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France Eyes Boosting Economic Ties with Morocco

FILE PHOTO: A general view shows the ancient city of Fez, Morocco October 17, 2021. REUTERS/Shereen Talaat Purchase Licensing Rights
FILE PHOTO: A general view shows the ancient city of Fez, Morocco October 17, 2021. REUTERS/Shereen Talaat Purchase Licensing Rights
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France Eyes Boosting Economic Ties with Morocco

FILE PHOTO: A general view shows the ancient city of Fez, Morocco October 17, 2021. REUTERS/Shereen Talaat Purchase Licensing Rights
FILE PHOTO: A general view shows the ancient city of Fez, Morocco October 17, 2021. REUTERS/Shereen Talaat Purchase Licensing Rights

France is looking forward to stir the stagnant waters of trade with Morocco, an indispensable partner in the Arab Maghreb, after the ties between the two sides were affected by the Western Sahara issue.

French Minister of Foreign Trade Franck Riester affirmed that the time has come to "revive the ties."

This came during a visit to the kingdom on Thursday following an earlier visit by Foreign Minister Stéphane Séjourné.

Morocco is also preparing to host French Minister of Economy Bruno Le Maire and Minister of Agriculture Marc Fesneau soon in April.

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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
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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.