The US Exim Bank, which has identified India as one of the target countries, expected the country to be its largest customer within the next 18 months.

• January 5, 2012

Iranian President Mahmoud Ahmadinejad told his Russian counterpart Dmitry Medvedev on Thursday that he backs Moscow's efforts to resolve the dispute over Tehran's nuclear drive diplomatically, the Kremlin said.

• January 5, 2012

A new law in Belarus will restrict access to foreign websites and force internet clubs and cafes to report users visiting sites registered abroad.

• January 4, 2012

Differences between the US and Russia over the follow-up to the Strategic Arms Reduction Treaty that expires on December 5 are greater than previously disclosed, Russia media reported Thursday.

• January 4, 2012

Anand Sharma with Saudi Trade Minister New Delhi, Jan 4 : India and Saudi Arabia have decided to promote bilateral investment and joint ventures for boosting trade as well as services between the two countries.

• January 4, 2012

Russia, Belarus and Kazakhstan launched the Common Economic Space (CES) on Sunday to further promote free movement of goods, capital and workforce within them.

• January 3, 2012

In a sign of mounting Russian pressure on Ukraine to share its pipeline network, Gazprom's chief executive has warned that procrastination in talks would result in a bad deal for Kyiv as construction of a competing pipeline would lead to a price slump.

• January 3, 2012

French Foreign Minister Alain Juppé (pictured) has urged European countries to agree to an oil embargo on Iran by the end of January, saying he has “no doubt” Tehran is pursuing the development of nuclear arms.

• January 3, 2012