Author: Steven Sahiounie

According to Kim Yo-jong, the President of the United States is not able to take responsibility for the security and future of his country Kim Yo-jong, a north Korean politician and sister of DPRK leader Kim Jong-un, on Saturday slammed a recent remark by US President Joe Biden about ‘the end of the regime’ as nonsensical. “Another thing that we cannot let pass nor overlook is the fact that the chief executive of the enemy state officially and personally used the word `the end of regime’ under the eyes of the world,” the Korean Central News Agency quoted Kim Yo-jong, vice department…

The economist Alexander Nazarov warned of a decline in the US currency in the future, with the US Congress heading to approve raising the public debt ceiling. The economist believes that raising the public debt ceiling will prompt the US Federal Reserve to resume printing unsecured money, with the largest US creditors reducing their investments in US Treasury bonds and bills, which will fuel inflation. “The current US budget deficit is about 8% of GDP. According to the Federal Reserve Bank of New York, the probability of a recession this year is 60%,” the expert explained in a post on…

Washington’s efforts to turn back the course of history are failing, Russian Foreign Minister stressed Efforts by Washington and its satellites to isolate Moscow are failing completely, with the global majority being unwilling ‘to pull the chestnuts out of the fire’ for former colonial powers, said Russian Foreign Minister Sergey Lavrov. Addressing the online Global Conference on Multipolarity on Saturday, Russia’s top diplomat said, “It seems only natural that efforts by Washington and its satellites to reverse the course of history and force the international community to live up to a ‘rules-based world order’ have failed. I will only mention…

The Russian Central Bank decided, during its meeting of its board of directors today, Friday, to maintain the main interest rate at its current level at 7.5%, for the fifth time in a row. The Russian Central Bank said in a statement posted on its channel on the “Telegram” application after the meeting: “The Russian regulator maintained, for the fifth time in a row, the main interest rate at 7.5% annually.” The central bank lowered its inflation forecast for 2023 to 4.5%-6.5%, instead of the 5%-7% it had expected. The Russian Central Bank has improved its forecast for the dynamics…

Four oil tanks damaged, others isolated The fire that broke out at the Sevastopol oil storage facility after a Ukrainian drone attack was contained, Sevastopol Governor Mikhail Razvozhayev said on Saturday. “The fire has been actually localized by now,” the governor said. Four oil tanks were damaged in the attack by Ukrainian drones, Razvozhayev said. “Four oil tanks struck in two sectors have now actually burnt out and the fire currently engulfs what was spilled in the concrete-made storage tank,” the governor said. The remaining oil tanks have been isolated from the fire, he specified. The Sevastopol governor said earlier…

Moscow deems the Polish authorities’ intrusion as a violation of the 1961 Vienna convention, Russia’s Foreign Ministry says The Polish authorities’ intrusion into the Russian embassy’s school in Warsaw won’t be left without Moscow’s firm response and consequences for Poland, Russia’s Foreign Ministry said in a statement on Saturday. “Such a brazen step by Warsaw that goes beyond civilized inter-state relations won’t be left without our firm response and consequences for the Polish authorities and Poland’s interests in Russia. The initiators of such contradictory and inflammatory ideas must be aware of that,” the ministry said in the wake of the…

Early on April 29, three civilians were wounded when a series of Israeli strikes hit the outskirts of the Syrian city of Homs. Citing a military official, the Syrian Arab News Agency (SANA) said that a civilian fuel station caught fire as a result of the strike. A number of fuel tankers and trucks were also burned. “At around 00:50 [21:50 GMT]…the Israeli enemy carried out an air attack with a number of missiles, from the direction of north Lebanon, targeting several positions in the outskirts of the city of Homs,” SANA reported The state-run news agency added that Syrian…

The Russian currency, the ruble, jumped against the European and American currencies, in trading today, Friday, after the decision of the Russian Central Bank to keep the main interest rate at its current level. And by 16:02 Moscow time, the euro exchange rate fell below the level of 88 rubles, for the first time since April 6, to 87.19 rubles, a decrease of 2.53 rubles (rule = 100 kopecks) from the previous closing price. While the dollar exchange rate fell below the level of 80 rubles, also for the first time since the same date (April 6, 2023) to 79.21…

The Iraqi Ministry of Oil announced the total oil exports and revenues for the month of March. According to the final statistics issued by the Iraqi Oil Marketing Company (SOMO), the amount of exports of crude oil amounted to 100 million and 913 thousand and 27 barrels, with revenues amounting to 7 billion and 506 million and 401) thousand dollars. The statistic indicated that the total exported quantities of crude oil for the month of March from the oil fields in central and southern Iraq amounted to 98,875,692 barrels, while the quantities exported from Kirkuk oil through the port of…

Oil prices rose, in trading today, Friday, after a wave of decline driven by fears of an economic recession, which will affect the demand for crude. By 09:26 Moscow time, US West Texas Intermediate crude contracts were trading at $75.17 a barrel, an increase of 0.55% from the previous closing price. Brent crude futures traded at $78.88 a barrel, an increase of 0.65% from the previous settlement price, according to Bloomberg data. Despite the rise, the global benchmark “Brent” and the American mix are heading to record weekly losses of more than 3.5%. This article was originally published by RT.