Economy

Ethiopian Airlines expands domestic network with four new airports across Ethiopia

Ethiopian Airlines will expand with four new airports as it modernizes its fleet and adapts to regional disruptions and higher fuel prices

Russia to prioritize energy trade with neighbors amid instability caused by Iran war

Russia will adjust its energy trade strategy due to the Iran war, prioritizing deliveries to its neighbors, Energy Minister Sergey Tsivilev has said

India Buys Russian Oil at Premium Amid Strait of Hormuz Disruption

Indian refiners have booked around 60 million barrels of Russian oil at $5-15 above Brent price as the Strait of Hormuz disruption tightens Middle East supplies

European countries could face fuel shortages next month, Shell CEO warns

The Iran war could soon disrupt diesel and gasoline supply to the Europe, Shell CEO Wael Sawan has warned

India speeds up gas pipeline plans amid Middle East conflict

India invoked special legislation to fast-track gas pipeline projects and diversify fuel supplies as the Middle East conflict disrupts energy markets

Kenya unlocks China market as zero tariff trade deal boosts exports

Kenya begins zero tariff exports to China under new deal opening access to the markets for local goods

FACTBOX: What is known about EU's position on ban on oil imports from Russia

The EU has revised its plan for a total ban on Russian oil imports in the wake of the US and Israeli military operation against Iran

Russia is among leading foreign trade partners of Kazakhstan

Mikhail Mishustin stressed that Russia shares the priority of Kazakhstan’s presidency in the Eurasian Economic Union

Russia reconsidering energy supply chains

Sergey Tsivilyov said the conflict in the Middle East prompts all sober-minded people to reconsider approaches in the supplies sphere

EC postpones publication of ban on Russian oil imports for EU countries

Initially, April 15 was discussed, but the ban clause has now disappeared from the European Commission's agenda

EU energy crisis of its own making, Russia snub to blame

European Commission President Ursula von der Leyen is still too slow to admit that it is critical in the EU, the special presidential envoy said

US threatening to deprive EU of “favorable” access to gas if it fails to ratify trade deal

The US ambassador to the EU has urged the bloc to ratify a trade deal with Washington or lose “favorable” access to American gas imports