Saudi Arabia, Barbados Sign Agreement on Air Transportation Services

Saudi Minister of Transport and Logistic Services Saleh bin Nasser Al-Jasser signed the agreement with Barbados Minister of Foreign Affairs and Foreign Trade and Senior Minister Coordinating the Productive Sector, Kerrie Symmonds.
Saudi Minister of Transport and Logistic Services Saleh bin Nasser Al-Jasser signed the agreement with Barbados Minister of Foreign Affairs and Foreign Trade and Senior Minister Coordinating the Productive Sector, Kerrie Symmonds.
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Saudi Arabia, Barbados Sign Agreement on Air Transportation Services

Saudi Minister of Transport and Logistic Services Saleh bin Nasser Al-Jasser signed the agreement with Barbados Minister of Foreign Affairs and Foreign Trade and Senior Minister Coordinating the Productive Sector, Kerrie Symmonds.
Saudi Minister of Transport and Logistic Services Saleh bin Nasser Al-Jasser signed the agreement with Barbados Minister of Foreign Affairs and Foreign Trade and Senior Minister Coordinating the Productive Sector, Kerrie Symmonds.

The governments of Saudi Arabia and Barbados have signed an air transportation agreement aiming to set regulatory frameworks for safe air travel, SPA reported on Friday.
Minister of Transport and Logistic Services Saleh bin Nasser Al-Jasser signed the agreement with the government of Barbados, represented by Minister of Foreign Affairs and Foreign Trade and Senior Minister Coordinating the Productive Sector, Kerrie Symmonds.
The agreement complements the 1944 Convention on International Civil Aviation, also known as the Chicago Convention, which regulates international civil aviation based on the principles of fair and equal opportunities.
The deal keeps pace with the developments in regulation between Saudi Arabia and Barbados, including the regulation of granting air transport rights and implementing standards for designation and licensing of internationally operating airlines.
It also aims to promote aviation safety and civil aviation security between the two sides, promote fair competition rules, and serve the joint economic interests of national carriers.
It further strengthens the national carriers’ active and continuous participation in serving the air transport market between Saudi Arabia and Barbados by applying modern market access patterns and encompassing all forms of air transport.
The agreement is part of the objectives of the civil aviation strategy, aimed at building international partnerships and signing new bilateral agreements that support its ambitious goals.
The strategy also aims to enhance the Kingdom's air connectivity to 250 destinations worldwide, making it a global logistics hub, and to transport 330 million passengers annually by 2030.



Türkiye Receives Waiver for Gas Payments to Russia from Gazprombank Sanctions

A view shows a board with the logo of Gazprombank at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 5, 2024. REUTERS/Anton Vaganov/File Photo
A view shows a board with the logo of Gazprombank at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 5, 2024. REUTERS/Anton Vaganov/File Photo
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Türkiye Receives Waiver for Gas Payments to Russia from Gazprombank Sanctions

A view shows a board with the logo of Gazprombank at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 5, 2024. REUTERS/Anton Vaganov/File Photo
A view shows a board with the logo of Gazprombank at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 5, 2024. REUTERS/Anton Vaganov/File Photo

Türkiye has received an exemption for gas payments to Russia after the United States imposed sanctions on Gazprombank, Turkish Energy Minister Alparslan Bayraktar revealed in response to a question from Reuters.

The US imposed new sanctions on Russia's Gazprombank in November, creating an obstacle for buyers of Russian gas, which had been using the bank to make payments. They have since been seeking clarification and exploring other ways to pay.

Türkiye imports almost all its gas requirement and Russia is the top supplier, providing more than 50% of the country's pipeline imports.

Ankara's pipeline gas imports from Russia stood at 21.1 bcm last year.

Türkiye had requested an exemption in discussions with US officials so that it can continue paying for Russian natural gas imports via Gazprombank.

The US on Thursday also granted a waiver to Hungary, which mainly relies on Russian oil and gas.