Kremlin

Russia's wartime economy faces strain from debt, military spending

The frictions in Russia's wartime economy are growing, as massive military spending balloons the budget deficit. Consumers and businesses are gloomier. Growth has slowed. None of that, however, signals an imminent financial crisis or economic collapse, economists say. With crucial oil export revenues holding up due to high prices from the Iran war, the government is able to find the money to pay for its four-and-a-half-year-old invasion of Ukraine, at least for now. Meanwhile, low unemployment and government largesse in poor regions help keep a lid on consumer grumbling. That picture suits the Kremlin's narrative of stability ahead of Russia's stage-managed parliamentary election that got underway Friday and concludes Sunday. But economists warn that longer-term problems are gnawing at the foundations - and could one day result in a crisis. Consumers and businesses are more pessimistic --------------------------------------------------------- Indicators of consumer sentiment hav

Ukraine to halt Russia strikes if Kremlin spares critical infra: Zelenskyy

President Volodymyr Zelenskyy said Monday that Ukraine is ready to halt its strikes on Russian territory if allies can secure a genuine Russian commitment not to hit Ukraine's critical infrastructure. His comments came after US President Donald Trump claimed in a social media post that Russia and Ukraine had agreed "not to hit" each other's energy infrastructure, though Trump did not offer further details on the purported agreement. Russia did not immediately comment on Trump's claim. Previous efforts to broker even a partial ceasefire have repeatedly fallen apart within hours, with both sides accusing each other of violations. Trump did not offer further details about the agreement but it comes a day after the US president called on Zelenskyy to stop targeting Russian oil refineries and other infrastructure used to produce and distribute diesel, claiming the attacks are causing a global shortage. Diesel prices have surged in the US, and high fuel costs associated with the Iran war

At Brics summit, Modi, Xi offered to help Putin end Ukraine war: Kremlin

India and China told Russian President Vladimir Putin they were ready to help end the Ukraine conflict, with Moscow welcoming efforts to encourage Kyiv to show greater flexibility

Zelenskyy aide sees Ukraine nearing deal; Kremlin plays down US talks

Kremlin says Putin envoy's US visit does not mean Ukraine talks have resumed

Iran has not approached Russia for arms supplies, says Kremlin

Kremlin says Iran has not sought Russian arms, even as Moscow condemns US-Israeli strikes and deepens strategic, nuclear and defence cooperation with Tehran

Putin in contact with Gulf leaders to facilitate de-escalation: Kremlin

Russian President Vladimir Putin is making all possible efforts to de-escalate the crisis in the Gulf and is in close contact with the regional leaders as Iran is retaliating with massive strikes on the US facilities and infrastructure on their territories, the Kremlin said on Tuesday. The US and Israel launched joint strikes against Iran on Saturday, assassinating 86-year-old Supreme Leader Ayatollah Ali Khamenei, alongside family members, including his daughter and grandchildren. Since then, Iran has targeted multiple US bases in the surrounding Gulf States. "Putin will certainly make every effort to facilitate at least a minor easing of tensions. In this regard, we discussed with virtually all of our interlocutors yesterday," the Kremlin spokesman Dmitry Peskov said. "Taking advantage of the dialogue we maintain with the Iranian leadership, (President) Putin will convey his deep concern regarding the strikes on their infrastructure to our colleagues in Iran," he added. According

Dollar trade with US aligns with Russia's national currency policy: Kremlin

The trade with the US in dollars does not contradict Russia's principle policy of use of national currencies in foreign transactions, the Kremlin said Saturday. Russia switched to the use of national currencies in foreign trade after its USD and Euro accounts were frozen by the West following the outbreak of the 2022 conflict with Ukraine and has been pushing for a global de-dollarisation trend. In an interview to the state-run TASS news agency, the Kremlin spokesperson Dmitry Peskov pointed that the dollar is the national currency of the United States, so its use in transactions with Washington will not conflict with the principle of transitioning to national currencies. "In general, yes," the Kremlin spokesman agreed with the thesis about the dollar as the national currency in Russian-American trade and that its use will not fundamentally affect Russia's interactions with its current partners. Amid reports of bilateral negotiations to expand economic cooperation between Moscow an

Next round of peace talks on Ukraine is set for next week: Kremlin

Kremlin says next Ukraine peace talks will be held next week, as reports suggest a possible US-proposed trilateral meeting in Miami

Kremlin says Russia will uphold nuclear stability after New START expires

Kremlin spokesman Dmitry Peskov said the New START treaty, which set limits on each side's missiles, launchers and strategic warheads, would lapse at the end of Thursday

India free to buy oil from any supplier, diversification not new: Kremlin

India is free to buy oil from any country, and there is nothing new about its decision to diversify its crude suppliers, the Kremlin said on Wednesday. "We, along with all other international energy experts, are well aware that Russia is not the only supplier of oil and petroleum products to India. India has always purchased these products from other countries. Therefore, we see nothing new here," Kremlin Spokesman Dmitry Peskov said while responding to a question. He was asked about US President Donald Trump's claim that Prime Minister Narendra Modi had agreed to stop buying Russian oil and switch to purchasing crude from the United States and, potentially, from Venezuela. A day earlier, Peskov said that Russia has not received any statements from India regarding the cessation of Russian oil purchases. Private Kommersant FM business radio noted that, unlike President Trump, PM Modi did not mention any agreement on stopping Russian oil imports. Igor Yushkov, a leading expert at th

No clarity yet: Kremlin on India halting Russian oil imports after US deal

Kremlin spokesman Dmitry Peskov said Russia is closely examining US President Donald Trump's comments on ties with India and, as of now, has not received any statements from New Delhi

Russia expects India's reduced oil imports to recover soon despite US curbs

Kremlin spokesperson Dmitry Peskov said Russia remains an important supplier of energy to India and called for the set-up of trade mechanisms that cannot be affected by third countries

Putin-Trump summit may happen within 2 weeks, preparations ongoing: Kremlin

Trump and Putin agreed on Thursday to a hold a second summit on the war in Ukraine, provisionally in Budapest, following an August 15 meeting in Alaska that failed to produce a breakthrough

Russia welcomes Trump's intentions to end war in Ukraine, says Kremlin

US President Donald Trump on Monday said that his peacemaking efforts don't stop at Gaza, and he wants to get Russia to end its war against Ukraine

Kremlin warns the West over 'dramatic' escalation moment in Ukraine war

Tomahawk missiles have a range of 2,500 km (1,550 miles), meaning Ukraine would be able to use them for long-range strikes deep inside Russia, including Moscow

Surviving Nord Stream gas pipeline can be reactivated quickly, says Kremlin

The Nord Stream system consists of two double pipelines, Nord Stream 1 (NS1) and Nord Stream 2 (NS2), running under the Baltic Sea to Germany

Kremlin says Trump claims on war in Ukraine mistaken, offers 'real info'

The Kremlin countered that the Russian economy was stable, despite some problems caused by sanctions

Europe is hindering Trump's peace efforts on Ukraine, says Kremlin

Kremlin spokesman Dmitry Peskov told Russian state media reporters that the "European party of war" was continuing to hinder U.S. and Russian efforts on Ukraine

Putin to visit India in December as ties deepen amid US tariffs: Kremlin

PM Modi and Putin will also meet on the sidelines of the Shanghai Cooperation Organisation (SCO) Summit in China's Tianjin, scheduled for August 31 to September 1

Can Russia-India-China overcome history to form a credible alliance?

The gathering of three nations in Tianjin will offer the opportunity for the optics of warmer ties, but it will be more symbolism than substance