With soaring inflation and the ruble dropping to one of its lowest levels against the dollar since President Vladimir Putin launched his war in Ukraine, this year Russians will have to pay more for the dish, which is traditionally served alongside caviar and tangerines, before the New Year is toasted in.

Ukraine and Russia today swapped over 300 prisoners of war as Putin said he is "open to peace talks". Moscow's Defence Ministry said each side freed 150 prisoners of war, although Ukraine's President Volodymyr Zelensky confirmed the number of Kyiv's soldiers at 189. The reason behind the discrepancy is unclear at the moment.

President Vladimir Putin told Russians in a New Year address that the country would move forward with confidence in 2025, though he offered no specific promises on the economy or the war in Ukraine. At a time when many ordinary people are worried about rising prices and the central bank's 21% interest rate is squeezing businesses and homebuyers,

Dear friends, in just a few minutes 2025 will be ushered in, completing the first quarter of the 21st century,” Russian President Vladimir Putin said in the televised remarks.