By Megan Durisin, Áine Quinn and Selcan Hacaoglu (Bloomberg) — The extension of the deal that’s bolstered Ukraine’s crop exports is still clouded by uncertainty, as negotiations continue the day before.
Turkey Will Block Foreign Hydrocarbon Exploration Activities In Its Maritime Jurisdictions gcaptain.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gcaptain.com Daily Mail and Mail on Sunday newspapers.
By Selcan Hacaoglu (Bloomberg)
Turkish President Recep Tayyip Erdogan said the construction of a multi-billion dollar canal, an alternative to Istanbul’s Bosporus strait, will begin at the end of June as the pandemic continues to take its toll on the country’s ailing economy.
Erdogan’s announcement on Saturday came a decade after he first revealed his “crazy project” and at a time when his support has hit an all-time low. The 45-kilometer (28-mile) Canal Istanbul would cost around $15 billion and link the Black Sea with the Sea of Marmara, officials say.
The government says it is meant to ease shipping traffic and the risk of accidents in the Bosporus, which bisects Turkey’s biggest city.