Cambodia Condemns Thai Military Attack on Preah Vihear Temple | Cambodia Confirms Troops Still Holding Mount Trop as Thailand Cannot Raise Flag on Sovereign Territory | Cambodia and Thailand Clashes Enter Third Day as Casualties Rise to 33 | UN Security Council Urges Restraint as Thailand-Cambodia Clashes Intensify | Cambodia Condemns Thai Aggression at UN, Calls for Ceasefire and International Intervention | Techo Hun Sen Advises Military Strategy Amidst Border Clashes with Thailand | 45 Staff Rescued After Being Trapped at Preah Vihear Temple Amidst Clashes | BREAKING: Cambodia Denies Firing Projectiles into Laos, Accuses Thailand of Disinformation | Cambodia's Tourism Ministry Seeks Aid for Troops, Refugees; Reaffirms Commitment to Peace | BREAKING: Laos Denies Border Clash with Cambodia; Cambodia Rejects Thai Accusations of Shelling Laos | BREAKING NEWS: Andrew MacGregor Marshall Claims Queen Mother Sirikit Has Died, Alleging Concealment by Thai Authorities | TOP NEWS: Trump Claims Diplomatic Role in Cambodia-Thailand Border Conflict, Calls for Ceasefire | TOP NEWS: Cambodian Prime Minister Confirms President Donald Trump Ceasefire Agreement with Thailand | Thai Military of Escalating Attacks, Despite Cambodia Ceasefire Efforts | BREAKING NEWS: Cambodia and Thailand Agree to Malaysian Mediation Amid Escalating Border Clashes | Ministry of Education Announces Postponement of 2025 Baccalaureate Examination | Cambodian Community in Korea Holds Mass Protest Against Thailand’s Invasion | Techo Hun Sen: “In Times of National Crisis, We Have No Right to Rest or Fall Ill” | UN Secretary-General and Cambodian Officials Call for Immediate Ceasefire Amid Border Clashes | Lieutenant General Duong Samnieng Dies Fighting Thai Invaders at Preah Vihear | BREAKING NEWS: Prime Minister Hun Manet to Lead Cambodian Delegation to Kuala Lumpur for Special Meeting on Ceasefire | Secretary Rubio Calls for Immediate De-escalation in Cambodia-Thailand Border Dispute |
Cambodia Condemns Thai Military Attack on Preah Vihear Temple | Cambodia Confirms Troops Still Holding Mount Trop as Thailand Cannot Raise Flag on Sovereign Territory | Cambodia and Thailand Clashes Enter Third Day as Casualties Rise to 33 | UN Security Council Urges Restraint as Thailand-Cambodia Clashes Intensify | Cambodia Condemns Thai Aggression at UN, Calls for Ceasefire and International Intervention | Techo Hun Sen Advises Military Strategy Amidst Border Clashes with Thailand | 45 Staff Rescued After Being Trapped at Preah Vihear Temple Amidst Clashes | BREAKING: Cambodia Denies Firing Projectiles into Laos, Accuses Thailand of Disinformation | Cambodia's Tourism Ministry Seeks Aid for Troops, Refugees; Reaffirms Commitment to Peace | BREAKING: Laos Denies Border Clash with Cambodia; Cambodia Rejects Thai Accusations of Shelling Laos | BREAKING NEWS: Andrew MacGregor Marshall Claims Queen Mother Sirikit Has Died, Alleging Concealment by Thai Authorities | TOP NEWS: Trump Claims Diplomatic Role in Cambodia-Thailand Border Conflict, Calls for Ceasefire | TOP NEWS: Cambodian Prime Minister Confirms President Donald Trump Ceasefire Agreement with Thailand | Thai Military of Escalating Attacks, Despite Cambodia Ceasefire Efforts | BREAKING NEWS: Cambodia and Thailand Agree to Malaysian Mediation Amid Escalating Border Clashes | Ministry of Education Announces Postponement of 2025 Baccalaureate Examination | Cambodian Community in Korea Holds Mass Protest Against Thailand’s Invasion | Techo Hun Sen: “In Times of National Crisis, We Have No Right to Rest or Fall Ill” | UN Secretary-General and Cambodian Officials Call for Immediate Ceasefire Amid Border Clashes | Lieutenant General Duong Samnieng Dies Fighting Thai Invaders at Preah Vihear | BREAKING NEWS: Prime Minister Hun Manet to Lead Cambodian Delegation to Kuala Lumpur for Special Meeting on Ceasefire | Secretary Rubio Calls for Immediate De-escalation in Cambodia-Thailand Border Dispute |

Kremlin: Ruble payments to be used more in Russia's foreign trade

INTERNATIONAL: Ruble payments will be used more in Russia's foreign trade, Kremlin Spokesman Dmitry Peskov said Sunday.

It comes after President Vladimir Putin's decree on Thursday on new rules of natural gas trade with "unfriendly" countries and regions. Putin said that foreign buyers of Russian natural gas must pay in rubles from Friday by opening Russian bank accounts or will risk having their existing contracts halted.

Russia will extend its requirement of payments in rubles from gas to other exported goods as the credibility of the dollar and euro has been weakened by Western sanctions against Russia, said Peskov in an interview with Russian media.

European countries, which used to pay for their gas in euros or dollars, now pay Gazprom, Russia's gas industry giant, in rubles instead, effectively continuing to pay in the currency specified in the contract, and Russia did not default, said Peskov.

He said the model, though an initial payment system for the time being, would be expanded to include other goods and would become an increasingly large part of Russia's foreign economic and trade relations.

Peskov did not specify which exports would be settled in rubles. Chairman of the Russian State Duma Vyacheslav Volodin said earlier that including gas, ruble-denominated commodities should be expanded to include crude oil, grains, metals, fertilizers, coal and timber.

The spokesman said that this is not to embarrass European partners, but to hedge risks and protect trade. He said Russia has always been a reliable supplier, which Russia cherishes and will not do anything to harm its reputation.

International Monetary Fund chief economist Gita Gopinath told the Financial Times earlier that the raft of sanctions many nations have directed at Russia could erode the global dominance of the United States' dollar and lead to a more fragmented international monetary system.

Gopinath explained that the sanctions may encourage the emergence of smaller currency blocs based on trade between nations, alliances, and continents.

Gopinath added that the greater use of other currencies in global trade would lead to further diversification of the reserve assets held by national central banks.

PHOTO: Russia-Rubles/Payment/Expansion


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