Russia has been ordered to pay about 2.5bn dollars to former shareholders in defunct oil group Yukos by the European Court of Human Rights. Russia's Justice Ministry said the ruling was unfair and it had three months to appeal against the decision.
Sharply higher interest rates around the world could combine with weaker growth in emerging markets to slice as much as two percentage points off global growth in the next five years, the International Monetary Fund said on Tuesday.
Amid mounting criticism of Russia over the MH17 plane tragedy and conflict with Ukraine, FIFA rejects calls for the country to be stripped of 2018 World Cup hosting rights and says a boycott is no solution to the crisis.
President Cristina Fernández used her Twitter account on Sunday to comment on last week’s heavy agenda with the visit of Russia’s and China’s presidents and the BRICS-UNASUR summit in Brazil. “It has been an important week for Argentina,” she said.
Brazilian president Dilma Rousseff and her Russian counterpart Vladimir Putin have restated their aim of doubling bilateral trade between the two nations to a value of 10 billion dollars a year, in a meeting held a day before the sixth summit of the BRICS group on Tuesday.
President Cristina Fernandez confirmed Russia’s interest in investing in Argentina's Vaca Muerta shale formation in Patagonia and announced that a Russian delegation will travel soon to the area, which holds one of the largest shale gas and oil reserves of the world.
Russia's president Vladimir Putin has got involved in the Falkland Islands row, urging Britain it must sit down with Argentina for fresh talks to resolve the dispute, as indicated by the United Nations.
Russian President Vladimir Putin signed on Saturday a nuclear energy cooperation deal with Argentina on the third stop (Cuba, Nicaragua) of a tour to bolster trade ties and strengthen Russia’s influence in Latin America.
President Cristina Fernandez, CFK, invited her peers from Bolivia, Uruguay and Venezuela, Evo Morales, Jose Mujica and Nicolas Maduro respectively to participate in a special dinner after her meeting with the Russian head of state, Vladimir Putin on Saturday.
As part of a broader South American tour, Russian President Vladimir Putin will be visiting Buenos Aires in July to lay the groundwork for joint projects between Russia and Argentina in the energy sector, including civilian nuclear technologies, military-technological cooperation and machine building.