UN chief welcomes China, EU commitment to strengthen cooperation on climate change

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

UNITED NATIONS, July 25 (Xinhua) — UN Secretary-General Antonio Guterres welcomes the commitment of China and the European Union (EU) to strengthen cooperation on climate change and ensure a global just transition, Deputy Spokesman for the UN Secretary-General Farhan Haq said on Thursday.

“The Secretary-General believes that it is critical for China and the European Union, as the world’s two largest economies, to continue working together to ensure that the UN Climate Change Conference (COP30) in Brazil becomes a major turning point in global efforts to tackle the climate crisis,” Hack said in a statement.

“The Secretary-General reiterates his call for all G20 countries to submit NDCs [nationally determined contributions to combat climate change by 2035],” he said.

On Thursday, leaders of China and the EU issued a joint statement on stepping up efforts to combat climate change following the 25th China-EU summit in Beijing. At the meeting, the two sides acknowledged that strengthening China-EU cooperation on climate change will benefit the well-being of both peoples and is of great and special significance to upholding multilateralism and advancing global climate governance. –0–

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Chinese Foreign Minister Meets ASEAN Secretary General

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

BEIJING, July 25 (Xinhua) — Chinese Foreign Minister Wang Yi met with ASEAN Secretary-General Kao Kim Horn in Beijing on Friday.

Wang Yi, also a member of the Politburo of the CPC Central Committee, said China has always given priority to ASEAN in its neighbourhood diplomacy and supports ASEAN's aspiration to play a more active role in international and regional affairs.

Guided by the outcome of the Central Meeting on Neighboring Countries held in April this year, China is willing to work with ASEAN member states to build an even closer China-ASEAN community with a shared future, he said.

Under the current circumstances, China and ASEAN should focus on cooperation in three key areas, Wang said.

First, the two sides should work together to uphold free trade and the multilateral trading system. Wang Yi noted that as the major forces of the Global South, China and ASEAN should strengthen solidarity and cooperation, oppose unilateralism, uphold WTO rules, and ensure the credibility and integrity of the China-ASEAN Free Trade Area and the Regional Comprehensive Economic Partnership (RCEP).

Second, both sides should fully and effectively implement the Declaration on the Conduct of Parties in the South China Sea, building a new narrative of peace, friendship and cooperation in the South China Sea, Wang said.

Third, the two sides should work together to maintain regional peace and stability. “The recent border clashes between Cambodia and Thailand, which resulted in casualties, are regrettable and worrying,” Wang said, adding that China, as a mutual friend and neighbor of both countries, is willing to maintain an impartial stance and continue to play a constructive role in de-escalating tensions.

Kao Kim Horn, for his part, expressed gratitude to China for its firm support for ASEAN's centrality in regional cooperation and the building of the ASEAN Community.

ASEAN hopes to use the 5th anniversary of the establishment of the ASEAN-China Comprehensive Strategic Partnership in 2026 as an opportunity to strengthen strategic alignment and deepen practical cooperation in all fields with China, he said.

Speaking about the tension on the border between Cambodia and Thailand these days, Kao Kim Horn thanked China for its active efforts to promote reconciliation and peace talks. -0-

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Hamas reaffirms commitment to peace talks after criticism from US envoy

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

GAZA, July 25 (Xinhua) — Hamas reiterated its commitment to ongoing ceasefire talks early Friday after U.S. Special Envoy to the Middle East Steve Witkoff criticized the movement's intentions in the talks.

In a press statement, Hamas expressed its “surprise” at the envoy’s comments, reiterating that the movement’s involvement in the diplomatic process was aimed at reaching a ceasefire agreement in the Gaza Strip.

Hamas said it welcomed the comments and proposals received from mediators, including Egypt, Qatar and the United States, adding that it remained open to further talks and committed to working within the established mediation mechanism.

S. Witkoff said Thursday the United States would seek "alternative options" for a cease-fire in Gaza, with the U.S. negotiating team returning home from Qatar for consultations on Hamas' latest response, which he called "selfish."

“We have decided to bring our team home from Doha for consultations following the latest response from Hamas, which clearly shows the lack of desire to achieve a ceasefire in Gaza,” he wrote on social media X. –0–

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Xi Jinping Receives Credentials from New Foreign Ambassadors to China /detailed version-1/

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

BEIJING, July 25 (Xinhua) — Chinese President Xi Jinping on Friday accepted credentials from 16 new ambassadors to China.

The following presented their credentials to the head of the Chinese state: Pham Thanh Binh /Vietnam/, Miguel Lecaro Barcenas /Panama/, Jose Julio Gomez Beato /Dominica/, Riza Poda /Albania/, Jonathan Edward Austin /New Zealand/, Thaddeus Kambanei /Papua New Guinea/, Dalva M.K.R. Allen /Angola/, Khaled Nazmi /Egypt/, Ramiro Jose Cruz Flores /Nicaragua/, Abdolreza Rahmani Fazli /Iran/, Pablo Arriaran /Chile/, Oleksandr Nechytailo /Ukraine/, Frank E.V. Ajagba /Benin/, David Alfred Perdue Jr. /USA/, Eliav Belotserkovsky /Israel/ and Morris Simon Batali /South Sudan/.

Xi Jinping also received Secretary General of the Shanghai Cooperation Organization Nurlan Yermekbayev.

Xi Jinping welcomed the new envoys to China and asked them to convey best wishes to the leaders and people of their countries, and expressed the hope that the envoys will gain a comprehensive and in-depth understanding of China.

China values friendship with people around the world and is willing to strengthen all-round cooperation and exchanges with other countries on the basis of mutual respect, equality, as well as mutual benefit and win-win, Xi said.

At present, China is moving forward on the path of great national rejuvenation in all directions through Chinese-style modernization, and the Chinese economy continues to steadily gain momentum, the head of state said.

Against the backdrop of accelerating global changes and a turbulent international environment, Xi continued, countries need solidarity and cooperation as well as a broad vision more than ever to overcome alienation and conflicts and, by striving for more, care for the future of all mankind.

Xi Jinping noted that this year marks the 80th anniversary of the victory in the Chinese People's War of Resistance Against Japanese Aggression and the World Anti-Fascist War, as well as the 80th anniversary of the founding of the UN. China is ready to stand firm with all countries to guard the international system, with the UN at its core, and the international order based on international law, he stressed. -0-

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From the “Shanghai Spirit” to a Common Future – China Discusses Prospects for Cooperation between Media and Analytical Centers within the SCO

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

ZHENGZHOU, July 25 (Xinhua) — The Shanghai Cooperation Organization (SCO) Media and Think Tank Summit opened in Zhengzhou, capital of central China's Henan Province, on Friday, with the theme of "Spreading the Shanghai Spirit, Building a Beautiful Home Together."

The participants of the event discussed in depth how the media and think tanks can play a more worthy role in strengthening traditional friendship and deepening mutually beneficial cooperation within the SCO, as well as in building a closer community of shared destiny of the SCO.

"The Shanghai Spirit" is not an abstraction, but a living philosophy of our interaction. These principles are becoming even more relevant in the era of global changes and rapid transformation of the information environment," said Andrei Kondrashov, CEO of the Russian news agency TASS.

A. Kondrashov noted that the activities of the media and analytical centers today are taking place in the context of profound changes in the global landscape and transformation of the information environment. In these conditions, their interaction becomes imperative not only for effective current work, but also for ensuring a safe future.

According to him, cooperation between the media and analytical centers within the SCO is a strategic partnership aimed at forming an honest, balanced and multipolar information space of Eurasia and the world. This is the path to mutual understanding, trust and rapprochement of peoples.

Director of the Kyrgyz National Information Agency /KNIA/ “Kabar” Mederbek Shermetaliev emphasized that in the context of global challenges, the role of the SCO in ensuring sustainable development is becoming increasingly important.

"The media plays a vital role in the formation of the SCO as a space of broad interaction based on the principles of good neighborliness and mutual benefit. Our joint work in the information sphere has broad prospects," he said, noting that the Kabar News Agency is open to cooperation in all areas with colleagues from the SCO countries.

“The media and analytical centers act as “stimulants” of humanitarian exchange and “catalysts” of mutual learning of civilizations in the SCO space. And cooperation between the media and experts serves as a kind of bridge between society and states, strengthening mutual trust – the cornerstone of the “Shanghai spirit,” said Firdavs Odinazoda, First Vice-Rector of the Academy of Public Administration under the President of the Republic of Tajikistan.

He added that mutual understanding between peoples and support for integration initiatives largely depend on how professionally and thoughtfully journalists and experts from SCO countries cover the organization’s activities.

“Strengthening cooperation between analytical centers of China and Russia, first of all, contributes to mutual understanding between the peoples, scientists and governments of our countries,” said Alexander Lukin, scientific director of the Institute of China and Modern Asia of the Russian Academy of Sciences.

“In addition, such cooperation helps to strengthen and improve the quality of analytics and scientific information in both countries, promoting it both within their countries and in the world as a whole,” he added.

“We expect that the SCO Media and Analytical Centers Summit will become a platform for a meaningful exchange of opinions, joint initiatives and the formation of new consensus,” said Eldor Tulyakov, Executive Director of the Development Strategy Center of Uzbekistan.

Let us recall that the event, which is taking place from July 23 to 27, was attended by about 400 representatives of about 200 leading media outlets, well-known analytical centers and government agencies from 26 SCO countries, as well as international and regional organizations such as the UN, the SCO Secretariat, etc.

The event was jointly organized by Xinhua News Agency, the Chinese Academy of Social Sciences and the Henan Provincial People's Government. -0-

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Three people died in a gas explosion in a residential building in Saratov

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Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

MOSCOW, July 25 (Xinhua) — Three people, including a child, were killed in a domestic gas explosion in a residential building in the Russian city of Saratov. The prosecutor's office is conducting an investigation, Russian media reported.

“On the instructions of the Saratov Region Prosecutor Sergei Filipenko, the Leninsky District Prosecutor’s Office of Saratov organized an inspection into the explosion of a gas-air mixture in an apartment building,” the prosecutor’s office said in a statement.

Residents of the building were evacuated. Search efforts to find people who may be under the rubble are ongoing.

Information on the exact number of victims and the severity of their injuries is being clarified. –0–

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Cambodia briefs foreign diplomats on situation on border with Thailand

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

PHNOM PENH, July 25 (Xinhua) — Cambodian Deputy Prime Minister and Foreign Minister Prak Sokhon on Friday held a briefing for members of diplomatic missions and military attaches in the kingdom to update them on the developments along the Cambodia-Thai border.

Clashes broke out in border areas between Cambodia and Thailand on Thursday and Friday, with both sides trading accusations of violating international law. –0–

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Philippines Supreme Court Bans Impeachment Proceedings Against Vice President Sara Duterte

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Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

MANILA, July 25 (Xinhua) — The Philippines' Supreme Court announced on Friday that it has barred impeachment proceedings against Vice President Sara Duterte.

“The Supreme Court has ruled that the House of Representatives’ impeachment motion against Vice President S. Duterte is not subject to review for one year and that due process or fairness shall apply in all stages of the impeachment process,” Supreme Court spokesperson Camilla Ting said at a press conference.

“Our basic law is clear, the end does not justify the means… there is a right way to do the right thing at the right time,” added K. Ting, citing the decision, which was unanimous.

She said the Supreme Court found the articles of impeachment unconstitutional on due process grounds, adding that because of that, "the Senate cannot acquire jurisdiction" over the proceedings.

“The court said this does not absolve Vice President S. Duterte of any charges against her, but any subsequent petition seeking impeachment can only be filed from February 6, 2026,” she said. –0–

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Financial news: The Bank of Russia has decided to reduce the key rate by 200 bp, to 18.00% per annum (07/25/2025)

Translation. Region: Russian Federal

Source: Central Bank of Russia –

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On July 25, 2025, the Board of Directors of the Bank of Russia decided to reducekey rateby 200 bp, to 18.00% per annum. Current inflationary pressures, including persistent ones, are declining faster than previously forecast. Domestic demand growth is slowing. The economy continues to return to a balanced growth trajectory.

The Bank of Russia will maintain the tightness of monetary conditions that is necessary to return inflation to the target in 2026. In the baseline scenario, this implies an average key rate in the range of 18.8-19.6% per annum in 2025 and 12.0-13.0% per annum in 2026, and means a long period of tight monetary policy. Further decisions on the key rate will be made depending on the sustainability of the inflation slowdown and the dynamics of inflation expectations. According to the Bank of Russia's forecast, given the current monetary policy, annual inflation will decrease to 6.0-7.0% in 2025, return to 4.0% in 2026, and remain on target thereafter.

In 2Q25, seasonally adjusted current price growth slowed to 4.8% annualized, after averaging 8.2% in 1Q25. Core inflation was 4.5%, after averaging 8.8% in the previous quarter. Annual inflation, as of July 21, was 9.2%. However, the monthly growth of the consumer price index will temporarily increase in July due to the significant indexation of utility tariffs.

The impact of tight monetary conditions on demand is increasingly evident in the reduction of inflationary pressure. The effects of tight monetary policy, including through the strengthening of the ruble, are largely reflected in the low growth rates of prices for non-food products. These effects are gradually manifesting themselves in the reduction of inflationary pressure in food products and services. Price dynamics remain uneven, but the spread by components has somewhat decreased.

A stable downward trend in inflation expectations has not yet formed. Long-term expectations calculated from financial market instruments have slightly decreased. Inflation expectations of professional analysts and the population have not changed significantly. Business price expectations in July slightly increased for the first time since the beginning of the year. In general, inflation expectations remain at an elevated level. This may prevent a more sustainable slowdown in inflation.

The Russian economy's upward deviation from the balanced growth trajectory is decreasing. Operational data, including in 2Q25, and survey indicators indicate a further slowdown in domestic demand growth while overall economic activity continues to grow moderately.

There are more signs that the tension in the labor market is easing. According to surveys, the share of companies experiencing a labor shortage continues to decline. There is still a decrease in demand for labor in certain industries and its flow to other sectors. Wages are growing more slowly than in 2024, but the rate of their increase is still outpacing the growth of labor productivity. Unemployment is at historical lows.

Monetary conditions remain tight, influenced by the monetary policy and autonomous factors. Since June, nominal interest rates have fallen in most financial market segments following the reduction in the key rate and the revision of market participants’ expectations for its further trajectory, but they remain high in real terms. Non-price conditions for bank lending are also tight.

While deposit rates are falling, households remain highly inclined to save. Lending trends are uneven across segments. Unsecured consumer lending is declining, while the portfolio of mortgage and corporate loans is growing at a moderate pace. Lending activity remains generally subdued.

Pro-inflationary risks prevail over disinflationary ones over the medium term. The main pro-inflationary risks are associated with a longer-term continuation of the upward deviation of the Russian economy from the balanced growth trajectory and high inflation expectations, as well as with the deterioration of foreign trade conditions. A further decline in the growth rates of the global economy and oil prices in the event of increased trade tensions may have pro-inflationary effects through the dynamics of the ruble exchange rate. Geopolitical tensions remain a significant uncertainty factor. Disinflationary risks are associated with a more significant slowdown in lending growth and domestic demand under the influence of tight monetary conditions.

The Bank of Russia proceeds from the declared parameters of the budget policy. Its normalization in 2025 will have a disinflationary effect. A change in the parameters of the budget policy may require an adjustment of the monetary policy being pursued.

Following the meeting of the Board of Directors on the key rate on July 25, 2025, the Bank of Russia updated medium term forecast.

August 6, 2025The Bank of Russia will publish a Summary of the Key Rate Discussion and a Commentary on the Medium-Term Forecast.

The next meeting of the Board of Directors of the Bank of Russia, at which the issue of the key rate level will be considered, is scheduled forSeptember 12, 2025The press release on the decision of the Board of Directors of the Bank of Russia will be published at 13:30 Moscow time.

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Rosneft has invested over 303 billion rubles in associated gas use projects since 2013

Translation. Region: Russian Federal

Source: Rosneft – An important disclaimer is at the bottom of this article.

Rosneft's capital investments in projects to involve associated petroleum gas (APG) in beneficial use in the period from 2013 to 2024 exceeded 303 billion rubles.

Responsible attitude to the environment is an integral part of the corporate culture and one of the key principles of Rosneft's activities. One of the Company's strategic goals is to reduce greenhouse gas emissions. Rosneft is implementing a whole range of measures aimed at introducing innovative technologies, increasing the level of industrial safety and caring for the environment.

As part of the implementation of the Investment Gas Program, the Company strives to increase the level of rational use of associated petroleum gas in all regions of its presence. In 2024, Rosneft commissioned 9 new facilities that contribute to achieving this goal: gas injection facilities, power generation, gas preparation and use, as well as gas transportation infrastructure. The program is being implemented in all regions of the Company's presence and promotes the widespread introduction of innovative, energy-saving, "green" technologies in production processes.

When developing new fields, Rosneft, already at the stage of drawing up design technological documents, carries out planning taking into account an integrated approach, providing for all the measures necessary to achieve rational use of associated petroleum gas by a clearly defined deadline.

The Company's specialists are constantly working on developing innovations that allow for the optimization and scaling of the process. For example, in July 2025, Orenburgneft employees (part of Rosneft) patented a technology for reducing the content of hydrogen sulfide and mercaptans in associated petroleum gas (APG). The innovation was implemented at the Vakhitovskaya group of fields of the enterprise, which made it possible to increase the volumes of rational use of APG from 20 to 80 thousand m3 per day. The economic effect from the implementation of the innovation will amount to more than 1 billion rubles within five years.

A significant contribution to reducing the Company's carbon footprint is made by the Rosneft Energy Saving Program, which is developed for a five-year period and updated annually. As a result of its successful implementation in 2024, Rosneft ensured a reduction in absolute greenhouse gas emissions in the amount of 1.1 million tons of CO2-eq.

At the same time, the actual savings of fuel and energy resources amounted to 363 thousand tons of equivalent fuel. By 2030, the implementation of the energy conservation program will reduce emissions by 4.7 million tons of CO2-eq.

Department of Information and AdvertisingPJSC NK RosneftJuly 25, 2025

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