The BRICS New Development Bank is not an alternative to the IMF and the World Bank but rather a complement, said Presidential aide Sergey Glazyev. It will address the challenges that Western institutions currently ignore.
Russian smartphone maker Yota Devices has launched of its flagship, dual-screen YotaPhone 2 in China. The smartphone will be sold in partnership with China Unicom, the carrier with the second-largest subscriber list in the country.
Japan’s Prime Minister Shinzo Abe said he is ready to improve relations with Russia to a “new level,” adding that development of friendly ties with a major neighbor is a guarantee of stability and prosperity in East Asia in the 21st century.
Russia will appeal to the International Court of Justice if Ukrainian President Petro Poroshenko signs a moratorium on the payment of Ukraine’s external debt into law and fails to pay its debt to Russia, said Russian Finance Minister Anton Siluanov.
Russia’s Gazprom has confirmed its receiving another advance payment of $32 million from Naftogaz of Ukraine for May gas supplies. It’s Ukraine’s third installment this month, and brings the total paid in May to $102 million.
Serbia is interested in joining the Turkish Stream gas pipeline project, as it wants to ensure energy security for its citizens and cut dependence on deliveries via Ukraine, said the Serbian Minister of Foreign Affairs Ivica Dacic.
Ukraine’s antitrust committee has started an investigation into Russian energy giant Gazprom over a possible violation of the Ukrainian competition legislation, said head of the committee Nikolay Barash.
The Russian currency continues its recovery against the US dollar on Wednesday, trading at its highest level since the end of November 2014, as oil prices rise and investors see geopolitical risks diminishing.
Macedonia has become important to the US as it could become the only way for Russia’s proposed Turkish Stream pipeline to reach Central Europe, which Washington does not want, political analyst Srdja Trifkovic told RT.