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Mazar factories get dedicated power line in order to operate 24/7

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Da Afghanistan Breshna Sherkat (DABS)officials in Balkh province said Tuesday an electricity substation, carrying power from Uzbekistan, went into operation this week, providing 20Kw of electricity exclusively to factories in the province.

Officials said the substation supplies a dedicated service, 24 hours a day, to manufacturing and industrial companies in Mazar-e-Sharif.

For years, these factory owners have struggled to keep their businesses afloat due to constant power outages. Those days are now over, officials said.

The substation, built at a cost of more than 13 million afghanis, will supply power to about 30 factories and industrial plants.

"With the activation of this power line, at least 25 industrial and production factories that are engaged in various productions will receive electricity from it. These factories … will not have shortages,” said Sardar Mohammad Saqib, the head of DABS in Balkh.

At the same time, the governor of Balkh emphasized the important role of industry in the country amid efforts to stabilize and grow the economy.

"The Islamic Emirate, the elders of the Islamic Emirate are trying to make our country and our people self-sufficient. Our effort is to get our country out of poverty and need,” said Qadratullah Abu Hamzah, the governor of Balkh.

A number of industrialists in Balkh, welcomed this latest move and said constant power would help increase production at these factories.

"I think that the completion of this project will allow the machines to operate twenty-four hours [a day], especially in winter, when our work is seasonal, at that time our workload will double,” said Mobasher Mutawakkel, one factory owner.

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Russia says Afghanistan was its top flour buyer in 2024

Afghanistan imports flour as it does not have enough production capacity to fully meet domestic demand, Reuters reported.

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Afghanistan became the largest importer of Russian flour last year as it doubled purchases, Russia's state agricultural export agency, Agroexport, said late on Friday.

Afghanistan imports flour as it does not have enough production capacity to fully meet domestic demand, Reuters reported.

The increase in imports came as Russia sought to foster ties with Afghanistan's rulers.

Last month, Moscow moved a step closer towards recognising the Islamic Emirate government, with Russia's parliament voting in favour of a law that would make it possible to remove the Islamic Emirate from a list of banned terrorist organisations, read the report.

Agroexport, citing preliminary estimates, said Afghanistan bought Russian flour worth almost $80 million last year, double the 2023 level.

Russia's total wheat and wheat-rye flour exports reached $300 million last year, up 3% year on year in value terms and 7% more by volume, according to the watchdog.

China and Turkmenistan were also in the top three buyers of Russian flour, it said.

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China’s first railway consignment arrives in Afghanistan via Iran

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China's first railway transit consignment to Afghanistan via Iran, carrying 1,000 tons of iron coil, arrived at Roznak station in Herat province, the Ministry of Public Works said on Friday.

The consignment, which started its journey from China, arrived in Afghanistan via Iran's railway network, Public Works Ministry spokesman Mohammad Ashraf Haqshenas said in a statement.

"The transportation of cargo through this route is an important step in the development of Afghanistan's transit links and connection to open waters and represents progress in the field of regional transport and transit," he said.

Haqshenas added that the completion of the Khaf-Herat railway would offer new potentials for Afghanistan's economy and create a good platform for expanding trade and transit in the region.

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Russia is using bitcoin in foreign trade, finance minister says

This year, Russia permitted the use of cryptocurrencies in foreign trade and has taken steps to make it legal to mine cryptocurrencies, including bitcoin.

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Russian companies have begun using bitcoin and other digital currencies in international payments following legislative changes that allowed such use in order to counter Western sanctions, Finance Minister Anton Siluanov said on Wednesday.

Sanctions have complicated Russia's trade with its major partners such as China or Turkey, as local banks are extremely cautious with Russia-related transactions to avoid scrutiny from Western regulators, Reuters reported.

This year, Russia permitted the use of cryptocurrencies in foreign trade and has taken steps to make it legal to mine cryptocurrencies, including bitcoin. Russia is one of the global leaders in bitcoin mining.

"As part of the experimental regime, it is possible to use bitcoins, which we had mined here in Russia (in foreign trade transactions)," Siluanov told Russia 24 television channel.

"Such transactions are already occurring. We believe they should be expanded and developed further. I am confident this will happen next year," he said, adding that international payments in digital currencies represent the future.

Earlier this month, President Vladimir Putin said that the current U.S. administration was undermining the role of the U.S dollar as the reserve currency by using it for political purposes, forcing many countries to turn to alternative assets, Reuters reported.

He singled out bitcoin as an example of such assets, saying that no-one in the world could regulate bitcoin. Putin's remarks indicated that the Russian leader backs the extensive use of cryptocurrencies.

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