Author: Steven Sahiounie

Dhaka will import crude from “whoever gives us a comfortable price,” its prime minister has said Bangladesh will continue to buy Russian oil if it’s offered at an affordable price despite concerns about antagonizing the West as the South Asian country looks to secure energy supplies, Prime Minister Sheikh Hasina said last week. Commodity prices, including oil, have surged globally over the past year and Dhaka is struggling to preserve dwindling foreign currency reserves and shore up its shaky economy. When asked about the possibility of continuing to buy Russian oil during the Qatar Economic Forum, Hasina said that if…

Riyadh alleges that Moscow hasn’t actually cut the 500,000 bpd that it promised, the media outlet reports Saudi Arabia has accused Russia of not entirely fulfilling its pledge to curb oil production in response to Western sanctions, the Wall Street Journal reported on Saturday, citing people familiar with the matter. Riyadh has reportedly complained to senior Russian officials about the matter and asked Moscow to honor the output cuts of 500,000 barrels per day (bpd) that the two biggest oil producers in the OPEC+ group agreed in April to make. The curbs, which took effect in May and are set…

The Model Y has outsold popular Toyota vehicles this year despite being almost double the price The Tesla Model Y electric crossover became the world’s best-selling car in the first quarter of this year, data from market research company JATO Dynamics published on Friday revealed. The Model Y surpassed Toyota’s RAV4 and Corolla models to emerge as the first ever all-electric vehicle to top global sales rankings. The Model Y saw 267,200 units sold globally in the first three months of the year, compared to 256,400 for the Corolla and 214,700 for the RAV4 in the same period. This is…

US policy mistakes could still threaten the greenback’s reserve status in the near term, according to the rating agency The US dollar’s dominance in global trade and finance will persist for decades despite the challenges, as there are no viable alternatives at the moment, according to Moody’s Investor Services rating agency. “We expect a more multipolar currency system to emerge over the next few decades, but it will be led by the greenback because its challengers will struggle to replicate its scale, safety and convertibility in full,” Moody’s analysts wrote in a note last week. According to the rating agency, the…

G7 plan to restrict gem exports from Moscow poses a threat to India’s polishing industry Restrictions on exports of Russian diamonds that the G7 countries have been considering for over a year pose a threat to India’s polishing industry, the Economic Times reports. The Indian diamond industry cuts and polishes nine out of ten diamonds in the world at a processing hub in Surat, the outlet said. A potential embargo is weighing heavily on Surat’s more than 4,000 diamond processing companies, which employ at least a million craftsmen, polishers, and traders, according to industry experts. The town of Surat imports…

Zelenksy’s office releases the full video after the edited version spiraled criticism over Graham’s comments regarding Russians dying. Russia placed US Republican Senator Lindsey Graham on a wanted list, over remarks he made during a meeting with Ukrainian President Volodomyr Zelenksy in Kiev on Friday, in which Graham appeared to be hailing the killing of Russians. The Senator’s comments were exposed in a video of the meeting released by Zelenksy’s team. Ukraine’s presidential office initially released an edited version of the footage, where Graham was shown saying, “The Russians are dying,” followed by stating that the US funding of Kiev is the…

In October 2022, Russian President Vladimir Putin put forward the idea of ​​creating a gas hub in Turkey, where the lost volumes of transit through the Nord Stream gas pipeline could be redirected President of Turkey Recep Tayyip Erdogan reiterates the intention to implement the gas hub project in Turkey. “We will strengthen Turkey’s positions as an international hub even further. Actually, Mr. Putin mentioned again [creation] of the hub in the region of Thrace in Turkey in his congratulatory message. We will do that together with them [Russia – TASS]. There will be the hub in Thrace,” Erdogan said…

The document is now made accessible through the official legal information portal. Russian President Vladimir Putin signed on Monday a decree on the formal denunciation of the Treaty on Conventional Armed Forces in Europe (CFE) by Moscow. Sergey Ryabkov has reportedly been appointed as the President’s official representative during Parliament’s deliberations over the denunciation of the treaty. The document is now made accessible through the official legal information portal. During the final days of the USSR, the CFE accord served as one of the key components of an effort to defuse tensions between NATO and the Warsaw Pact bloc. The agreement, signed…

The Palestinian Resistance repels an aggression carried out by Israeli occupation forces on the Jenin refugee camp after hours of heavy confrontations. A Palestinian youth was martyred after succumbing to wounds sustained by Israeli occupation forces’ gunfire during their storming of the Jenin refugee camp early Monday, Palestinian media reported. The Palestinian Ministry of Health announced the martyrdom of Ashraf Mohammad Amin Ibrahim (37 years old). According to the Ministry, Ibrahim was shot with two explosive bullets, one in his abdomen that caused his liver to shatter, while another hit his chest puncturing his lung. Palestine state broadcaster stated that…

The recent Turkish has been geopolitically charged, while domestically it set the Turks on a crossroads between the restoration of Ataturkian national secularism and sustaining the AKP’s Islamic populism.  Erdogan’s third term as President has incited the West’s concerns about the possible implications his new term might have on global politics, specifically in regard to pressing matters such as NATO, the Russo-Ukrainian war, and refugees. The recent Turkish election has been geopolitically charged, while domestically it set the Turks on a crossroads between the restoration of Ataturkian national secularism and sustaining the AKP’s Islamic populism. Internationally, this would decide how…