Russia seizes assets worth $50 BN in three-year ‘fortress’ push
Russia has confiscated 3.9 trillion roubles (about $50 billion) in company assets since 2022, signalling a decisive shift towards a 'fortress Russia' ...
'From economy to diplomacy, from trade to security, we need a new approach and a new global order to solve problems,' says Recep Tayyip Erdogan
Turkish President Recep Tayyip Erdogan on Monday said the financial cost of destruction in Gaza is estimated at $100 billion and that Israeli Prime Minister Netanyahu's government is responsible for "this heavy bill."
"The Israeli administration must first be charged with the destruction it has caused and with this, the reconstruction process in Gaza should be started," Erdogan said at the Türkiye-Malaysia Strategic Cooperation in the New Century meeting in Kuala Lumpur alongside Malaysian Prime Minister Anwar Ibrahim.
Instead of looking for a place for Gazans he cannot uproot from their land, Netanyahu should look for a source to cover the $100 billion in the damage he caused in the Palestinian enclave, the Turkish president said.
"Homes, lands, and workplaces seized by the Israeli state and the 'rogue' settlers must be returned to the rightful Palestinian owners," Erdogan added.
He noted that nobody will be able to inflict a second Nakba on the Palestinian people.
Erdogan also stated that building a trust-based system that embraces everyone and values differences as a source of richness is not a choice but an obligation.
"From economy to diplomacy, from trade to security, we need a new approach and a new global order to solve problems," he underscored.
For his part, Anwar said that Türkiye is a country that has significantly increased its national consciousness and honor, and has become a geopolitical power.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
European Commission President Ursula von der Leyen urged stronger sanctions and defence support for Ukraine as the EU's 18th sanctions package against Russia nears approval.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
Archaeologists have uncovered a 3,500-year-old city in northern Peru that likely served as a key trade hub connecting ancient coastal, Andean, and Amazonian cultures.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
Energy integration between Azerbaijan and Europe, along with opportunities to increase gas supplies was discussed during Energy Minister Parviz Shahbazov’s visit to Slovenia, at the invitation of Minister of Environment, Climate and Energy Bojan Kumer.
Türkiye’s foreign and defence ministers will travel to Pakistan on Wednesday to meet Prime Minister Shehbaz Sharif for talks on bilateral relations and defence cooperation, a Turkish diplomatic source said.
Kazakhstan will seek to protect its national interests in talks with the United States after receiving notice of new import tariffs due to take effect from 1 August, its trade ministry said on Tuesday.
Another Russian Transport Ministry official has died on Monday. Andrey Korneichuk, 42, who worked for the Federal Agency for Rail Transport, passed away amid news about the alleged suicide of former Russian Transport Minister Roman Starovoit.
Kyrgyzstan and Tajikistan have signed 13 agreements during President Sadyr Japarov’s visit to Dushanbe, marking a new chapter in bilateral ties following the resolution of a decades-long border dispute.
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