In Kazakhstan, the trial on the case of the former head of BTA bank Mukhtar Ablyazov is continuing. He is accused of fraud and theft of more than $ 7.5 billion from the bank.
Friday, June 9, 2017
By Grant Clark and Mohammed Sergie
Saudi Arabia and three of its Arab allies cut diplomatic ties with Qatar on Monday, furious with what they see as the tiny emirate’s tolerant attitude toward Iran and Islamist groups such as the Muslim Brotherhood. The moves by the Saudis, Bahrain, the U.A.E. and Egypt came soon after U.S. President Donald Trump visited the region and joined Saudi Arabia in lambasting Iran for sponsoring terrorism from Syria to Yemen.
By Anna Andrianova and Evgenia Pismennaya
A fiscal mechanism unveiled this year, under which the government absorbs all additional revenue when crude is above $40 a barrel, marks a “change in ideology” from the previous mechanism designed to ensure budget stability, according to Deputy Finance Minister Vladimir Kolychev. Given that the central bank is allowing the market to determine the exchange rate, the new approach sets the task of freeing the ruble from oil as the “main goal,” he said in an interview in Moscow.
Negotiations between regime, rebels in Kazakh capital will aim to establish definitive borders for ‘de-escalation zones’
Latvian Interior Minister Rihards Kozlovskis (Unity) in Tbilisi met with his Georgian counterpart Georgy Mgebrishvili, and signed a declaration on cooperation between both countries.
Qatar’s ruler postponed an address to his country on Tuesday (6 June) over its sudden and damaging diplomatic isolation from other leading Arab nations, in order to allow Kuwait some time and room to mediate, write Tom Finn and Sylvia Westall.
India’s and Pakistan’s joining the Shanghai Cooperation Organization (SCO) will have controversial impact on the organization, Richard Weitz, a senior fellow and director of the Center for Political-Military Analysis at the US-based Hudson Institute, believes.