Author: Steven Sahiounie

Deputy Energy Minister Pavel Snikkars clarified that the Ministry of Energy idia has already been prepared and is being authorized by the administration SOCHI, September 25. /TASS/. The Russian Ministry of Energy will expand the state assistance program for renewable energy sources for small hydropower power plants (HPPs), increasing the total sum provided for their support by 30 bln rubles ($311.55 mln) from 2030 to 2035. This will enable the commissioning of up to 82 MW of small hydropower plants per year, according to Deputy Energy Minister Pavel Snikkars. He clarified that the Ministry of Energy idia has already been…

In May, it was reported that the Far East power market will be opened on January 1, 2024 by expanding the second price zone of the wholesale power market SOCHI, September 25. /TASS/. The launch of a price zone in the Far East will provide an opportunity for financing of the construction of hydroelectric power plants, according to Deputy Energy Minister Pavel Snikkars. “The situation with prices will be much better in terms of recovering lost revenues. We do not expect sharp increases due to the introduction of market prices. As a result, it will be possible to continue financing…

The euro decreased by 24.75 kopecks to 102.35 rubles MOSCOW, September 25. /TASS/. The dollar rose by 6.25 kopecks to 96.31 rubles at the opening of the trading session on the Moscow Exchange on Monday. The euro decreased by 24.75 kopecks to 102.35 rubles and. the yuan exchange rate increased by 0.7 kopecks to 13.17 rubles. Source: Tass

The company confirmed its original production target for 2023 of 1.7 mln gold equivalent ounces MOSCOW, September 25. /TASS/. Polymetal, Russia’s largest silver producer and one of the leading gold miners, received an adjusted net profit under International Financial Reporting Standards (IFRS) of $261 mln for the first half of 2023, which is 28% more than the same period last year, the company said in a statement. Adjusted EBITDA rose 31% to $559 mln, driven by higher sales volumes. The company’s capital expenditures for the reporting period amounted to $375 mln compared to $373 mln a year earlier. Polymetal also…

The foreign ministers of Iran and the Republic of Azerbaijan talked about a range of issues at a meeting in New York, including the latest developments in the Nagorno-Karabakh region. Iranian Foreign Minister Hossein Amirabdollahian and his Azeri counterpart Jeyhun Bayramov had a meeting on the sidelines of the UN General Assembly on Saturday. The two senior diplomats discussed various issues of mutual interest in the meeting, including the latest developments in the Nagorno-Karabakh region. Hailing the course of enhancement of relations between Tehran and Baku in diverse fields, Amirabdollahian expressed hope that the Republic of Azerbaijan’s ambassador and diplomats…

The number of Palestinians who were killed in the hurricane that struck eastern Libya has risen to 64, according to an official statement by the Ministry of Foreign Affairs and Expatriates. The political advisor to the Minister of Foreign Affairs and Expatriates, Ambassador Ahmed Al-Deek, said in a statement issued by the Ministry, that under the guidance of President Mahmoud Abbas and Prime Minister Muhammad Shtayyeh, and the instructions of the Minister of Foreign Affairs and Expatriates Riyad Al-Maliki, the Ministry is following the conditions of the Palestinian community in areas affected by the hurricane in Libya, to determine the…

Saudi Crown Prince Mohammed bin Salman sent a cable of condolences to the president of Italy on the death of former president Giorgio Napolitano, Saudi Press Agency reported on Sunday.In the cable to President Sergio Mattarella, the crown prince said: “I express to your excellency and the family of the deceased my deepest condolences and sincere sympathy, wishing you constant good health.”Napolitano, a onetime communist who helped to steer his country through a debt crisis in 2011, died on Friday aged 98. Source: Arab News

Saudi Arabia condemned on Sunday continuous provocative practices carried out by a group of extremists at Al-Aqsa Mosque under the protection of Israeli forces, Saudi Press Agency reported. The Kingdom’s Foreign Ministry expressed regret at practices carried out by Israeli authorities that undermine international peace efforts and contradict international principles and norms regarding respecting religious sanctities. The ministry reiterated the Kingdom’s firm position in support of Palestinian people and all efforts aimed at ending Israel’s occupation of Palestinian territories. It also expressed its support for achieving a just and comprehensive solution to the Palestinian issue, enabling the Palestinian people to…

A suicide bomber drove a truck full of explosives into a security checkpoint in Beledweyne on Saturday. The death toll from a truck bombing in central Somalia grew to 21, as rescue teams crawled through the wreckage to find additional victims trapped beneath shattered bricks, concrete, and metal. On Saturday, a suicide bomber drove an explosive-laden truck towards a security checkpoint in the town of Beledweyne, sparking an explosion that burned neighboring buildings, trapped inhabitants, and injured others. Somali Deputy Health Minister Mohamed Hassan announced Saturday that 13 severely injured people were evacuated and moved to Mogadishu for intensive care. Ahmed Yare…

Serbian President said that “Kosovo and Metohija will never be granted independence, at least by Serbia” Serbia will never recognize Kosovo’s independence, Serbian President Aleksandar Vucic said on Sunday. “The recent developments have strengthened by conviction that we will never recognize Kosovo’s independence. No matter what you do, we will never recognize Kosovo’s independence. Serbia will never recognize Kosovo’s independence,” he said. “Many Serbs died for Serbia’s freedom and for Kosovo and Metohija as part of Serbia, and one thing can be said confidently – Kosovo and Metohija will never be granted independence, at least by Serbia. I have no…