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In a bid to further limit Russia’s ability to make money and finance its brutal war efforts in Ukraine, the U.S. and allies on Friday announced new price caps on products like gasoline and fuel oil, TURAN's Washington correspondent reports.
The agreement between the U.S., the G7, the EU and Australia places a price cap on two levels: one applies to Russian "premium-to-crude" petroleum products like diesel, kerosene and gasoline, which will be capped at $100 USD per barrel, and the other on “discount-to-crude” petroleum products like fuel oil, which will be capped at $45 USD per barrel, according to the U.S. Treasury Department.
Speaking to reporters Friday afternoon, senior Biden administration officials shrugged off reports that despite sanctions, the Russian economy is still expected to rebound, saying that it “doesn't function any longer like a normal economy.”
Alex Raufoglu
Washington D.C.
Politics
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On Monday, Azerbaijani Foreign Minister Jeyhun Bayramov, who is currently on a working visit to Belgrade, was received by Serbian President Aleksandar Vučić. According to the Azerbaijani Ministry of Foreign Affairs press service, during the meeting, both sides expressed satisfaction with the "strategic partnership between the two countries" and emphasized the importance of mutual high-level visits.
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On December 23, a meeting of the foreign ministers of Azerbaijan and Serbia took place in Belgrade. During the final press conference, Serbian Foreign Minister Marko Djuric reported that the discussions focused on the development of tourism. "We are strengthening efforts to open direct air routes, as well as economic development and energy," said Djuric. The minister expressed confidence that cooperation between Serbia and Azerbaijan would become even closer and more intensive in the near future.
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On Monday, hearings in the case of activist Bakhtiyar Hajiyev continued at the Baku Court for Serious Crimes. At the beginning of the session, Hajiyev drew attention to the unjustified criminal prosecution of activist Raheel Abbasov, who had previously organized public defense for Hajiyev.
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On December 23, the trial of the head of the YouTube resource "Kanal-11" Teymur Kerimov, accused of extortion by threats, continued in the Baku Court of Grave Crimes.
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