On the Hopf algebras generated by the Yang-Baxter R-matrices

We reformulate the method recently proposed for constructing quasitriangular Hopf algebras of the quantum-double type from the R-matrices obeying the Yang-Baxter equations. Underlying algebraic structures of the method are elucidated and an illustration of its facilities is given. The latter produces an example of a new quasitriangular Hopf algebra. The corresponding universalℛ-matrix is presented as a formal power series.