Sudan Starts 2021 With 500% Increase in Electricity Prices

Sudan's Prime Minister Abdalla Hamdok and German Chancellor Angela Merkel (not pictured) address the media at the Chancellery in Berlin, Germany, on February 14, 2020. REUTERS/Hannibal Hanschke/File Photo
Sudan's Prime Minister Abdalla Hamdok and German Chancellor Angela Merkel (not pictured) address the media at the Chancellery in Berlin, Germany, on February 14, 2020. REUTERS/Hannibal Hanschke/File Photo
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Sudan Starts 2021 With 500% Increase in Electricity Prices

Sudan's Prime Minister Abdalla Hamdok and German Chancellor Angela Merkel (not pictured) address the media at the Chancellery in Berlin, Germany, on February 14, 2020. REUTERS/Hannibal Hanschke/File Photo
Sudan's Prime Minister Abdalla Hamdok and German Chancellor Angela Merkel (not pictured) address the media at the Chancellery in Berlin, Germany, on February 14, 2020. REUTERS/Hannibal Hanschke/File Photo

The Sudanese people have welcomed the new year with increased prices of electricity for the residential and industrial sectors, despite the government’s pledges to maintain the subsidies for electricity in the budget of 2021.

The budget, however, is expected to negatively impact the economic and social conditions.

The increases surpassed the 500 percent for the residential sector, and the price of kilowatt rose from 80 piasters to SGD6.35. As for the industrial sector, the price for one kilowatt rose to SGD10.

On the occasion of the country's Independence Day, Sudanese Prime Minister Abdalla Hamdok pledged to find solutions to the economic crises, signaling major and strategic breakthroughs in the economic file after removing the country from the US State Sponsors of Terrorism list.

During ongoing talks regarding the budget, the parties of Sudan's ruling political coalition asserted that no increases will be imposed on the subsidized services and goods, which include fuels, electricity wheat, medicine, and cooking gas.

The transitional government in Sudan has been imposing strict economic measures, since August 2019, starting from decontrolling fuel prices which aggravated the living condition.

Economist Kamal Karrar commented on this, saying that the increase in electricity bills by such a huge amount represents an additional burden that citizens, especially those with low-income, are obliged to bear.

This will have repercussions on various industrial and productive sectors in the country, Karrar added.



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.