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Yuan to replace dollar as global reserve currency in coming decade — VTB CEO

Andrey Kostin urged to fully abandon the dollar and other ‘toxic’ currencies in payments

SHANGHAI, May 23. /TASS/. China’s yuan may become the main global reserve currency replacing dollar, in the coming decade, president and chairman of Russia’s VTB Bank Andrey Kostin said on Tuesday.

"China is the world’s second economy today, whereas it will become the first in the near future. There is every indication that particularly the Chinese yuan may replace the US dollar as the main global reserve and accounting currency in the coming decade," he said at a Russian-Chinese Business Forum in Shanghai.

The Bank of Russia already invests in the Chinese yuan, whereas in mutual Russian-Chinese trade the yuan together with the ruble account for more than 70% of payments, Kostin noted. Amid this background, he also urged to complete the development and introduce the digital yuan and the digital ruble as soon as possible, as well as implement measures connected with ensuring secure transactions between the two countries.

Chief executive of Russia’s second-biggest lender VTB also urged to fully abandon the dollar and other ‘toxic’ currencies in payments. "The sooner China refines the concept of payments and settlements abandoning the dollar with such a large trade and economic partner as Russia, the more protected and sustainable its financial system will be under any scenario," he explained.

Russian Finance Minister Anton Siluanov said in April that the ruble and yuan were already replacing the dollar in mutual settlements between Russia and China.

Earlier, Russian President Vladimir Putin said in an article for the People's Daily newspaper that the share of settlements in national currencies between Russia and China was growing.

Bank of Russia sells yuan worth $42.6 mln with settlements on November 20

The Bank of Russia carries out purchase and sale operations on the domestic market in the currency section of the Moscow Exchange in the yuan-ruble instrument

Russia to use revenues from frozen assets of Western investors — Finance Minister

Tit-for-tat measures will be implemented after receiving information about unfriendly actions of Western countries, Anton Siluanov noted

Russian troops raise flag in central Kurakhovo in Donetsk region — politician

Russian army units have advanced much farther into the city’s northern part, in particular, along the southern bank of the Kurakhovo reservoir, Vladimir Rogov specified

Russian troops liberate Ilyinka community in Donbass region over past day

Russia’s Battlegroup South inflicted roughly 500 casualties on Ukrainian troops and destroyed five enemy ammunition depots in its area of responsibility over the past day

China slams US nuclear policy for undermining global stability

The United States continues to modernize its nuclear triad, Lin Jian noted

Biden's decision on missile strikes on Russia is his 'last gasp' — Japanese lawmaker

Earlier, Muneo Suzuki emphasized on his blog that the decision that this decision by Biden on the tail-end of his presidency looked like "a last gasp"

Zelensky begs ‘for his country to be flattened’ — US journalist

"Ukraine should be forever grateful that President Putin is calm, rational and kind - because Zelensky is practically begging for his country to be flattened," American political commentator Jackson Hinkle said

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

Ukraine’s former top commander sought to blow up Turkish Stream pipeline, report says

According to the media, Valery Zaluzhny was so thrilled when he learned of plans to sabotage the submarine Nord Stream pipelines across the Baltic Sea that he sought to expand that operation

Russian Navy’s conventional sub makes business call at Malaysian port

It is reported that upon the completion of the friendly visit, the Russian and Malaysian Navies are set to conduct the PASSEX joint drills in the South China Sea

US uses veto right to block new UN Security Council draft resolution on ceasefire in Gaza

The resolution was drafted by ten non-permanent members of the Security Council and consists of nine paragraphs, the first of which calls for an immediate, unconditional and permanent ceasefire respected by all parties

Russian forces dislodge Ukrainian troops from half of positions in Kurakhovo in DPR

The Ukrainian military is attempting to move reserves to the city’s western outskirts as shown by data-recording equipment, the source said

Gallup poll shows sharp decline in Ukrainian support for American policies

The number of people who oppose what the US authorities are doing has risen by 21% and now stands at 37%

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

Col. (Ret.) Lawrence Wilkerson confirmed to TASS that the launch of ATACMS missiles would be impossible without "US/NATO satellite feeds and/or personnel"

Trump to rely on forces that brought him to power — Russian presidential aide

Nikolay Patrushev agreed that Trump, when he was still a candidate, "made many statements critical of the destructive foreign and domestic policies pursued by the current administration"

Putin orders protection of critical infrastructure, including Crimean Bridge — Kremlin

Kiev has not accepted the legitimate results of the 2014 referendum, in which the people of Crimea and Sevastopol voted to become part of Russia, and is displeased by the operation of the Crimean Bridge, which connects the Kerch Strait with the Krasnodar Region

Russia encircles largest Ukrainian fortification in southern DPR — security services

"The enemy positioned in the fortified area in Velikaya Novoselka in the south of the DPR is already trapped in a kill zone," the source said

Defeating Ukrainian forces near Olgovskaya wood, enemy losses: situation in Kursk Region

The Russian Armed Forces have completed the destruction of a Ukrainian battlegroup blocked in the area of the Olgovskaya wood

US Congressman urges to impeach Biden for allowing strikes deep into Russia

"By authorizing long range missiles to strike inside Russia, Biden is committing an unconstitutional Act of War that endangers the lives of all US citizens," Thomas Massie said

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

The company stated it would seek damages amounting to 230 million euro for failing to receive the contracted volume of gas from the Russian company for delivery to Germany

Putin’s Q&A session and press conference to be held on one of December Thursdays — Kremlin

"The direct line and press conference are being prepared," Dmitry Peskov said

FACTBOX: What is known about UAV attacks on Russian regions

During the night, air defenses intercepted and destroyed two Ukrainian UAVs in the skies over the Rostov and Volgograd regions

Official declines to say if US gives Ukraine targeting data for Storm Shadow missiles

US State Department Spokesman Matthew Miller also declined to discuss the presumed first strike on Russia with the missiles

West’s decision on missile strikes gives Russia free hand to attack NATO bases — expert

According to Dmitry Suslov, retaliatory measures may include the handover of more advanced weapons to the forces "that are directly fighting against the US, particularly, in the Middle East"

US sees no preconditions for Russia to use nuclear weapons — news agency

According to the report, the updated nuclear doctrine did not come as a surprise for Washington

Six European countries accuse Russia of allegedly attacking security architecture

"Moscow's escalating hybrid activities against NATO and EU countries are unprecedented in their variety and scale," the statement reads

Ukrainian frontline may 'collapse' under onslaught of Russian forces — BBC

According to the experts, Ukraine’s incursion into Russia’s borderline Kursk Region turned out to be a "strategic catastrophe" amid "manpower shortages"

Ex-German chancellor never expected Russia to tolerate Ukraine’s NATO membership — memoir

Angela Merkel added that another fallacy was the belief that the status "would act as a deterrent," and that Moscow "would accept these developments without taking action"

Japanese lawmaker praises Putin's restraint amid decision to strike deep into Russia

Top EU diplomat Josep Borrell confirmed that the US administration had lifted restrictions for US-supplied missiles to be used for strikes up to 300 kilometers inside Russia

US decision on strikes inside Russia stems from malice rather than strategy — journalist

According to Sumantra Maitra, Washington’s move will not improve Kiev’s situation

Kiev suffering fiasco on entire front line — aide to DPR head

Igor Kimakovsky said that "if the West is not physically involved in this war, that is, if NATO is not involved, then Ukraine is actually losing"

Putin confirms Russia’s readiness to assist CAR with security challenges

"Both leaders exchanged views on regional issues, focusing on the fight against the terrorist threat and ensuring stability across the Central African Republic," the statement reads

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

According to th statement, London is promoting new rounds of escalation

Zelensky admits Ukraine can't fight its way back to 1991 borders

Vladimir Zelensky also talked about the Crimean Peninsula, stating that Kiev is ready to "bring Crimea back diplomatically"

Putin ready for talks on Ukraine, including with Trump — Kremlin

The Russian president has repeatedly affirmed Moscow's readiness for negotiations on Ukraine, however, such talks have been legally prohibited by the Kiev regime

More desperation in Zelensky's appeals, ex-NATO commander says

According to Stavridis, the Ukrainian armed forces are facing "mounting personnel losses," while Kiev is growing concerned about the possibility of the incoming US administration

Ex-UK Labor party leader wants PM to clarify situation with Storm Shadow missiles

Jeremy Corbyn called for de-escalation of the situationin Ukraine and the search for a diplomatic solution to achieve peace

Allowing Ukraine to strike deep inside Russia with US weapons irresponsible — Slovak PM

Robert Fico noted that authorizing the use of long-range weapons for strikes against Russia would not alter the balance of power in the conflict zone

Press review: Uranium costs soar as Moscow updates nuclear doctrine and US OKs attacks

Top stories from the Russian press on Wednesday, November 20th

Moscow’s response to strikes with Western arms on Russian soil to be felt — diplomat

The New York Times reported on November 17 that US President Joe Biden had authorized the use of US-supplied ATACMS tactical ballistic missiles for strikes inside Russia

Russia counts on West's responsibility in nuclear deterrence issues — Kremlin

Earlier, Russian President Vladimir Putin decreed to update the country’s nuclear doctrine, the Basic Principles of the State Policy of the Russian Federation on Nuclear Deterrence

ATACMS missiles unlikely to keep Kiev from losing conflict — American expert

Daniel Davis also noted that "continuing to ignore reality" would only increase "the ultimate cost of losing" the conflict for Ukraine

Russia’s revised nuclear doctrine makes defeat over its army impossible — SVR chief

According to the latest version of the document, the core principle is that nuclear weapons are a last resort to ensure the protection of the country’s sovereignty

Biden’s actions increase likelihood of escalation in Ukraine — PM

Viktor Orban asserted that the government’s mission is to prevent Hungary from being dragged into the Ukrainian conflict

Decision on strikes inside Russia seals US puppet Zelensky’s fate — commentator

The New York Times reported earlier, citing sources, that US President Joe Biden had authorized the use of US-made ATACMS tactical ballistic missiles for strikes inside Russia

Lukashenko tells Putin situation is "starting to get tense with Wagner"

The Belarusian leader noted that they want to go to Warsaw

Ukraine, not Russia, posing a threat to the Baltic region — Kremlin

Two underwater cables were damaged in the Baltic Sea on November 17 and 18

Trump may soon start talks with Russia following Biden’s decision on ATACMS — news agency

According to Andreas Kluth, the decision on ATACMS may have been another attempt by the current Washington administration to provide Ukraine with support until the president-elect comes to power

US is now at war with Russia, Ritter says

According to former US intelligence officer Scott Ritter, the United States "is a direct party to the invasion and occupation of Russian soil," because it helped Kiev plan its incursion into the Kursk Region

Iran claims to have disabled Israel’s Iron Dome air defense in past strikes

Major-General Gholamreza Soleimani stressed it was essential to inform the world that Israel had failed and now survives solely relying on support from the United States

Putin previously warned about Kiev's attempts to blow up TurkStream pipeline — Kremlin

According to the newspaper, Zaluzhny was so enthusiastic about the Nord Stream pipelines sabotage that he "even wanted to expand" the operation

Russian troops liberate Dalneye community in Donbass region over past day

Russia’s Battlegroup South inflicted roughly 380 casualties on Ukrainian troops and destroyed a British-made howitzer and four US-made artillery guns in its area of responsibility over the past day

Canada neglects its sovereignty by approving transfer of land mines to Kiev — diplomat

According to Oleg Stepanov, since the authorities of the country have long acted, "especially in security matters, according to the rule 'what Uncle Sam says, so Ottawa will do' and don’t blush about this."

Russian forces strike ammo plant in Ukraine’s Sumy Region in drone attack

The Impulse plant is Ukraine’s sole enterprise producing explosive devices: detonation primers, electric detonators, detonating cords, cartridges and ammunition for automatic and under-barrel grenade launchers

At least 66 people killed in Gaza Strip by an Israeli strike — Al Jazeera

It was also reported that over 100 people were wounded

No Western sanctions to limit Russia’s foreign trade — minister

All restrictions that Western countries impose affect themselves in the first place, Russian Finance Minister Anton Siluanov added

Biden's decision to use ATACMS on Russia threatens to kill Americans — Tucker Carlson

The journalist also criticized US House of Representatives Speaker Mike Johnson (a Republican representing the state of Louisiana) for "not even mentioning it in public or in leadership meetings" with factions in the lower house of Congress

Pentagon refrains from commenting on Ukraine’s missile attack on Bryansk region

Pentagon Press Secretary Sabrina Singh also declined a request to comment on the US permission to use ATACMS missiles for deep strikes on Russia

Humanitarian situation in Gorlovka harsh as Ukraine targets key infrastructure — DPR head

More than 80,000 users were left without power in Gorlovka on Tuesday morning due to the Ukrainian armed forces' shelling

US decision on missile strikes aimed at provoking Russia, expert says

According to Andrey Sushentsov, Biden is under pressure from Washington’s allies and "the hawks" in his government who believe that the US is not providing enough support to Kiev

Trump's new presidency will be fundamentally different from his first — expert in the US

"It is therefore reasonable to expect him to govern for the next four years in a more emboldened, assertive way, and many of his outsider cabinet picks are indicative of precisely that kind of approach," the analyst believes

Ukraine has around 50 ATACMS missiles — The Times

According to the report, the Ukrainian military has sufficient launchers that are capable of firing them

Biden’s decision to use ATACMS against Russia may 'blow up in America’s face' — US expert

According to Daniel Davis authorizing US long-range weapons to be used against Russia is "foolhardy to the highest order," "especially because there is no military upside for doing so"

Russian forces push Ukrainian troops 10 km away from Lisichansk in LPR — expert

Russian troops have taken new lines and positions northwest of Zolotaryoka as a result of successful operations

Russia to address NATO’s engagement in strikes deep inside country — SVR

Sergey Naryshkin observed that the military and political elites in the West are increasingly recognizing the gravity of Russia's intentions and the need for greater caution in their actions

NATO deployment to Ukraine would mark its entry into the war, Russian diplomat warns

According to Maria Zakharova, the Estonian minister is inciting other NATO members to engage in a venture that is "bound to fail"

Rubicon center drones hit Ukrainian equipment in Russia's Kursk Region

The Russian Defense Ministry released footage showing the destruction of the enemy equipment

Indonesia accepts invitation to become partner state in BRICS, ambassador announces

In this role, Indonesia "will actively contribute to and participate in any initiatives of BRICS," Jose Antonio Morato Tavares emphasized

Press review: Russian air defenses can down Western missiles as EU conducts live exercise

Top stories from the Russian press on Tuesday, November 19th

Moscow, Minsk in constant contact on potential threats to Belarus — Kremlin

"We have obligations to ensure the security of our ally Belarus within the framework of the Union State, and these obligations are enshrined in the recently published Basic Principles of the State Policy of the Russian Federation on Nuclear Deterrence," Dmitry Peskov pointed out

Putin sends message to those seeking to 'add fuel to fire' before Trump’s return — expert

The likelihood of a direct armed conflict with NATO is increasing because some individuals in the alliance are ready to raise the stakes ahead of Trump’s inauguration, Andrey Bystritsky emphasized

Elon Musk denies his impact on Trump’s decisions on nominates for cabinet positions

This is how the billionaire commented on the article in The New York Post, which claims that he is a close ally of Trump and influences appointments to the future US administration

US takes responsibility for Palestinian deaths by vetoing UNSC resolution — Russian envoy

Vasily Nebenzya noted that Russia has no doubt that "the Israelis themselves are also interested in ending the spiral of violence"

French Foreign Ministry refuses to disclose number of SCALP missiles shipped to Ukraine

Ministry Spokesman Christophe Lemoine also avoided answering if Paris supports strikes with these missiles on Russian territory, only saying that the missiles were shipped to Ukraine, and Ukraine

Netanyahu arrives in Gaza, offers $5 mln for each released hostage

"The choice is in your hands, but the result will be the same," the prime minister said

Press review: US lets Kiev use anti-personnel mines and Iran may halt uranium enrichment

Top stories from the Russian press on Thursday, November 21st

UK police say no video evidence of Russians’ involvement in Salisbury case

According to the report, CCTV cams were not installed on Christie Miller road in Salisbury

Belarusian security agency says Minsk aware of Poland’s efforts to prepare terrorist cells

"The Polish authorities were notified about this through the channels of countering international terrorism, but the only response to this, unfortunately, was increased secrecy measures on the part of the participants in these terrorist cells," the committee’s investigative department chief, Konstantin Bychek, said

Russia must be able to defend itself — Erdogan on revised nuclear doctrine

The Turkish leader reiterated that "both Russia and Ukraine are Turkey’s neighbors"

Ukraine conflict moves towards NATO-Russia direct clash — expert

Commenting on Ukraine's long-range missile strikes on Russian territory, Elena Basile remarked, "US President Joe Biden has decided to make the task of resolving the Ukraine conflict even more difficult for his successor"

Kremlin condemns report on Storm Shadow missile use against Russian targets as escalation

Dmitry Peskov chose not to respond to a question about whether Russia has proof that UK-made Storm Shadow missiles had been used against it

German defense minister says Ukraine reached parity in shells with Russia

Boris Pistorius noted that just a few months ago, Russia held an advantage in artillery shell stocks

Railroad development to strengthen ties with foreign partners — Russian PM

Mikhail Mishustin added that "it is necessary to modernize border crossings in coming years, including introduction of practice of electronic paperwork"

Russia’s special military operation to continue — Kremlin

According to Dmitry Peskov, the special military operation is taking longer because it started against the Kiev regime and is continuing as a war between Russia and NATO

US Senate refuses to block arms supplies to Israel

More than 60 out of 100 senators voted against the three corresponding resolutions, while 17 legislators supported them

US strategic forces ready for Biden-Trump transition — Pentagon

"The nuclear forces is ready on January 19, just like it will be ready on January, 20," Rear Admiral Thomas Buchanan said

US missile defense base in Poland long among Russian army’s targets — Foreign Ministry

Maria Zakharova stated that the US-NATO construction project, ongoing for nearly a decade with complete disregard to Russian security concerns, has consistently been a focus of Russia's attention

Ukrainian losses, captives, aid to civilians: situation in Kursk Region

Russian tactical and operational/tactical aircraft, missile forces hit enemy manpower and equipment in the Kursk and Sumy regions, the Defense Ministry reported

Freezing Ukrainian conflict unacceptable for Russia, says Kremlin

"It is important for us to achieve our goals, which are well known to everyone," Dmitry Peskov emphasized

Israel could annex West Bank in two weeks, journalist Hersh says

US State Department Deputy Spokesperson Vedant Patel told reporters last week that statements by Israeli Finance Minister Bezalel Smotrich about preparations for a possible annexation of parts of the West Bank in 2025 run counter to the two-state solution and are not conducive to peace

Trump to continue using Ukraine to contain Russia — Valdai program director

"The US continues to benefit from the Ukrainian crisis, regardless of which administration is in power," Andrey Sushentsov said

Bitcoin price exceeds $96,000, sets new historical record — Binance platform

Experts previously told TASS that Bitcoin could easily reach the $100,000 mark in the coming days and continue to grow further - up to $300,000 in the current growth phase

Zelensky to have no input if Russia, US negotiate, ex-Prime Minister says

Previously, Elon Musk said on the X social platform, commenting on Zelensky’s supposition that the United States cannot force Ukraine to "sit and listen" at the negotiating table because Ukraine is an independent country, that Zelensky has an "amazing sense of humor"

Russian forces gain foothold in central Chasov Yar in DPR — expert

While Ukrainian commanders have been making every effort to stabilize the situation in Chasov Yar, Kiev does not have enough soldiers, weapons or military hardware for that, Andrey Marochko said

Media from unfriendly states will be admitted to Putin's annual press conference — Kremlin

The last Direct Line Q&A session and year-end press conference was held on December 14, 2023

Japanese lawmaker urges global condemnation of decision on missile strikes on Russia

Muneo Suzuki described Joe Biden’s decision as "dangerous and provocative"

Moscow won’t allow US to silence UNSC as Washington backs Israel — Russian UN envoy

According to Vasily Nebenzya, the Security Council should "bring peace, stability and prosperity to the Middle East"

Russian army traps Ukrainian troops in Chasov Yar — intelligence center

The official reported that fighters from the 98th Airborne Division were engaged in fierce battles

NATO supports Ukraine not out of charity but for its own strategic interests — deputy head

Boris Ruge argued that NATO now has hundreds of thousands of troops that could be deployed to the alliance's eastern flank or elsewhere within ten days

Xi Jinping calls for unification of more voices for peace in Ukraine

"We need to bring together more voices of peace and pave the way for a political solution to the Ukrainian crisis," Chinese president said

Moscow-Washington hotline not in use now — Kremlin spokesman

Dmitry Peskov added that there have been no contacts via this new channel lately