Russia

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Bank of Japan finally ends negative interest rate policy

Japan's central bank on March 19 scrapped its negative interest rate as it finally began unwinding one of the world's most aggressive monetary easing programs.

The maverick policy dating back to 2013 was aimed at jump-starting economic growth and inflation after the country's "lost decades" of stagnant activity and prices in the world's number four economy.

Erdoğan congratulates Putin on reelection win

Turkish President Recep Tayyip Erdoğan congratulated his Russian counterpart, Vladimir Putin, on his reelection victory over the weekend.

According to Türkiye's Communications Directorate, Erdoğan expressed his belief in the call that the positive trajectory of Turkish-Russian relations will continue in the coming days.

Dacic: UNSC session on NATO aggression on FRY scheduled for March 25

BELGRADE - Serbian FM Ivica Dacic confirmed on Monday that Russia, as a UNSC member state, had proposed that the UN top body meet this month to mark the 25th anniversary of the 1999 NATO aggression on the then Federal Republic of Yugoslavia (FRY) and that Japan, which presides over the UNSC this month, had said it would grant such a request.

Bulgaria Denounces Russian Presidential Elections in Occupied Ukrainian Territories

Bulgaria has taken a firm stance against the recent Russian presidential elections held in the illegally occupied territories of Ukraine, including Transnistria, South Ossetia, and Abkhazia. In a statement released on social media, the Bulgarian Ministry of Foreign Affairs expressed strong condemnation of these elections.

Oil Prices Hit 5-Month Highs

In the oil market, the upward trend continues at the beginning of the new week, with prices rising to nearly 5-month highs due to increasing geopolitical risks related to supply disruptions. This surge is driven by a series of Ukrainian drone attacks on Russian refineries, reported by Reuters.  

EU says Russian election took place in highly restricted environment of war

The European Union on Monday said the Russian election has taken place in a highly restricted environment "exacerbated by Russia's illegal war of aggression against Ukraine".

The EU said it regretted the decision of Russian authorities not to invite international observers to its elections.

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