Brazil, Russia, India, China and South Africa will work together with the European Union countries to solve the EU's economic problems, Russia's Deputy Finance Minister Sergei Storchak said on Friday.
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More than ever over the past decade, geopolitics watchers whose approach to international developments is - in line with the projections made by founders of the school of thought N.Ya. Danilevsky, O. Spengler, and A.J. Toynbee - premised in the assumption that distinct civilizations will overshadow countries and ethnic groups as the actual players in global politics can say that reality is generating ample evidence to confirm the concept.
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Ukrainian President Viktor Yanukovych said he expected to get guarantees from Moscow that it would transit certain amount of oil and gas via the Ukrainian territory.
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Five years after being banned from Russia in an international scandal, Georgian wine, a perennial favorite from the Soviet era, might be coming back on the market. Along with the Georgian mineral water Borjomi, southern semi-sweet reds have been sorely missed in Caucasian cuisine, as well as by many who have been drinking the wine for years.
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Russia's stock markets took a pounding again on Thursday, and the official ruble exchange rate plunged to a two-year low as prices for Russia's main export, oil, fell over three percent, hit by worries about the economic future of the world's largest energy importer, the United States.
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British oil major BP has rejected claims by minority shareholders who filed a suit against its Russian venture over a failed tie-up with Rosneft, BP Russia said on Wednesday.
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Foreign investors believe that Russia would become a more interesting place for investment and expansion in the next few years, a recent study by Ernst & Young. Seventy five percent of foreign investors, polled by Ernst & Young this May and June, said Russia's growing domestic market was attractive to them, while 30 percent said it was very attractive.
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The Supreme Commercial Court will hold the International Forum of the Asian-Pacific Region Countries on September 23, the contractual law will top the agenda, the court reported.
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Swiss banks will have to provide some information about their Russian clients' accounts after Bern and Moscow sign a disclosure agreement by the end of this week, Finance Minister Alexei Kudrin said on Tuesday.
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The EBRD has signed a four billion rouble (equivalent to ?100 million) unsecured senior loan agreement with Roustam Tariko's Russian Standard Bank (RSB), the first Russian bank to have targeted the country’s mass consumer market.
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Europe's largest bank, HSBC, announced on Monday that it is closing five retrail branches in Moscow and St Petersburg as it refocuses its Russian business on providing global lending services to industrial and corporate clients.
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Europe is pushing its own Nabucco project as participants in the South Stream project prepare to sign an agreement with Gazprom to pipe Russian gas under the Black Sea to southern Europe during the Investment Forum in Sochi.
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Russian Prime Minister Vladimir Putin has not ruled out the possibility that the customs union of Russia, Belarus, and Kazakhstan could, in the future, be integrated into Europe.
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Russia could finally join the World Trade Organization (WTO) in early 2012 if the country manages to solve all of its outstanding disputes by the end of 2011.
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