Slovakia may consider reciprocal measures against Ukraine if it doesn’t allow the transit of gas from Russia to Europe. Slovak Prime Minister Robert Fico said he was taken aback by Ukrainian President Volodymyr Zelenskiy’s refusal to allow flows after the two leaders spoke at a summit in Brussels. Zelenskiy said …
Read More »Russia’s Gas Exports via Ukraine Remain Stable despite OMV Dispute
Russian natural gas flows to Europe via Ukraine have remained stable this week despite the fact that Gazprom cut off supply to Austria’s OMV over the weekend. Gazprom is sending 42.4 million cubic meters of gas to Europe via Ukraine on Thursday, Reuters quoted the Russian gas giant as saying. …
Read More »Oil Rises amid Escalating Russia-Ukraine Tension
Oil prices edged up on Monday after fighting between Russia and Ukraine intensified at the weekend, though concern about fuel demand in China, the world’s second-largest consumer, and forecasts of a global oil surplus weighed on markets. Brent crude futures gained 29c, or 0.4%, to $71.33 a barrel by 5.02am …
Read More »EU Has Storage Capacity to Survive End of Ukraine Gas Transit
Even if supply from Russia via Ukraine ends, the European Union can still meet its natural gas needs in next year’s winter by utilizing the bloc’s storage facilities and rolling back consumption before the peak season, according to a new industry analysis. The transit contract between the two warring countries …
Read More »EU Debates Future of Russian Gas Imports as Ukraine Pipeline Deal Nears End
European energy ministers are weighing two options for importing Russian natural gas, which continues to flow into the EU despite the war in Ukraine, Bloomberg reported on Oct. 15. At a meeting in Luxembourg, ministers from the EU’s 27 member countries are set to discuss their readiness for the upcoming …
Read More »Tensions Rise as Ukraine Ends Russian Gas Transit Agreement
Ukrainian Prime Minister Denys Shmyhal on October 7 told Slovakian counterpart Robert Fico that Kyiv will not extend a gas-transit deal with Russia when it expires at year’s end, a move likely to increase tensions between the EU and NATO member and Ukraine, which aspires to join both organizations. “Ukraine …
Read More »EU’s Increased Electricity Exports to Ukraine Disrupt Regional Market
A significant increase in EU electricity exports to Ukraine in the wake of Russian strikes on its grid has caused a surge in prices in Southeastern Europe, Greece’s Prime Minister has warned. In a letter to European Commission President Ursula von der Leyen cited by the Financial Times, Kyriakos Mitsotakis …
Read More »Russia Informs IAEA about Ukraine’s Alleged Plans to Target Zaporizhzhia, Kursk Nuclear Power Plants
The Russian Atomic Corporation (Rosatom) informed the UN’s nuclear watchdog on Saturday about Ukraine’s alleged plans to carry out a provocation, involving two nuclear power plants and subsequently accuse Moscow of doing it. Head of Rosatom Alexey Likhachev called the International Atomic Energy Agency (IAEA) chief Rafael Grossi to inform …
Read More »Ukraine’s Steel Exports Skyrocket with EU Market Access
For the first half of 2024, Ukrainian steel manufacturing increased finished and semi-finished production by about one-third year on year. According to a July 15 report from Kyiv-based steelmaking association Ukrmetallurgprom, volumes for the first six months came to 3.14 million metric tons, representing a 32% rise from an estimated …
Read More »Ukraine Says Russia Attacked Its Energy Infrastructure
Western media reported that Russia pummeled Ukraine’s energy infrastructure with a large-scale drone and missile attack on Saturday, injuring at least 19 people. The Ukrainian military claimed that it had downed 35 out of the 53 missiles launched at targets across the country overnight on 1 June as well as …
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