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
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
Following talks of the International Syria Support Group (ISSG) in Munich on Thursday, the participants committed themselves to implementing a nationwide cessation of hostilities in Syria.
The implementation of the ceasefire is set to begin in a week, with the cessation not applying to the fight against jihadist groups such as Islamic State (IS) and the al-Nusra Front.
Ministers from ISSG also agreed to accelerate and expand humanitarian aid.
The news comes as the Syrian government forces supported by Russian airstrikes are advancing in the region of Aleppo, which threatens to encircle tens of thousands of civilians in rebel-held parts of the city.
Both Russian Foreign Minister Sergey Lavrov and US State Secretary John Kerry admitted on several occasions that this was only progress on paper.
Kerry identified the plan as “ambitious”, saying that action was needed on ground, with the real test being whether the parties will fulfill their commitments.
He noted that Russian airstrikes are targeting what the West treats as moderate opposition rather than terrorists as Moscow claims.
British Foreign Secretary Philip Hammond added that the ceasefire would only work if Russia halts its raids, which Lavrov said would continue.
Russia and the US will chair a task force which will work towards implementing the truce through consultations with the belligerents
The delivery of humanitarian aid to besieged Syrian communities is due to begin as early as on Friday.
An earlier proposal submitted by Russia foresaw a truce beginning on March 1.
The participants in ISSG also agreed that UN-mediated peace talks involving both representatives of the government and opposition should resume as soon as possible
The intra-Syrian peace talks were suspended only days after their official start earlier this month in Geneva.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In February 2024, the euro area witnessed a decline in its annual inflation rate, dropping to 2.6% from January's 2.8%
Amid the ongoing war between Russia and Ukraine, the Kremlin has put forward the idea of establishing a "buffer zone" on Ukrainian-controlled territory, a move aimed at safeguarding Russian regions from potential attacks
Cerstin Gammelin, spokeswoman for the German president, conveyed that Frank-Walter Steinmeier will abstain from extending congratulations to Russian President Vladimir Putin for his victory in the perceived fraudulent elections
Spanish newspaper El Pais has reported that NATO servicemen are already stationed in Ukraine, overseeing weapon deliveries, conducting intelligence operations, and providing training to the Ukrainian military
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
In a resolute stance against the recent Russian presidential elections held in the occupied Ukrainian regions, the European Union has officially declared its non-recognition of the process
Norwegian Inspiration: Bulgaria's Move Towards Environmentally Friendly Prisons
Nexo Is Suing Bulgaria For Over $3 Billion