The sides are reportedly developing cooperation strategy to replace the US dollar and the euro in settlements
Russia and African nations are moving towards settlements in national currencies, Russian Foreign Minister Sergey Lavrov revealed on Wednesday, adding that the parties are preparing documents on rearranging the mechanism of cooperation under Western sanctions.
Lavrov’s announcement was made during a press conference on the results of the activities of Russian diplomacy in 2022. The official earlier stated that Russian and African partners are working on reducing, though gradually, trade in the US dollar and the euro in mutual trade payments.
“As you know, we are planning a second summit with Africa this year, at the end of July in St. Petersburg, and we are preparing a whole series of events for it, documents are being prepared to reconfigure the mechanisms of interaction in the face of sanctions and threats, … new tools for trade and investment cooperation, supply chain systems, payments,” the Russian FM explained, adding “There is a transition to settlements in national currencies, this process is not fast, but it is underway and is gaining momentum.”
READ MORE: Russia’s biggest automaker mulls exports to Africa – deputy PM
Moscow has been steadily pursuing a policy of de-dollarization in foreign trade. In recent years, Russia and some of its trade partners, including India and China, have been ramping up the use of domestic currencies in mutual settlements in an effort to move away from the US dollar and euro.
https://www.rt.com/business/570074-russia-africa-trade-local-currencies/
The overthrow of PM Sheikh Hasina in 2024 was funded by USAID and Clinton family money, Mohibul Hasan Chowdhury told RT
The unwillingness of Bangladesh to condemn Russia over the Ukraine conflict was one of the reasons the US wanted to oust Prime Minister Sheikh Hasina, former cabinet minister and chief negotiator Mohibul Hasan Chowdhury has said in an interview with RT.
Hasina, who led Bangladesh for 15 years, fled the country in August 2024, following weeks of violent student-led protests which claimed 700 lives, according to some estimates.
Chowdhury, who served as the country’s shipping minister, was at the heart of negotiations between the authorities in Dhaka and demonstrators during the crisis. The country has been led by an interim government since then, which pledged to hold an election in 2026.
Chowdhury told RT in an exclusive interview to be aired on Monday that the uprising was instigated by NGOs linked to the US Agency for International Development (USAID) and the ...
The fighting in southern Lebanon marks the collapse of a fragile truce – and could redraw the region’s balance of power
On Thursday, the Israel Defense Forces (IDF) launched a series of coordinated strikes on Hezbollah infrastructure in southern Lebanon. According to Israeli sources, the strikes targeted weapons depots, command centers, and communication systems used by militants to coordinate their activities along the border area.
Before the operation began, the IDF issued warnings urging residents of several towns to leave areas that could come under fire. The Israeli military emphasized that its actions were aimed solely at military targets but did not rule out the possibility of expanding the operation if provocations from Hezbollah continued.
West Jerusalem accuses Hezbollah of violating ceasefire terms and attempting to rebuild its military capabilities. Just days earlier, Israeli Prime Minister Benjamin Netanyahu stated that Hezbollah was taking steps to regroup and ...
A recent report has revealed that Paramount Global, an American multinational mass media and entertainment conglomerate, maintains an internal blacklist of entertainment figures it labels “anti-Semitic,” applying the term to any artist who supports Palestine or denounces Israel’s ongoing genocide in Gaza.
Variety magazine reported on Tuesday that Paramount’s new CEO, David Ellison, has moved to sever ties with all pro-Palestine or anti-Israel movements.
To that end, the company has dismissed executives critical of Israel and refuses to collaborate with any artist or public figure who views the occupying regime’s actions in Gaza as genocidal.
In a statement released on Friday, Paramount said it “disagreed with recent efforts to boycott Israeli filmmakers,” claiming that “silencing individual creative artists does not promote better understanding or advance the cause of peace.”
The statement came after Film Workers for Palestine, supported by over 4,000 international ...
