S-400 missile systems put on combat duty in northwestern RussiaMilitary & Defense December 08, 8:47
Japanese Foreign Ministry officially announced Putin's visit on December 15-16World December 08, 7:04
Putin to meet with head of Eurasian Economic CommissionRussian Politics & Diplomacy December 08, 6:22
Russian envoy says relations with NATO started deteriorating long before Ukrainian crisisRussian Politics & Diplomacy December 08, 4:55
Contact Group agrees to settle water cuts issue in Lugansk within 7 days ― OSCE envoyWorld December 08, 2:58
Glencore expects deal on purchasing stake in Rosneft to close in mid-DecemberBusiness & Economy December 08, 2:03
Italian Prime Minister Renzi officially resignsWorld December 08, 1:27
43 ceasefire violations reported in Syria in 24 hours ― Russian Defense MinistryWorld December 08, 1:16
One reconciliation agreement signed in Syria in 24 hours ― Russian Defense MinistryWorld December 08, 0:26
MOSCOW, December 1 (Itar-Tass) —— Next decade, under consideration may be turning the yuan into the main reserve currency, Russian Foreign Minister Sergei Lavrov said.
Many developing countries that have created modern industry and substantially improved the population's welfare have benefited from the globalization, while developed states have experienced processes of deindustrialization and reduction of the middle class stratum, with clearer social stratification, the minister noted on Saturday, when speaking at the Assembly of the Council on Foreign and Defence Policy.
At present, it is a question of searching for solutions to overcome problems in economy of Europe and the United States. Experts say that China may come to the position of a leading economic power in five-six years. Then, evidently, the issue of turning the yuan into the main reserve currency may be raised, the minister said.
For the present, no changes are seen in the policy to continue inflational pumping up of American economy. The crisis of the euro zone assumes a protracted character, Lavrov noted.
Quite a new picture of the world is expected to be formed in the next 20 years. It envisages a painful process of re-adjusting of international relations, the minister added.