Turkish officials have asked Russia to delay a portion of Ankara’s payments due for natural gas, according to people familiar with the matter, as Turkey seeks to mitigate economic damage from higher energy prices, Bloomberg reports. Turkey’s state-run energy importer Boru Hatlari ile Petrol Tasima AS, or Botas, is seeking to postpone some of…
US Embassy in Baku issued a statement regarding recent brutal murder of Armenian unarmed POWs by the Azerbaijani armed forces. “Recent news about the execution of unarmed Armenian captives by Azerbaijani soldiers deeply concerns the United States. We call for a full and impartial investigation of the matter. Those responsible for any brutality must…
Turkish inflation jumped to a new 24-year high exceeding 83% in September, official data showed today, after the central bank cut interest rates despite surging prices. Turkey’s monetary policymakers are bucking the global trend of central bank raising interest rates to combat inflation, as high borrowing rates cool down the economy and prices. But President…
