Russia and the League of Arab States have agreed to establish a cooperation forum at Foreign Minister’s Level; Russia and Vietnam have decided to deepen their energy cooperation; Poland has struck a deal with Gazprom on gas price reduction; Russia to neve
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  • (NOVEMBER 5-11)

    According to reports, Russia and the League of Arab States (LAS) have agreed to establish a cooperation forum at foreign Minister’s Level and hold its first session in Moscow by the end of this year. 1

    In another development, reports noted that Russia’s Prime Minister Dmitry Medvedev and Vietnam’s Prime Minister Nguyen Tan Dung have agreed to deepen their cooperation in the field of energy. Other pertinent issues discussed in the meeting held in Hanoi included the construction of Vietnam’s first nuclear power plant, increase trade to 7 billion US$, establishment of a free trade zone, electric energy, machinery construction, agriculture, development of natural resources’ deposits, banking and establishment of a Russian technology university in Vietnam. 2

    Reports noted that Polish energy group The Polish Petroleum and Gas Mining has reached an agreement with Gazprom on the reduction of prices for the supply natural gas to the country. According to the agreement, the Polish side is to buy 10.25 billion cubic metres of gas annually and save upto 1 billion US$.3

    In other developments, Foreign Minister Sergei Lavrov has said that Russia will never support the position that Assad should go. 4

    Prime Minister Dmitry Medvedev has said that Russia’s annual voluntary contribution to the Asia-Europe Meeting fund will be raised to 150,000 U.S. dollars from 2013. This can be seen within the broader context of Russia intensifying its participation in the Asia-Europe Meeting. 5

    Vice-president of the United Shipbuilding Corporation Sergei Forafonov has said that the aircraft carrier Vikramaditya will be handed over to India in the middle of next year. 6

    Deputy Economic Development Minister Andrei Klepach has said that capital outflow from Russia amounted to about five billion US$ in October and the total figure for the year is expected to be in the range of 60-65 billion US$.7

    Japan is considering the variant of a possible construction of the 1,400-kilometre-long direct gas pipeline between Russia’s Sakhalin and Japan’s Ibaraki prefecture. 8