BRICS countries intend to create a New Development Bank.

Joint efforts of Russia and Italy will make possible the implementation of the "South Stream" project.

The Russian Foreign Ministry has warned the Kiev authorities of ‘irreversible’ consequences for continued shelling of the Russian territory which killed one man and wounded two women.

The UK has denied visas to Russian officials heading to the Farnborough International Airshow Trade 2014 over its alleged involvement in Ukraine in a move that appears to escalate tension between Moscow and the West.

Russia and China are not seeking a joint military bloc despite close cooperation in the defense and technical areas, said a senior Kremlin official.

Sanctions against Moscow did not prevent the U.S. exports to Russia from reaching the highest level in May 2014.

The agreement stipulates that 90% ($ 32 billion) of this debt will be written off, and the remaining 10% will be repaid within 10 years in 20 equal semi-annual payments in accordance with the established schedule.

On Friday, June 27, Russian Foreign Minister Sergey Lavrov said Russia is open for the renewed anti-terrorism cooperation with the United States, but added the ball is now in the US’ court.

Russia has complained to the WTO about the failure by the US to comply with its obligations as a member state of the organization.

Russia and Austria are set to establish a joint venture to implement the South Stream oil pipeline project, according to an aide to the Russian president.