets for Ukrainian troops near Krasnoarmeysk — expert

While the military expert described the situation near Krasnoarmeysk as "stably tense," the Armed Forces of the Russian Federation have the momentum, Andrey Marochko said

Medvedev rejects accusations of Russia’s ‘disproportionate use of force’

There were several explosions in Kiev this night

Slovak party to demand compensation from Ukraine for assistance — agency

Granting Washington exclusive rights to Ukrainian minerals is contrary to logic and ethics, Zuzana Shkoptsova, head of the secretariat of the chairman of the Slovak National Party, told TASR

Russia’s export duty on wheat to be $17.16 per metric ton from May 28

The duty on the export of barley will be zero

Russian MFA says French authorities arrested Telegram’s Durov to influence Romanian vote

French President Emmanuel Macron had Pavel Durov arrested, "as he understood that the candidate from liberal dictatorship was unable to win under any legitimate setups," Russian Foreign Ministry Spokeswoman Maria Zakharova said

Hong Kong banks not obliged to follow anti-Russian sanctions — regulator

It is reported that Russian holders of active accounts in this bank, which is the largest in the region, are deprived of the opportunity to purchase securities or any investment products.

Russian Defense Ministry says Ukraine loses 1,330 soldiers over day

Over the past day, Ukraine lost a tank and 31 armored combat vehicles

Moscow says shelling of Kramatorsk by Ukraine confirms Russian operation is justified

The Russian Foreign Ministry expressed confidence that Kiev won’t be able to evade responsibility for the shelling of civilians in Kramatorsk

Islamic banking should be expanded, both banks and businesses show interest — ARB

Anatoly Kozlachkov, head of the Association of Russian Banks, added that currently, six banks are involved in the pilot program

Trump emphasizes that Ukrainian conflict 'not his war' — Lavrov

As the Russian foreign minister underlined, the US leader's position that Washington is guided by national interests extends to the Ukrainian situation as well

Aviation agency says many countries ready to resume air traffic with Russia

According to Dmitry Yadrov, Russian airlines are ready to fly to certain countries, but they need guarantees that their aircraft will receive necessary maintenance and will not be subject to sanctions-related restrictions

Top US diplomat favors new anti-Russia sanctions, Trump opposes them — magazine

According to the report, Marco Rubio wants Congress to move on the Graham bill because it’s got a veto-proof majority in the Senate and it would scuttle any reset with Moscow

Russian troops to receive new thermal imagers for military equipment control — Rostec

The thermal imager is made of domestic components

Russia needs to strengthen positions in global arms markets — Putin

There is a need for proactive buildup of volumes of export supplies, the head of state stressed

Russia to send draft memorandum on Ukraine to Kiev in coming days — senator

As Russian President Vladimir Putin said following a telephone conversation with US Leader Donald Trump, Moscow is ready to work with Kiev on a memorandum on a future peace treaty, which may include a ceasefire and principles for resolving the conflict

US Department of State issues 180-day waiver on anti-Syrian sanctions

The move will facilitate the provision of electricity and water in Syria

Bank of Russia sells yuan worth $83 mln with settlements on May 21

The Central Bank sold yuan on the domestic market with settlements on May 20, 2025 in the amount of 6.5 bln rubles

Trump says won’t cut US defense budget

"We can cut plenty of other things," the president said

US refusing from policy of interfering into other countries’ affairs — JD Vance

The US Vice President noted that it was "a generational shift in policy"

Russia winning drone race against Ukraine — The Times

According to the British newspaper, a new generation of Russian FPV drones and their fiber optic variants have reshaped the front line and the tactics of warfare

Ovechkin arrives in Russia — source

"Alexander arrived at Domodedovo Airport," the source said

US openly concedes Ukraine's borders can't return to 1991 lines — Lavrov

The Russian foreign minister pointed out that Moscow will draft a memorandum on Ukraine that addresses the root causes of the Ukrainian conflict that, in his words, must be removed "like a cancerous tumor"

Press review: Russia eyes Vatican talks and EU prepared for trade truce with US

Top stories from the Russian press on Friday, May 23rd

Around 900,000 foreign nationals visited Russia in Q1

The deputy prime minister Dmitry Chernyshenko added that inbound tourism to Russia is expected to increase by approximately 15% this year compared to the previous year

German-made Leopard tanks inferior to Russian armor — Rostec

The state tech corporation said that Russian-made T-72B3M, T-80BVM and T-90M vehicles are the serial-produced tanks best adapted to modern warfare

Existence of Pacific fleet is vital for Russia’s defense in Far East — Navy commander

"At present, the Pacific Fleet is a powerful and balanced group of forces", - admiral Alexander Moiseyev said

First foreign customer to start operation of Su-57E fifth-generation fighter in 2025

The Su-57 is the world’s sole fifth-generation fighter that has proven its ability in a real combat environment to efficiently counter Western-made air defense systems

West ambivalent about strengthening multipolarity — Lavrov

According to Lavrov, the most important core trend remains the formation of a multipolar world

Musk announces renewed focus on business following X outages

Major operational improvements need to be made, he noted

Anapa's summer season to proceed despite beach closures — deputy PM

Dmitry Chernyshenko emphasized that Anapa and the Temryuksky district are organizing an extensive summer event program, featuring gastronomic and sports festivals, as well as winery tours. Sanatoriums and hotels with swimming pools are fully prepared to welcome tourists

	
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