Business
Russian gas delivery to Europe via Ukraine drops 25 percent
Russian gas supplies to Europe through the Ukrainian territory plummeted by nearly 25 percent in just one day, to a total of 72 million cubic meters on Wednesday, Russian energy giant Gazprom said.
Ukraine has left only one entry point for gas transit to Europe, which has significantly reduced the reliability of gas supplies, Gazprom spokesman Sergei Kupriyanov said.
The Gas Transmission System Operator of Ukraine (GTSOU) announced on Tuesday that it would close the Sokhranivka entry point on the eastern border on Wednesday due to “force majeure” — or unexpected circumstances such as war. Gazprom said it was notified of the Ukrainian decision on Tuesday.
The transmission volume via the Sokhranivka entry point is around 32.6 million cubic meters of gas a day, or a third of the Russian gas which is piped to Europe through Ukraine, GTSOU said.
Gazprom said it was still shipping gas to Europe via Ukraine, but volumes were seen at 72 million cubic meters on Wednesday, down from 95.8 million cubic meters on Tuesday.
Russia remains committed to contractual obligations, Kremlin spokesman Dmitry Peskov told reporters on Wednesday when asked about whether Russia will seek alternative gas transmission routes to Europe.
A German gas operator said volumes of gas entering the German pipeline system via Ukraine had dropped by nearly 25 percent compared with Tuesday as a result of the reduction in gas transit. But it said the decline had been offset by increased inflows of gas from Norway and The Netherlands.
Germany’s Federal Ministry for Economic Cooperation and Development said their natural gas supply security can still be guaranteed at present, and that they will pay close attention to the situation.
Business
‘Made in Afghanistan’ expo opens in Tashkent
The Afghanistan Chamber of Commerce and Investment has announced that a major exhibition of Afghan products titled “Made in Afghanistan” is opening today (Wednesday) in Uzbekistan’s capital Tashkent.
According to the chamber, the expo—supported financially by the United Nations Development Programme—will run until Friday and aims to showcase Afghanistan’s production and export potential.
More than 60 booths have been set up by Afghan traders, featuring a wide range of products including carpets, dried and fresh fruits, saffron, pine nuts, cotton, precious and semi-precious stones, as well as beverages.
Officials from the chamber expressed hope that the expo will help expand trade relations between Afghanistan and countries in the region, particularly Uzbekistan.
Business
Afghani strengthens nearly 10% against US dollar amid banking sector reforms
The bank said it has expanded oversight of financial institutions and private lenders, improving transparency and promoting more consistent standards across the sector.
Afghanistan’s central bank, Da Afghanistan Bank, says the national currency has appreciated by 9.93% against the US dollar during the year 1404, citing steady progress in the country’s financial and banking systems.
Officials attributed the gains to cautious monetary policies that have helped stabilise the Afghani against major global currencies while also boosting its value against the dollar.
The bank said it has expanded oversight of financial institutions and private lenders, improving transparency and promoting more consistent standards across the sector.
As part of efforts to better manage liquidity, authorities also collected and destroyed worn-out banknotes in circulation. At the same time, officials reported growth in electronic banking, with digital payment usage rising in recent months.
Central bank spokesperson Haseebullah Noori said initiatives are underway to broaden access to banking services nationwide, including the wider rollout of Islamic banking options.
Analysts welcomed the stabilisation efforts but stressed the need to address ongoing challenges facing domestic banks, including the impact of international financial sanctions on Afghanistan.
They added that expanding Islamic banking could help draw more savings into the formal financial system, noting that a significant share of personal wealth remains outside banks. Bringing those funds into the sector, they said, could inject billions of Afghanis into the economy and further support financial stability.
Business
Uzbekistan delivers over 290 tons of aid to Afghanistan
The assistance, provided ahead of Eid al-Fitr, is intended to support vulnerable communities while reinforcing ties between the neighboring countries.
Uzbekistan has delivered more than 290 tons of humanitarian aid to Afghanistan, according to the country’s Ministry of Foreign Affairs.
The assistance, provided ahead of Eid al-Fitr, is intended to support vulnerable communities while reinforcing ties between the neighboring countries.
The shipment includes essential food supplies such as flour, rice, wheat, vegetable oil, instant meals, pasta, and confectionery. An official handover ceremony was held in the border town of Hairatan.
Local officials, including Balkh province representatives and authorities from Hairatan, expressed appreciation for the continued support, acknowledging Uzbekistan’s efforts to assist the Afghan people.
Among those present at the ceremony were Uzbekistan’s Ambassador to Afghanistan, Oybek Usmanov, and Surkhandarya regional governor Ulugbek Kosimov.
The aid delivery underscores Uzbekistan’s ongoing humanitarian engagement and its broader efforts to promote regional cooperation and stability.
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