Topic: Top stories of the day
*The Russian Knights formation aerobatics team will not take part in the Farnborough International Air Show due to a lack of permits for taking military equipment out of the country, the organizers of the airshow said
*Residents of the southern Russia’s city of Krymsk, the most affected by Saturday’s severe floods, blamed authorities for opening reservoirs what as they say could have caused a sudden wave of water that had swept the city
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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.