Russia

Understanding of dollar's declining reputation will grow globally — Lavrov

TASS English · 2026-06-24

AI SUMMARY

• What happened: Russian Foreign Minister Sergey Lavrov stated that the global understanding of the dollar's declining reputation will continue to grow, referencing comments by US President Donald Trump regarding Iranian assets. • Why it matters: Lavrov's remarks highlight concerns over the dollar's status as a global reserve currency and the implications of economic sanctions on international confidence in the currency. • What to watch next: Observers should monitor potential shifts in global currency dynamics and reactions from other nations regarding the use of the dollar in international trade and finance.

Understanding of dollar's declining reputation will grow globally — Lavrov The minister drew attention to remarks by US President Donald Trump that Iranian assets should be unfrozen, otherwise confidence in the dollar would be underminedMOSCOW, June 24. /TASS/. Recognition of the dollar's declining reputation will only strengthen around the world, Russian Foreign Minister Sergey Lavrov said at the Primakov Readings forum. "Understanding of the declining reputation of the dollar, as well as other global currencies that are being used as instruments of economic and financial warfare, will, of course, continue to grow," he said. The minister drew attention to remarks by US President Donald Trump that Iranian assets should be unfrozen, otherwise confidence in the dollar would be undermined. "The same principle can be applied to all the other vast reserves and assets of other countries that have been frozen in the West," Lavrov noted. TagsForeign policySergey LavrovUkraine crisisRussia not to stop on front line to start talks on Ukraine — LavrovThe Russian top diplomat recalled that Moscow had already did that when the sides had reached the agreement in IstanbulRead moreElon Musk loses his trillionaire statusThe US entrepreneur's fortune has fallen to $957 blnRead moreTwo US nuclear submarines ‘closer to Russia,’ Trump says"We always want to be ready", US president addedRead morePostponement of State Duma elections not under discussion — Kremlin spokesmanDmitry Peskov said that preparations for the elections are in progressRead morePilot of F-15 downed over Iran reported seeing jellyfish-like group of drones — CNNThe TV channel's sources note that US intelligence had no previous knowledge of Iran's possession of this technologyRead moreMoscow to respond in case West uses Russian frozen assets — diplomatAny use of Russian assets for purposes not agreed with the Russian Federation is blatant robbery, Russian Deputy Foreign Minister Sergey Ryabkov stressedRead moreEngland, Ghana play to 0-0 draw in World Cup matchIn the final round, England will face Panama, while Ghana will face CroatiaRead moreRussian troops strike Ukrainian long-range UAV assembly sites over past day — top brassRussia’s Battlegroup Center inflicted roughly 330 casualties on Ukrainian troops and destroyed three enemy armored combat vehicles in its area of responsibility over the past day, the Defense Ministry reportedRead moreRussian interceptor FPV drones destroy Ukrainian heavy-payload UAVs in ramming attackThe Ukrainian R-18 UAVs were uncovered by radar teams within the Battlegroup West area of responsibilityRead moreWest facing catastrophic consequences in event of clash with Moscow — MFAAccording to Deputy Foreign Minister Sergey Ryabkov, an understanding might emerge in Western countries that "we need to lower the temperature"Read moreDistricts of Kherson Region completely or partially without power — governorVladimir Saldo says power workers and emergency services are already at the sceneRead moreKiev cannot forgive Crimea for rejoining Russia in 2014 — KonstantinovChairman of the State Council of the Republic urged Crimeans to show restraint, patience, and uniteRead moreContacts between Lavrov, Rubio to continue — senior Russian diplomatDeputy Foreign Minister Sergey Ryabkov added that telephone conversations between the officials can be quickly arrangedRead moreHelicopter operations held near Polish-Ukrainian borderAccording to a source in the EU air traffic control services, a helicopter belonging to one of the security agencies was patrolling the airspace at an altitude of up to 400 meters for nearly an hourRead moreUS’ new sanctions have nothing to do with supporting Cuban people — diplomatUN Permanent Representative Ernesto Soberon Guzman says sanctions only exacerbate the humanitarian consequences of the economic pressure on the countryRead moreSteps to counter threats, Kiev's attempts to upend energy sector: Putin's commentsThe Russian president instructed the government and the Defense Ministry to minimize the impact of the Ukrainian attacks on civilian infrastructureRead morePeskov points to trend toward declining role of dollar as global reserve currencyThe Kremlin spokesman noted that the foundations of the international economic order are being depreciatedRead moreUS Senate passes resolution to end war with IranFifty senators voted in favor, with 48 voting againstRead moreRussia-US dialogue on irritants in state of certain stagnation — senior Russian diplomatDeputy Foreign Minister Sergey Ryabkov noted "small progress" in this dialogueRead moreRussia upgrades T-90 tank using troop feedback from battlefield — RostecThe knowledge of fighters is useful for modernizing hardware and creating new models, Rostec Deputy CEO Nikolay Volobuyev saidRead morePersian Gulf countries running out of interceptor missiles - BloombergIran has fired almost 1,200 ballistic missiles and 4,000 Shahed drones at the Gulf states since the start of the warRead moreBRICS countries to use common strategic reserves for mutual assistance — ShoiguAccording to the Russian Security Council Secretary, this refers to fertilizers, LNG and oil, as well as medicines and a wide variety of other goodsRead moreIN BRIEF: Kremlin comments on preparations for Duma election, irreversible defeat for KievDmitry Peskov said the situation on the front is deteriorating day by day for KievRead moreDeutsche Bahn suspends train service across Germany due to radio communications failureAccording to some reports, the Berlin commuter train is not operatingRead moreAir defenses down nearly 100 drones in Kursk Region over day — governorAlexander Khinshtein said that as a result of the attacks, a school and a private residence in Kolontayevka were damagedRead moreBees on planet dying out for unknown reasons — scientistDmitry Boguslavsky says scientists thought that bees became disoriented after leaving the hive. However, even if a colony was confined to the hive with food, water, and the right temperature, all bees still diedRead moreRoscosmos invites NASA chief to RussiaThe US Senate unanimously voted to appoint Nelson to the post of NASA chief in late AprilRead moreRussia warns about countermeasures in event of Baltic region's development by NATODeputy Foreign Minister Sergey Ryabkov said a recent statement by the Nuclear Planning Group was "a reflection of the alliance’s overall super-aggressive attitude toward Russia"Read moreUS to make new decisions on Iran if it refuses to accept IAEA inspectors — RubioThe US secretary of state denied that there was no understanding between Washington and Tehran regarding the return of IAEA inspectors to IranRead moreWest’s preparations for war with Russia, its readiness to respond: Putin's commentsThe leadership of NATO countries and the European Union uses false statements about the alleged Russian threat to increase their military budgets, the Russian leader notedRead moreLavrov meets with UN chief candidate Espinosa — Russian Foreign MinistryMaria Espinosa presented her campaign platformRead moreWest is attempting to challenge Russia's rights to its Arctic territories — MFAThe Russian Foreign Ministry emphasized that the issue of indigenous peoples' rights is being overly politicized by Western countriesRead moreEU aid to Ukraine frozen — BorrellThe ex-chief of EU diplomacy said the situation is similar with the approval of new sanctions against RussiaRead moreBeginning of troops withdrawal is source of disagreement between Israel, Lebanon — TVAccording to a source cited by Al Hadath, Israel adheres to the step-by-step principle and demands that the Lebanese army take concrete action on the ground and demonstrate the ability to dismantle Hezbollah infrastructureRead moreOnly nuclear deterrence shielding world from global war — KremlinDmitry Peskov emphasized that at the same time, nuclear deference does not prevent regional conflictsRead more'Signs of shift' in US position on Anchorage, dialogue on Ukraine: Ryabkov’s statementsAccording to the Russian diplomat, Moscow remains committed to the understandings reached between Russian President Vladimir Putin and his US counterpart Donald Trump in AlaskaRead morePutin, Lukashenko to discuss Zelensky’s threats soon — KremlinDmitry Peskov added that it will be a good opportunity to discuss other issues as wellRead moreAfD leader calls on Merz to support Costa’s initiative to resume contacts with RussiaPolitico and Bloomberg reported earlier that during the recent EU summit, the association’s largest countries, including Germany, were infuriated over European Council President’s alleged preliminary contacts with MoscowRead moreKiev’s terrorist attacks cannot change situation at frontline — PutinThe Russian forces are liberating one settlement after another, the Russian president saidRead moreRussian armed forces actively implement AI, robotic systems — defense ministerAndrey Belousov emphasized the crucial role of human judgment in this technological landscapeRead moreRonaldo gets World Cup groove back, scores two goals in Portugal's win over UzbekistanPortugal now leads Group K with four pointsRead moreUkraine’s, collective West actions may exhaust all patience — politicianViktor Medvedchuk said that a lot of Western politicians and Vladimir Zelensky are doing everything they can to bring a nuclear apocalypse closer to realityRead moreUS military aircraft struck by Iran makes it to Kuwait — TVIran also fired at two US UH-60 Black Hawk helicopters conducting a search and rescue operationRead moreOne person killed, one more injured in Belgorod Region during attack by Ukrainian armyA woman who sustained a shrapnel wound was taken to hospitalRead moreWest has failed as mediator on Ukraine, cannot be taken seriously — LavrovThe foreign minister stressed that Moscow is focused is on achieving the objectives of the special military operation at presentRead moreTrump threatens to cancel contacts with Iran if there is no agreement on inspectionsSpeaking to journalists, the US leader assured that an agreement between Tehran and Washington regarding the arrival of IAEA inspectors in Iran already existsRead moreRutte states need to increase military production on both sides of AtlanticThe NATO secretary general aslo stressed the need to replenish ammunition stockpilesRead moreUkrainian POW demands 'just punishment' for Ukraine army commanders, ZelenskyAccording to Sergey Rykov, the policy course being pursued by the Ukrainian leadership is pushing the country’s population to the brink of extinctionRead moreIndia PM's aide mulls Moscow's BRICS initiatives with Russian Security Council secretaryThe sides reviewed progress on their bilateral cooperation in different spheres, in keeping with the India-Russia Special and Privileged Strategic PartnershipRead moreFACTBOX: Charting history of TASS media presence on ISSAnna Kikina became the first woman in the "TASS on the ISS" projectRead moreMOEX Index down as morning trading session opensThe index with additional IMOEX2 ticker lost 0.09% and amounted to 2,333.74 pointsRead moreSituation with US visas to Russian diplomats has made some progress, much work remainsDeputy Foreign Minister Sergey Ryabkov added that American officials have begun visiting RussiaRead moreUS economic militarization and oil price trends: topics of Kremlin’s briefingDespite fluctuations in the global oil prices, the macroeconomic stability of the Russian economy is firmly maintained, Dmitry Peskov emphasizedRead morePower outage reported in Sevastopol as Russia downs 323 Ukrainian drones overnightTwo civilians were killed each in a Ukrainian drone attack on Gorlovka in the Donetsk People’s Republic and on the Nizhny Novgorod RegionRead morePrice of Brent oil down below $76 per barrel on London’s ICEAs of 3:01 a.m. GMT, the Brent price was down by 1.48% at $75.94 a barrelRead moreUS LNG exports remain high in April, with Egypt leading wayLNG exports were 6% lower than in March and 20% higher than in April 2025Read morePotential agreements with Europe should be within framework of Anchorage — Russian MFADeputy Foreign Minister Sergey Ryabkov added that Moscow is watching with some interest the discussions regarding a potential EU negotiatorRead moreTanker with Iranian oil change course, heading to China — PTIThe change in the destination of Pin Shun appears to be payment-related, Sumit Ritolia, Lead Research Analyst at Kpler, notedRead moreWest holds back from launching drones at Russia over retaliation fears — PutinThe Russian leader pointed out that "when some Ukrainian drones fly over the Baltic states, they don’t attribute them to Russia"Read moreZelensky's threats against Belarus, response to Europe’s militarization: what is knownRussian and Belarusian presidents, Vladimir Putin and Alexander Lukashenko plan to meet soon to discuss, among other things, Zelensky's threatsRead moreUS troop buildup near Iran not sign of any new decisions — White HouseThe United States and Israel launched a military operation against Iran on February 28Read moreNumber of civilians injured by Ukrainian army in June exceeds 250 per week — envoyAccording to Rodion Miroshnik, the weekly death toll ranged from 30 to 50 civiliansRead moreFormer British deputy foreign secretary says may run for PMAl Carns stressed that he is primarily interested in developing an updated political program for the Labour Party at the momentRead moreTrust in Trump expressed by an average of 23% of respondents in 36 countries — pollAccording to data provided by the Pew Research Center, an average of 57% of respondents expressed a positive attitude towards the USRead moreTu-160s conduct scheduled flight over Barents, Norwegian seasEscort support was provided by MiG-31 crewsRead moreUS fighter jet downed over Iran likely conducted strikes on ground targets — mediaAccording to CBS News national security analyst Aaron MacLean, the pilots of the downed fighter had sidearmsRead moreRussian forces crush larger part of Ukrainian troops in Konstantinovka, Krasny LimanMilitary expert Andrey Marochko said the Ukrainian defenses collapsed in some frontline sectorsRead moreCroatia beats Panama in World Cup matchThe match ended with a score of 1-0Read moreTrump says Iran has 48 hours to make deal or open straitTime is running out: 48 hours remain before all hell rains down on them, US President saidRead moreHungary once again holds up Ukraine's EU accession process — PoliticoHungary opposed sending a letter to the European Council and Commission on behalf of the bloc's 27 members that spells out the joint position of EU capitalsRead moreIran calls on Saudi Arabia to ‘eject’ US troops from regionIran’s Foreign Minister Abbas Araghchi stressed that Iran respects the Kingdom of Saudi Arabia and considers it a brotherly nationRead moreUS carries out successful test of Golden Dome missile system — top defense officialAccording to Pete Hegseth, during the test, "cutting edge directed energy was harnessed and the Dynamic Defense Autonomous Defeat system flawlessly and autonomously cued, targeted, and eliminated a multitude of incoming threats"Read moreRussian artillery wipes out Ukrainian UAV control posts in Kharkov RegionThe Russian Defense Ministry reported that Giatsint-S crews delivered strikes by 152mm high-explosive fragmentation shells from sheltered positionsRead morePress review: UK PM to continue predecessor policy as US reshapes oil market beyond OPEC+Top stories from the Russian press on Tuesday, June 23rdRead moreSeven civilians wounded after Ukraine’s attacks on DPR during dayFour dwelling houses, six civilian infrastructure facilities, and five trucks were damaged in the periodRead morePerpetrators of attack on bus carrying kids identified, wanted — Investigative CommitteeThe perpetrators will be arrested in absentia soonRead moreIsrael, US attack amusement park in central IranNo information on casualties or damage has been reported yetRead morePharmaceutical companies leave Ukraine — Russian security forcesAccording to the source, the Ukrainian biotechnology company Biopharma intends to launch an 85 million euro production facility in Arad, Romania by the end of 2027Read moreEurope equally responsible for striking Zaporozhye NPP as Kiev — analystAccording to Scott Ritter, European countries need Ukraine to justify their continued existenceRead moreRussian government considers diesel fuel exports banThe situation in the Russian fuel market is "indeed challenging but controlled," Russian Deputy Prime Minister Alexander Novak saidRead moreRussian authorities eyeing full ban on diesel fuel exportsDeputy Prime Minister Alexander Novak said that the full ban was set on gasoline and jet fuel exportsRead moreAir defenses destroy 31 Ukrainian UAVs over Russian regions within six-hour periodTheu were destroyed over the Belgorod, Voronezh, Kursk, Tula, Krasnodar, Stavropol Regions, the Republic of Crimea, the Republic of Abkhazia and over the Black Sea, Russia’s Defense Ministry reportedRead moreRound-the-clock efforts underway to prevent Kiev’s terrorist attacks — FSB chiefAlexander Bortnikov called Vladimir Zelensky a terroristRead moreAnother strike hits area near Bushehr Nuclear Power Plant in IranOne of the facility’s security guards was killed, Iran’s AEOI saidRead moreLavrov comments on Europe’s revanchism, Zelensky's comfort playing 'fuhrer' roleThe Russian top diplomat highlighted that the current elites in Europe made no secret of their preparations for a war against Russia in the near futureRead morePolitico understands Lavrov’s article effect, refuses to publish it — MFAForeign Ministry Spokeswoman Maria Zakharova noted that such an approach is far from being called "journalism"Read moreOne killed, 6 others injured in Ukrainian attacks on Russia’s Belgorod Region in past dayActing Governor Alexander Shuvayev said that Ukrainian troops attacked the Belgorod Region 75 times over the past 24 hoursRead moreSevastopol temporarily left without power due to attack on its energy infrastructureA special regime has been declared at the facilities, Governor Mikhail Razvozhayev saidRead moreEU preparing for possible energy supply crisis due to conflict in Iran — Spanish newspaperThe EC assures that there is currently no risk to supplies, though markets are feeling the impact of rising Brent crude oil prices, which has led to higher gas and oil prices in EuropeRead moreEU to spend 7 trillion euros on weapons in next decade to 'outgun' Russia — ECThe European Union needs to pay the price for peace, to avoid the cost of war, European Commissioner for Defense and Space Andrius Kubilius saidRead moreRepelling drone attacks and reserves for mutual assistance: Shoigu’s statementsAccording to the Russian Security Council Secretary, BRICS member countries will use the group's common reserve fundsRead moreTrump orders probe as oil prices stay highThe US president earlier claimed that around 19 million barrels of oil exited the Strait of Hormuz on June 22Read moreSerbia to stay friendly with Russia after election — expertSenior research associate at the Institute for Recent History of Serbia Milana Zivanovic emphasized that cooperation is beneficial for both sidesRead moreCuban diplomat slams US politicians for disseminating lies about republicErnesto Sobero Guzman criticized statements by US politicians regarding the situation on the island and the imposition of new sanctions against Cuban organizationsRead moreIran to hit more targets if US attacks Kharg Island — ambassadorTehran’s Ambassador to Zimbabwe Amir Hossein Hosseini also expressed hope that the conflict would be resolved diplomaticallyRead more18 civilians, including teenager, injured in Ukraine’s drone attacks on DPRThe attacks also damaged four civilian infrastructure facilitiesRead morePutin rejects Western allegations about Russian threat as false claimsAs the Russian leader emphasized, the West is openly discussing preparations for war with Russia and increasing its defense budgetsRead moreUS-Israeli strike on humanitarian aid aircraft in western Iran reportedThe Civil Aviation Organization of the Islamic Republic called on all international bodies to take appropriate measures in response to this incidentRead moreRussia honors $234.8 mln Eurobond coupon payment — Finance MinistryPayments were made in accordance with the decree of the Russian Federation on the temporary procedure of honoring state debt liabilities of the Russian Federation to residents and foreign creditorsRead moreRussia says no intention to dismantle elements of strategic stability with USDeputy Foreign Minister Sergey Ryabkov noted that hotlines between Russia and the US continue to operateRead moreEU authorities unwilling to put brakes on growth of military budgets — LavrovThe Russian foreign minister said that Europe's military spending is increasing significantlyRead more

Source: TASS English
RELATED NEWS

More Stories

All News
Russia

Witkoff, Kushner’s visit being discussed, Russia would 'lend them an ear' — Lavrov

• What happened: Russian Foreign Minister Sergey Lavrov announced that Moscow is open to discussions with US negotiators Steve Witkoff and Jared Kushner, whose ...

Russia

Escalation on Ukrainian-Belarusian border and Armenia's choice: CSTO statements

• What happened: The CSTO's Permanent Council Chairman, Viktor Vasilyev, announced that the situation on the Ukrainian-Belarusian border is escalating, wit...

Russia

IN BRIEF: Lavrov's remarks on contacts with EU and faith in diplomacy

• What happened: Russian Foreign Minister Sergey Lavrov stated that the Ukrainian conflict can still be resolved through political and diplomatic means, but Rus...

Russia

Armenia’s strategic choice important for Russia — Kremlin

• What happened: Armenia's parliament has initiated the process for the country's accession to the European Union, which has raised concerns in Moscow...

Russia

Iran open to security agreements with Gulf countries — parliament speaker

• What happened: Iran's Parliament Speaker, Mohammad Bagher Ghalibaf, announced that Iran is open to establishing security agreements with Gulf countries, ...

Russia

Iran assures US it's not charging a toll for passage through Hormuz — Trump

• What happened: Iran assured the United States that it is not charging tolls for vessels passing through the Strait of Hormuz, according to President Donald Tr...