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Bretton Woods system dead and gone — Putin

"There is no other guarantee, so to say, other than confidence in the US economy, in the current global financial system," the Russian leader noted

ST. PETERSBURG, June 7. /TASS/. The Bretton Woods monetary system is dead and gone and the current one is based on the confidence in the US economy, Russian President Vladimir Putin said at the plenary session of the St. Petersburg International Economic Forum (SPIEF).

"The Bretton Woods system is long since dead; Jamaica Accords appeared to replace it. The Bretton Woods system was based on the gold equivalent. In 1976, decisions were made nearby at that time, the US decided to step back from the gold equivalent and the Jamaican system was created, which unpegged the dollar from gold," Putin said.

"Actually, what is the basis of this Jamaican system effective until now? Confidence in the US economy. Look, what is really happening today. There is no other guarantee, so to say, other than confidence in the US economy, in the current global financial system," the Russian leader noted.

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Also, softer overall demand conditions and material shortages made companies reduce the pace of production growth in the last month of 2024, according to S&P Global

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The top Russian diplomat pointed out that those accords should first and foremost address the root causes of the Ukraine crisis

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According to the Russian foreign minister, Paris proposed "to assist and facilitate dialogue on the Ukrainian issue"

CIA station in Kiev targeted in recent Russian attack, military expert reveals

According to Alexander Stepanov, strikes are systematic efforts to gradually wipe out the military capabilities of Ukraine

Azerbaijan Airlines plane tried to land twice at Aktau airport before crash

The Aktau air traffic controller promptly performed all necessary measures for the aircraft’s landing

Kazakhstan’s Aktau Airport was aware of oxygen cylinder blast before plane’s crash

KazAeroNavigation’s flight director immediately notified all emergency services

Press review: Putin outlines Russia's future goals and Tehran faces energy blackout riots

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Houthis say attacked US aircraft carrier in Red Sea, shot down US fighter jet

According to the Houthi spokesman, the strike on US vessels was delivered with the use of "eight cruise missiles and 17 drones"

Zelensky as commander-in-chief loses trust of army, population — MP

Aleksandr Dubinsky recalled the unsuccessful financing of Ukraine in the middle of the year

US may face bankruptcy if situation with national debt does not change — Musk

The US national debt for the first time climbed above $36 trillion on November 15

Crew of plane that crashed in Kazakhstan lost control due to system failure

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New Syrian government to prosecute former president's supporters refusing to surrender

"What has happened in Tartus, gives us even more resolve to eradicate the remains of Assad’s regime," Mohammad Abdul Rahman said

Denmark to strengthen control over Greenland after Trump’s words — top defense official

Denmark plans to increase the number of personnel at the Joint Arctic Command in the Greenlandic capital of Nuuk

FSB foils series of assassination attempts on senior Russian defense officials

The bombs intended for killing high-placed Russian Defense Ministry officials were disguised as a power bank and a document folder, the FSB press office specified

Russia’s still paying for gas transit through Ukraine — Putin

Pumping also continues through the Sudzha station, where military activities are ongoing

Two families with children return to Russia from Syria — commissioner

An aircraft landed in the Moscow Region, Maria Lvova-Belova said

Israel intends to ‘cut off tentacle’ of Iran's ‘axis of evil’ in Yemen — Netanyahu

Earlier, the Israel Defense Forces’ press office said that Israeli Air Force fighter jets struck military targets of the Houthi regime on the west coast and in the interior regions of Yemen

Canadian ministers going to US for consultations with Trump’s administration — TV

Canada’s Foreign Minister Melanie Joly and Finance Minister Dominic LeBlanc intend to continue consultations on issues discussed by Canadian Prime Minister Justin Trudeau with US president-elect

Gazprom plans to produce gas at some fields for another 110 years — CEO

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EAEU leaders approve 17 documents following summit in Leningrad region

These include an agreement on the single customs transit system, a decision on the entry into force of the free trade agreement with Iran, and an order on the functioning of the single services market within the EAEU

Kremlin will not speculate about causes of plane crash near Aktau — spokesman

Dmitry Peskov recalled that the day before during the informal summit of the CIS, Russian President Vladimir Putin offered deep condolences to the families and friends of the victims and wished a speedy recovery to the injured

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Sandu regime may seize Moldavan power plant in Transnistria — Russian Foreign Ministry

Maria Zakharova noted that "under such a scenario, the Russian peacekeeping presence in the region will be jeopardized"

No panic aboard crashed Azerbaijan Airlines plane, eyewitness says

The Azerbaijan Airlines Embraer 190, en route from Baku to Grozny, crashed near Aktau, Kazakhstan, on December 25

Egypt lost more than 60% of Suez Canal revenues in 2024 — administration

This stood at about $7 bln, in the outgoing year

No politics behind current absence of Russian ambassador in US — Lavrov

The top diplomat stressed that it was not a demarche

Russia, Argentina interacting at working level — Russian Ambassador

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Contract for gas transit to EU cannot be renewed before New Year — Putin

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Expert sees the collective West behind Ursa Major terrorist attack

Alexander Stepanov emphasized that "the goal of the enemy’s terrorist campaign on international shipping routes was to disrupt trade and economic cooperation"

Russia not setting preconditions for talks on Ukraine — Lavrov

The foreign minister stressed that Russia was deceived "when they stated that NATO would not expand eastwards and when they emphasized their commitment to resolve [the conflict] based on the UN Charter"

Relations between Argentina, Russia developing at parliamentary level — Russian Ambassador

According to Dmitry Feoktistov, at the same time "a freeze is observed at political and economic level"

Russian fighters control about 40% of Terny in Donetsk region, military expert says

Andrey Marochko added that Russian servicemen have advanced east of Yampolovka, bringing the distance between that village and Russia’s frontline positions to less than 1.2 miles

Decision-making centers in Kiev may be targets of Russia’s strikes, says Lavrov

Moscow selects targets for strikes on the territory of Ukraine, proceeding solely from threats to Russia, the foreign minister stressed

WHO chief says unhurt in Israeli air attack on Yemen airport

Tedros Adhanom Ghebreyesus explained that he had arrived in the Yemeni capital to negotiate the release of UN staff and to assess the humanitarian situation in the country

Finnish police detain oil tanker on suspicion of damaging communication cables

It is also reported that the Eagle S "noticeably slowed down" presumably at the moment when the cable between Finland and Estonia was damaged

US-made Abrams tanks in Taiwan won’t help island — China’s defense ministry

The Chinese People's Liberation Army will comprehensively strengthen military training to prevent a separatist plot by supporters of Taiwan independence and interference by outside forces, according to Spokesman Zhang Xiaogang

Lukashenko says he discussed gas supplies to Europe with Putin, Russia ready to sell them

The Belarusian leader believes that Germany should restore relations with Russia for the sake of its own economy

EU to impose new sanctions on ‘Russian shadow fleet’ over Baltic Sea incident

In addition, the European Union is strengthening protection of the bloc's undersea cables

Dutch citizen remanded in custody in Moscow on charges of assaulting police officer

Harry Johannes van Wurden should be taken into custody for two months, until December 3

Russian Cabinet to hold closing meeting in 2024

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"Following the sirens that sounded in several areas in central Israel, one missile that was launched from Yemen was intercepted before crossing into Israeli territory," the press service says

More than 20 countries show interest in BRICS — Kremlin aide

Yury Ushakov noted that uncontrolled expansion of the association would break its backbone

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The Cordelia Moon is 274 meters long and 50 meters wide

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The experiment that allowed testing the supercomputer prototype took place on December 19, the Moscow State University said

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Alexander Kurenkov noted that "this classification will enable the deployment of additional resources and personnel from federal executive authorities and state corporations, as well as provide necessary financial assistance to the affected entities from the Russian government’s reserve fund"

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Russian fighters advance in Volchansk in Kharkov Region, force Volchya River — expert

Andrey Marochko added that Russian servicemen "start preparing the way for further advancement southwest of this locality"

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Zelensky defines essence of next summit on Ukraine in four-letter explicit word — Lavrov

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Pentagon mum on F-16 fighter jet downed in Zaporozhye Region

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Astana, Moscow, Baku will not hide information on plane crash — Senate speaker

Maulen Ashimbayev warned against premature conclusions concerning an external impact on the plane based on photographs, noting that certain forces were trying to derive dividends

Putin congratulates Emergencies Ministry’s staff on professional holiday

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Russia to press for progress on line of engagement — Putin

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Putin says he receives information about frontline situation round the clock

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Oreshnik missile systems still few, but they are enough — Putin

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US disrupts payment of Russian contribution to ICRC budget — Foreign Ministry

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Salome Zourabichvili also promised to announce her further plans on Monday

Israel says strikes on Yemen serve to retaliate for earlier Houthi attacks

The country’s Foreign Minister Gideon Saar called the Houthi rebels "the centerpiece of Iran's axis of evil"

El Al suspends Tel Aviv - Moscow flights

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Russian forces break through Ukrainian defense lines in Kharkov Region — expert

Marochko added that the operation allowed Russian troops to "expand their zone of control" in the area

Kremlin admits legal action over transfer of $1 bln from Russian assets to Ukraine

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