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Dollar will continue to function in Russia after changes in National Wealth Fund — expert

Head of the Accounts Chamber Alexey Kudrin believes that one of the reasons for this decision could be the sanctions imposed by the United States, or "fears that settlements with the state may be difficult in dollars"

ST. PETERSBURG, June 5. /TASS/. Russians will be able to use the US dollar for settlements, to store personal savings, and exchange it after the state abandons it in the structure of the National Wealth Fund, Head of the Accounts Chamber Alexey Kudrin said in an interview with Rossiya 1 TV channel on the sidelines of the St. Petersburg International Economic Forum (SPIEF).

"This [decision] does not cancel settlements in dollars, which are carried out anyway between all countries. [The dollar] is not illegal. … You can also keep your personal savings in dollars, but the state diversifies its reserves into other assets," he said.

Kudrin believes that one of the reasons for this decision could be the sanctions imposed by the United States, or "fears that settlements with the state may be difficult in dollars."

The 24th St. Petersburg International Economic Forum is being held on June 2-5. The forum’s business program will focus on the global and Russian economies, social issues, and technological development. TASS is the information partner and the official photo hosting agency of the forum.

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United States SPIEF - 2021

Russian stock market indices mixed on Friday — market data

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Russian embassy warns UK about dangers of calling for Moscow’s ‘defeat’

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US decision to allow missile strikes deep into Russia fuels global escalation — Slovak PM

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Western air defense systems unlikely to intercept Russian missiles — France’s Le Monde

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NATO enters conflict, Russia has every right to attack its targets now — expert

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Bundeswehr prepares plan for Operation Germany in case of war with Russia — newspaper

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Russia inflicts damage on gas production facilities used for Ukraine’s defense industry

Energy facilities backing Ukrainian defense industry extensively attacked

Soyuz rocket carrying Progress MS-29 cargo spaceship blasts off from Baikonur spaceport

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Putin’s recent statements reflect long-standing policy, expert says

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Trump seeks to restore peace in entire world — transition team on Putin’s address

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Internet shutdown possible in Belarus if events of August 2020 recur, Lukashenko says

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Ukraine should consider territorial concessions to Russia in return for peace — magazine

Foreign Policy pointed out that Western officials should stop insisting in public speeches on the need to achieve a strategic defeat for Russia

US admiral says Washington should be ready for talks with Russia, China

The Department of State and other US agencies "should continue to engage our competitors in real and substantive dialogue," Rear Admiral Thomas Buchanan said

US, European officials suggest returning nukes to Ukraine — NYT

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Russia’s re-election to UNCITRAL confirms its global reputation — Foreign Ministry

Russia got the support of 129 countries in a November 20 vote in New York at the 40th plenary session of the UN General Assembly

Western nations should take Putin's statement seriously, warns Hungarian PM

Viktor Orban recalled that Russia has "one of the most powerful armies in the world, which boasts the most advanced, most powerful weapons"

Tehran to launch new centrifuges in response to IAEA anti-Iran resolution — statement

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Western countries should 'be afraid, tremble' after Putin's statement — lawmaker

Andrey Kartapolov added that the special military operation in Ukraine "will continue its course until all tasks are completed"

Houthis say they attacked Israeli military base with hypersonic missile

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Russia’s reaction to Austrian OMV’s failure to pay for gas justified — MFA

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Commissioning of Oreshnik and new developments: Putin’s meeting with defense specialists

Here are the key statements, made during the meeting

Enemy has no countermeasures for Russia’s Oreshnik missile — Putin

Speaking in a televised address, the head of state assured that Russia will issue notifications before using this type of missile

Kremlin confident Putin's statement got through to US administration

Russian President Vladimir Putin said on November 21 that the United States and its NATO allies had earlier announced that they would authorize Ukraine’s use of long-range weapons to hit inside Russia, after which American and British missiles struck Russian military facilities in the Kursk and Bryansk regions

Oreshnik missile to change course of Ukrainian conflict, Medvedev believes

Russian Security Council Deputy Chairman Dmitry Medvedev said it in an interview

China urges restraint after Russia, Ukraine's exchange of attacks — foreign ministry

Lin Jian also reaffirmed Beijing's position on the Ukrainian issue

WIPO members adopt Riyadh Design Law Treaty

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Russia’s steel production plunged in October — WSA

China produced 81.9 mln metric tons in October, up 2.9% on an annualized basis

Zelensky fine with conflict continuing due to Western help — Slovak PM

Robert Fico pointed out that "more and more evidence show that the West seeks to prolong the war in Ukraine for various reasons"

Zelensky shook up by Russia’s response to permission to attack it — Lavrov

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