{{dayPoint.date | date : 'd MMMM yyyy'}}

{{newsPoint.title}}

{{newsPoint.title+ ' '}}

{{newsPoint.subtitle}}

Europe loses some $1.14 trillion by cutting Russian natural gas supplies — RDIF chief

Special Representative of Russian President for investment and economic cooperation Kirill Dmitriev added that at the same time the US losses from imposed sanctions against Russia exceeded $300 billion

© Vladimir Smirnov/TASS

ST. PETERSBURG, June 19. /TASS/. The overall European economy’s losses from the reduction of Russian natural gas supplies have already exceeded 1 trillion euros (over $1,145 trillion), Chief Executive Officer of Russian Direct Investment Fund (RDIF), Special Representative of Russian President for investment and economic cooperation Kirill Dmitriev said.

"This is definitely more than one trillion of Euros [some $1,145 trillion]; this is important because we have a figure for the European Union," Dmitriev said speaking at the sidelines of the 2025 St. Petersburg International Economic Forum (SPIEF) in response to a question about EU’s estimated losses regarding the cuts in Russia’s natural gas supplies.

He added that at the same time the US losses from imposed sanctions against Russia exceeded $300 billion.

"It is remarkable that [US] President [Donald] Trump mentioned it a couple of days ago, this is the first recognition from the United States that sanctions are harming American business," Dmitriev said.

"This is a landmark event, and we will carry on with making such assessments," he added.

The St. Petersburg International Economic Forum (SPIEF) is taking place on June 18-21. This year, the event is held under the theme "Shared Values: The Foundation of Growth in a Multipolar World." Thematic zones such as the ‘Territory of Innovations’ and the national brand space ‘Buy Russian!’ will operate at the Forum.

The program includes the SME Forum, the Creative Industries Forum, the Day of the Future International Youth Economic Forum, the Drug Security Forum, and the Roscongress Urban Hub discussion platform. As part of the cultural program, the Petersburg Seasons festival will be held, and the SPIEF Sports Games will take place.

The Roscongress Foundation is the organizer of the St. Petersburg International Economic Forum. TASS is its information partner.

Tags

SPIEF 2025 draws delegations from 144 countries

Kobyakov emphasized that such events contribute to a renewed impetus in both economic cooperation and broader international relations

China barely affected by US trade restrictions — Rosneft CEO

On the contrary, he added, the World Bank in its latest report lowered its forecast for US GDP growth this year to 1.4%

FACTBOX: Putin names five steps to change national economic structure

The Russian economy should be more technologically advanced

Putin says Russia ranks first in Europe in terms of GDP

The Russian leader stressed that these are very significant indices

RDIF head confident Putin’s SPIEF comments to be heard all over world

Kirill Dmitriev was asked whether the United States would listen to what the Russian leader had to say today, including on Iran and Ukraine

New world order is emerging naturally, like rising sun — Putin

"Our role is to formalize this process and facilitate it, ensuring it develops in a more balanced way that aligns with the interests of the vast majority of nations," the Russian president said

TASS elected OANA chair for next three years

The voting was held at a plenary meeting of the 19th General Assembly of the organization in St. Petersburg

Russia demands official apology from Rome over 'monstrous' Kremlin post — diplomat

According to Maria Zakharova, "the situation with free speech in Italy has reached a really frightening stage"

Moderate earthquake hits northern Iran

No casualties or damage were reported

US has not achieved its energy policy goals, reduced oil production — Rosneft CEO

The St. Petersburg International Economic Forum is taking place on June 18-21

Iran shoots down fifth Israeli F-35 — municipal authorities

According to the report, the fighter plane was taken down in the Javadabad area of the Varamin municipal district

Russia’s debt burden among the lowest in the world — Putin

The Russian leader emphasized that a more meaningful economic indicator is the GDP growth rate

US not ready to discuss potential impact of Israel’s strikes on Iran’s Bushehr NPP

"I'm not going to speculate on a hypothetical dynamic at this point," US State Department Spokesperson Tammy Bruce said

Press review: US may abandon Ukraine talks as Mideast braces for escalation

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

Only Trump can make decisions on Russia, Ukraine — Department of State

The United States closely watched the negotiations between Moscow and Kiev, US Department of State Spokesperson Tammy Bruce said

China uses US efforts to stifle its growth as fuel to surge forward — deputy premier

"As China has proven in recent years, the stronger the blow, the swifter the progress and development," Ding Xuexiang said

Largest protest since declaration of martial law takes place in Kiev

The protesters gathered downtown near the entrance to the House of Trade Unions, which was cordoned off by the police

Mounting costs may prevent Israel from conducting lengthy war against Iran — newspaper

According to The Wall Street Journal, air defenses alone can amount to $200 million a day, while ammunition and aircraft also add to the price tag of the war

NATO members realize they are nothing without US — Kneissl

Only time can show how long will NATO continue to exist, ex-Austrian foreign minister and head of the Geopolitical Observatory for Russia’s Key Issues said

Trump says might support ceasefire between Israel, Iran

"It's very hard to stop," US President noted speaking about Israel and Iran exchanging strikes

Press review: Washington mulls Iran strike as Russia and US plan 15 joint ventures by 2025

Top stories from the Russian press on Thursday, June 19th

Iraq extends ban on flights in its airspace for another 24 hours — air traffic controllers

This will be the ninth day of ban on civilian air traffic in the region

US could strike Iran as soon as next weekend — Hersh

According to the American journalist Seymour Hersh, the operation will "entail heavy American bombing"

Iran has right to peaceful use of nuclear technology — Putin

On the night of June 13, Israel launched a military operation against Iran

Russian economy on brink of recession — economic development minister

Maxim Reshetnikov noted that figures point to slowdown

Ukraine tries to ‘prick’ Russia with story about returned Russian soldier’s body — source

Under the Istanbul agreements, Russia handed over 6,060 bodies of deceased Ukrainian servicemen to Ukraine, while Kiev returned only 78 bodies to Moscow

Putin points to Israel's huge Russian-speaking demographic

The Russian leader also noted that Russia has traditionally friendly allied relations with the Arab and Islamic world

Vital to avoid 'internationalization' of Israel-Iran conflict — Russia's UN envoy

Russia observes extremely dangerous attempts to drag third countries into the confrontation, Vasily Nebenzya said

Downed F-35, US fleet withdrawal, secret Chinese flights: news on Israel-Iran conflict

On Wednesday morning, 50 Israeli Air Force fighter jets struck Iranian facilities used in the production of uranium enrichment centrifuges

Many Donbass mineral reserves classified under Stalin — Donbass head

Denis Pushilin said that many deposits are still classified

Russia never questioned Ukraine’s right to independence — Putin

The Russian president noted that the right thing would be to come back to these fundamental values at the core of Ukraine’s independence and sovereignty

Deliveries of drones to Russian armed forces grew by tenfolds — official

In Viktor Yevtukhov words, "the demand for drones will only grow" in the future

Russian Armed Forces liberate Zaporozhye settlement in Donetsk People’s Republic

At the same time, Ukrainian armed forces sustained losses exceeding 1,350 servicemen over the past 24 hours in the zone of the special military operation

Tornado-S rockets effectively break through Ukrainian air defense

The rockets have an advanced inertial guidance system that successfully operates in conditions of satellite channel jamming, which is important in modern war that uses a lot of electronic warfare systems

Iran's strikes on Israel target military facilities, decision-making centers — MFA

Deputy Foreign Minister Saeed Khatibzadeh indicated that a de-escalation could be possible, if the attacks cease

Putin not ruling out taking control over Sumy, but says there is no such goal now

The Russian president said that Russia's actions are caused, among other things, by the constant shelling of the country's border territories by the Ukrainian forces

Another Iranian missile attack reported in Israel, explosions heard

Shortly after the report, the IDF announced "a series of strikes against missile storage and launching infrastructure sites in central Iran"

Putin notes six waves of NATO’s eastward expansion since 1990s

Since the early 90s and over decades, we have been told that in no case NATO would expand eastward, the Russian president said

West using topic of Ukraine to distract attention from Middle East — Russian diplomat

According to Vasily Nebenzya, Western countries are obviously seeking to demonize Russia and keep afloat the unconvincing narrative picturing Ukraine as a victim and Russia as an aggressor

Using 'dirty bomb' against Russia to be Ukraine’s last mistake, Putin says

"This would be a colossal mistake on the part of those Russia is calling the neo-Nazis on the territory of current Ukraine," the Russian leader said

Iran says it used undetectable missiles to strike Mossad headquarters

According to the Iranian official, the attack came as a surprise for the Israel

Russia got assurances from Netanyahu, Trump that staff at Bushehr NPP will be safe — Putin

According to the president, Russia relied "on the certain level of relations with Israel, on the recovering relations with the United States"

Ukraine must not acquire nuclear weapons — Putin

According to Putin, these conditions form the foundation for long-term regional stability

Immediate negotiations with Russia are Ukraine’s only chance — envoy to UN

Vasily Nebenzya thanked the United States for supporting the direct dialogue between Moscow and Kiev

UK Foreign Office: 14 European countries to step up fight against Russia's 'shadow fleet'

The representatives of 14 European countries have promised to "take appropriate action within international law," if vessels "fail to fly a valid flag in the Baltic Sea and the North Sea"

Russian activist, founder of 'Army of Beauties' sentenced to 22 years for state treason

According to the investigation, Nadezhda Rossinskaya systematically raised funds for the Ukrainian army, disguising them as humanitarian projects and partially transferring them to a terrorist organization banned in Russia

IAEA has no evidence Iran is developing nuclear weapons — Putin

As Putin emphasized, if Israel "has certain concerns, they must be addressed

Putin hopes Israeli threats toward Khamenei just words

Earlier, Israeli Defense Minister Israel Katz called one of the goals of the military operation against Iran was that Khamenei "cease to exist"

Trump says he struggles to understand why Iran needs nuclear energy when it has oil

"You know, they're sitting on the top of one of the largest piles of oil in the world," US President said

Russia ready to continue cooperation with OPEC — Putin

"On our side, we will be glad to see you at the traditional Russian Energy Week in Moscow," the Russian president said at the meeting with OPEC Secretary General Haitham Al Ghais

Former Spartak Moscow FC striker Promes taken to Netherlands

According to the report, two military police vans were seen leaving the airport, one of them presumably carrying Promes

Israel attacks Iran’s Rasht off Caspian Sea coast

The strike was delivered on the territory of the Sefidrud Technology Park

Russian army starts fighting for Kupyansk by liberating Kharkov Region’s Moskovka — expert

Andrey Marochko said the settlement is actually a suburb of Kupyansk

China, Russia shining example of scientific, technical alliance — China’s vice premier

As an example of cooperation in the field of education, Ding Xuexiang cited how the two countries worked together to found 15 specialized universities

Putin says not even discussing possibility of Ayatollah Khamenei’s assassination

Russian President said at a meeting with the heads of the world's leading news agencies organized by TASS, when asked what Russia's reaction would be if Israel were to assassinate the ayatollah

Moscow acts in full compliance with Russia-Iran treaty amid Middle East flareup — diplomat

"Hence such intensive contacts of our head of state with the conflicting sides, regional players, all the countries involved," Maria Zakharova said

Israel’s Iron Dome intercepted 65% of Iranian missiles over past day, news report says

According to the official, Iranian missiles are equipped with a navigation system for the final phase of their flight that helps them accurately hit designated targets

Western media coverage of Iran-Israel conflict overlooks nuclear risk element — MFA

Maria Zakharova warned against assuming that just because so-called "precision strikes" are being carried out, a nuclear disaster is out of the question

Russian forces can easily liberate Sumy due to crisis in Ukrainian army ranks — expert

"This is not a major issue for our armed forces, this is quite a realistic task given the current personnel crisis in the Ukrainian army," Yan Gagin said

EU wants government change in Russia, like Israel wants in Iran — expert

"They are working to topple a government of a country," former Austrian foreign minister Karin Kneissl said

For Russia, Zelensky's signature holds no weight, Ukraine’s opposition politician says

Viktor Medvedchuk explained that the Ukrainian state is currently in a state of decline, primarily due to internal factors

Israel again under fire from Iran, with about 25 missiles launched

According to the report, sirens went off in areas including near Tel Aviv, and at least one loud explosion was heard during the attack

Kneissl doubts that EU will exist in its present form few years later

Kneissl went on to say that since mid 1990s, the European Union has been expanding without deepening integration

Trump sees progress in Ukrainian reconciliation process

US President didn't go into details

Russian Air Defense downs 4 JDAM bombs, 97 Ukrainian UAVs in past 24 Hours

The report also noted that since the beginning of the special military operation, Russian forces have destroyed a total of 663 aircraft, 283 helicopters, 64,682 UAVs, 611 surface-to-air missile systems, 23,997 tanks and other armored combat vehicles, 1,572 multiple-launch rocket system vehicles, 26,451 artillery pieces and mortars, and 37,102 units of special military automotive equipment

Iran will be ready to attack US military in Middle East — top diplomat

"That's quite understandable, and self defense is a legitimate rights of every country," Abbas Araghchi said

Trump will do his best to resolve conflict with Iran diplomatically — Vance

The vice president added that Trump is "not going to tell anybody exactly when or what he's going to do"

Putin admits worried about threat of World War III

"There is a lot of conflict potential, it is growing," the Russian president said

Putin gives interview to Sky News Arabia

Russian President does it after the plenary session of the St. Petersburg International Economic Forum

Trump fears Iran may turn into 'another Libya' — NYP

According to information obtained by New York Post, Trump favors limited strikes on Iran’s nuclear sites in Natanz and Fordow

Trump says he gives Iran two weeks for diplomacy

"I would say two weeks would be the maximum," US President noted

Russia handed over to Ukraine its best peace proposal, advises to accept it — diplomat

Vasily Nebenzya added that the document was based on principles voiced by Russian President Vladimir Putin in June 2024

Russia concerned about Iran's nuclear infrastructure given recent events — Putin

The Russian leader said that he was worried about what this could lead to

Russia intends to withdraw from agreement on military-technical cooperation with Germany

The Russian Foreign Ministry emphasized that the German leadership is deliberately ideologically manipulating the German population in the anti-Russian direction, openly provoking the exacerbation of the military-political situation

Kiev creates own problems after deciding to attack Russia’s Kursk Region — Putin

Kiev authorities personally formed a line of combat contact stretching along for almost two thousand kilometers, the Russian president said

Russia backs Iran’s fight for legitimate interests, peaceful nuclear program — Putin

The Russian president also commented on criticism in Western media that Moscow allegedly should have helped Iran against Israel

China ready to work with Russia to promote global multipolarity — vice premier

Ding Xuexiang stressed Beijing's readiness to work with Russia "to implement important agreements reached at the highest level, as well as to support each other on the path of development and prosperity"

Iran launches Sejil medium-range missile in combat conditions for first time — news agency

According to the Islamic Revolutionary Guard Corps, Tehran launched three such missiles into Israeli territory

US sees possibility of using tactical nuclear weapons in Iran — Fox News journalist

Earlier, The Guardian wrote that US President Donald Trump was not examining the possibility of using tactical nuclear weapons for a strike on the facility

Russia’s enemies hurt selves in trying to sink country’s economy — Putin

In particular, the decision not to use Russian energy resources has caused serious economic consequences for European countries, the Russian president reiterated

Russian Knyaz Vandal FPV drones destroy NATO equipment worth over $2bln since August 2024

The FPV jam-resistant drone was tested in August 2024 when Ukraine intruded into the Kursk region

Liberation of Kupyansk suburb creates logistics issues for Kiev forces — official

Vitaly Ganchev added that Moskovka was one of the settlements where the Kiev regime had pursued "decommunization and derussification"

Putin looks forward to visiting China

The Russian president noted that Russia-China relations continue to grow stronger

Strike on Iran will inevitably drag US into regional war — former Pentagon chief

Leon Panetta is convinced that the United States made a "terrible mistake" by going into Iraq in 2003, and believes that it should serve as a lesson for Trump

Russia plans to gradually increase production of aircraft — minister

According to Russian Minister of Industry and Trade Anton Alikhanov 23 MS-21 planes are currently at various stages of completion at the production in Irkutsk

Iran suspects US of using negotiations as cover-up for strike — foreign minister

"United States again to show their determination for going for a negotiated solution, or they have something else in their mind and they want to attack Iran anyway," Araghchi said.

Ukraine, Middle East, new world order: main points from Putin's keynote address at SPIEF

According to the Russian president, Russians and Ukrainians are one people

Russia’s security zone in Sumy Region is 10-12 km deep — Putin

As the Russian president pointed out, Russia "was forced to create security zones along the border" after the Ukrainian army was expelled from the Kursk Region

Ukraine, Russia exchange POWs as agreed in Istanbul — Russian Defense Ministry

Right now, Russian military personnel are in Belarus, where they are receiving psychological and medical assistance

Israeli top brass calls on people to be ready for long campaign against Iran

"Israel is preparing for a wide range of possible developments," Eyal Zamir said

Israel Defense Forces says it completed one more wave of strikes on Iran

A statement by the IDF press service says the attack involved 15 Israeli fighter jets

Nazi elements within Ukrainian leadership must be eliminated — Putin

Putin noted that in order to achieve a resolution to the conflict, Ukraine must recognize the results of the referendums held in Donbass and Novorossiya

Oil demand to remain high — Putin

OPEC expert estimates served as a basis to a significant degree when determining the strategy of Russia’s development and the energy sector development strategy, the Russian president added

Russia warns US against interfering in military actions against Iran — MFA

Maria Zakharova said that it would be an extremely dangerous step with unpredictable negative consequences

Russian forces 1 km away from Kupyansk after capturing Moskovka — analyst

Andrey Marochko noted that this is a very short distance

US use of nuclear weapons in Iran would lead to catastrophic developments — Kremlin

As Dmitry Peskov noted, there are so many speculations that "it’s impossible to comment on them"

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

Russian forces strike Ukrainian military-industrial, fuel and energy sites over week

No country’s security should come at expense of another’s — Putin

"I would like to emphasize that Russia has always stood for ensuring the security of each country without prejudice to the security of any other country," the Russian president said

China's new mosquito-sized drone could revolutionize military warfare, medicine — SCMP

According the newspaper, which cited military sources and TV channels, similar miniature bionic robots are best suited to reconnaissance and special missions on the battlefield

Russia ready to help Iran restore damaged nuclear facilities — Rosatom head

Alexey Likhachev said Germany had abandoned the Bushehr nuclear power station, damaged but later restored by Russian specialists

Putin meets with king of Bahrain’s advisor ahead of SPIEF plenary session

As Russian Presidential Aide Yury Ushakov announced, the meeting’s main topic was the Middle Eastern escalation