The currency has even reportedly been used as a means of payment with the UK, US, and EU
Russia is increasing the share of the Chinese yuan in foreign trade and not exclusively with China, RBK reported on Thursday, citing a data from the Economic Development Ministry.
According to the ministry’s calculations, in the first half of 2023, 75% of Russian-Chinese trade turnover was settled in yuan. The yuan’s share in Russia’s settlements with partners besides China also surged in the reporting period and amounted to 25%.
Moreover, the average daily volume of trading in the ruble-yuan pair on the Moscow Exchange approached 200 billion rubles ($2 billion) in the first half of the year, a 100-fold increase since the beginning of 2022, the ministry said.....more below
https://www.rt.com/business/583690-russia-boosts-yuan-settlements/
US Army Secretary Dan Driscoll is preparing to leave the Trump administration after what a new report has described as months of tension with Secretary of War Pete Hegseth, potentially triggering another change at the army’s top echelons.
According to the Friday report by The Wall Street Journal, Driscoll is expected to step down before the end of the year and could leave his post earlier. The newspaper cited people familiar with discussions over his departure.
The Journal reported that Driscoll and his family vacated the official residence assigned to the army secretary at Joint Base Myer-Henderson Hall this summer, a move that could indicate he was preparing to leave the position.
The reported departure would come at a time of continuing uncertainty at the top echelons of the army.
Hegseth abruptly removed Army Chief of Staff Gen. Randy George in April, while Trump has not yet nominated a permanent successo....more below
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The Islamic Revolution Guards Corps (IRGC) warns the enemies that any act of aggression against the Islamic Republic will not go unanswered.
In a statement on Thursday, the IRGC issued a “stern warning” to the enemies after US forces launched strikes against the southern Iranian port city of Bandar Abbas.
Following the US military attack on a point on the outskirts of Bandar Abbas Airport with aerial projectiles, the IRGC carried out new strikes targeting the US air base from which the attack originated in the wee hours of Thursday, it added.
“This response is a serious warning to the enemy that they should know the act of aggression will not go unanswered,” the IRGC emphasized.
The elite military force warned of a “more decisive” response if the enemy repeated any act of aggression.
It also said the responsibility for the consequences of any IRGC response lies with the aggressor.
The statement comes after the IRGC Navy on Thursday forced an American tanker to turn back. The tanker ...
