Stories related to finance and economics.
An agreement allowing Ukraine to export grain via its Black Sea ports was extended for a further two months, it was announced on Wednesday (17 May).
Ukraine is one of the world's top providers of grain. However Russia blocked its ports in the opening months of its full-scale of invasion of Ukraine in 2022, to leading to global fears of food shortages especially in poorer countries heavily reliant on Ukrainian grain.
The European Commission and the European Investment Bank (EIB) have announced a funding package worth €18bn to boost investments in climate action and sustainable economies, the European External Action Service (EEAS) reports.
In a press release, EEAS say that, "this will boost investment in Global Gateway's priority areas – climate action, clean energy and connectivity – in Europe's partner countries around the world. In particular, these projects will aim to help bridge the global climate finance gap and support prevention, adaptation and mitigation."
The European Union and Kazakhstan have begun talks on how to prevent the re-export of sanctioned good to Russia, said International Special Envoy for the Implementation of EU Sanctions David O’Sullivan at a press conference during his visit to the Kazakh capital of Astana on 24 April.
Trade turnover between China and Central Asian states grew by 31.9% in 2022, Kazakh Deputy Prime Minister and Minister of Trade and Integration Serik Zhumangarin announced on Tuesday (18 April).
Mr Zhumangarin was speaking in an online meeting leading up to the upcoming China+Central Asia (C+C5) Summit in the Chinese city of Xi’an in May.
The online meeting was also attended by the trade and economy ministers of China, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan.