The move won't help Pakistan's sometimes rocky relationship with the US, but Pakistan's prime minister Shahbaz Sharif has bigger problems closer to home - an unprecedented economic crisis following flooding last year that killed more than 1,700 people and caused an estimated US$30bn (£24bn) in damage.Īt the same time, talks with the International Monetary Fund for the resumption of a $6bn (£4.8bn) bailout package have been on hold since December. No details were given about the size of the shipment, its cost, or how it would be paid for.
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Pakistan's deputy oil minister, Musadiq Malik, told Geo News TV today: "If we start getting one-third of our crude oil from Russia, there will be a big difference in prices and its effect will reach people's pockets." When the war began, many Western countries put sanctions on Russian oil exports, so Russia re-directed much of its supply to India, China and other Asian countries at discounted prices. Pakistan had been talking with Russia about importing discounted crude since February 2022, the month Russia invaded Ukraine. It wants to be able to resume exports of ammonia through a pipeline to Ukraine's port of Pivdennyi and to have the Russian Agricultural Bank reconnected to the SWIFT international payment system - it was axed from the system early in the war as part of sanctions.Īnother commodity that has been brought into the spotlight by the war in Ukraine is oil.Īnd we've just seen reports that the Pakistani government has received its first shipment of discounted crude oil from Russia under a deal between Islamabad and Moscow. It is especially vital to many developing countries, which depend on Ukraine's massive contribution to world grain stocks.Ī three-year memorandum of understanding was signed regarding the deal to convince Russia to be part of it but Russia now says it is unhappy with how the memorandum is being implemented. The deal enables the shipment of millions of tonnes of Ukrainian grain through the blockaded ports. Initiative and at the same time that we are able to go on in our Sure that it will be possible to maintain the Black Sea He said: "I am concerned and we are working hard in order to make It provides outstanding, addictive gameplay and wonderful 3D graphics.United National Secretary-General Antonio Guterres says he is concerned that Russia will next month pull out of a deal allowing the safe export of grain and fertilisers from three Ukrainian Black Sea ports. If you are a fan of Geometry Dash and enthralling arcade games, you should pay attention to this application.
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