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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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Azerbaijan's Foreign Minister JeyhunBayramov expressed condolences to his Turkish counterpart, HakanFidan, on Monday following a tragic fire at a hotel in Turkey's Kartalkaya mountain ski resort in Bolu province.
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Today, the Sabail District Court considered a motion to transfer young researcher Bakhruz Samedov, who is accused of "high treason," to house arrest.
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On January 22, lawyer Zibeyda Sadigova visited journalist Farid Ismayilov at the Baku Detention Center No. 1, who was arrested on January 17 in connection with the Toplum TV case. Ismayilov had been brought in for questioning back in March 2024 and placed under police supervision.
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On February 3, the trial of public activist Nijat Ibrahim will begin in the Baku Serious Crimes Court. This decision was made on Wednesday at a preparatory hearing by Judge Aygun Gurbanova. According to lawyer Zibeida Sadigova, Ibrahim was taken to court in handcuffs. There were guards sitting next to him throughout the whole process.
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