The Russian president says Moscow will cooperate with its partners to develop a safe system for international settlements
The US and other Western currencies will inevitably lose their leading position in global cross-border transactions, Russian President Vladimir Putin said on Tuesday.
Delivering his annual address to the Federal Assembly, the head of state said that Moscow would cooperate with its allies to build a secure system of international settlements that are not dependent on the dollar or the euro.
According to Putin, the current policies of Western states are causing the US dollar and the euro to lose their universality in international payments.
He explained that Russia’s former Western partners are forcing Moscow to cut settlements in dollars and other Western currencies.
In December, Putin stated that the share of ruble transactions in Russia’s foreign trade had doubled since the beginning of 2022, and now accounted for one third of the country’s settlements. He projected that the use of national currencies in place of the US dollar and euro in trade with Russia’s international partners would continue to grow.
The process of de-dollarizing the Russian economy started back in 2014, when Western nations introduced the initial sanctions against Moscow over Crimea’s reunification with Russia, which was formerly part of Ukraine. Sanctions imposed since the start of the military operation in Ukraine have sped up the process, particularly after over $300 billion in Russian foreign exchange reserves and other assets were frozen by the US and its allies.
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Volker Turk has warned that efforts to advance reparatory justice are facing resistance in “certain quarters,” and urged countries to back Africa’s push.
Reparatory justice for historical crimes, including colonialism, enslavement, and the trade in enslaved Africans, is crucial to dismantling systemic racism, UN High Commissioner for Human Rights Volker Turk has said.
Speaking at the UN Permanent Forum on People of African Descent on Tuesday, Turk linked present-day discrimination against people from the continent to the enduring legacy of colonialism and enslavement.
”Racism and dehumanizing rhetoric continue to permeate public institutions, communities, and online platforms,” he said, according to the UN Press Service. Turk noted that “digital technologies, including AI, are reproducing and amplifying existing biases against people of African descent.”
The remarks come weeks after the UN General Assembly adopted a resolution declaring the transatlantic slave trade “the gravest...
The US VP had to defend President Trump’s Gaza policy at a rally on a Georgia college campus.
US Vice President J.D. Vance was forced to defend Washington’s policy in Gaza after he was booed and heckled at a key MAGA event on Wednesday.
Co-founded by the late Charlie Kirk, Turning Point USA (TPUSA) is a conservative student group that has long been seen as a strong support base of President Donald Trump’s MAGA movement but is now showing apparent cracks.
Less than 15 minutes into a TPUSA event at the University of Georgia on Wednesday, Vance was interrupted by hecklers over US policy in Gaza, with one audience member shouting, “Jesus Christ does not support genocide!” As he attempted to respond, others shouted, “You’re killing children!” and “You’re bombing children!”
Vance replied by referring to Trump’s achievements as president, including securing a fragile ceasefire in Gaza, something he said the previous administration of Joe Biden failed to do.
“I ...
Sergey Shoigu has cautioned Finland and the Baltic states against allowing Kiev to use their airspace for attacks on Russia.
Russia would have the right to retaliate if Finland and the Baltic states are deliberately allowing Ukrainian drones to pass through their airspace, Security Council Secretary Sergey Shoigu said on Thursday.
“Recently, there has been an increase in Ukrainian drone strikes against Russia via Finland, Lithuania, Latvia, and Estonia,” Shoigu told journalists. “As a result, civilians are suffering and significant damage is being caused to civilian infrastructure.”
Either Western air defenses are proving ineffective, or these four countries “deliberately provide their airspace, thereby becoming open accomplices in aggression against Russia,” he added. In the latter case, Moscow has the right to self-defense in response to an “armed attack” under Article 51 of the UN Charter, the security chief stressed.
In recent weeks, Kiev has intensified drone strikes on ...
