Category: Russia-Ukraine War

Gazprom Piping Gas to Europe via Ukraine After Nord Stream Stoppage

September 3, 2022
Business & MarketsenergyEuropeGasGazpromGold and CommoditiesMarketsNordstreamRussiaRussia-Ukraine WarStoppageUkraineWorld
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Russia’s Gazprom said it would ship 42.7 million cubic meters (mcm) of natural gas to Europe through Ukraine on Saturday, hours after it announced that flows through the Nord Stream 1 pipeline to Germany would not resume as planned. Flows via the Sudzha entry point were up slightly compared to the 41.3 mcm Gazprom sent…

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Ukraine, Russia Trade Blame Over Nuclear Plant as UN Experts Investigate

September 2, 2022
EuropeInternationalRussiaRussia-Ukraine WarUkraineWorldZaporizhzhia nuclear power plant
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ZAPORIZHZHIA, Ukraine—Ukraine and Russia traded accusations over each others’ actions around the Zaporizhzhia nuclear power plant on Friday as a team of inspectors from the UN nuclear watchdog tried to check the safety of the facility and avert a potential disaster. Ukraine’s state nuclear company said the International Atomic Energy Agency (IAEA) mission had not…

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Rising Energy Prices Could Fuel Social Unrest Across Europe This Winter

September 2, 2022
Business & Marketseconomic policieseconomyenergyEuropeGold and CommoditiesinflationInternationalMarketsRussiaRussia-Ukraine WarunrestWorld
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LONDON—Europe’s wealthiest nations face rising risks of civil unrest over the winter, including street protests and demonstrations, due to high energy prices and mounting costs of living, according to a risk consultancy firm. Both Germany and Norway are some of the developed economies experiencing disruptions to everyday life because of labor actions, a trend already…

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Russian Banks Lost $25 Billion in First Half, Central Bank Tells RBC

September 2, 2022
banksBusiness & MarketscrisiseconomyEuropeInternationalMarketsRussiaRussia-Ukraine WarUkraineWorld
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Russia’s banks lost a combined 1.5 trillion rubles ($24.95 billion) in the first six months of 2022, a top official at Russia’s central bank said on Friday in an interview with the RBC business daily. It is the first time the regulator has disclosed banking sector earnings since Russia sent troops into Ukraine in February….

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World Food Price Index Falls for 5th Month in August

September 2, 2022
AugustBusiness & MarketseconomyEuropeFAOFoodglobalGold and CommoditiesinflationInternationalMarketsRussia-Ukraine WarWorld
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PARIS—The United Nations food agency’s world price index fell for a fifth month in a row in August, further from all-time highs hit earlier this year, as a resumption of grain exports from Ukrainian ports contributed to improved supply prospects. The Food and Agriculture Organization (FAO) said on Friday that its price index, which tracks…

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UN Inspectors Arrive at Ukraine Nuclear Plant Amid Fighting

September 1, 2022
EuropeinspectorsInternationalnuclear power plantRussia-Ukraine WarWorldZaporizhzhia
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ZAPORIZHZHIA, Ukraine—A U.N. inspection team entered Ukraine’s Zaporizhzhia nuclear power plant Thursday on a mission to safeguard it against catastrophe, reaching the site amid fighting between Russian and Ukrainian forces that prompted the shutdown of one reactor and underscored the urgency of the task. The 14-member delegation from the International Atomic Energy Agency (IAEA) arrived…

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German Who Laughed at Trump at UN Won’t Comment on President’s Warning Coming True

September 1, 2022
AnalysisBusiness & MarketsDonald Trumpeconomic policieseconomyenergyEuropeGermanyinflationInternationalNatural gasOpinionPoliticsRepublicansRussiaRussia-Ukraine WarTrumpUSWorld
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News Analysis One of the German diplomats who snickered when then-President Donald Trump said Germany would “become totally dependent on Russian energy” didn’t respond to a question on whether his views have changed as rising energy costs amidst the war in Ukraine seem to prove Trump right. Trump made the remarks during a speech to…

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Germans Laughed at Trump’s Russia Warning, But It Proved Prophetic

September 1, 2022
AnalysisBusiness & MarketsDonald Trumpeconomic policieseconomyenergyEuropeGermanyinflationInternationalNatural gasOpinionPoliticsRepublicansRussiaRussia-Ukraine WarTrumpUSWorld
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News Analysis In September 2018, the German delegation to the United Nations General Assembly snickered when then-President Donald Trump said their country would “become totally dependent on Russian energy.” Some observers gleefully joined in. Trump said during the same speech: “Reliance on a single foreign supplier can leave a nation vulnerable to extortion and intimidation.”…

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Gazprom Head Says ‘Sanctions Confusion’ Means Siemens Cannot Service Nord Stream 1: Interfax

September 1, 2022
Business & MarketsCompaniescrisisenergyEuropeGasGazpromGold and CommoditiesMarketsNordstreamRussiaRussia-Ukraine WarsanctionsSiemensUkraineWorld
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MOSCOW—Gazprom Chief Executive Alexei Miller on Wednesday said Western sanctions mean Siemens Energy is unable to carry out regular maintenance on equipment for the Nord Stream 1 natural gas pipeline, Interfax news agency reported. Periodic replacement of some equipment, such as turbines, is needed to ensure the smooth transport of gas. Its state of repair…

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British National Killed in Action While Volunteering as Medic in Ukraine

September 1, 2022
EuropeRussia-Ukraine WarUKUkraineWorld
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A British national has been killed while volunteering as a medic in Ukraine. In a GoFundMe set up to bring his body home, Craig Mackintosh’s sister Lorna revealed that he had been killed in Ukraine on Aug. 24. She said that her brother, from Thetford, Norfolk, had lost his life “in the line of duty”….

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