Russian authorities move to lift the terrorist designation for the Taliban

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Russian authorities move to lift the terrorist designation for the Taliban

2025-04-01 00:31 Last Updated At：00:41

MOSCOW (AP) — Russia's Supreme Court on Monday said it received a petition from the prosecutor general's office to lift a ban on Afghanistan's Taliban, who were outlawed two decades ago as a terrorist group.

The court said in a statement it would hold a hearing on the petition, submitted by Prosecutor General Igor Krasnov, on April 17. Russia last year adopted a law stipulating that the official terrorist designation of an organization could be suspended by a court.

The Taliban were put on Russia’s list of terrorist organizations in 2003. Any contact with such groups is punishable under Russian law.

At the same time, Taliban delegations have attended various forums hosted by Moscow. Russian officials have shrugged off questions about the seeming contradiction by emphasizing the need to engage the Taliban to help stabilize Afghanistan, which the group rules.

The former Soviet Union fought a 10-year war in Afghanistan that ended with Moscow withdrawing its troops in 1989. Since then, Moscow has made a diplomatic comeback as a power broker, hosting talks on Afghanistan involving senior representatives of the Taliban and neighboring nations.

There is a deepening divide in the international community on how to deal with the Taliban, who have been in power for three years and face no real opposition. Afghanistan’s rulers have pursued bilateral ties with major regional powers.

In recent years, the Central Asian nations of Kazakhstan and Kyrgyzstan have removed the Taliban from their lists of terror groups.

There are U.N. sanctions on the Taliban.

Mideast stock markets tumble as US tariffs and low oil prices squeeze energy-producing nations

2025-04-07 17:09 Last Updated At：17:20

DUBAI, United Arab Emirates (AP) — Middle East stock markets tumbled Monday as they struggled with the dual hit of the United States' new tariff policy and a sharp decline in oil prices, squeezing energy-producing nations that rely on those sales to power their economies and government spending.

Benchmark Brent crude is down by nearly 15% over the last five days of trading, with a barrel of oil costing just over $63. That’s down nearly 30% from a year ago, when a barrel cost over $90.

That cost per barrel is far lower than the estimated break-even price for Saudi Arabia and most other countries producing energy in the Middle East. That's coupled with the new tariffs, which saw the Gulf Cooperation Council states of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates hit with 10% tariffs. Other Mideast nations face higher tariffs, like Iraq at 39% and Syria at 41%.

“With these measures and the expected retaliatory measures that could be adopted by other countries, the stability and predictability of international trade could be undermined,” the accounting firm PwC said in an advisory to its Mideast clients.

The Dubai Financial Market exchange fell 6% after it opened for the week, with market leader Emaar Properties down 9%. The Abu Dhabi Securities Exchange fell 4%.

Markets that opened Sunday saw losses as well. Saudi Arabia's Tadawul stock exchange fell over 6% in trading then, with further losses of 3% after opening Monday. The giant of the exchange, Saudi Arabia's state-owned oil company Aramco, fell over 5% on its own on Sunday, with more losses Monday, wiping away billions in market capitalization for the world's sixth-most-valuable company.

The drop in Aramco, whose shares also power Crown Prince Mohammed bin Salman's expansive plans to reshape the kingdom's economy, ties directly back to the overall price of oil.

Last week, OPEC+ members Algeria, Iraq, Kazakhstan, Kuwait, Oman, Russia, Saudi Arabia and the UAE agreed to speed up the introduction of more oil into the market. This month marks the first oil production increase by the group since 2022.

“OPEC+ has shifted its market management strategy from a steady incremental increase in output to monthly announced targets, bringing forward higher output levels for May this year,” an analysis published Monday by the state-majority-owned Emirates NBD Bank of Dubai said. “That will leave oil markets grasping with additional volatility as they assess the negative impact on global trade of the tariffs announced by the Trump administration.”

The Qatar Stock Exchange fell over 4% Sunday and a further 2% as trading resumed Monday. Boursa Kuwait fell over 5% on Sunday, with slight losses again Monday.

The Pakistan Stock Exchange fell rapidly Monday, with Islamabad facing 29% tariffs from the U.S. The exchange suspended trading for an hour after a 5% drop in its main KSE-30 index.

"We may face this situation until the uncertainty ends at the global market,” said Mohammed Sohail, the chief executive at Topline Securities.

Pakistan’s Finance Minister Muhammad Aurangzeb said over the weekend that Islamabad will send a delegation to the United States soon to negotiate. The U.S. imports around $5 billion worth of textiles and other products from Pakistan, which heavily relies on loans from the International Monetary Fund and others.

Associated Press writer Munir Ahmed in Islamabad contributed to this report.