The cost for ships to transit through the Bosphorus and Dardanelles straits increased by 8.3% in Turkey. It will be reviewed once a year, at the end of June. The cost to cross the Turkish straits from the Black Sea to the Mediterranean Sea has increased, Turkey's Ministry of Transport and Infrastructure stated. The charge will rise by 8.3%, from $4.08 to $4.42. According to the 1936 Montreux...

According to the Financial Times, which cites EU officials and diplomats, the European Commission is creating a new plan of financial aid to Ukraine worth "tens of billions of euros" that will last until 2027. It is anticipated that the four-year plan's provisions would be completed by the time of the conference on the reconstruction of Ukraine, which will be held in London on June 21–22. The...

Warsaw is pushing Brussels to penalise Belarus in a similar manner as Russia, told Andrzej Sados, the Polish ambassador to the EU. "Poland raised the issue of Belarus, the need to immediately impose sanctions on Belarus, at today's meeting of the General Affairs Council," he said. "We informed about the government decisions that were taken yesterday concerning the imposition of sanctions on 365...

Republicans in Congress and the White House have come to a provisional deal to raise the US debt ceiling. According to the White House website, US President Joe Biden and speaker of the United States House of Representatives Kevin McCarthy have agreed to lift the debt ceiling. When describing the agreement, Biden said that "not everyone will get what they want" and added that it was a...

According to the press office of the international organization, the Council of the European Union (EU) has extended the halt on all taxes and quotas on exports of commodities from Ukraine. In addition to helping Kiev maintain its economy in the midst of the crisis with Russia, Brussels notes that the step will assist in keeping stable economic relations between the EU and Ukraine. According to...

The U.S. has levied penalties against four North Korean entities and one individual due to their participation in unlawful cyber activities. According to the U.S. Treasury Department, they are viewed as aiding Kim Jong Un's government. The Technical Intelligence Bureau, the 110th Research Center, Chinyong Information Technology Cooperation (also known as Jinryong IT Cooperation Company), and Kim...

According to UN Secretary General António Guterres at the G7 conference, the International Monetary Fund has allotted $650 billion in special drawing rights, of which $34 billion went to Africa and $280 billion went to the G7 nations. "During the pandemic, the IMF distributed $650 billion in special drawing rights, or SDRs, basically printing money out of thin air. G7 nations receiving $280...

The World Meteorological Organization (WMO) predicts that global warming will have surpassed the 1.5°C threshold by 2027. Global temperatures may surpass the Paris Agreement's 1.5°C warming threshold over the course of the next five years and reach historic highs, reports the Wall Street Journal referring to information from scientists at the World Meteorological Organization (WMO), a department...

Nicolas Maduro, the president of Venezuela, declared that his nation intends to de-dollarize its economy. The Venezuelan president declared in his television program Con Maduro+, "We have to get there (in the effort of getting rid of the dollar), this is our path, the way of the new economy of freedom, where currencies are not used to punish countries and impose sanctions." Several Latin...