Russia's Lukoil says it plans to sell international assets due to Western sanctions
Russia’s second-largest oil company, Lukoil LKOH.MM, announced on Monday that it plans to sell its international assets following U.S. sanctions imp...
The Middle Corridor continues to expand as new member companies join the route, following joint efforts by Türkiye, Georgia, Kazakhstan, Ukraine, and Azerbaijan to develop the corridor.
This was stated by Ufuk Yalçın, General Director and Chairman of the Board of Türkiye’s State Railways (TCDD Taşımacılık), during a press briefing in Baku.
According to him, the Middle Corridor currently serves as the shortest and safest route for freight transportation between China and Europe. "The corridor ensures the fastest and most reliable transportation of goods produced in China to Europe and vice versa," Yalçın emphasized.
He also noted that the Trans-Caspian International Transport Route (TITR) International Association now has more than 20 members.
"As Türkiye, we are consulting with Azerbaijan to strengthen the Middle Corridor. Our goal is to increase freight transportation along the corridor to 2.5 million tons by 2025. This year, we plan to transport approximately 96,000 containers via the Middle Corridor," Yalçın stated.
He further highlighted that, as a result of recent efforts, an official TITR representative office has been established in China. "In 2025 and beyond, we aim to continue developing the Middle Corridor and further increase freight transportation between the West and the East, in addition to the North-South corridors as an alternative route," he added.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
Uzbek President Shavkat Mirziyoyev has met with U.S. President Donald Trump’s Special Envoy for South and Central Asia, Sergio Gor, to discuss preparations for next week’s planned C5+1 Leaders’ Summit in Washington.
Moldovan President Maia Sandu has warned that Russia is recalibrating its political strategy following recent regional elections and intends to continue interfering in political processes across multiple countries, including Moldova and Armenia, Caliber.Az reported, citing Moldovan media.
Armenia’s foreign minister says the presidents of Azerbaijan and Türkiye have been verbally invited to attend the 8th European Political Community summit due in Yerevan next spring.
Iran's Minister of Road and Urban Development Farzaneh Sadegh has said that Iran and Russia are scheduled to sign a railway agreement next month in Moscow.
Armenian Foreign Minister Ararat Mirzoyan has dismissed debate over who benefits more from recent agreements with Azerbaijan, calling the talks a mutual gain.
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