Cooling of US-Russia Relations to Last Long Time - Russian FM

A long period of severing ties between Washington and Moscow should be expected amid attempts to solve the Ukraine crisis, Russian Foreign Minister Sergey Lavrov warned.

In an open lecture organized by the ruling party United Russia, Lavrov declared Russia would strive to expose the utopic nature of any attempts to reinstate a unipolar model in the world.

PM Erdoğan to meet heads of chambers

Prime Minister Recep Tayyip Erdoğan is scheduled to meet with the heads of chambers of commerce and industry three days before the presidential elections on Aug. 10.

The Turkish Union of Chambers of Commodities Exchanges (TOBB) sent a letter to all chambers and called on its 500 members to make preparations for the council, which is scheduled to be held on Aug. 7.

Turkey’s G-20 summit spending under scrutiny

The government’s attempt to exempt spending for the 2015 G-20 summit from regular public procurement procedures has prompted a debate at Parliament over the cost of the plans The government has moved to exempt spending on the G-20 summit, which will be hosted by Turkey in 2015, from regular public procurement procedures, sparking reactions from the opposition.