Iran’s parliament on Wednesday ratified a 20-year strategic cooperation agreement with Russia, a move that signals deeper military and economic alignment between the two countries.
The deal, originally signed by Russian President Vladimir Putin and Iranian President Masoud Pezeshkian on January 17, was previously approved by Russia’s parliament in April. While the agreement stops short of including a mutual defense clause, it outlines cooperation on military-technical development, joint exercises, and coordination against shared security threats.
Iran and Russia have grown closer since the start of the Ukraine war in 2022. Western governments have accused Tehran of supplying drones and missiles for Russian use in Ukraine—claims Iran denies.
Beyond defense, the agreement also includes plans to expand economic collaboration. It promotes direct cooperation between Iranian and Russian banks and encourages the use of national currencies in trade. The move comes amid ongoing sanctions on both economies by the US and its allies.
Last week, a free trade agreement between Iran and the Russia-led Eurasian Economic Union also came into effect, further reducing tariffs and opening the door to greater commercial exchange.
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Australia has pledged $283 million to support a green hydrogen project led by explosives manufacturer Orica, aiming to boost renewable energy production and reduce industrial emissions.
Brazilian authorities have arrested a suspect linked to a cyberattack that diverted more than 540 million reais (about $100 million) from the country’s banking network.
An unidentified North Korean man crossed the heavily guarded land border into South Korea and is currently in custody, according to the South’s Joint Chiefs of Staff.
Egypt on denounced Ethiopia’s completion of the Grand Ethiopian Renaissance Dam (GERD), warning that the move lacks any legally binding agreement and undermines the water rights of downstream countries.
The European Commission is set to propose allowing carbon credits from other countries to count towards the EU’s 2040 climate target, according to a leaked internal document.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade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.
Italy plans to grant approximately 500,000 work visas to non-EU nationals between 2026 and 2028, as announced in a cabinet statement. The initiative aims to address labor shortages by expanding legal immigration pathways
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Brazilian authorities have arrested a suspect linked to a cyberattack that diverted more than 540 million reais (about $100 million) from the country’s banking network.
An unidentified North Korean man crossed the heavily guarded land border into South Korea and is currently in custody, according to the South’s Joint Chiefs of Staff.
Egypt on denounced Ethiopia’s completion of the Grand Ethiopian Renaissance Dam (GERD), warning that the move lacks any legally binding agreement and undermines the water rights of downstream countries.
Turkish defence company Repkon will set up a 155-millimeter artillery ammunition filling facility in cooperation with Norwegian firm Nammo, aiming to boost Denmark’s national ammunition production.
Abdul Qader Husariya, governor of the Central Bank of Syria, said on Friday that Syria will not borrow from abroad.
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