Russian Prime Minister Mikhail Kasyanov believes that Russia's Vneshtorgbank and the Czecho-Slovak Trade Bank have concluded an important agreement on cooperation in pre-export financing of Czech commodities and services supplies to Russia. Asked by journalists on Tuesday, Kasyanov stressed that this sets a mechanism for the insurance of export risks. To him, without financial backing trade cannot go on. Usually, governments undertake such risks. Russia and Czechia have opted for a different way: market scheme. It stimulates private enterprise and supports export, stressed Kasyanov.
Officials with the Indian Air Force believe that Russia's fifth-generation Su-57 fighter jet does not correspond to required characteristics and is inferior to the American F-35 and F-22
A nuclear-powered submarine of the British Navy surfaced in the ice of the Arctic for the first time in many years