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...
Expanding cross-border commerce and strengthening regional trade corridors topped the agenda in Baku on Tuesday (24 February), as senior lawmakers from Türkiye, Azerbaijan and Georgia met to discuss deeper economic integration across the South Caucasus.
The talks focused on boosting connectivity between the three countries, including the development of new land and rail links designed to accelerate trade flows between Asia and Europe. Enhancing political dialogue between the national assemblies and coordinating approaches to regional security were also high on the agenda.
Fuat Oktay, head of the Turkish parliament’s foreign affairs committee, travelled to the Azerbaijani capital to attend the trilateral meeting with his Azerbaijani and Georgian counterparts.
Addressing reporters after the talks, Oktay described Azerbaijan as a “second homeland” for Türkiye and said the South Caucasus was undergoing rapid political and economic transformation.
He pointed to the ongoing normalisation process between Azerbaijan and Armenia, which gathered pace in summer 2025 when Baku and Yerevan initialled a U.S.-backed peace agreement after decades of strained relations. Since then, he said, the two sides have taken tangible steps towards reopening cross-border commerce.
“Oil trade is now taking place directly between Armenia and Azerbaijan,” Oktay said, describing the development as a concrete sign of improving ties.
He added that the diplomatic breakthrough had also created momentum for what he called a parallel normalisation process between Türkiye and Armenia. Ankara has long maintained that progress in Türkiye–Armenia relations should advance in step with improved ties between Baku and Yerevan.
A key pillar of the emerging regional framework is a proposed land corridor linking mainland Azerbaijan to its Nakhchivan exclave - and onward to eastern Türkiye - via Armenia’s Syunik province.
The route, formally titled the Trump Route for International Peace and Prosperity (TRIPP) and widely referred to as the Zangezur Corridor, is intended to stimulate trade and reinforce regional connectivity.
Oktay said Georgia would also play an important role in the broader connectivity architecture. He highlighted the strategic value of the Baku–Tbilisi–Kars railway as a central component of the so-called Middle Corridor, a transport route linking China with European markets.
“The agreed TRIPP project is significant for the entire region,” Oktay said. “I believe Georgia will also benefit from it.”
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.
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