BRUSSELS – Turkiye will benefit the most from the EU’s $1.01 billion fund for pre-accession countries in agricultural and rural development, the European Commission has announced. The commission adopted assistance programs to support candidate countries in the field of agriculture in the 2021-2027 period, the EU executive body said...
BERLIN (AA) – Germany has reiterated its opposition to energy sanctions on Russia, warning that it could have negative consequences for European economies. Speaking at a joint news conference with European Parliament President Roberta Metsola in Berlin, German Chancellor Olaf Scholz said European countries should carefully asses the sugg...
ANKARA (AA) – European Central Bank (ECB) President Christine Lagarde said Tuesday that cryptocurrencies are being used to evade sanctions on Russia. “Crypto assets are certainly being used to try and evade sanctions,” Lagarde said during a speech at the Bank for International Settlements (BIS) Summit. While the Russian ruble...
BRUSSELS (AA) – EU foreign ministers have reached an agreement to double the bloc’s military aid to Ukraine, reaching a total of €1 billion ($1.1 billion). “I am glad to announce that we have reached a political agreement for the additional €500 million on the European Peace Facility,” EU foreign policy chief Josep Borrell told […...
LONDON – British Prime Minister Boris Johnson has underscored the need for countries to work together “to improve energy security and reduce reliance on Russian hydrocarbons.” Meeting with Saudi Crown Prince Mohammed bin Salman in Riyadh, Johnson “set out the UK’s view that we are facing a fundamentally changed world order following Putin’s il...
Washington’s sanctions on Russia may affect Europe more than the US, an expert warns. Harry Tzimitras, a senior fellow at the US-based Atlantic Council, told Anadolu Agency, that Europe has had much greater dependence on Russian gas. He added that when it comes to the war on Ukraine, “That’s why we see them being much […]
ANKARA (AA) – The International Monetary Fund on Monday said Russia’s war on Ukraine has dramatically changed the Ukrainian economy’s outlook, with the global body expecting “a deep recession and large reconstruction costs” amid a humanitarian crisis. In its latest report on Ukraine, the IMF said Ukraine faces a m...
BISHKEK, KYRGYZSTAN: The National Bank of Kyrgyzstan has introduced temporary restrictions for transactions with cash in foreign currencies. The restriction came into effect from March 11, at 5:30 pm for commercial banks, exchange offices, microfinance and micro-credit companies. The ban will remain in effect until further notice. The National...
BEIRUT – Lebanese authorities have said that they have received an offer from Russia to build an oil refinery in Lebanon. “We received a general offer from a private Russian company, and it may crystallize with time because similar projects take a long period of time, whether with regard to gas for electricity or fuels,” […]...
ANKARA (AA) – The EU will work to “suspend Russia’s membership rights in the IMF and World Bank, the European Commission head has said. “We will deny Russia the status of most-favored-nation in our markets. This will revoke important benefits that Russia enjoys as a WTO (World Trade Organization) member,” said Ursula von der ...
