🥴 US mainstream TV channel calls Biden “wannabe dictator” but changes mind

The onscreen caption appeared during a section about the federal indictment of Donald Trump below split-screen footage of the former US president and present incumbent, Joe Biden.

When contacted by another US media outlet, the channel commented that “the [electronically generated caption] was taken down immediately and was addressed.”

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#SPIEF2023 hosts the “Dedollarization: The Future of Money” panel, where experts are focusing on the world’s gradual shift from the US dollar-centric financial and economic system towards multipolarity as the greenback wanes.

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🇷🇺🇨🇳 Vladimir Putin congratulates President Xi on his 70th birthday

💬 "It is difficult to overestimate the efforts that you have been making for many years to strengthen the relations of comprehensive partnership and strategic interaction between our countries ... I look forward to continuing our constructive dialogue and close joint work on topical issues on the bilateral, regional and international agenda for the benefit of the peoples of Russia and China," the congratulatory telegram, published by the Kremlin, read.

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❗️LIVE NOW: Day two of St Petersburg International Economic Forum (#SPIEF2023)

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🇦🇪 United Arab Emirates opens their booth at #SPIEF2023

The UAE is a guest country this year.

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🌐 Global trade avoided sharp decline, but its structure will change, says Russian presidential economic aide Maxim Oreshkin

💬 "If you look at what globalization is, first of all, its main driving force is global trade. We will hardly see any sharp decline here, but the structure of global trade is changing very actively,” Oreshkin said at a macroeconomic session of the #SPIEF2023

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💸 Sanctions against Russia led countries to think about diversifying their reserves, Russian Central Bank Governor Elvira Nabiullina says

The global financial market is undergoing significant changes, including a redefinition of the role of the dollar, Nabiullina said, adding that Russia’s banking system is healthy, has a reserve of real capital and can play a huge role in financing this transformation.

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🇯🇵🇺🇸 Japan, US discussing supply of 155mm shells for Ukraine's counteroffensive

The Japanese shells will help replenish US stockpiles, depleted by the huge amount of military assistance provided to Ukraine, US media reported, citing sources, adding that Washington has sent to Ukraine over 2 million 155mm shells since the start of Russia’s special military operation on February 24, 2022.

Western countries supplied Ukraine with M777 howitzers, as well as PzH 2000, Krab and CAESAR self-propelled howitzers that fire 155mm shells.

Moscow has repeatedly warned against continuously funneling arms to Kiev. Russia's FM Sergey Lavrov has said any cargo that contains weapons for Ukraine will become a legitimate target for Russia. Moscow has repeatedly emphasized that the heavy levels of military aid being handed to Ukraine is only prolonging the conflict.

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❗️Main points from “Dedollarization: The Future of Money” panel at #SPIEF2023

▪️Dedollarization is a national security priority because of the US decision to “weaponize” the dollar for geopolitical purposes;

▪️The Ukraine conflict has accelerated Russia’s dedollarization process. In early 2022, 80% of Russia’s trade settlements were conducted in dollars, euros, and other “unfriendly” currencies. That share feel to 48% by the end of 2022 and later to 30% by March 2023;

▪️The dollar’s status will continue to erode to the “systemic crisis” of US hegemony and de-globalization. Countries are increasingly shifting towards a regionalization of trade and a localization of production. Both of these trends make the dollar less essential to international settlements;

▪️Russia is exploring the creation of a stablecoin pegged to gold or some other natural resources. Additionally, there is growing interest in using blockchain technologies to develop an alternative to the SWIFT payment system;

▪️BRICS currency could threaten the dollar if the bloc’s member states decide to link their bond markets. We could see a potential breakthrough on the development of a BRICS currency during the bloc’s leaders summit in August.

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Bangladesh to Join BRICS Soon: Foreign Minister

Bangladesh's 🇧🇩 Foreign Minister, AK Abdul Momen, announced that Prime Minister Sheikh Hasina will participate in the upcoming BRICS leaders' summit in South Africa in August, following a meeting with South African President Cyril Ramaphosa in Geneva.

🏦 The New Development Bank has already enrolled Bangladesh as a member, and around 20 other nations have expressed interest in joining BRICS. The issue of comprehensive institutional development was discussed at the recent foreign ministers' meeting in Cape Town.

Developing countries are increasingly interested in BRICS 🌐 due to growing frustration with the lack of reforms in multilateral governance and financial institutions, and the impact of western efforts to phase out Russian commodities from supply chains.

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Ex-Pentagon adviser Macgregor calls Ukraine's alleged successes at battlefield meaningless

💬 "You begin to look at these reports of Ukrainian gains, you discover that in many cases the areas where they are claiming that they made gains are nowhere near the battlefield, they are not even in the security zone,” ex-Pentagon official and military historian Douglas Macgregor said.

Ukraine has touted its coming offensive since late 2022. It was first scheduled for the spring, then rescheduled to the summer. The Ukrainian government said the postponement was due to a shortage of weapons, all while pushing its Western donors to supply progressively heavier arms, including tanks, drones and fighter jets.

💬 “There have been no gains at all because everything always finished on the ability of the Ukrainian counteroffensive to reach the main defensive build-up, crack it, move through it in order to reach something of importance like Melitopol; it has not happened," Macgregor added

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❗️IAEA head Rafael Grossi arrives in Zaporozhye region

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❗️LIVE NOW: #SPIEF2023 grand opening ceremony

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Gas futures in Europe have increased by 13.6%, almost reaching $500 per 1,000 cubic meters, according to data from the London-based ICE exchange on Thursday.

July futures on the TTF index — Europe's largest hub — opened at $422.2 per thousand cubic meters (-1.3%). As of 08:21 GMT, they were trading at $485.8 (+13.6%). Moments earlier, the price almost reached %500, which marks a 16% increase.

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🌐 The Northern Sea Route is the biggest achievement in the field of navigation, DP World CEO Sultan Ahmed bin Sulayem told Sputnik.

💬 “We are honored to cooperate with Rosatom, and this cooperation needs only to be strengthened,” bin Sulayem said at #SPIEF2023.

The route has number of advantages and is shorter than other similar routes, which saves both time and money, he added.

💬“It is important to create the appropriate infrastructure, a fleet, we need cargo carriers, LNG tankers. We are ready to help Russia with these tasks,” bin Sulayem said.

▪️Russia plans to ramp up shipping through the route to 80 million tons by 2024, and 270 million tons by 2035, and has spared no expense to create the necessary infrastructure and security environment for it.

▪️The route runs through Russia’s exclusive economic zone, stretching from the Barents and White Seas to the Sea of Okhotsk and the Bering Sea. It’s estimated that sea-based shipment of cargoes through the route could be between 40 and 60 percent faster than via major arteries like the Suez Canal and the Cape of Good Hope.

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❗️LIVE NOW: Putin holds talks with Algerian counterpart in Moscow

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🇷🇺 Share of 'unfriendly' currencies in Russia's int'l payments falls to 36% by May

The share of unfriendly states' currencies in Russia's international payments had decreased to less than 36% this May against 87% in early 2022, Russian Security Council Deputy Secretary Sergey Vakhrukov said on Thursday.

"If in early 2022, export payments were carried out in currencies of unfriendly states [mainly, the dollar and the euro], the share of 'toxic' currencies in these payments fell to 48% by late 2022. By May 2023, the share was less than 36% and there is a good tendency for a further decrease," Vakhrukov said at #SPIEF2023.

Amid a changing global economic and political situation, the priority for most countries that pursue an independent policy should be the creation of an alternative international financial architecture, the Russian official stated. This issue was especially acute for Russia, which had ended up in a difficult situation due to Western sanctions, he added.

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