On Tuesday, European Union members adopted a reduced emergency plan to reduce their gas demand, after making compromise deals to reduce the cutbacks for some countries, as they braced for further Russian supply restrictions.

ECONOMY, DIPLOMACY

  • A deal reached by European Union countries to reduce their gas use should result in enough gas savings to last through an average winter if Russia cuts supply completely in July, according to the bloc’s energy chief Kadri Simson on Tuesday.
  • The Kremlin announced on Tuesday that a repaired gas turbine for Nord Stream 1, Russia’s largest gas pipeline to Europe, had not yet arrived following maintenance in Canada, and that a second turbine was defective.
  • Russian gas giant Gazprom (GAZP.MM) has abruptly boosted pressure in the Urengoy-Pomary-Uzhgorod pipeline, which transports Russian gas to Europe, the Ukrainian state pipeline operator said on Tuesday. According to the Ukrainian corporation, such pressure increases could result in catastrophes such as pipeline ruptures.
  • Under a pact reached by Ukraine, Russia, Turkey, and the United Nations, the first ships to export grain from Ukraine’s Black Sea ports might leave within a few days, according to a U.N. spokesperson.
  • The Kremlin claimed on Tuesday that it believes German Chancellor Gerhard Schroeder is in Moscow and that contact with him is feasible.
  • On Tuesday, the European Union resolved to extend sanctions against Russia for another six months, until the end of January 2023.
  • Ugandan President Yoweri Museveni said on Tuesday that he saw no need to criticize Russia for its invasion of Ukraine, hailing Russian-African relations in statements that are sure to please his Russian counterpart, Sergei Lavrov.

FIGHTING

  • Russia’s military forces destroyed eight Ukrainian missile and artillery munitions stockpiles in the southern Mykolaiv region and the eastern Donetsk region on Tuesday, according to the defence ministry’s daily briefing.
  • Britain stated on Tuesday that there was “no indication” that a Ukrainian warship and a stock of anti-ship missiles were docked in Odesa port on Sunday, despite Russia’s earlier claim that those targets had been destroyed with high-precision missiles.
  • The Kremlin said on Saturday that Russian missile strikes in Odesa hit military targets and would have no effect on grain exports.

Source: Reuters

LEAVE A REPLY

Please enter your comment!
Please enter your name here