HELSINKI, June 27 (RIA Novosti) - Russia has revoked its signature on a border treaty with Estonia, said Russian Foreign Minister Sergei Lavrov. "As the Estonian side has failed to fulfill its commitments, we are revoking our signature on the treaty," Lavrov said. There will be no ratification since there will be no agreement itself, the minister said. "We need to start new negotiations to settle the border issues," Lavrov added.
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One of the main achievements of the 6th BRICS Summit was the signing of an official document on establishing a New Development Bank with a declared capital of $100 billion. The creation of the bank is an important step towards institutionalizing BRICS and strengthening its positions in the world in the long run.