Türkiye to hike transit fee through strategic waterways

The Turkish government has raised the fee for ships passing through the Bosphorus and Dardanelles straits, the newspaper Aydinlik reports, citing a ruling by the General Directorate of Maritime Affairs of the Ministry of Transport and Infrastructure.

The key waterways are the only way to move cargoes between the Black Sea and the Mediterranean.

The fee increase of 8.3% comes into effect on July 1, and is projected to bring Ankara’s annual revenue from the straits to $900 million. Commercial ships will now pay $4.42 per ton.

Under the 1936 Montreux Convention, Türkiye retains the right to charge lighthouse, rescue and medical fees from vessels passing through the Bosphorus and enter

ing and leaving the Dardanelles.

In October, Ankara raised the transit fee through the straits five times, having abolished the currency exchange payment system that was fixed with a 75% discount in 1983.

At the time of signing the Montreux pact in 1936, the entire calculation was made based on the gold franc, which was equivalent to $0.80, whereas in October of last year, the franc’s value rose to $4.08.

Türkiye, in line with the international rights granted to it by the international convention, has increased the franc’s value, which is determined by the income it receives from the straits.

The Montreux Convention regulates maritime traffic through the Turkish straits and guarantees complete freedom of passage for all civilian vessels in times of peace. Ankara has a right to shut the narrow Bosphorus and Dardanelles to foreign warships during a conflict, and to merchant vessels from countries at war with Türkiye.

Source: Russia Today

Under 23 And Female? In Kyrgyzstan, Some Politicians Want To Stop You From Going Abroad

Kyrgyzstan is the only country in Central Asia where the number of female migrant workers exceeds that of men, with a sizeable proportion of the women under the age of 20.

But some politicians in the remittances-dependent nation want to impose restrictions on young, unmarried women traveling abroad alone for work.

The politicians have argued that young women often face exploitation and other hardships as migrant workers.

Last month, conservative lawmaker Nadira Narmatova suggested that women should not be permitted to go abroad for work until at least the age of 23.

Speaking at a discussion focused on women and migration on May 24, Narmatova criticized men, she said, who send their wives and daughters to work abroad while they stay at home.

Another conservative lawmaker, Shailoobek Atazov, told the parliament on May 26 that young women traveling abroad alone should first report to the authorities and explain why and where they intend to go.

Atazov came under fire last year when he suggested that unmarried women under 23 should be prevented from going abroad unless they are accompanied by their parents.

That proposal prompted protests by activists, who said the move would violate women's rights and demanded that Atazov resign.

"When we said we need to take care of the safety of 18-year-old girls, you came to parliament in miniskirts to protest, saying that 'We are 18, we know where to go,'" Atazov, referring to last year's protests, told lawmakers on May 26.

Women Breadwinners

The latest calls echo a controversial proposal made a decade ago by lawmaker Yrgal Kadyralieva, who suggested that women under 23 should not be allowed to leave the country without the permission of their parents.

The travel restrictions proposed by Kadyralieva would only apply to female migrant workers, not women who have received concrete offers to work or study abroad.

Kadyralieva said her proposal is aimed at preventing young Kyrgyz women from becoming the victims of sexual exploitation and human trafficking.

Kyrgyzstan's Foreign Ministry on May 30 responded to Atazov and Narmatova's calls by saying that such travel restrictions on women would violate the country's constitution. The ministry said it was exploring ways to ensure the safety of Kyrgyz migrant workers.

Like in neighboring Tajikistan and Uzbekistan, many households in impoverished Kyrgyzstan depend on remittances sent from the estimated 1.5 million Kyrgyz migrants who work abroad.

Kyrgyzstan's Labor and Migration Minister Kudaibergan Bazarbaev said last year that the number of female Kyrgyz migrant workers has been steadily rising since 2014.

By some estimates, around 14 percent of Kyrgyz women who work abroad are under the age of 20.

Most of the estimated 30,000 Kyrgyz migrant workers in Turkey are women. Many of them work in the hospitality and services sector as well as in private homes, where they are employed as caregivers, maids, and babysitters.

Create Opportunities At Home

Kanykei, a Kyrgyz migrant worker who lives in the Russian city of Surgut, said the calls for "travel bans" on women would not stop people from leaving Kyrgyzstan in search of work.

"We seek jobs abroad because we don't have better [alternatives] at home," said the 28-year-old, who gave only her first name.

Kanykei left her homeland alone at 18 to join her aunt, who had settled in Russia. Kanykei's father had stopped working full-time after he sustained a work-related injury.

Kanykei's first job was cleaning the staircases and corridors at several high-rise apartment blocks. Her income enabled her to send around $150 per month to her parents in Kyrgyzstan. Now she works at a supermarket, stocking shelves with products.

"I don't know what some [politicians] think of young migrant women, but what I see is that the Kyrgyz women working here are decent, hardworking people who just want to help their families," said Kanykei, who is now married to a fellow Kyrgyz migrant.

"I just wanted my parents and younger siblings to be able to buy food. That's why I came to Russia," she said.

Kanykei said many migrants "would perhaps go back home" if there were opportunities in Kyrgyzstan.

Source: Radio Free Europe/ Radio Liberty

Trkiye names new head of defense industry agency

Trkiye has named Haluk Gorgun the new head of the country's Defense Industries Presidency, the Communications Directorate said late Monday.

Gorgun, 50, had been CEO of leading Turkish defense firm Aselsan since April 2018.

Gorgun earned a bachelor's degree in electrical engineering at Trkiye's Yildiz Teknik University and a doctorate from the US-based Rensselaer Polytechnic Institute.

He became a professor in 2013.

Ismail Demir, his predecessor, had headed the presidency since July 2018.

Source: Anadolu Agency

US to host new round of Armenia-Azerbaijan peace talks this month

The US will host representatives from Armenia and Azerbaijan later this month for another round of talks aimed at normalizing relations, the State Department announced Monday.

An exact date was not provided, but spokesperson Vedant Patel said the parties would use the talks to "continue to pursue a peaceful future for the South Caucasus region."

"Direct dialogue is key to resolving issues and reaching a durable and dignified peace," he said.

Peace talks have been ongoing in a number of different venues, including in Washington where negotiations were last held in early May. A follow-up round was held in Europe later last month that included a sit-down between Armenian Prime Minister Nikol Pashinyan and Azerbaijani President Ilham Aliyev.

Patel said the Biden administration is "pleased that talks between Armenia and Azerbaijan are proceeding in different venues."

Earlier Monday, Azerbaijani Foreign Minister Jeyhun Bayramov a peace agreement with neighboring Armenia would be "inevitable" as the two sides continue work to end a decades-long dispute.

Relations between the two former Soviet republics have been tense since 1991, when the Armenian military occupied Nagorno-Karabakh, a territory internationally recognized as part of Azerbaijan, and seven adjacent regions.

In the fall of 2020, Azerbaijan liberated several cities, villages and settlements from Armenian occupation during 44 days of clashes. The Russia-brokered peace agreement is celebrated as a triumph in Azerbaijan.

Despite the ongoing talks on a peace agreement, tensions between the neighboring countries increased in recent months over the Lachin corridor, the only land route giving Armenia access to Karabakh.

Source: Anadolu Agency

Crypto firm Binance, founder sued for US securities law violations

Cryptocurrency trading platform Binance and its founder and CEO Changpeng Zhao were sued for violating a number of US securities laws, the Securities and Exchange Commission (SEC) announced Monday.

The market watchdog filed a total of 13 charges against Binance entities and Zhao, some of which included operating unregistered exchanges, broker-dealers and clearing agencies, misrepresenting trading controls and oversight on the Binance.US platform, and the unregistered offer and sale of securities.

The SEC alleges that while Zhao and Binance publicly claimed that American customers were restricted from transacting on Binance.com, they in reality subverted their own controls to secretly allow high-value US customers to continue trading on the Binance.com platform.

The regulator also said that while Zhao and Binance publicly claimed that Binance.US was created as a separate and independent trading platform for American investors, Zhao and Binance secretly controlled the Binance.US platform's operations behind the scenes.

"Through thirteen charges, we allege that Zhao and Binance entities engaged in an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law," SEC Chair Gary Gensler said in a statement.

"As alleged, Zhao and Binance misled investors about their risk controls and corrupted trading volumes while actively concealing who was operating the platform, the manipulative trading of its affiliated market maker, and even where and with whom investor funds and crypto assets were custodied," he added.

The SEC's complaint, which was filed in the US District Court for the District of Columbia, claims that Binance.com and Binance.US, while controlled by Zhao, earned at least $11.6 billion revenue from transaction fees from American customers since at least July 2017.

The regulator's claims come less than three months after the US' Commodity Futures and Trading Commission argued that Binance "actively solicited" users in the US by "actively cultivating lucrative and commercially important 'VIP' customers, including institutional customers, in the United States."

"Binance has never been registered with the CFTC in any capacity and has disregarded federal laws essential to the integrity and vitality of the U.S. financial markets, including laws that require the implementation of controls designed to prevent and detect money laundering and terrorism financing," it said in a March 27 filing in the US District Court for the Northern District Of Illinois.

Zhao said the company is "all standing by, ensuring systems are stable, including withdrawals, and deposits," and wrote the number "4" on a Twitter post.

Binance's own coin, or blockchain-based native token BNB, ranks fourth in market value among cryptocurrencies, as it plummeted 9.6% to $276.67 as of 2.53 p.m. EDT.

With panic selling among crypto investors, price of Bitcoin was down 5.8% to $25,611 at the time, while total value of the crypto market lost more than 5.5% to $1.09 trillion, according to data from the digital asset price-tracking website CoinMarketCap.

Binance, in a statement, said it has actively cooperated with the SEC's investigations and recently reached a negotiated settlement to resolve investigations.

"While we take the SEC's allegations seriously, they should not be the subject of an SEC enforcement action, let alone on an emergency basis. We intend to defend our platform vigorously," it said.

"Unfortunately, the SEC's refusal to productively engage with us is just another example of the Commission's misguided and conscious refusal to provide much-needed clarity and guidance to the digital asset industry," it added.

The company said the SEC's actions undermine the US' role as a global hub for financial innovation and leadership, and argued "regulation by enforcement is not the best path forward."

Source: Anadolu Agency

Trkiye, Egypt to appoint ambassadors ‘soon,’ says Turkish diplomat

Trkiye and Egypt are set to mutually appoint ambassadors in the near future, according to the top Turkish diplomat serving in Cairo.

'The (countries') two leaders expressed their desire to raise diplomatic relations to the highest level,' said Turkish Embassy Chargé d'Affaires Mutlu Sen, Egyptian daily Al-Masri al-youm reported on Monday.

'(Turkish) President (Recep Tayyip) Erdogan is keen on developing relations with Egypt and at the same time, Turkish institutions are looking forward to cooperation with Egypt,' he added.

Sen said Egyptian President Abdel Fattah El-Sisi's recent congratulations to Erdogan on his reelection presented a "good opportunity" for bilateral relations.

'Cooperation will be active in various fields, especially the economy, trade, industry, technology, development, culture, art, sports, media, and communication,' Sen stated.

Egyptian Industry and Trade Minister Ahmed Samir will also visit Trkiye soon, in addition to a visit by two Turkish delegations to Cairo, he said.

'We expect a significant increase in cooperation between Trkiye and Egypt in the fields of investment and tourism within six months to a year,' he added.

'Trkiye's foreign policy continues within the framework of a vision based on dialogue and cooperation, especially with Arab and Islamic countries,' he explained.

Diplomatic relations between Trkiye and Egypt have been at the level of charges d'affaires since 2013.

*Writing by Ikram Kouachi

Source: Anadolu Agency

Trkiye’s AK Party nominates Istanbul lawmaker Numan Kurtulmus for parliament speaker

Trkiye's Justice and Development Party (AK Party) on Monday nominated Istanbul lawmaker Numan Kurtulmus for the post of parliament speaker.

Kurtulmus was nominated with the joint signatures of AK Party and Nationalist Movement Party (MHP) lawmakers ahead of the election to be held on Wednesday in parliament's General Assembly.

AK Party Group Chairman Abdullah Guler and MHP Group Deputy Chairman Erkan Akcay submitted the application for Kurtulmus's candidacy to Ali Kumbuzoglu, parliament's general secretary.

Nominations for parliament speaker in the legislature's new term opened on Saturday, and applications will continue until Tuesday, midnight.

Source: Anadolu Agency

Turkish Airlines aiming to buy 600 aircraft

To renew and expand its fleet, Turkish Airlines is aiming to buy around 600 more aircraft, the chairman of the flag carrier said Monday.

Turkish Airlines plans to purchase 400 narrow body aircraft and 200 wide body aircraft, as well as 25-30 units of 777x or 350x, Ahmet Bolat said at the International Air Transport Association's (IATA) annual general meeting in Istanbul.

With the latest additions, the airline's fleet size will jump to 813 from the current 435, he said.

Touching on the carrier's financial performance, he said the firm's revenue was up by 42.7% in the first quarter on a yearly basis, and net profit rose by 45%.

"We're going to carry more than 86 million passengers, total revenue (for this year) will be more than $19 billion," he said.

He said the carrier is targeting to become one of the top three airlines in the world.

Turkish Airlines will open routes to Detroit this November and the number of countries where it flies to will reach 130, with Australia adding to its list of destinations soon.

Source: Anadolu Agency

President Erdogan appoints Ibrahim Kalin head of Trkiye’s intel agency MIT

Turkish President Recep Tayyip Erdogan has appointed Ibrahim Kalin head of the National Intelligence Organization (MIT), the Communications Directorate said on Monday.

Before his new appointment, Kalin had served as Trkiye's presidential spokesman since 2014.

Kalin, 51, also served as deputy chairman of the Security and Foreign Policy Council of the Turkish Presidency and chief adviser to Erdogan since 2018.

He is married and has three children.

Following his May 28 election win, Erdogan on Saturday unveiled his new Cabinet after his inauguration in the capital Ankara.

Source: Anadolu Agency