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Wednesday, 05 October 2022 2:43 AM [ Last Update: Wednesday, 05 October 2022 2:53 AM ]

JCPOA revival efforts

Iran says sustainable commitment of all parties to the 2015 deal will make rapid achievement of an agreement on the revival of the accord possible. The remark was made by Iran's top negotiator to the negotiations held to revive the deal, known as the Joint Comprehensive Plan of Action. Ali Bagheri Kani added that abidance of all parties by their commitments will guarantee that an agreement on reviving the deal will last. The US, under former President Donald Trump, quit the JCPOA in May 2018 and reinstated unilateral sanctions on Iran. Since last year, Iran and the remaining signatories to the JCPOA have held several rounds of talks to revive the deal. Despite notable progress, the US indecisiveness and procrastination caused multiple interruptions in the talks.

Russia-Ukraine war

Ukrainian President Volodymyr Zelensky says his forces are making gains in southern and eastern Ukraine and have retaken dozens of villages from Russia. Zelensky says some of the territory is taken back in the regions of Kherson, Luhansk and Donetsk. Russia has not yet confirmed the new advances by Ukraine. But the latest maps revealed by Moscow showed Russian troops had left many areas in Kherson and northeastern Kharkiv region. The new announcement by Zelensky comes only days after Moscow officially declared incorporation of Kherson into the Russian Federation. Donetsk also joined Russia. People in those regions voted overwhelmingly in referendums to join the Russian Federation. Ukraine and its Western allies, including the EU and the US, have called the referendums "illegal and a sham."

Ukraine economic crisis

The World Bank says Ukraine’s economy is expected to shrink 35-percent this year due to various crises resulting from the ongoing war. In an economic update for Europe and Central Asia, the bank said damage to agriculture and reduced labor supply are major causes for Ukraine’s economic woes. The world body added that reconstruction of Ukraine will require at least 349 billion dollars, or more than 1.5 times the size of its pre-war economy. The World Bank also said the ongoing war dampens prospects of a post-pandemic recovery for emerging and developing economies in the region as well.

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