The rocket Angara was named after a Siberian river flowing out of Lake Baikal. It was expected to launch a payload of two tonnes into space.
Russia and four other ex-Soviet nations, viz., Belarus, Kazakhstan, Armenia and Kyrgyzstan finalised the creation of Eurasian Economic Union.
Ukrainian Parliament, Rada, on 24 December 2014 overwhelmingly adopted a bill that enables the country to join North Atlantic Treaty Organisation (NATO).
China and Nepal signed an agreement to expand the use of their currencies for border trade.
The military chiefs of Afghanistan and Pakistan agreed to co-ordinate on military operations along border of two countries.
The project aims to rival Panama's waterway and revitalize the economy of Nicaragua, the second poorest country in the Americas after Haiti. The 50 billion US dollar project is backed by China.
Arms Trade Treaty came into effect. The treaty lays down international rules for global arms trade.
Taiwan on 23 December 2014 launched its largest ever missile warship named Tuo Chiang, a 500-tonne corvette missile.
Leaders of Ukraine, Russia, France and Germany reached an agreement to hold new round of peace talks on Ukraine to imporve the ties between Russia and the West
India exported CGS Barracuda offshore patrol vessel (OPV) to Mauritius which is the first warship ordered by a foreign country from shipyard of India.
The results of 2014 Presidential elections of Tunisia were declared on 22 December 2014. Beji Caid Essebsi of Nidaa Tounes party won the elections with 55.68 percent vote
President of Egypt Abdel-Fattah Al-Sisi ratified the electoral constituencies law which paves the way for parliamentary elections of 2015.
The US President signed annual defence budget NDA 2015 that sets overall defence spending at 578 billion US dollars.
Constitutional court of South Korea on 19 December 2014 ordered the dissolution of leftist Unified Progressive party (UPP) accused of pro-North Korea activities.
The decision to grant associate membership to Pakistan was taken in lieu of Pakistan’s contribution to building the CMS and ATLAS experiments since it signed a Co-operation Agreement with CERN in 1994.
The United States and Cuba agreed on 17 December 2014 to restore diplomatic ties between the two countries.
The US President Barack Obama on 18 December 2014 signed Ukraine Freedom Support Bill, 2014 passed by the US Congress making it into an Act.
United Nations General Assembly adopted a resolution referring North Korea to the International Criminal Court for human right abuses.
UNSC on 18 December 2014 extended the mandate of the UN Disengagement of Forces agreement (UNDOF) in Golan Heights until 30 June 2015.
UNSC renewed its authorization for humanitarian aid to Syria for 12 months without Syria’s government consent.
The US Senate unanimously passed a resolution recognising Kailash Satyarthi and Malala Yousafzai as symbol of peace.
US slapped sanctions on Oil trading firms of Switzerland and Netherland for dealing with Syria.
Tehreek-e-Taliban militants attacked Army-run school of Peshawar, Pakistan and killed at least 141 people including 132 students.
Japanese Prime Minister Shinzo Abe re-elected for another four-year term after Japan's ruling coalition won a two thirds majority in the Snap Elections.
The Global Financial Integrity (GFI) on 15 December 2014 released the Global Illicit Financial Flows Report 2014 titled Illicit Financial Flows from the Developing World: 2003-2012.
The acceptance of Palestine as an Observer State came in a procedural move at the opening session of the Assembly of States Parties to the Rome Statute in The Hague, the Netherlands.
Prime Minister of Haiti Laurent Lamothe was resigned following anti-government protests over delayed elections and calls for elections.
Indian Navy won fifth edition of Admirals Cup 2014 held at the Ettikulam Bay, at Ezhimala.
Anerood Jugnauth appointed as Mauritius Prime Minister by the President Purryag.
The forest department had engaged nearly 100 boats to collect the furnace oil spilled from the tanker which sank in the Shela river in the Sundarbans after being hit by a cargo vessel.