Baltic–Soviet relations military measures." In mid-June 1940, when international attention was focused on the German invasion of France, Soviet NKVD troops raided border posts in Lithuania, Estonia and Latvia. State administrations were liquidated and replaced by Soviet cadres, Elections were held with single pro-Soviet candidates listed for many positions, with resulting peoples assemblies immediately requested admission into the USSR, which was granted by the Soviet Union. Germany invaded and occupied the territories of Baltic states in 1941 during "Operation Barbarossa". At the beginning the Lithuanians, Latvians and Estonians hoped that the Germans would reestablish Baltic independence. Such political hopes soon evaporated and
World currency President of the People's Bank of China, called for "creative reform of the existing international monetary system towards an international reserve currency," believing it would "significantly reduce the risks of a future crisis and enhance crisis management capability." Zhou suggested that the IMF's special drawing rights (a currency basket comprising dollars, euros, renminbi, yen, and sterling) could serve as a super-sovereign reserve currency, not easily influenced by the policies of individual countries. US President Obama, however, rejected the suggestion stating that "the dollar is extraordinarily strong right now." At the G8 summit in July 2009, the Russian president expressed Russia's