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Brent crude slumped to the lowest level since 2004 amid speculation suppliers from the Middle East to the U.S. will exacerbate a record glut as they continue fighting for market share, Bloomberg reports:

Vladimir Putin held a briefing session with permanent members of the Security Council on December 18.The meeting participants discussed ways to cut off sources of terrorist funding in light of the relevant resolution adopted by the UN Security Council.

European Union envoys agreed on Friday a six-month rollover of the bloc's economic sanctions on Russia, diplomats said, extending the measures on energy, banking and defence sectors until the end of July 2016, Reuters reports.

Russia is not competing with anyone in fighting terrorism and continues favouring the creation of a broad counter-terrorism coalition under the UN supervision, the head of the Russian Foreign Ministry department for new challenges and threats Ilya Rogachev said in an interview with TASS on Friday.