live Moscow and Kyiv exchange 10 prisoners of war each, Russian official says
Russia and Ukraine have exchanged 10 prisoners of war each in Belarus, Moscow's Human Rights Commissio...
President Ilham Aliyev has said the opening of the Zangezur corridor is no longer in question, describing it as a strategic transport link that will connect mainland Azerbaijan with the Nakhchivan Autonomous Republic and carry cargo from China and Central Asia to wider regional markets.
Speaking in an interview with local television channels on 5 January, President Ilham Aliyev said Azerbaijan began implementing the project shortly after the Second Karabakh conflict.
“We actually started implementing this corridor a few months after the war. If I am not mistaken, the foundation of that railway was already laid at the beginning of 2021,” he said.
Ilham Aliyev said there had never been a serious doubt about the corridor’s completion. “To be honest, I had no doubt that this road would be opened.If there had been any doubts, we probably would not have invested so much money,” he said, adding that firm language at times was deliberate. “Sometimes such rhetoric is needed because it mildly encourages the other side, so to speak.”
He said political decisions taken in Washington last year removed any remaining uncertainty. “The resolution of this issue in America with the participation of President Donald Trump made this issue appear to be a completely resolved issue,” Aliyev said, adding that the corridor’s name may change, but “that does not change the essence”.
President Aliyev said Azerbaijan currently relies on a single westward railway route and that the Zangezur corridor will provide a necessary second link. He said this would increase competition, prevent monopolisation of transit and improve tariff competitiveness across regional routes.
The president said the corridor would initially serve as a direct link with Nakhchivan but would also function as an international transport route. “We expect cargo from China and Central Asian countries to travel along the Zangezur corridor,” he said, describing Azerbaijan as “a priority partner for the People’s Republic of China in this region, both in terms of volumes of trade and potential”.
“These flows can go in many directions,” Aliyev said. “From here, they can go to the West, through the Zangezur corridor towards the Middle East and the Persian Gulf, and in the northern direction as well.”
President Aliyev said the corridor will link the East-West and North-South routes, with projected annual cargo capacity reaching 15 million tonnes. “There are no remaining obstacles to the project,” he said.
Construction on the Azerbaijani territory is already well advanced. Ilham Aliyev said the highway leading to the Armenian border is 95% complete, while railway construction has reached 70% physical readiness. He added that work could be accelerated if needed, but noted that construction has not yet begun on the Armenian section, which includes a 42-kilometre stretch.
He said Armenia would be unable to step away from the project. “I do not believe that Armenia will be able to evade it. This would be tantamount to suicide,” Aliyev said, adding that reports from Armenia suggest physical construction of the route is planned to begin this year.
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concerns over potential disruption to regional oil supplies.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Secretary of State Marco Rubio told allied foreign ministers Washington will focus on sanctions and other pressure on Iran “for the time being”, Axios reports. Meanwhile, Iran and Oman have resumed talks on a temporary shipping route through the Strait of Hormuz.
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffic through the key energy chokepoint.
Russia and Ukraine have exchanged 10 prisoners of war each in Belarus, Moscow's Human Rights Commissioner, Yana Lantratova, has said.
The inaugural Silk Road Finance & Technology Forum brought together policymakers, investors and technology companies as Central Asia looks to build a more connected financial system and compete for a bigger share of global fintech investment.
The Silk Road Finance & Technology Forum will bring more than 6,000 policymakers, investors and technology leaders from 74 countries to Tashkent, as Central Asia seeks a bigger role in the global fintech landscape.
Kazakhstan is considering the Baku-Supsa pipeline as an alternative oil export route after Caspian Pipeline Consortium disruptions cost the country an estimated 3.5 million tonnes of oil, Energy Minister Yerlan Akkenzhenov said.
Kuwait’s Al-Sayer Group plans to export fresh and dried Afghan fruit to Kuwait and other markets while exploring broader trade and investment opportunities in Afghanistan, according to Afghan government statements following talks in Kabul on Tuesday.
Central Asia’s fintech ambitions are in the spotlight as a major forum in Tashkent draws to a close, shifting attention from the region’s potential to the investment, infrastructure and global reach needed to turn that vision into growth.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment