0715GMT//Kremlin recognises Islamic State of Afghanistan; oil and gas revenues drop to lowest in 2-1/2 years; deputy head of navy killed
RECOGNISING THE TALIBAN: Russia on Thursday became the first country in the world to recognise the Islamic State of Afghanistan. (COMMENT: Economics is driving this decision. The Kremlin needs Afghanistan as part of a transit route south to South Asia. The Taliban and the Kremlin also share enemies – the West.