Problems with naval routes open new opportunities for cooperation between Moscow and Astana, Overchuk says
Previously successful international maritime routes can no longer be considered safe, as far as they are being used as tools of confrontation
Economy
Gasoline exports from Russia to be prohibited until the end of the year
The Deputy Prime Minister also announced plans to ban diesel fuel exports
Iran, Armenia expand energy cooperation
The Iranian and Armenian authorities have agreed to establish a joint specialized working group to develop bilateral cooperation in energy and gas trade
US extends sanctions exemption for sale of Lukoil International
The U.S. administration has extended until August 22 the sanctions exemption allowing for the sale of Lukoil International GmbH (LIG), according to General License 131H released by the U.S. Department of the Treasury’s Office of Foreign Assets Control.
Russian envoy assesses development of trade ties with Turkey
Russia is satisfied with the development of trade and economic relations with Turkey, Russian Ambassador to Ankara Sergey Vershinin said in an interview with the Haberturk TV channel.
Russian Central Bank cuts key rate to 14 percent per annum
The Bank of Russia has decided to cut its key rate by 25 basis points to 14% per annum, according to the regulator’s press release following its board meeting.
Moscow and Baku discuss expanding agricultural cooperation
Russia and Azerbaijan discussed expanding cooperation in agriculture and improving water resources management, Azerbaijan's Ministry of Agriculture reported.
Azerbaijan increases investment in Eurasian Transport Framework by 62 percent
Azerbaijan increased its investment in the Eurasian Transport Framework by 62% this year, with the majority of projects being implemented in Russia.
Brent crude rises above 100 dollars for first time since May 26
Oil prices continued their sharp rise on July 23, with Brent crude crossing the $100 mark for the first time since May 26.
Uzbekistan to launch first toll road in August
Travel time between Urgench and Khiva will be reduced to 17 minutes when Uzbekistan's first toll road opens next month, Uzbek President Shavkat Mirziyoyev announced.
Azerbaijan's hazelnut export revenue exceeds 95 million
Azerbaijan earned over $95 million from hazelnut exports in the first half of 2026, marking a 25% rise compared with the same period last year.
Azerbaijani company to engage in oil production in US
GL Group, Azerbaijan's first privately-owned group of oil and gas companies, today in Houston announced that it has completed the acquisition of upstream oil and gas assets in four producing oil and gas fields near Midland, Texas, U.S.A. comprising more than 200 active producing wells, and has formally assumed 100% operatorship of the assets.
Azerbaijan's oil price climbs above 100 dollars
The price of Azerbaijan's Azeri Light crude oil on a CIF basis at Italy's Augusta port increased by $1.83, or 1.85%, from the previous session to $100.56 per barrel.
Saudi Arabia and US sign nuclear program deal
The United States and Saudi Arabia have concluded an agreement on Washington’s support for the kingdom’s peaceful nuclear program, the …
Oil prices climb toward 100 dollars
Brent crude rose above $98 per barrel while WTI approached $90 as geopolitical tensions intensified. Houthi forces claimed attacks on two Saudi oil tankers, prompting some vessels to avoid the Bab el-Mandeb Strait. Markets are increasingly pricing in the risk of supply disruptions after oil gained nearly 20% in roughly two weeks.
UAE to build two terminals to reduce Hormuz reliance
The UAE's DP World will develop two new container terminals in Fujairah on the United Arab Emirates' eastern coast, the global ports operator said as the Gulf state works to reduce its dependence on the Strait of Hormuz amid the Iran war.
Ghalibaf outlines condition for resolving conflict with US
Tehran will not allow anyone in the region to sell oil if Iran it is denied such an opportunity, the speaker of Iran’s unicameral parliament Majlis, Mohammad Bagher Ghalibaf, said.
Georgia and Singapore discuss transport and logistics cooperation
Georgia's Economy Minister Mariam Kvrivishvili discussed economic cooperation with her Singaporean counterpart Jeffrey Siow during a visit to Singapore.
Georgia sharply increases tomato imports from Azerbaijan
Georgia's tomato imports from Azerbaijan surged 2.6‑fold in early 2026, with purchases exceeding 3,700 tons in January-June.
Second stage of largest wind farm commissioned in Dagestan
Rosatom Renewable Energy, Rosatom state nuclear energy corporation's wind energy division, commissioned the second stage of the Novolakskaya Wind Farm with capacity of 147.5 MW on Wednesday in Dagestan.
