Subject to approval from the government of Azerbaijan, the deal, with an effective date of 1 July 2021, is expected to complete in the fourth quarter of 2021.

Prospects for cooperation and implementation of projects had been discussed during the Kazakhstan-Saudi Arabia Investment in Nur-Sultan, where more than 30 companies from Saudi Arabia met officials and business representatives from Central Asian country.

President Volodymyr Zelensky has made a drive against the magnates a focal point of his administration, particularly in view of the U.S. criticism that they were influencing the day-to-day operations of the government.

Little common ground has been found on the main issues separating the two ex-Soviet states – principally the restoration of blocked transit routes, now the focal point of attempts to move on from the hostilities.

Gross domestic product (GDP) grew by 3 percent year-on-year in January-August. In nominal terms, the GDP reached 110.9 billion rubles ($44.5 billion).

The loan will allow Georgia to purchase 700,000 doses of the coronavirus vaccines, enough to inoculate around 300,000 people in the country of 3.7 million.