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IEA reaches agreement on purchase of oil and gas with Russia

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(Last Updated On: August 27, 2022)

The Ministry of Commerce and Industry says that Kabul and Moscow have reached an agreement on the purchase of oil and gas and this agreement will be signed soon.

Nooruddin Azizi, acting Minister of Commerce and Industry, said Saturday that many banks in Afghanistan and Russia are under embargo and money will be transferred through a third country.

“Alhamdulillah, we had very important and useful discussions with the Russian side. We will expand these discussions and expand economic relations, and we will reach an official agreement on the purchase of oil and wheat,” said Azizi.

According to Azizi, a special center for Afghan exports to Russia will be established to send Afghan goods to Russian markets.

In the meantime, Afghanistan Chamber of Commerce and Investment (ACCI) believes that Russian goods, especially wheat and oil, are cheaper than other countries.

Economic experts have said that the development of Afghanistan’s economic and trade relations with Russia can have a positive effect on Afghanistan’s markets and economic system.

However, the citizens of the country said that the Islamic Emirate should control the price of oil in the country’s markets by any means possible.

Based on the statements of the ACCI, currently the trade between Afghanistan and Russia totals $200 million and Kabul imports most of the food and fuel from Central Asian countries.

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IEA urges World Bank to resume work on 7,000 incomplete projects

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(Last Updated On: April 19, 2024)

Officials at the Ministry of Rural Rehabilitation and Development (MRRD) say 7,000 incomplete projects of the World Bank are at risk of destruction in Afghanistan. They call on the World Bank to resume the work of these projects.

According to them, discussions have been held with the World Bank about these projects, but there has been no result yet.

“7,000 incomplete projects are being destroyed, and if the work is not started, these projects will be destroyed. We ask the World Bank to resume the work of these projects as soon as possible,” said Noorul Hadi Adel, the spokesperson of MRRD.

Meanwhile, members of the private sector also ask international institutions to resume their work in Afghanistan.

According to the officials of this sector, with the start of these projects, job opportunities will be provided for thousands of people in the country.

“These projects create employment for our people and the country will grow a lot,” said Mirwais Hajizadeh, a member of the private sector.

However, economic experts stated if the work of these projects does not start soon, they will be destroyed and the investments made in them will be wasted.

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Ten people killed by floods in Helmand

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(Last Updated On: April 19, 2024)

Ten people have been killed and six others injured by floods in Helmand province in the past week, local officials said on Friday.

According to officials, seven of those were members of the same family, and they were killed in Kajaki district last night.

“Most of the people moved from vulnerable areas to high lands and mountains, and thanks Allah the number of casualties is low,” Sher Mohammad Vahdat, the head of information of the Directorate of Information and Culture in Helmand, said adding rescue teams and security forces have been dispatched to help people.

It is said that the telecommunication system has also been disrupted due to the effect of floods in Kajaki district. Floods have also destroyed thousands of acres of agricultural land.

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UN envoy meets Indian foreign minister to discuss Afghanistan

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(Last Updated On: April 19, 2024)

Roza Otunbayeva, the UN Secretary General’s Special Representative for Afghanistan, met with the Indian Foreign Minister Subrahmanyam Jaishankar in New Delhi and discussed issues related to Afghanistan, it was announced on Thursday.

During the meeting, Otunbayeva thanked India for “its critical humanitarian support and longstanding friendship for the Afghan people” and discussed the importance of regional and international cooperation to address prevailing challenges in Afghanistan, UNAMA said on X.

Jaishankar also said on X that the sides exchanged views on the current situation in Afghanistan.

“Underlined that India has provided wheat, medicines, pesticides and school supplies. Appreciate the role of UN agencies as partners in these endeavors,” he said.

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