{{dayPoint.date | date : 'd MMMM yyyy'}}

{{newsPoint.title}}

{{newsPoint.title+ ' '}}

{{newsPoint.subtitle}}

Russia considers it necessary to create SWIFT counterpart for BRICS countries

The development and implementation of their own financial messaging system will allow the BRICS countries to reduce their dependence on Western financial institutions

MOSCOW, July 25. /TASS/. The creation of a financial messaging system similar to SWIFT will help create a new economic reality for the BRICS countries, Deputy Chairman of the Russian State Duma Alexander Babakov said.

According to him, Western banks and funds will not finance the development of the African continent, which would take it out of neocolonial control - such development requires various institutions, in particular, an investment bank and a clearing bank rolled into one.

"The financial agenda of the BRICS has a main initiative for building a new economic reality that solves both major tasks - creating our own financial messaging system for the BRICS countries, similar to SWIFT, based on state-owned banks capable of clearing settlements of counterparties from the BRICS countries and the related role of the same bank," Babakov said.

The development and implementation of their own financial messaging system will allow the BRICS countries to reduce their dependence on Western financial institutions and increase national financial autonomy, with the help of which these countries will be able to carry out financial transactions without the intervention of external parties, he believes.

"It is necessary to create a new system of financial institutions. The new system must be technically compatible with the existing financial infrastructures of the participating countries, which includes integration with national payment systems, banks, and other financial institutions. At the same time, the system must ensure a high level of security and data protection to prevent cyber-attacks and unauthorized access to financial information," he added. According to him, this will require the introduction of advanced encryption and cybersecurity technologies.

Creating such a system will lead to an increase in economic efficiency due to the reduction of transaction costs, as well as the acceleration of transactions themselves, which will in turn speed up the turnover of capital and improve liquidity, the deputy noted. "This is especially important for companies engaged in international trade," Babakov emphasized.

Russian energy minister anticipates stable fuel prices in long-term perspective

According to the minister, the country’s oil sector has reserves of two million tons of gasoline and 3.5 million tons of diesel fuel and manages to offer high supply on the market

Putin slams Germany's refusal to turn on Nord Stream 2 as lunacy, nonsense

If Nord Stream 2 is brought back online, 27.5 bln cubic meters of gas would immediately go to Europe, the Russian leader stressed

Diplomacy's efficiency declined amid lack of trust — Russia’s foreign policy concept

Earlier, it was reported that Russian President Vladimir Putin signed decrees dismissing Russian Ambassador to Latvia Mikhail Vanin and Russian Ambassador to Estonia Vladimir Lipaev

US-led coalition’s aircraft violate Syrian airspace 12 times in past day

A pair of the coalition’s F-15 fighter jets (three times), a pair of Rafale fighter jets, as well as a pair of A-10 Thunderbolt attack bombers (two times) violated Syria’s airspace in the al-Tanf area

Houthis down US MQ-9 Reaper drone — rebel representative

This is the eighth drone of the US air forces of this type downed by the rebels over the airspace of Yemen since the start of escalation

Mercenary activities and Ukraine’s losses: What is known about situation in Kursk Region

The enemy has lost more than 7,800 troops since fighting began in Russia’s borderline Kursk Region

Russia to continue raising topic of West’s involvement in attacks on Kursk Region at UN

According to Zakharova, such contacts are maintained via the foreign ministry, "via embassies, via exchanges of notes, via isolated targeted missions."

Nearly 270 cyberattack on Moscow’s e-voting system repelled

Meanwhile, the headquarters’ chief, Vadim Kovalev, said that no serious violations or incidents that might impact the outcome of the voting have been reported in Moscow

Conflict in Ukraine to be settled through talks — Pentagon chief

"We are going continue to work to put Ukraine in the best possible position" for peace talks, Lloyd Austin pledged

Russia becomes largest economy in Europe, 'being right in hot pursuit of Japan' — aide

Maxim Oreshkin stressed that the gradual loss of all these elements leads to long-term stagnation of the European economy

Israel committed to achieving its objectives in Gaza Strip — Netanyahu

"The great majority of Israel's citizens are not falling into this Hamas trap," he stressed

Russian forces use drones in road mining to wipe out enemy vehicles — businessman

According to Alexey Chadayev, the new method has an advantage in that a mining device can be produced directly at the site of combat

Poland at risk of direct confrontation with Russia, Belarus — Medvedev

According to the politician, "Poland's reckless actions, if rashly supported by its NATO allies, may have far-reaching dangerous consequences for the entire world"

Ruling party leader hails elections in Russia as complying with country’s laws

The Single Voting Day was held throughout Russia on September 6-8, when almost 4,000 election campaigns held

FACTBOX: Striking Ukrainian reserves: situation in Kursk Region

Russian aviation has hit Ukrainian reserves in 15 localities in the Sumy Region over the day

Over 460,000 children vaccinated against polio in Gaza Strip — agency

President of the United Arab Emirates Sheikh Zayed bin Sultan Al Nahyan earlier ordered to allocated $5 million to support the campaign

BRICS countries may present instruments for mutual settlements at summit in Kazan

The key principles in designing the new financial system are decentralization of international interaction and the use of digital technologies, Andrey Mikhailishin said

US charges political scientist Simes, his wife with violating American sanctions

According to the statement, the two suspects sought to "launder funds obtained from that scheme"

Collapse of Operation Citadel 2.0

Russia’s elections going on correctly, apart from individual party representatives — CEC

Central Election Commission Chairwoman Ella Pamfilova added that the CEC also registered unsuccessful attempts by pro-Western opponents to destabilize the election through the information space

Russian forces liberate DPR’s Novogrodovka

Also the Defense Ministry said that Russian servicemen have hit a temporary deployment site of Ukraine’s Special Operations Center South

Typhoon Yagi kills 14 people in northern Vietnam, over 180 injured

The typhoon ripped off roofs and damaged thousands of homes, shattering glass and the facades of many high-rise buildings

Vietnamese parliament speaker arrives in Moscow on official visit

Melnikov said earlier, that the Vietnamese parliament speaker would pay a visit to Russia from September 8 through 10 to discuss aspects of interbank cooperation, trade, and joint projects

Trump vows to prevent Third World War if re-elected US president

According to Donald Trump, the fact that the US had "a weak man as president" precluded any possibility of avoiding the conflicts in Ukraine and in the Gaza Strip

Voting in Russia proceeding without violations — human rights ombudsperson’s office

The Single Voting Day is being held throughout Russia on September 6-8, when almost 4,000 election campaigns being underway

Syrsky to be fired over fallout from attack on Kursk Region, says Ukrainian politician

Ukraine’s former Interior Minister Yury Lutsenko said that the best Ukrainian units and equipment had been deployed to the Kursk Region

Press review: Putin meets with global movers and shakers and ZNPP welcomes IAEA chief

Top stories from the Russian press on Thursday, September 5th

Press review: Mongolia shoves Putin's arrest warrant and big deals abound at EEF

Top stories from the Russian press on Wednesday, September 4th

Ukraine’s troops cling to outskirts of Krasnogorovka, sustain daily losses — DPR head

Denis Pushilin said Russian soldiers were very resourceful in selecting methods and tactics of liberating the city, as well as rescuing the local population

INTERVIEW: Russia to address issue of efficient use of ports for energy export

Currently, in Russia, only 50-60% of the port capacity for energy exports is used

Putin inspects Pacific Fleet corvette in Russia’s Far East

The flotilla chief told Putin about the troops and means from his unit as well as their operational procedures

EAEU, SCO, BRICS can become backbone of global economic regulatory system

According to him, it is necessary to remove existing legislative barriers, primarily in the area of taxation and currency control

Ukrainian drone shot down over Kursk Regions — defense ministry

"At about 4:30 p.m. Moscow time (1:30 p.m. GMT) on September 8, 2024, another Kiev regime’s attempted terrorist attacks on facilities in Russia’s territory with the use of fixed-wing unmanned aerial vehicles was thwarted. A Ukrainian unmanned aerial vehicle was destroyed over the Kursk Region," it said

Final day of regional, municipal elections starts in Russia

Residents of 25 Russian regions will have an opportunity to cast their ballot in an online vote

Algeria’s incumbent president wins early election — agency

The voter turnout was 48.03%

Serbia sees how high Putin values it — deputy PM

The deputy prime minister pointed out that the presence of high-ranking officials at the meeting was meaningful for Serbia

12 fuel tanks catch fire in Belgorod Region after Ukraine’s drone attack

The region’s governor, Vyacheslav Gladkov, wrote on his Telegram channel earlier that a fuel storage facility had been attacked by a Ukrainian drone in the region

Russian missile cruiser Varyag enters Mediterranean Sea

The ship's crew continues to fulfill the mission it was given for the long-range voyage

Ukraine loses over 11,220 troops since start of hostilities in Kursk area

Russian servicemen repelled five Ukrainian attacks, the Russian Defense Ministry said

CEC sees no intense activities by anti-Russian elements during these elections

The Single Voting Day is being held throughout Russia on September 6-8, when almost 4,000 election campaigns being underway

INTERVIEW: Ban on export of gasoline not to cause decline in its production — minister

The ban on export of gasoline from Russia has been extended from September 1 until the end of 2024

West’s attempts to influence elections in Russia failed — lawmaker

"But, whereas they launched a campaign for those they support in Moscow, they opted for a different tactic in St. Petersburg - against those they did not like, the so-called anyone-but.. action. A range of illegal canvassing materials were published," he noted

Ukraine loses over 600 men after Russian attack on Poltava military school — politician

Igor Mosiychuk noted that the blame for what happened lies mainly with the Ukrainian military authorities, who allowed such a large number of servicemen to gather in one place

Russian energy minister anticipates stable fuel prices in long-term perspective

According to the minister, the country’s oil sector has reserves of two million tons of gasoline and 3.5 million tons of diesel fuel and manages to offer high supply on the market

Russia plans to create 90 nm lithography machine — minister

The first commercial specimen of the lithographic printer operating on the 350 nm topology already appeared this year

Belarusian tennis player Sobolenko wins US Open

The match ended 7-5, 7-5 in favor of Arina Sobolenko, who was seeded number two at the tournament

Ukrainian shell hits residential house in Belgorod Region, two children injured

A 9-year-old boy with a head injury and a laceration of the left shin and his 7-year-old brother with a closed head injury are in serious condition, Governor Vyacheslav Gladkov reported

Russian troops destroy over 18,500 military drones in Ukraine operation — top brass

The Ukrainian military lost roughly 390 troops and 2 armored vehicles in battles with Russian forces in the Donetsk area over the past day, Russia’s Defense Ministry reported

Kremlin not yet started preparations for Putin's Direct Line Q&A session

Kremlin Spokesman Dmitry Peskov said that the Direct Line session would be held closer to the New Year and would again be combined with the year-end press conference

Germany does not give Russia reliable information on Nord Stream sabotage case — envoy

Ambassador to Berlin Sergey Nechayev emphasized that the project involves not only Russia, but also many other countries as well

Summer Paralympic Games in Paris declared closed

The closing ceremony is being held at Paris’ Stade de France stadium

Russian diplomat summoned to Latvian MFA over reports about fallen Russian drone

A similar incident was reported in Lithuania

White House irked by Putin’s ironic comment about US elections

Earlier the Russian leader said ironically that after incumbent US President Joe Biden "had been withdrawn" from the presidential race, Moscow came "to back" his successor Kamala Harris

Over 100,000 people take to streets in France protesting against Macron’s policy

Apart from Paris, massive rallies took place in Nantes, Nice, Marseille, Rennes and other major cities

Russia's UN mission says Ukrainians cannot be trusted

Russia's First Deputy Permanent Representative to the UN Dmitry Polyansky also pointed out that the attack from Ukraine on the Kursk Region was "an incursion of terrorist sabotage groups"

Russian Su-34 jet hits Ukrainian forces in Kursk border area with aerial bombs

According to the Defense Ministry, after receiving confirmation from the intelligence service that the targets had been destroyed, the crew returned safely to the airfield

Serbian Deputy PM Vulin to take part in BRICS meeting on security in St. Petersburg

A meeting of BRICS and BRICS+ high representatives in charge of security issues will be held in St. Petersburg on September 10 through 12

Germany to do its utmost to investigate Nord Stream pipelines blasts — Scholz

In an interview with the ZDF television channel, he was asked whether he trusted Ukrainian President Vladimir Zelensky following reports about Kiev’s involvement in the blasts

Potential catastrophe at Kursk NPP to affect entire Europe — Russian officer

He said that he doesn’t understand "why Europe as yielded to America’s globalist interests and is doing everything it can to let America stage a catastrophe that would affect not only Russia and Ukraine, but also entire Europe."

Kiev reiterates hopes for Moscow’s attendance of second peace conference

"It is very difficult to end this war diplomatically without the Russian side," Ukrainian President Vladimir Zelensky said

Sibur covers two thirds of construction sector’s polymers demand — executive director

"Since 2022, we released more than fifteen new grades to substitute traditional solutions and for import phase-out of more than 100,000 products," Alexander Petrov said

Author of "My Heart Will Go On" hit dies in US

He had been in declining health for the past 5-6 years

Bitriver to launch 100 MW datacenter in Buryatia this year — CEO

This is the largest facility built from scratch among all datacenters in the country

Ukraine runs out of money to pay its military — Rada committee

Roksolana Pidlasa clarified that the difficulties regarding the payments arose as the US did not provide military assistance to Kiev in the first quarter of 2024 due to delays in the approval of the relevant bill in Congress

Russian units expand offensive bridgehead in DPR over week

According to the report, the Russian forces liberated several residential areas in the region

BRICS expansion enhances group's economic standing — UAE Finance Ministry

In August 2023, six new members were invited to join the BRICS group, including Argentina, but in late December it refused to join

Single Voting Day over in Russia

Local legislative elections took place in 13 Russian regions

Belgrade, Moscow to soon start negotiations on gas contract — Serbian deputy PM

The official emphasized that he "cannot imagine" a situation in which Serbia would survive the current winter without Russian gas

Russian forces wipe out Ukrainian training center with NATO instructors in Poltava

Vladimir Saldo stressed that the military bloc is providing both financial and administrative support for the operation of such centers

Human rights official: Dima Yakovlev adoption law may be revised after ECHR decision

Earlier on Tuesday, the European Court of Human Rights ruled that Russia’s Dima Yakovlev law violated the rights of potential adoptive parents from the US

First Starships to Mars to launch in two years, Musk says

If those landings go well, then the first crewed flights to Mars will be in 4 years

Lavrov says his only meeting with Kuleba lacked constructiveness

The minister noted making an exception while visiting Antalya - there were no plans to participate in this diplomatic conference, because it did not fit into the schedule

Russian army destroys Ukrainian tank with Lancet in Kursk border area — Defense Ministry

The drone strike was confirmed by live video footage

Landing humans on Mars needs international collaboration — former NASA chief

However, the former chief of the US space agency was skeptical about the prospect of a private company’s capability of sending humans to Mars alone

Paris sees 26,000 people take to streets protesting against Macron’s policy — prefecture

Against this backdrop, Jean-Luc Melenchon, founder of the leftist France Unbowed party, said about the onset of the "right of the strongest" in France and called on supporters for a "long-term struggle" against Macron’s policy

Press review: Big bucks flow at EEF and Macron's PM pick has left talking impeachment

Top stories from the Russian press on Friday, September 6th

Kremlin won’t help US 'decipher' Putin's remarks on Harris

Dmitry Peskov noted that unfortunately the issue of Russia is an integral part of the political struggle in the United States

Philippines storm Megi: 214 killed and 132 missing

An emergencies situation was declared in 61 cities and municipalities

Russia offers safe haven for people trying to escape Western liberal ideals

Under the document, such foreign nationals will have the right to apply for temporary residence in Russia "outside the quota approved by the Russian government and without providing documents confirming their knowledge of the Russian language, Russian history and basic laws"

Iranian President plans to attend BRICS Summit in Kazan — Ambassador

There Masoud Pezeshkian plans to meet with Russian leader Vladimir Putin, Kazem Jalali said

Four villages in Belgorod Region attacked by Ukrainian drones

According to the governor, a minivan was damaged in the village of Dronovka, two single-family houses were damaged by in the villages in Novopetrovka and Murov

Lavrov arrives in Riyadh to take part in Russia-Gulf Cooperation Council meeting

The heads of the delegations will also discuss the situation in the Middle East, including the escalation of the Palestinian-Israeli conflict, developments in Syria, Yemen, and Libya

Ukrainian army loses 444,000 troops during military operation — Shoigu

According to the Russian defense minister, the liberation of several residential settlements in Donbass, disclosed Kiev attempts to prevent the collapse of the front

French war correspondent says country had hand in planning attack on Kursk

It is reported that France strategically calls its military specialists in Ukraine mercenaries to avoid responsibility

Russia says its Grad MLRS destroys Ukrainian positions near border in Kursk Region

The ministry said that, in cooperation with forward reconnaissance teams and unmanned aircraft, Grad crews strike enemy locations, strongholds and observation posts

Expert who predicted Biden, Trump victories says Harris to win

American historian and political scientist Allan Lichtman explained that he bases his predictions on his own system, which takes into account 13 key factors

Scholz says it is time for discussing ways out of conflict in Ukraine

At the same time, he pledged that Germany would continue its assistance to Kiev but admitted that the results of the regional elections in Germany, where parties opposing weapons supplies to Ukraine won the majority, "stem from the fact that some people are against support for Ukraine."

Ruslan Kukharuk elected governor of Khanty-Mansiysk Region

Thirty-three out of 36 deputies voted for him

Kiev violating legal, humanitarian rules of warfare — Belarusian security chief

According to Volfovich, these violations are committed with the tacit connivance of Ukraine’s Western partners

Kiev’s allies worried Ukraine could be pushed out of Kursk border area in a few months

Bloomberg reported that Ukrainian President Vladimir Zelensky said that Kiev could use the situation in the Kursk Region "as a bargaining chip in talks"

World opting for BRICS as it is tired of US’ aggression — Russian diplomat

When asked why so many countries are seeking BRICS membership, Zakharova said that the world is tired of "America’s claims," attacks and "implicit or even explicit aggression."

Medvedev touts Russia as global leader in drone warfare thanks to special op

The Russian Security Council deputy chairman pointed out that no one could have imagined that drone usage would become so widespread before the special military operation

US, Europe working on substitutes for S-300 system, R-27 missile — Pentagon chief

Earlier, Western media outlets reported that Ukraine had failed to fully replace Soviet-made S-300 missile systems with Western-manufactured ones

Kalashnikov supplies new Strelok battle outfit

According to the company, the gear comprises Korset Plus armor vest of Br5 protection class and a weight distribution system, additional protection modules, a set of bags, a 30-liter rucksack and a transportation bag

Foreign aid to Ukraine a money laundering scheme, head of Chechnya says

Ramzan Kadyrov noted that there is no need to worry about hostilities currently happening on Russian territory

Trump says he was offended by Putin’s ironic remark about endorsing Harris

Earlier, the Russian leader said ironically that after incumbent US President Joe Biden "had been withdrawn" from the presidential race, Moscow came "to back" his successor Kamala Harris

Agreements worth over $117 bln signed at three previous Eastern Economic Forums — Putin

Representatives of more than 75 countries and territories participate in the events of this year’s forum

Russian Defense Ministry announces liberation of Kalinovo settlement in DPR

The Armed Forces of Ukraine lost up to 810 servicemen in the area of responsibility of Russia’s South battlegroup over the day

Ukraine pulling fresh forces to Kursk area — Russian officer

According to the commander of the Akhmat special forces commando unit Apty Alaudinov, there were no large-scale attacks on Wednesday

Ukrainian losses: situation in Kursk Region

According to the report, the Russian military repelled two attacks by enemy assault groups towards Matveyevka and Olgovka, and foiled Ukrainian attempts to attack three settlements

Russia has no exact timeframes for completing special op — Kremlin spokesman

"We need to safeguard our future generations. We need to guarantee their security, as well as predictability and a new security architecture on our continent," Dmitry Peskov stressed