عربي English Türkçe اردو فارسى
Logo
Latest News
Business

Saudi Economy Minister, UNDP Administrator Discuss Enhancing Partnership

The Saudi Minister of Economy and Planning has met with the United Nations Development Program (UNDP) Administrator in Hamburg. SPA
The Saudi Minister of Economy and Planning has met with the United Nations Development Program (UNDP) Administrator in Hamburg. SPA
TT
TT

Saudi Economy Minister, UNDP Administrator Discuss Enhancing Partnership

The Saudi Minister of Economy and Planning has met with the United Nations Development Program (UNDP) Administrator in Hamburg. SPA
The Saudi Minister of Economy and Planning has met with the United Nations Development Program (UNDP) Administrator in Hamburg. SPA

Saudi Minister of Economy and Planning Faisal Alibrahim has met with United Nations Development Program (UNDP) Administrator Achim Steiner on the sidelines of the Hamburg Sustainability Conference 2024 in Germany.

During the meeting, the two sides discussed strengthening the partnership between the Kingdom and the UNDP. They also reviewed progress made toward achieving sustainability goals both in Saudi Arabia and globally.

Most Viewed

 
 
Business

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
TT
TT

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.