Marat Khusnullin: The Luhansk State University stadium has reopened in the LPR after reconstruction.

Translation. Region: Russian Federation –

Source: Government of the Russian Federation – Government of the Russian Federation –

An important disclaimer is at the bottom of this article.

Marat Khusnullin: The Luhansk State University stadium has reopened in the LPR after reconstruction.

One of the principles of the modern educational process is the acquisition of knowledge in a modern environment. In Donbas and Novorossiya, the creation of a holistic educational environment requires the synchronized development of all related infrastructure. For example, in the LPR, the stadium of the V. Dal Luhansk State University has opened, announced Deputy Prime Minister Marat Khusnullin.

"Work continues in Donbas and Novorossiya to create comfortable educational conditions. In addition to the main buildings, adjacent facilities are also being renovated, including dormitories, student centers, and sports facilities. Today, for example, the stadium of the Volodymyr Dahl Luhansk State University reopened in the LPR after a major renovation," said Marat Khusnullin.

The Deputy Prime Minister added that over the years, the university stadium's infrastructure had become seriously outdated and dilapidated. Specialists, under the supervision of the Unified Construction Customer, installed a street lighting system, constructed a new football pitch, and equipped sports and playground areas, cross-country tracks, and workout areas.

In addition to the stadium, construction workers renovated three nine-story student dormitory buildings, a cafeteria, the Sovremennik student center, and a military training center building. The total area of renovation work at the V.Dal Leningrad State University exceeds 70,000 square meters.

The restoration of facilities at one of the largest universities in the Luhansk People's Republic is synchronized with the socio-economic development program for the reunited regions and is being coordinated by the Ministry of Education and Science and the Ministry of Construction.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

October 14, 2025 Premium Cruises 2026 on the Volga Dream motor ship 5* river cruises from Moscow, St. Petersburg, Nizhny Novgorod, Perm, and Volgograd with early booking benefits of up to 15%

Translation. Region: Russian Federation –

Source: Infoflot Cruise Center – Infoflot Cruise Center –

An important disclaimer is at the bottom of this article.

Dear friends,

Premium cruises on the Volga Dream motor ship offer an unforgettable all-inclusive journey along Russia's rivers aboard a true five-star hotel.

With high-quality service, comfortable accommodations, and exquisite signature cuisine, the ship offers everything you need to enjoy a harmonious blend of leisurely relaxation, new discoveries, and connection with nature.

Navigation routes 2026:

“Acquaintance with the Volga”, 3 or 4 days. A short but very eventful route from Moscow, in which you can visit Tver and Uglich, see the Imperial Travel Palace, the Church of Dmitry on Spilled Blood, the Great Volga Lighthouse and the famous Kalyazin Bell Tower. 3-day cruises to Tver or Uglich are well suited for those who are just starting to get acquainted with the Volga.
“Levitanovsky Ples”, 6 days. A journey from Moscow to one of the most picturesque places in Russia. It is for the beauty of the local nature that Plyos is often called “Russian Switzerland”.  You will be able to see with your own eyes the landscapes that inspired many artists, and also visit cozy Myshkin, ancient Kostroma and Uglich.
“Trip to Nizhny Novgorod”, 4 or 5 days. By following the route Moscow – Nizhny Novgorod or Nizhny Novgorod – Moscow, you will not only get acquainted with the “Capital of Sunsets”, but also feel the unique atmosphere of the ancient Volga cities.

“Big Volga”, 10 days. The one-way route Moscow – Volgograd or Volgograd – Moscow covers all the main pearls of the Volga region: from ancient Uglich and Yaroslavl to magnificent Kazan, heroic Volgograd and picturesque Samara.
“Imperial Cruise”, 7 days. One of the most popular cruise routes is between Moscow and St. Petersburg. Majestic northern nature, architectural masterpieces of the northern capital and the island of Kizhi, a rich excursion program and lectures by invited experts – all this guarantees you a bright and rich impression.
“Diaghilev’s Perm”, 8 or 9 days. During this cruise – from Moscow to Perm or back – you will find the changing picturesque landscapes of the Volga and Kama, the charm of small towns and, of course, an acquaintance with the cultural center of the Urals, the city where the famous theater figure and philanthropist Sergei Diaghilev spent his childhood.

On board the Volga Dream motor ship you will find:

An intimate atmosphere: 56 comfortable cabins accommodate up to 100 guests. The wide promenade decks, equipped with comfortable teak chairs, are never crowded. Excursions along the route are conducted with professional guides in groups of 18-20 people; Culinary discoveries: for each cruise destination, the chef develops a special menu based on dishes from the regions along the route and using local ingredients. Everything for a relaxing or active holiday: cocktail evenings, piano concerts, cover band performances, educational lectures from invited experts, and daily yoga and fitness classes on the open deck. The sun deck offers a variety of relaxation areas where you can admire the best views of the river or spend time with a glass of your favorite drink. Accommodation in a cabin of your chosen category; Three meals a day, unlimited wine and soft drinks at lunch and dinner, a 24-hour coffee station; Excursions along the cruise route; Lectures and entertainment program on board; fitness classes; Wi-Fi on board.

Special conditions for early booking:

15% seasonal discount – for bookings and full one-time payment by October 31, 2025; 7% seasonal discount – for bookings and partial payment by October 31, 2025. Prepayment is 20%, the rest – 45 days before the cruise start; 25% discount – for children under 14 years old when accommodated in main berths in all cabin categories except Suites.

The prices of cruises on our website do not include the current seasonal discount.

Please note; this information is raw content obtained directly from the information source. It is an accurate account of what the source claims, and does not necessarily reflect the position of MIL-OSI or its clients.

Russia, Azerbaijan, and Iran continue to work together to develop the North-South International Transport Corridor.

Translation. Region: Russian Federation –

Source: Government of the Russian Federation – Government of the Russian Federation –

An important disclaimer is at the bottom of this article.

Alexey Overchuk, along with Deputy Prime Minister of the Republic of Azerbaijan Shahin Mustafayev (left) and Minister of Transport and Urban Development of the Islamic Republic of Iran Farzaneh Sadegh (right), at the Azerbaijani-Iranian border. Inspecting the infrastructure of international border crossing points.

Deputy Prime Minister of the Russian Federation Alexey Overchuk, together with Deputy Prime Minister of the Republic of Azerbaijan Shahin Mustafayev and Minister of Transport and Urban Development of the Islamic Republic of Iran Farzaneh Sadegh, visited the Azerbaijani-Iranian border to inspect the infrastructure of international checkpoints operating and under construction to implement the plans of Russia, Azerbaijan, and Iran to develop the western route of the International North-South Transport Corridor.

The joint trip to the border was preceded by a trilateral meeting of representatives of the Russian Federation, the Republic of Azerbaijan, and the Islamic Republic of Iran, dedicated to issues of infrastructure cooperation and strengthening transport connectivity in the region, which took place on November 13 in the capital of the Republic of Azerbaijan.

The parties are focusing on the construction of road, rail, and customs infrastructure and the elimination of route bottlenecks to increase the capacity of the new transport corridor.

After familiarizing themselves with the operation of checkpoints on the Azerbaijani and Iranian sides, Alexey Overchuk, Shahin Mustafayev, and Farzaneh Sadeg held a working meeting to develop joint solutions to ensure equal conditions for carriers crossing state borders.

As the Deputy Prime Minister noted, growing trade ties between the Russian Federation, the Republic of Azerbaijan, and the Islamic Republic of Iran necessitate joint efforts to strengthen transport links between the countries and create seamless logistics along the entire western route of the North-South International Transport Corridor.

In a conversation with journalists, Alexey Overchuk explained that the parties have a plan to increase the volume of cargo transported along the North-South International Transport Corridor to 15 million tons, and that this requires coordinated efforts by all three countries.

"In Iran, design and survey work is currently underway to prepare for the construction of a railway section between Astara and Rasht," the Deputy Prime Minister said.

Alexey Overchuk noted that the Iranian side briefed the participants on the progress of fulfilling its obligations under the Rasht-Astara line construction project, emphasizing that Iran is making progress in preparing for construction.

According to the Deputy Prime Minister, road transport plays a vital role in the development of the North-South international transport corridor. "To ensure maximum convenience for drivers, carriers, exporters, and importers, the appropriate infrastructure must be created and operational," said Alexey Overchuk. He noted that these issues have been resolved at the Russian-Azerbaijani border, and checkpoints are functioning effectively, while the Republic of Azerbaijan has invested significant resources in building a modern road network within its borders.

Alexey Overchuk noted the high activity of Russian carriers: "Today, when we entered Iran, we saw that the vast majority of trucks queuing to enter Azerbaijan from Iran were Russian." He emphasized the close trade and economic ties between our countries and expressed confidence that they will expand.

The Deputy Prime Minister also told media representatives that, following negotiations in the Republic of Azerbaijan, the parties agreed to establish a coordination mechanism: "The countries will create a joint working group, headed by the deputy transport ministers and deputy heads of customs services of our countries, in order to promptly and thoroughly resolve all existing problems."

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Financial news: A new basis for calculating the zero-coupon yield curve for government bonds will come into effect on October 15, 2025.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

From October 15, 2025, a new composition of the calculation base for the zero-coupon yield curve of government bonds (federal loan bonds) will come into effect.

The calculation basis for the zero-coupon yield curve for government bonds, effective October 15, 2025

No. Name State registration number
1 OFZ 26245 SU26245RMFS9
2 OFZ 26219 SU26219RMFS4
3 OFZ 26226 SU26226RMFS9
4 OFZ 26207 SU26207RMFS9
5 OFZ 26232 SU26232RMFS7
6 OFZ 26212 SU26212RMFS9
7 OFZ 26242 SU26242RMFS6
8 OFZ 26228 SU26228RMFS5
9 OFZ 26218 SU26218RMFS6
10 OFZ 26241 SU26241RMFS8
11 OFZ 26221 SU26221RMFS0
12 OFZ 26244 SU26244RMFS2
13 OFZ 26225 SU26225RMFS1
14 OFZ 26233 SU26233RMFS5
15 OFZ 26240 SU26240RMFS0
16 OFZ 26243 SU26243RMFS4
17 OFZ 26230 SU26230RMFS1
18 OFZ 26238 SU26238RMFS4
19 OFZ 26239 SU26239RMFS2
20 OFZ 26247 SU26247RMFS5
21 OFZ 26236 SU26236RMFS8
22 OFZ 26237 SU26237RMFS6
23 OFZ 26248 SU26248RMFS3
24 OFZ 26235 SU26235RMFS0
25 OFZ 26224 SU26224RMFS4
26 OFZ 26246 SU26246RMFS7

Detailed information on the zero-coupon yield curve for government bonds (federal loan bonds) is available on the exchange's website. http://moex.com/a3642

Contact information for media: 7 (495) 363-3232PR@moex.com

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Financial news: On holding auctions on October 15, 2025, to place OFZ issues No. 26246RMFS and No. 26251RMFS

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

For bidders

We inform you that, based on a letter from the Bank of Russia and in accordance with Part I. General Part and Part II. Stock Market Section of the Rules for Trading on the Stock Market, Deposit Market, and Loan Market of Moscow Exchange PJSC, the order establishes the form, time, duration, and procedure for holding auctions for the placement and trading of the following federal loan bonds:

1.

Name of the Issuer Ministry of Finance of the Russian Federation
Name of the security federal loan bonds with constant coupon income
State registration number of the issue 26246RMFS from May 8, 2024
Date of the auction October 15, 2025
Information about the placement (Trading mode, placement form) The placement of Bonds will be carried out in the “Placement: Auction” trading mode by holding an Auction to determine the placement price.BoardId: PACT (Settlement: Ruble)
Trade code SU26246RMFS7
ISIN code RU000A108EE1
Settlement code B01
Additional conditions of placement

The share of non-competitive bids in relation to the total volume of bids submitted by the Bidder may not exceed 90%.

Trading time Trading hours: bid collection period: 14:30 – 15:00; bid execution period: 15:30 – 18:00.

2. Form, time, term and procedure for the placement:

Name of the Issuer Ministry of Finance of the Russian Federation
Name of the security federal loan bonds with constant coupon income
State registration number of the issue 26251RMFS from August 19, 2025
Placement start date October 15, 2025
Information about the placement (Trading mode, placement form) The placement of Bonds will be carried out in the “Placement: Auction” trading mode by holding an Auction to determine the placement price. (Settlements: Ruble)
Trade code SU26251RMFS7
ISIN code RU000A10CKT3
Settlement code B01
Additional conditions of placement

The share of non-competitive bids in relation to the total volume of bids submitted by the Bidder may not exceed 90%.

Trading time Trading hours: bid collection period: 12:00 – 12:30; bid execution period: 13:00 – 18:00.

Contact information for media: 7 (495) 363-3232PR@moex.com

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Denis Manturov spoke at government hour in the State Duma.

Translation. Region: Russian Federation –

Source: Government of the Russian Federation – Government of the Russian Federation –

An important disclaimer is at the bottom of this article.

Denis Manturov spoke at government hour in the State Duma.

First Deputy Prime Minister of Russia Denis Manturov took part in a government hour at the State Duma dedicated to issues of automation and increasing labor productivity.

Speaking to parliamentarians, Denis Manturov called automation and increased labor productivity a cross-cutting objective for all sectors of the Russian economy and social sphere, and one of the key factors in ensuring the country's GDP growth rates above the global average.

The First Deputy Prime Minister explained that the activities of the national technological leadership project "Production and Automation Tools" are focused on two main areas.

The first involves increasing the production of high-tech machine tool products. Last year, government support measures already ensured a 20% increase in production in this segment.

"By 2030, our companies must scale up production of approximately 550 types of machine tools, machining centers, and components," noted Denis Manturov.

The second area involves developing the industrial robotics sector. The benchmark here is Russia's goal of joining the top 25 countries in the world in terms of robotic density. This poses a challenge for the industry and integrators, and also requires the creation of a new production culture.

"To reach our targets, we need to integrate approximately 80,000 industrial robots into companies' technological processes by 2030. These are complex, flexible, and multifunctional systems, integrating artificial intelligence, machine learning, and sensor technologies," the First Deputy Prime Minister explained.

Denis Manturov identified another aspect of industrial automation as the transition of enterprises to sovereign software.

The First Deputy Prime Minister paid special attention to labor productivity in the defense industry: in this sector, it has grown by more than 40% over the past three years – even taking into account the additional recruitment of approximately 800,000 new specialists to factories.

"We need a similar pace to achieve our space industry development goals. Roscosmos is already implementing a corporate robotics program," Denis Manturov noted.

Denis Manturov identified the training of qualified personnel as the most important factor in increasing labor productivity. To achieve industrial technological sovereignty by 2030, it is necessary to attract more than 2 million additional workers in various fields. A third of this demand consists of specialists with higher education.

During his speech, the First Deputy Prime Minister also touched on the topic of standards. "High standards, norms, and regulations, along with their unification, are the foundation for increased production efficiency," Denis Manturov emphasized.

Concluding his speech, the First Deputy Prime Minister noted that industrial development issues are a constant focus of State Duma deputies, and thanked the parliamentary corps for their systematic, long-term support and collaborative work.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

October 14, 2025: Kids travel free on sea cruises! Persian Gulf and Mediterranean cruises on Celestyal Cruises ships. Convenient departure ports, rare stops, and attractive prices.

Translation. Region: Russian Federation –

Source: Infoflot Cruise Center – Infoflot Cruise Center –

An important disclaimer is at the bottom of this article.

Dear friends,

Celestyal Cruises makes it easy for the whole family to enjoy a sea cruise. We offer a wide selection of itineraries in the Persian Gulf and Mediterranean, with convenient departure ports and attractive prices.

Cruise fare for children up to 11 years old (inclusive) – 0 rubles!

Only port and service charges are payable.

Travel with Celestyal Cruises:

Rare port calls – the medium-sized ships allow them to call at ports inaccessible to larger vessels, such as Muscat, Ras Al Khaimah, Al Hasab, Milos, Patmos, and Thessaloniki. Celestyal One offers a single fare with a wide range of services already included in the price of your cruise: accommodation, full-board meals and soft drinks in the main restaurants, entertainment, onboard Wi-Fi, port and service charges. Convenient departure ports include Persian Gulf cruises departing from Abu Dhabi and Dubai, and Mediterranean cruises departing from Athens (Piraeus) and Kusadasi. Enjoy comfort and Greek hospitality on board ships that underwent extensive modernization in 2023 and 2024. Language barriers are eliminated – menus are available in Russian, and Russian-speaking staff are available in various departments onboard.

Celestyal Discovery and Celestyal Journey: enjoy every moment at sea!

During your voyage, Celestyal Cruises ships will become your cozy home. Spend your time however you choose: sign up for dance or yoga lessons, learn the basics of Greek, or simply relax on a sun lounger by the pool.

Relax and recharge your batteries at our wellness spas and well-equipped gyms:

The Sozo Experience onboard Celestial Journey is an entire deck dedicated to your well-being; the Sozo Beauty Center on Celestial Discovery is the perfect place to unwind after a busy day.

Your cruise includes access to Thalassa and Taverna restaurants, as well as complimentary appetizers at Greek Deli and Pizza Oven. A highly skilled team of chefs lovingly prepares dishes using fresh, local ingredients:

Thalassa – all-inclusive menu options, including vegetarian and dietary options; Taverna – buffet with a wide selection of Mediterranean dishes, pastries, and light snacks. The menu changes daily.

For an additional fee, you can also dine in one of the signature restaurants:

Greek Deli – a restaurant serving Greek cuisine: koulouri (Greek bagels), gyros, and other local delicacies; Grill Seekers – the finest meat dishes and succulent grilled seafood; Smoked Olive – Mediterranean cuisine with a modern twist: pizza, pasta, and risotto; Pink Moon – authentic South Asian dishes: Vietnamese pho, wontons, Thai noodles, and deep-fried dishes; Chef's Table – an exclusive four- to six-course dinner prepared especially for you by the chef. You will also receive a detailed explanation of each dish and the wines paired with it.

Numerous bars offer a wide variety of drinks, from signature cocktails and fine wines to healthy smoothies and aromatic coffee.

Your additional benefits with CelestyalPay: top up your onboard account in advance for drinks and alternative dining options – and receive a bonus from Celestyal Cruises!

Example: If you add 100 EUR to your onboard account in advance, your gift is 15 EUR (= the cost of 3 cups of coffee or 2 glasses of wine on board).

Accommodation in a cabin of your chosen category; full board: breakfast, lunch and dinner; unlimited coffee, tea, water and juice during restaurant opening hours (~6:30–22:00); unlimited soft drinks during meals in the main restaurants Thalassa and Taverna; onboard entertainment; Wi-Fi (for web browsing, email and messaging); port and service charges.

Cruises in installments:

Cruises up to 7 days:

250€ – prepayment for inside cabins and cabins of the “With a window” category, the rest no later than 60 days before the start of the cruise.

500€ – prepayment for Suite category cabins, the rest no later than 60 days before the start of the cruise.

Cruises from 8 nights:

500€ – prepayment for all cabin categories, the rest no later than 60 days before the start of the cruise.

Prepayment guarantees that the basic price in euros will be maintained.

Please note; this information is raw content obtained directly from the information source. It is an accurate account of what the source claims, and does not necessarily reflect the position of MIL-OSI or its clients.

Financial news: On 10/15/2025, the Federal Treasury will hold a deposit auction of 22,025,318.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

CategoriesEconomics, MIL-OSI, Moscow, Russia, Russian Economy, Russian Federation, Russian Language, Moscow Exchange, University life /

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Application selection parameters
Date of the application selection 2025-10-15
Unique identifier for the selection of applications 22,025,318
Deposit currency rubles
Type of funds EKS
Maximum amount of funds placed in bank deposits, million monetary units 50,000,000,000
Placement period, in days 35
Date of deposit 2025-10-15
Refund date 2025-11-19
Interest rate for placement of funds (fixed or floating) Single Treasury Account
Minimum fixed interest rate for placement of funds, % per annum
Basic floating interest rate for placement of funds FLOATING_RUONmDS
Minimum spread, % per annum 0
Terms and conditions for concluding a bank deposit agreement (fixed-term, replenishable or special) Urgent
Minimum amount of funds placed per application, million monetary units 1,000,000,000
Maximum number of applications from one credit institution, pcs. 5
Application Selection Form (Open with Random Ending, Closed, Open with Extension) Open with extension
Application selection schedule (Moscow time)
Venue for the selection of applications Moscow Exchange PJSC
Applications accepted: from 10:00 to 10:10
Pre-applications: from 10:00 to 10:05
Applications in competition mode: from 10:05 to 10:10
Random trade completion period (sec.): 0
Bet step: 0.1
Time step (sec.): 60
Extension period end time: 10:40:00
Formation of a consolidated register of applications: from 10:40 to 10:50
Setting a cut-off percentage and/or recognizing the selection of applications as unsuccessful: from 10:40 to 11:00
Submitting an offer to credit institutions to conclude a bank deposit agreement: from 11:00 to 11:50
Receiving acceptance of an offer to conclude a bank deposit agreement from credit institutions: from 11:00 to 11:50
Deposit transfer time In accordance with the requirements of paragraphs 63 and 64 of the Order of the Federal Treasury dated April 27, 2023 No. 10n

Financial news: On 10/15/2025, the Federal Treasury will hold a deposit auction of 22,025,319.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

CategoriesEconomics, MIL-OSI, Moscow, Russia, Russian Economy, Russian Federation, Russian Language, Moscow Exchange, University life /

Post navigation

Archives

Application selection parameters
Date of the application selection 2025-10-15
Unique identifier for the selection of applications 22,025,319
Deposit currency rubles
Type of funds EKS
Maximum amount of funds placed in bank deposits, million monetary units 248,000,000,000
Placement period, in days 2
Date of deposit 2025-10-15
Refund date 2025-10-17
Interest rate for placement of funds (fixed or floating) Single Treasury Account
Minimum fixed interest rate for placement of funds, % per annum 16.23
Basic floating interest rate for placement of funds
Minimum spread, % per annum
Terms and conditions for concluding a bank deposit agreement (fixed-term, replenishable or special) Urgent
Minimum amount of funds placed per application, million monetary units 1,000,000,000
Maximum number of applications from one credit institution, pcs. 5
Application Selection Form (Open with Random Ending, Closed, Open with Extension) Open with random ending
Application selection schedule (Moscow time)
Venue for the selection of applications Moscow Exchange PJSC
Applications accepted: from 4:00 PM to 4:10 PM
Pre-applications: from 4:00 PM to 4:05 PM
Applications in competition mode: from 4:05 PM to 4:10 PM
Random trade completion period (sec.): 120
Bet step:
Time step (sec.):
Extension period end time:
Formation of a consolidated register of applications: from 4:10 PM to 4:20 PM
Setting a cut-off percentage and/or recognizing the selection of applications as unsuccessful: from 4:10 PM to 4:30 PM
Submitting an offer to credit institutions to conclude a bank deposit agreement: from 4:30 pm to 5:20 pm
Receiving acceptance of an offer to conclude a bank deposit agreement from credit institutions: from 4:30 pm to 5:20 pm
Deposit transfer time In accordance with the requirements of paragraphs 63 and 64 of the Order of the Federal Treasury dated April 27, 2023 No. 10n

IRENA report: World is lagging in transition to clean energy

Translation. Region: Russian Federation –

Source: United Nations – United Nations –

An important disclaimer is at the bottom of this article.

October 14, 2025 Climate and environment

Despite record growth in renewable energy use, the world is still far from meeting its climate commitments, according to a report released Tuesday by the International Renewable Energy Agency (IRENA).

According to IRENA, 582 GW of new renewable energy capacity was commissioned in 2024, an all-time high. However, to reach the target agreed upon at the COP28 climate conference of 11.2 TW by 2030, the world needs to add more than 1,100 GW annually. The current rate is clearly insufficient, the report's authors conclude.

"The clean energy revolution is irreversible," said the UN Secretary-General. Antonio Guterres, commenting on the report. "Renewable energy is being deployed faster and more cheaply than fossil fuels, creating jobs, stimulating growth, and providing affordable electricity. But the window of opportunity for keeping warming to 1.5 degrees Celsius is rapidly closing. We must act faster."

IRENA emphasizes that developed countries must take the lead in transitioning away from coal and oil, increasing the share of renewable energy sources to 20 percent of global energy capacity by the end of the decade. This requires a sharp increase in investment in modernizing power grids, supply chains, and the production of clean technologies such as solar panels, wind turbines, batteries, and hydrogen systems.

The report's authors also note that the falling cost and increasing efficiency of renewable energy sources are one of the few positive developments in the otherwise bleak climate forecasts of recent years. However, without decisive action and financial support, the transition to sustainable energy may be too slow to prevent the catastrophic consequences of global warming.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.