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The eighth Take Off Istanbul Startup Summit has begun, bringing together around 500 startups and 250 investors from over 40 countries. The event features international pavilions, investor meetings, and training sessions.During a contentious Knesset session, Israeli Prime Minister Benjamin Netanyahu stated his government allocated over 2 billion shekels ($620M) to the Foreign Ministry to combat what he termed propaganda about genocide. He defended Israel's international standing and mentioned ongoing dialogue with Russia.Foreign Minister Hakan Fidan congratulated the Syrian people on the first anniversary of their Liberation Day, honoring their 14-year struggle against tyranny. He stated Türkiye is proud to have stood with them and will continue to support Syria's reconstruction. Fidan also praised the Syrian government's rebuilding efforts.In an official statement, Türkiye extended heartfelt congratulations to the Syrian people on the first anniversary of the end of the civil war and the fall of the Bashar al-Assad regime. The Foreign Ministry praised Syria's post-conflict foreign policy and pledged continued support for the nation's security, stability, and prosperity.In an official statement, Türkiye extended heartfelt congratulations to the Syrian people on the first anniversary of the end of the civil war and the fall of the Bashar al-Assad regime. The Foreign Ministry praised Syria's post-conflict foreign policy and pledged continued support for the nation's security, stability, and prosperity.

The eighth Take Off Istanbul Startup Summit has begun, bringing together around 500 startups and 250 investors from over 40 countries. The event features international pavilions, investor meetings, and training sessions.During a contentious Knesset session, Israeli Prime Minister Benjamin Netanyahu stated his government allocated over 2 billion shekels ($620M) to the Foreign Ministry to combat what he termed propaganda about genocide. He defended Israel's international standing and mentioned ongoing dialogue with Russia.Foreign Minister Hakan Fidan congratulated the Syrian people on the first anniversary of their Liberation Day, honoring their 14-year struggle against tyranny. He stated Türkiye is proud to have stood with them and will continue to support Syria's reconstruction. Fidan also praised the Syrian government's rebuilding efforts.In an official statement, Türkiye extended heartfelt congratulations to the Syrian people on the first anniversary of the end of the civil war and the fall of the Bashar al-Assad regime. The Foreign Ministry praised Syria's post-conflict foreign policy and pledged continued support for the nation's security, stability, and prosperity.In an official statement, Türkiye extended heartfelt congratulations to the Syrian people on the first anniversary of the end of the civil war and the fall of the Bashar al-Assad regime. The Foreign Ministry praised Syria's post-conflict foreign policy and pledged continued support for the nation's security, stability, and prosperity.

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Russia ranks 3rd in G20 for affordable household electricity prices

10:43, 07/12/2025, Sunday

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Russia ranks 3rd in G20 for affordable household electricity prices

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An analysis of G20 nations shows Russia holds the third position for the most affordable household electricity, trailing only Saudi Arabia and Türkiye. The ranking, based on Eurostat and Rosstat data, highlights a significant cost disparity between major energy producers and European economies, which face the highest prices.

Russia has secured a place among the top three G20 countries with the lowest household electricity costs, according to a recent analysis of international price data. The study, conducted by Russia's RIA Novosti agency using figures from Eurostat and the Russian Statistical Agency (Rosstat), places Russia behind Saudi Arabia and Türkiye in terms of affordability for consumers.

The G20 Affordability Ranking

The data indicates Saudi Arabia offers the cheapest electricity at approximately $0.05 per kilowatt-hour, followed by Türkiye at $0.066. Russia ranks third with an average price of 5.26 rubles, equivalent to $0.068. Other nations with notably low household electricity rates include India ($0.073) and China ($0.075), rounding out the top five. The list of the ten most affordable also features Argentina, Indonesia, Mexico, Canada, and South Korea.

European Nations Bear Highest Costs

In stark contrast, several European G20 members face the most expensive electricity prices. Germany tops this list at $0.40 per kilowatt-hour, with Italy ($0.37) and Britain ($0.35) also facing high costs. France and Australia similarly ranked among the top five most expensive nations for household power, highlighting a clear geographical divide in energy affordability within the G20.

Russian Commentary on Sanctions Impact

In a related statement, the Russian Foreign Ministry linked high European energy costs to sanctions policy, claiming European economies have lost up to €1.6 trillion between 2022 and 2025 due to restrictions on Russian energy imports. The ministry argued that boycotting affordable Russian resources has driven up prices, while asserting that Russia's economy has demonstrated resilience against these restrictive measures.

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Titles :Electricity G20 Russia Prices Eurostat

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