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Malaysian PM: We Remain Russia's Friend and Are Moving to Trade in Local Currencies

Malaysian Prime Minister Anwar Ibrahim, while attending the June 18 Russia-ASEAN summit in Kazan, Russia, told RT in an interview that Russia, unlike several Western countries, “honors its commitments” and remains a friendly partner of Malaysia’s. That stands in contrast to Norway, he noted, which had recently cancelled a signed deal with Malaysia which had been 95% paid for.

Reuters, citing Malaysia’s Defense Minister, reported in May that “Malaysia is seeking compensation of more than 1 billion ringgit ($251.76 million) from Norway ​after Oslo abruptly cancelled export approvals for a naval strike missile system‌ intended for Malaysian combat ships.” Norway claimed “certain export licenses of specific defense technology to Malaysia were revoked due to changes in Oslo’s export control regulations. ​The decision caught Malaysia off guard and sparked a diplomatic row, with its ​Prime Minister Anwar Ibrahim calling the move ‘unilateral and unacceptable’.”

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