China & 3 EU nations still helping finance Putin’s Ukraine war. Finnish study explains how – ThePrint

While Russia has become India’s “second-biggest” oil source since the start of the war in Ukraine, following its $25 per barrel discount to India and supply chain disruptions since the war, data collected by the Finnish think tank, the Centre for Research on Energy and Clean Air (CREA), also shows that India has been Russia’s eighth largest importer of fossil fuels, at 3.4 billion euros worth of imports since the beginning of the war.

Meanwhile, China and Germany rank as Russia’s primary importers of fossil fuels, at 12.6 billion and 12.1 billion euros, respectively, according to the CREA data. Italy and Netherlands come next, with 7.8 billion euros worth of imports each, with Turkey not too far behind at 6.7 billion. As a whole, 61 per cent of Russia’s fossil fuel exports between 24 February and 3 June went to the European Union, the CREA report added.

China & 3 EU nations still helping finance Putin’s Ukraine war. Finnish study explains how – ThePrint Read More »

Dendias Talks about Maritime Border’s Issue with Albania – Albanian Daily News

In an interview for the newspaper “Naftemporiki” on Saturday, where the main place was occupied by Greek-Turkish rhetoric and tensions, Greek Foreign Minister Nikos Dendias also referred to relations with Albania.

Asked if after the election of the new Albanian president, there could be rapid developments regarding the signing of the joint agreement for the establishment of the EEA with Albania in the Hague tribunal, he answered: “As it is known, there is already a political agreement between Greece and Albania on the referral of the EEA border issue between the two countries to the International Court of Justice in The Hague, which was reached during my visit to Tirana in October 2020.”

Dendias Talks about Maritime Border’s Issue with Albania – Albanian Daily News Read More »

Greece, Japan, and Maritime Disputes – The Diplomat

The timing of the event was not random. Greece’s relationship with Turkey is deteriorating and tensions are escalating dangerously due to their maritime disputes in the Aegean Sea and the eastern Mediterranean Sea. The dispute is complicated, and perceptions from each side are different. According to Turkey, for instance, everything starts back in 1923 and the Treaty of Lausanne, the main treaty between the two countries concerning the border delimitation and demarcation, including of the Aegean Sea. But the main issue in the last decades is the potential undersea resources of the maritime area and control of the waters and seabed.

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Turkey on the verge of total bankruptcy – ex-economy minister Babacan | Ahval

“What is default for Turkey, what is bankruptcy? It means that the Republic of Turkey cannot pay for the natural gas and oil it imports. Bankruptcy means that basic needs such as gas and diesel cannot be met even with money. You have money, you can’t get more than half a gas tank, or you wait in a queue for 3 hours. That is bankruptcy,” Babacan said.

“Bankruptcy means widespread and long-lasting power cuts throughout the country. Imagine that electricity is out for six hours, 10 hours per day. That’s the danger. They don’t know. Bankruptcy means total economic and financial collapse. Bankruptcy means chaos.”

Turkey on the verge of total bankruptcy – ex-economy minister Babacan | Ahval Read More »

Cyprus has gas for Europe. A decades-old conflict is keeping it untouched. – POLITICO

In Europe’s frantic search to end its dependence on Russian energy, there’s an untapped resource: The waters around Cyprus.

Yet a decades-old conflict between Turkey, Cyprus and Greece — rooted in Turkey’s 1974 invasion of Cyprus — is stymying efforts to explore and extract any natural gas lying beneath the Mediterranean Sea.

Turkey wants a say in how any profits are made off the island’s riches, ensuring the benefits flow to the Turkish Cypriot community. Ankara also wants any gas in the region to run across its territory en route to Europe. Athens, meanwhile, supports plans to move gas via Cyprus and Greece.

Cyprus has gas for Europe. A decades-old conflict is keeping it untouched. – POLITICO Read More »

Turkey becomes magnet for Russians and Ukrainians alike – Nikkei Asia

It is just one sign of how Turkey’s strategy of positioning itself as something of a neutral zone is paying off. The country is attracting workers, money and business from both sides of the conflict — though not everyone is benefiting.

On the one hand, Turkey has supported Ukraine since the beginning of the conflict. Before the invasion, it sold armed drones to the country that have been used to inflict heavy damage on Russian forces. Shortly after the war started, it closed the Turkish Straits — the entry points to the strategically important Black Sea — to all navies and barred Russian military aircraft from its skies, effectively limiting Russia’s reinforcement options. All three countries have a border along the sea.

Turkey becomes magnet for Russians and Ukrainians alike – Nikkei Asia Read More »

Kyriakos Mitsotakis’ interview with Reuters news agency | Prime Minister Hellenic Republic

“Greece will not tolerate aggressive behavior, revisionist rhetoric and actions which amount to violations of Greek sovereign rights and Greek sovereignty. I think it is up to Turkey to change its behavior. We’ve never been the ones pushing the boundary in terms of aggressiveness, but we are very confident that we have the ability to defend ourselves should the need arise. And we’re also very confident that we have allies that support us: the European Union, the United States.

I see no reason why Turkey should complain every time we argue that we are right, when we make the case that our differences need to be resolved based on International Law and that we simply cannot accept preposterous allegations pertaining to the sovereignty of Greek islands. Turkey should not be surprised when our allies, also within NATO, state the obvious: that we are right when it comes to this issue and that there’s no other way to look at it except for what we’re saying”.

Kyriakos Mitsotakis’ interview with Reuters news agency | Prime Minister Hellenic Republic Read More »