Russian banks are welcome in Iran, where the Russian-Iranian Chamber of Commerce is actively working on opening a joint Russian-Iranian bank. Bahram Amirahmadiyan of the Russia-Iran Friendship Society said that the Russian ruble could also benefit from the banks’ entry to the Iranian market. Source: Sputnik
China would considering sending troops into the disputed border region between Djibouti and Eritrea, the Chinese envoy to the African Union said, as tension between the two East African countries mounts. Beijing would consider intervening if border tensions between the two countries exploded, Kuang Weilin told the Associated Press on Friday, adding that he hoped the dispute would be “solved amicably.” Source RT
The ‘Joint Sea 2017’ drills of the Russian and Chinese naval forces have begun the first stage of major exercises, marking the first time they have taken place in Europe. Source RT
Taiwan’s air force scrambled fighter jets on Thursday as military planes from China’s mainland passed through its air defence identification zone (ADIZ) over the East China Sea, the island’s military said on Friday. Source: South China Morning Post
