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Abstract: The paper considers the necessity of application of virtual learning environment as a means of intercultural interaction and summarizes the experience of international intercultural interaction carried out at Ural State Pedagogical University (USPU) within the Global Understanding project (East Carolina University, USA). The project has been realized in USPU since 2012. It also analyzes educational opportunities of the project with respect to development of competences crucial for successful self-realization in the global world. Extensive involvement in international interaction is of paramount importance to establishing mutual understanding with other cultures. Within the given context it is vital to create the learning environment for intercultural interaction. Establishing such an environment at USPU is rather successful not only due to modern technology support, but also to purposely designed information resources. Analysis of forms and content of the project defines educational opportunities of interactive intercultural collaboration. This new on-line educational activity allows students to be globally competent. It promotes intercultural dialogue, strengthens mobility and international cooperation for peace, sustainability and social inclusion.