Azerbaijan doubles watermelon exports to Russia
Azerbaijan more than doubled its watermelon shipments to Russia in the first half of 2026, totalling 7,400 tonnes and generating over $4 million in revenue.
Economy
Oil transit via Baku-Tbilisi-Ceyhan falls 8,5 percent
Oil exports via the Baku–Tbilisi–Ceyhan pipeline fell by 8.5% this year, with 14.7 million tonnes transported through the route.
Turkish company to manage power grids in Uzbekistan
Aksa Elektrik will manage the Samarkand electricity grid in Uzbekistan. This is the first time a foreign company has taken over a power grid in the country.
Azerbaijan's exports to Armenia exceed 17 mln dollars
The value of goods exported from Azerbaijan to Armenia amounted to $17.372 million in January-July 2026.
Oil being secretly shipping through Hormuz - report
Oil-exporting countries are secretly shipping fossil fuels through the Strait of Hormuz, which is one of the factors holding back energy price increases, Bloomberg reported.
Maritime shipping costs surge to record highs due to conflicts
Conflicts and climate change have led to a sharp rise in the cost of maritime and river transportation along key routes, including the Panama Canal, the Rhine, and the Red and Black Seas, the Financial Times reported, citing analysts.
Western business may return to Russia via pragmatic partnerships - Kobyakov
The return of Western businesses to Russia should be based on pragmatic partnerships and the transfer of technologies needed by the country, Russian Presidential Aide and Executive Secretary of the Eastern Economic Forum Organizing Committee Anton Kobyakov said.
Iran-Oman agreement reached on Strait of Hormuz shipping route
Iranian Foreign Ministry spokesman Esmaeil Baghaei said that Iran has reached an agreement with Oman on a shipping route map for the Strait of Hormuz after weeks of technical negotiations.
Iran estimates damage from Hormuz oil spill at trillions of dollars
Iranian Foreign Ministry Spokesman Esmaeil Baghaei said oil pollution might have caused trillions of dollars of damage to the region’s marine ecosystem.
Russian deputy PM orders additional fuel measures
A tight fuel supply situation persists in several Russian regions, with Russia's Deputy Prime Minister Alexander Novak having ordered additional measures to ensure supply and monitor prices, the cabinet of ministers reported.
Six wagons of Russian wheat sent to Armenia via Azerbaijan
The next batch of wheat has been transited from Russia to Armenia through Azerbaijan, the press service of Azerbaijan Railways (ADY) reported.
Central Bank reveals Russias external debt
Russia’s external debt amounted to $313.83 bln as of July 1, 2026, which is 2.1% (or $6.5 bln) higher than at the beginning of the year, according to data from the Russian Central Bank.
Russia's inflation stabilizing - Reshetnikov
Inflation in Russia has stabilized, Russia's Economic Development Minister Maxim Reshetnikov said in an interview with the Vesti news program.
Central Asian countries report power blackouts
Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan all reported blackouts on Friday, which Kazakhstan's energy ministry said had been caused by a "sudden change in the power flow" from the Central Asian grid.
Azerbaijan and Uzbekistan to hold 4th interregional forum in Tashkent
Uzbekistan and Azerbaijan will hold the fourth Interregional Forum on August 22 in Tashkent, bringing together government representatives, investors, and business leaders to expand trade, investment, and regional cooperation between the …
Russia and Azerbaijan increase electricity exchanges
Electricity exports from Azerbaijan to Russia increased in the first half of 2026, according to the Azerbaijani State Statistical Committee.
Armenia plans to boost agricultural exports to Kazakhstan
Gevorg Papoyan and Aidarbek Saparov discussed the potential for increasing agricultural exports to Kazakhstan. Agreements were reached on exchanging experience and technologies.
Daily oil volume transported through Strait of Hormuz revealed
The US Department of Energy has released data on how much oil is currently transported through the Strait of Hormuz each day.
Azerbaijan to modernize railway from Baku to Russian border
The Asian Development Bank has begun preparing designs for the modernisation of Azerbaijan's Bilajari–Yalama railway, with work expected to start in February 2027.
Moscow and Yerevan discuss supply of Armenian agricultural products
Negotiations between Russian and Armenian officials on agricultural exports took place in Kazakhstan.
