RUSSIA24 — Novorossiya
20260915 113300 UTC
375 transcript segments
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Machine transcription. Treat it as a searchable index of what was broadcast, not a verbatim quotation record.

[00:00:13] Domestic models of artificial intelligence, high technologies and large-scale scientific projects
[00:00:17] were discussed at the National Center of Russia. During the "Motherland is People" series, Deputy Prime Minister Dmitry
[00:00:21] Chernyshenko spoke about new educational and career
[00:00:24] initiatives for young people. The topic of
[00:00:27] unification of peoples
[00:00:30] aroused particular interest. The desire for unification has always been formed
[00:00:34] in response to great challenges, and our country, as you know, has faced
[00:00:37] challenges throughout its entire
[00:00:40] history. But, as a rule, all
[00:00:43] those who create these challenges for us do not achieve their goal; everything
[00:00:47] happens in reverse: unification around the Tsar,
[00:00:51] around the banner, around our President.
[00:00:54] And bright events, they truly also serve
[00:00:58] as a significant reason to... to comprehend something
[00:01:01] and truly
[00:01:03] unite.
[00:01:13] Russian products, thanks to their high quality and excellent taste, are very
[00:01:16] popular worldwide. This was stated by Deputy Prime Minister Dmitry Patrushev in a
[00:01:19] lecture during the "Knowledge is First" educational marathon. It is being held on
[00:01:23] the sidelines of the International Youth Forum in Yekaterinburg. The Deputy Prime Minister
[00:01:26] emphasized that our products are exported to more than... recently
[00:02:00] extremely responsibly, that is, we not only
[00:02:07] produce a lot of food, but we also share
[00:02:11] it, despite all challenges. Agricultural raw materials
[00:02:15] and food from Russia are represented in 160
[00:02:18] countries worldwide, which is more than
[00:02:21] 2/3 of the entire
[00:02:23] planet.
[00:03:02] Good afternoon, dear colleagues. Today we will consider in detail
[00:03:06] how the national model of target conditions for doing business is being implemented. We will
[00:03:09] outline steps for further
[00:03:13] increasing the effectiveness of adopted
[00:03:16] decisions to improve the business climate. This
[00:03:20] strategic document was prepared, I remind you, on the instruction of
[00:03:23] the President. Its key task is to help
[00:03:26] our country enter the top twenty world leaders
[00:03:30] in this area. Despite all existing challenges,
[00:03:33] Russia continues to develop. The government is forming
[00:03:37] a supply-side economy with an emphasis on
[00:03:40] supporting domestic production of finished products and
[00:03:44] components. Trade with friendly
[00:03:47] countries is expanding at double-digit rates, including due to
[00:03:51] supplies of our non-raw material, non-energy
[00:03:54] goods. National projects are also being consistently
[00:03:58] implemented, within the framework of which are resolved:
[00:05:00] from business taxation to innovations, patent
[00:05:03] law. More than 250 measures have been formed for
[00:05:07] their implementation. Working groups consisting
[00:05:10] mainly of business representatives and
[00:05:13] business associations are actively working this year.
[00:05:16] A number of important normative acts have been adopted. For
[00:05:19] example, the circle of potential participants in tenders for
[00:05:23] comprehensive territorial development was expanded. The law aimed
[00:05:27] at increasing the flexibility of labor relations was corrected. The
[00:05:30] deadlines for reviewing applications for inventions and utility
[00:05:34] models in the field of green technologies were reduced. Well,
[00:05:37] today we will discuss in detail how those initiatives
[00:05:41] that were developed within the framework of new business
[00:05:44] requests should operate, and how barriers identified based on the results of
[00:05:48] already implemented measures
[00:05:51] are eliminated. Dear colleagues, I draw your
[00:05:55] attention to the importance of using all available
[00:05:58] opportunities and resources in this work. Joint steps
[00:06:01] of the government, the Agency for Strategic Initiatives, and business communities should
[00:06:05] be aimed at creating additional
[00:06:08] effective tools, those that will allow dynamic
[00:06:11] progress in improving investment conditions in
[00:06:14] Russia, confidently leveling both existing and
[00:06:18] possible global challenges in the future.
[00:06:22] This was a broadcast of the strategic session on investment climate, which was held by
[00:06:26] Prime Minister Mikhail Mishustin.
[00:06:29] The price of Brent crude oil on Monday surpassed
[00:06:32] 108 dollars per barrel. Fears are growing regarding the export
[00:06:36] of energy resources from the Middle East. The Wall Street
[00:06:39] Journal reports that the global fuel crisis is official.
[00:07:14] The global fuel crisis has officially begun, according to
[00:07:17] the Wall Street Journal. Commercial fuel reserves
[00:07:20] have been declining for more than 6 consecutive months. The ability of
[00:07:24] countries to use strategic oil reserves is practically
[00:07:27] exhausted.
[00:07:29] Prices continue to rise, with Brent trading around
[00:07:32] 105-107 dollars. WTI rose above
[00:07:35] 104 dollars per barrel
[00:07:38] on Monday. There are several reasons for such
[00:07:42] U.S. forces have taken control of two key islands in the Red
[00:07:45] Sea, located 160 kilometers north of
[00:07:48] the strait that connects the Red Sea to the open ocean
[00:07:52] and key Asian markets for Saudi
[00:07:55] Arabia. Against this backdrop, fears are growing: should we expect
[00:07:59] another round of crisis with oil
[00:08:01] supplies?
[00:08:05] We are talking about 30 or 35% of world
[00:08:08] trade, which used to pass through Hormuz and Bab el-Mandeb.
[00:08:12] The strait, and it's not just about oil and gas, but also fertilizers,
[00:08:16] chemicals, food, plastics. This already has
[00:08:20] serious consequences and can exacerbate difficulties for both
[00:08:23] the American and global
[00:08:25] economies. I remind you, the East-West
[00:08:29] oil pipeline has not been working for several days. Its repair can
[00:08:32] last from 3 to 5 weeks, as Traitor reports, citing its sources. Because
[00:08:35] of this, Saudi Arabia may
[00:08:39] face a shortage of oil reserves for export. And this
[00:08:42] will lead to a drop in global supplies by
[00:08:45] 4%.
[00:08:48] We are talking about a real reduction in oil supply volumes, those barrels that
[00:08:52] could be transported to Yanbu via the East-West pipeline, bypassing
[00:08:56] the Strait of Hormuz. These volumes will continue to decrease. In the port's
[00:08:59] tanks, according to estimates, there are 8 to 10 or 15 million barrels remaining.
[00:09:03] I think they can still take oil from storage and ship it from Yanbu for the next
[00:09:07] few weeks, but if the situation does not improve soon,
[00:09:10] you will see a sharp drop in export volume.
[00:09:14] Experts from the International Energy Agency note that in
[00:09:17] August, the global oil market experienced a shortage not of
[00:09:20] barrels as such, but of the ability to convert them into
[00:09:23] finished fuel. The volume of refined oil in
[00:09:27] August averaged 81.5 million
[00:09:31] barrels per day worldwide. A year ago, it was more than
[00:09:33] 85.5. The indicator particularly
[00:09:36] significantly decreased in the countries of the Middle East, in particular in Saudi
[00:09:40] Arabia, by almost a quarter.
[00:09:44] We have long been facing a supply deficit, and much has been
[00:09:48] done to delay its onset. This includes the release
[00:09:51] of barrels from US reserves and other countries, and a reduction
[00:09:55] in oil consumption by China. But now China has started buying
[00:09:58] more oil, releases from US reserves are
[00:10:01] ending, and military activity in the Persian
[00:10:05] Gulf is increasing. Therefore, we are seeing more pressure on supply and there is little
[00:10:08] that can be done to stop oil price growth, even from Venezuela.
[00:10:16] Europe and the US are experiencing a severe fuel crisis, primarily
[00:10:20] a shortage of diesel fuel. In the United
[00:10:23] States of America, for the first time in history, a gallon of diesel surpassed
[00:10:27] $6. In total, since the end of February, the average cost has increased by
[00:10:31] 60%. As for gasoline, a gallon can be
[00:10:35] purchased for $4 and 29 cents. As
[00:10:38] American analysts note, this dynamic affects the price
[00:10:42] of all goods and services. In the coming months, inflation will only
[00:10:45] accelerate. In Europe, things are even
[00:10:48] worse. The cost of fuel in France has reached a record high for
[00:10:52] all time observations. The average price per liter
[00:10:56] of gasoline is 2 euros and 11 cents, while diesel fuel, which
[00:10:59] is most in demand in the country, costs 2 euros and 29
[00:11:03] cents. In Europe, the main
[00:11:06] problem with fuel is simply the global rise in oil
[00:11:09] prices. They have a clear correlation between the cost of fuel and
[00:11:13] the cost of oil on the world market. And secondly,
[00:11:16] Europeans themselves have limited their fuel supply from
[00:11:20] other countries. That is, from 2023, it is forbidden to import
[00:11:24] from Russia, and Russia was the largest
[00:11:27] supplier of petroleum products to the European market. But since March
[00:11:31] 2026, Europe has banned the import of petroleum products
[00:11:34] made from Russian oil in third countries.
[00:11:38] To keep refineries operating, countries continue
[00:11:41] to draw down oil reserves. In August, global
[00:11:44] inventories decreased by 95 million barrels, totaling more than
[00:11:48] 500 million barrels since early February.
[00:11:51] The margin of safety in the market is rapidly shrinking. If disruptions in
[00:11:55] production, transportation, or refinery operations continue,
[00:11:59] compensating for new losses will become increasingly
[00:12:01] difficult.
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[00:13:32] Guys, don't stall, get a medical examination, health
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[00:17:41] Russian oil companies in the third quarter may show
[00:17:44] the highest margin since the beginning of the year. Now it's time for economic
[00:17:47] news. Maxim Privalov has joined me. Maxim, welcome, what are the main
[00:17:51] expectations based on? Yuri, good afternoon, there are several reasons: for example, high
[00:17:55] world prices for petroleum products relative to oil itself, plus export
[00:17:58] restrictions help. Details in the issue, let's start with another
[00:18:01] topic. The Bank of Russia estimates the direct
[00:18:05] contribution of the surge in motor fuel prices to inflation
[00:18:08] at 7.8% percentage points. This was stated by the Director
[00:18:12] of the Monetary Policy Department of the Central Bank, Andrey Gangan. Prior
[00:18:16] to this, the regulator estimated the overall effect to be higher, at 1.5
[00:18:19] percentage points. He also noted that gasoline imports should
[00:18:22] not significantly affect Russia's trade balance situation,
[00:18:26] and fuel supply on the domestic market satisfies demand,
[00:18:30] including through import supplies.
[00:18:34] Russian oil companies may show the maximum margin since the beginning of the year
[00:18:37] based on the results of the third quarter. This is the difference between revenue from
[00:18:41] product sales and production costs. The main
[00:18:44] driver is processing. According to Euler analysts' forecast, profit from
[00:18:48] diesel sales on the domestic market will grow by 67%
[00:18:51] compared to the second quarter, to 55,000 rubles
[00:18:54] per ton, and revenue from gasoline sales by 71% to
[00:18:58] 41,000 rubles per ton.
[00:19:02] Ukraine's budget deficit reached 27 billion
[00:19:05] dollars. This figure came as a surprise to the country's European
[00:19:09] partners, writes the Washington Post. Among the reasons are primarily military
[00:19:13] expenditures. In the first 8 months of this year, they grew by more than
[00:19:17] 17% compared to the same period in 2025. In addition,
[00:19:20] some budget funds were spent ahead of schedule. And finally, due to
[00:19:24] attacks on industrial and export infrastructure, Ukraine did not
[00:19:28] receive a significant portion of its expected
[00:19:30] revenues. In the US, concerns are growing due to
[00:19:34] a record amount of margin debt. He calls it
[00:19:38] a potentially more dangerous bubble than the hype
[00:19:41] around AI. Investors are taking excessive risks and borrowing
[00:19:45] too much money from brokers. In June, the amount of such funds reached
[00:19:49] a record of -5 dollars. In a year and a half, it
[00:19:52] grew by a whopping 77%. History
[00:19:55] shows that this usually precedes a market downturn. Over the
[00:19:59] past 30 years, this has happened four times. That
[00:20:02] was the economic news. Briefly. Yes, Maxim, thank
[00:20:05] you. We will return to the news on the economy later in our broadcast. Now to
[00:20:09] other events. Patriarch Kirill visited the Moscow City Duma and personally
[00:20:13] handed over a particle of the relics of Alexander Nevsky. The ark will be
[00:20:16] kept on the territory of the Moscow Parliamentary Center in the house
[00:20:19] church, which bears the name of the saint. The representative of the Russian
[00:20:22] Orthodox Church performed a service and met with deputies. As
[00:20:26] the press service noted, the Patriarch's visit is timed to coincide with the 150th anniversary
[00:20:30] of Alexander Nevsky's church.
[00:20:33] The newly revived church is a place of prayer for
[00:20:36] members of the Moscow parliament and
[00:20:40] employees of the city's public chamber. And the example of the feat of
[00:20:43] the great Prince Alexander Nevsky, who kept strong faith in
[00:20:47] God and love for his homeland, his native
[00:20:50] land, is, of course, especially relevant in our
[00:20:53] current difficult time,
[00:20:56] surrounded by, well, I would say, not very favorable circumstances.
[00:21:00] I am convinced that today's transfer of a particle
[00:21:03] of the relics of the holy noble Prince to the church will
[00:21:07] become a visible reminder of the spiritual
[00:21:09] presence of the great saint, the great
[00:21:13] warrior, the great ruler of our land, an example which can help
[00:21:17] all those who work for the good of the fatherland.
[00:21:21] Thousands of believers came today to venerate the relics of Spyridon
[00:21:25] of Trimythous in the Cathedral of Christ the Savior. The saint is considered the patron
[00:21:28] of travelers and merchants, as well as those who find themselves in difficult life
[00:21:31] situations. The ark with the relics was brought from the Greek island
[00:21:35] of Corfu on August 17. During this time, it visited many
[00:21:38] regions. You can venerate the relics of Spyridon of Trimythous until
[00:21:42] September 20. I remind you that also in the Cathedral of Christ the Savior,
[00:21:46] access has been opened to the newly found relics of Grand Duke Dmitry.
[00:22:03] From the Moscow region to the special operation zone, a new batch of aid from
[00:22:06] the Communist Party of the Russian Federation is being sent. The cargo was collected according to requests from military units. Food,
[00:22:10] drinking water, medicines, drones, thermal imagers,
[00:22:14] automotive and motor equipment, camouflage nets, construction materials and
[00:22:17] equipment will be delivered to the front line. All of this will be handed over to the soldiers and
[00:22:50] In Moscow, at the election headquarters of the Pensioners' Party, a situational
[00:22:54] center began its work. Electoral meetings with regional branches,
[00:22:58] expert discussions, and meetings with candidates and guests will be held there. On
[00:23:01] election days, the situational center will operate in online
[00:23:04] broadcast mode. Observers from the Pensioners' Party,
[00:23:08] more than 60 thousand people, will transmit information about the progress of the
[00:23:11] election campaign.
[00:23:14] We have prepared a large army of observers. Across the country,
[00:23:18] you can't even imagine. 60,000
[00:23:21] observers from the Pensioners' Party will monitor the upcoming
[00:23:25] elections. This tool
[00:23:28] ensures the legitimacy of the results of the upcoming
[00:23:31] elections. All observers are prepared. You know, you and
[00:23:35] I organized observer schools, prepared our
[00:23:39] observers. Today, they are ready to observe the course
[00:23:42] of the elections on behalf of our party.
[00:23:46] What else would I like to say?
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