Ukraine urges EU to approve $163 billion loan from frozen Russian assets as budget gap looms
Ukraine is pushing European allies to agree next month on a proposed $163-billion loan backed by frozen Russian state assets to avert a major 2026 bud...
The president of Cyprus reaffirmed his government's commitment to strengthening defense and security ties with the U.S., highlighting that his recent meeting with President Biden outlined ambitious steps for their already strong bilateral relations.
After meeting with President Joe Biden, Cyprus President Nikos Christodoulides declared his intention to deepen defence and security ties with the United States, calling the two countries' relationship at a "historic high."
During his first 18 months in office, Christodoulides emphasized energy initiatives and strengthening law enforcement collaboration against money laundering and sanctions evasion. The US-funded CYCLOPS center, which provides essential maritime security training to officials from neighboring nations, is a crucial component.
Christodoulides indicated that if a legislative arms ban is lifted, it may be possible to purchase weapons made in the United States. Additionally, he highlighted Cyprus's contribution to the repatriation of more than 3,600 citizens from Lebanon, establishing the island as a temporary safe haven.
The president also praised the Amalthea plan, which made it possible to send a substantial amount of aid to Gaza through a recently built sea channel. He reaffirmed Cyprus's commitment to Western principles and asked US law enforcement for help in looking into sanctions evasion linked to Russian interests.
Regarding energy cooperation, Christodoulides said he was confident that two large US corporations, ExxonMobil and Chevron, will be involved in exploring for hydrocarbons in Cyprus' offshore economic zone. Chevron is updating its development plans for the Aphrodite gas field, while ExxonMobil is set to drill two more wells in January. These developments position Cyprus to become a major gas supplier, with significant geopolitical implications.
"As we prepare to direct the first gas from Aphrodite to market, Cyprus will become a gas seller, a development that is crucial both financially and geopolitically," Christodoulides stated.
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Emirates Airline is confident in Boeing’s plans for a larger 777X and has ruled out ordering Airbus’s A350-1000 at the Dubai Airshow.
Turkish Defence Minister Yaşar Güler stated on Monday that it would take at least two months to reach initial conclusions and analyse the black box of a Turkish cargo plane that crashed in Georgia last week, resulting in the deaths of 20 soldiers.
China's Foreign Minister Wang Yi on Tuesday talked up "high-level exchanges" in a call with Japanese counterpart Toshimitsu Motegi, hinting at a potential meeting between Chinese President Xi Jinping and Japan's new premier, Sanae Takaichi.
The Kremlin stated on Monday that it hoped another summit between Russian President Vladimir Putin and U.S. President Donald Trump could take place once the necessary preparations had been completed.
Ukraine is pushing European allies to agree next month on a proposed $163-billion loan backed by frozen Russian state assets to avert a major 2026 budget shortfall, Reuters reported.
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