Share to Twitter Share to Linkedin Both oil and gas exported from Russia bring in significant revenue that can be used to support the Russian war in Ukraine. But the export revenue from oil sales is much greate r than export revenue from gas sales. If the West stops buying oil this really hurts Russia – more than if the West stopped buying gas. Back in May, the EU agreed to ban all Russian oil imports by the end of 2022, at least those that are delivered by sea. That was a good move. Russia threatens to cut gas supplies to the European Union. Russia has realized that cutting natural gas doesn’t affect their export revenue (like oil does) but it affects the economies of EU countries a lot more. Russia supplied the EU with 40% of its gas last year , with Germany, Italy, and Netherlands the top three importers in actual volumes of gas. Germany had imported more than 50% of its gas from Russia via the Nord Stream 1 pipeline. By the end of June, … [Read more...] about Russia Threatens, EU Reduces, US Industry Helps To Untangle The Natural Gas War In Europe.
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Kremlin accuses Kyiv of shelling Zaporizhzhia nuclear plant
Thibault Marchand (Agence France-Presse) (The Jakarta Post) PREMIUM Kyiv ● Wed, August 10 2022 The Kremlin accused Ukrainian forces on Monday of firing on Europe's largest nuclear power plant in occupied Ukraine and warned the alleged attacks could have "catastrophic consequences". Kyiv said Moscow was responsible and called for the area to be demilitarized, adding that two employees had been wounded in recent attacks. Fighting continued meanwhile along battle lines stretching across eastern Ukraine, and Russia continued its crackdown on dissent at home. to Read Full Story SUBSCRIBE NOW Starting from IDR 55,500/month Unlimited access to our web and app content e-Post daily digital newspaper No advertisements, no interruptions Privileged access to our events and programs Subscription to our newsletters We accept Register to read 3 premium articles for free Already subscribed? login Or let Google manage your … [Read more...] about Kremlin accuses Kyiv of shelling Zaporizhzhia nuclear plant
Bibek Debroy writes: India’s economy is better placed than its peers, other economies around the world
Representative image Impostor syndrome seems to be more common than actually thought, though at a collective level. People may often feel that the groups they are affiliated with may be underperforming in comparison to other groups. Although this self-critical approach may work in certain cases, it may also overlook the positives, and decrease the morale of those affiliated with the group. Many in India seem to have a collective/national-level impostor syndrome. While the Indian economy is much better placed than its peers in the emerging markets, and other economies, the government is being criticised on the economic front. The criticism comes when the fundamentals of the Indian economy are robust, despite the exogenous shocks caused by the COVID-19 pandemic, supply chain disruptions, monetary policy tightening by the US Federal Reserve, the Ukraine-Russia conflict, and inflated crude oil prices. India's macroeconomic health remains robust despite external pressures, and ongoing … [Read more...] about Bibek Debroy writes: India’s economy is better placed than its peers, other economies around the world
Agency donates breathing devices for premature babies to Ukraine
Unitaid's Breathing Device Global health aid agency Unitaid is donating 220 specialised portable breathing devices to Ukraine that can help save lives of premature babies even in frontline hospitals where there is no electrical power. Russia's invasion of Ukraine on Feb. 24 has seen hundreds of hospitals damaged or destroyed, disrupting supply lines and placing newborn babies at risk of death or disability from a lack of access to equipment and oxygen. Herve Verhoosel, spokesperson for Unitaid, told a media briefing that the war was causing extra stress on pregnant women, leading to an increase in the number of premature births, which had tripled in some areas. The new bubble nasal continuous positive airway pressure (bCPAP) devices are now available in 25 facilities across Ukraine, Verhoosel said. Unitaid funds medical innovation programmes mainly in poor countries, and is hosted by the World Health Organization. Close WHO spokesperson Margaret Harris said … [Read more...] about Agency donates breathing devices for premature babies to Ukraine
Opinion: Putin’s prisoner swap calculus
Jill Dougherty is adjunct professor at Georgetown University and a former CNN Moscow Bureau Chief. The views expressed in this commentary are her own. View more opinion on CNN. (CNN) Some of the most dramatic -- and diplomatically delicate -- moments in United States-Russia relations are linked to prisoner exchanges. Jill Dougherty February 10, 1962: In a Cold War, Hollywood-style trade on the Glienicke Bridge between Berlin and Potsdam, two men -- an American and a Soviet -- walked in opposite directions across what would decades later be known as the "Bridge of Spies." They were Francis Gary Powers, the American pilot of a spy plane shot down over the USSR, and Soviet KGB colonel Rudolph Abel, who had served five years in the US on espionage charges. More than half a century later, Vladimir Putin, a former KGB officer, certainly knows the value of prisoner swaps. In April, his administration freed former US Marine … [Read more...] about Opinion: Putin’s prisoner swap calculus
Opinion: Biden’s Afghanistan exit decision looks even worse a year later
Peter Bergen is CNN's national security analyst, a vice president at New America and a professor of practice at Arizona State University. Bergen's new paperback is "The Rise and fall of Osama bin Laden." from which this article is, in part, adapted. The views expressed in this commentary are his own. View more opinion on CNN. (CNN) In 1961, after a CIA-backed invasion of Cuba failed spectacularly, President John F. Kennedy said of the Bay of Pigs fiasco, "Victory has 100 fathers and defeat is an orphan." Peter Bergen Last week, President Joe Biden took a victory lap when he announced that the US had tracked down and killed its most wanted terrorist, al Qaeda leader Ayman al-Zawahiri, who was living in a house in Kabul, Afghanistan. Don't expect a similar celebration on August 30, the first anniversary of the US troop withdrawal from Afghanistan, which ended the longest war in American history. Any realistic assessment of that action shows that it … [Read more...] about Opinion: Biden’s Afghanistan exit decision looks even worse a year later
Moscow steps up assault in eastern Ukraine as Kyiv calls for ‘ban’ on Russians
Heavy fighting was reported on Tuesday in frontline towns near the eastern city of Donetsk, where Ukrainian officials said Russian troops were launching waves of attacks as they tried to seize control of the industrialised Donbas region. - A + A KYIV (Aug 9): Russia unleashed ground forces, air strikes and artillery as it pressed ahead with a grinding offensive designed to complete its capture of eastern Ukraine, but Kyiv said its troops were putting up fierce resistance and holding the line. Heavy fighting was reported on Tuesday in frontline towns near the eastern city of Donetsk, where Ukrainian officials said Russian troops were launching waves of attacks as they tried to seize control of the industrialised Donbas region. "The situation in the region is tense — shelling is constant throughout the front line ... The enemy is also using air strikes a great deal," Pavlo Kyrylenko, governor of the Donetsk region, one of two that makes up Donbas, told Ukrainian … [Read more...] about Moscow steps up assault in eastern Ukraine as Kyiv calls for ‘ban’ on Russians
CNN Exclusive: Biden administration offers convicted Russian arms dealer in exchange for Griner, Whelan
Washington (CNN) After months of internal debate, the Biden administration has offered to exchange Viktor Bout , a convicted Russian arms trafficker serving a 25-year US prison sentence, as part of a potential deal to secure the release of two Americans held by Russia , Brittney Griner and Paul Whelan, according to people briefed on the matter. These sources told CNN that the plan to trade Bout for Whelan and Griner received the backing of President Joe Biden after being under discussion since earlier this year. Biden's support for the swap overrides opposition from the Department of Justice, which is generally against prisoner trades. Kremlin spokesman Dmitry Peskov said Thursday that "so far, there is no agreement on this issue." Secretary of State Antony Blinken announced Wednesday that the US presented a "substantial proposal" to Moscow "weeks ago" for Whelan and Griner, who are classified as wrongfully detained. Speaking at a press … [Read more...] about CNN Exclusive: Biden administration offers convicted Russian arms dealer in exchange for Griner, Whelan
Oil Prices Jump As Russian Oil Supplies Halted To Eastern Europe
Share to Twitter Share to Linkedin Topline Ukraine’s suspension of Russian oil to Eastern Europe sent oil prices soaring Tuesday morning, after Russian oil company Transneft announced Ukraine had not received transfer fees for the oil for nearly a week due to Western sanctions, renewing fears of supply shortages. Key Facts Brent Crude Oil shot up 1.13% Tuesday morning, hitting $97.78 per barrel, while West Texas Intermediate increased 1.3%, to $92.06, following the announcement from Transneft , Russia’s pipeline monopoly. Transneft wrote in a statement obtained by Reuters that it had paid a transfer fee to Ukraine, but the money was returned because of European Union sanctions against Russia for its ongoing invasion of Ukraine. Ukraine’s decision to halt Russian oil affects the southern leg of the Druzhba pipeline, which feeds Hungary, Slovakia and the Czech Republic, according to Transneft. Hungary ’s oil reserves now sit … [Read more...] about Oil Prices Jump As Russian Oil Supplies Halted To Eastern Europe
9 Reasons To Love Mauritius Now
Share to Twitter Share to Linkedin It seems that just about everyone was in Mauritius at some point—Arabians in the 10th century, followed by the Malays and then the Portuguese, who named it Ilha do Cerne (“Island of the Swan”) but didn’t stick around. The Dutch colonized it, until that failed and the French moved in and named it Isle de France. After a war, the British had a turn until the country became independent in 1968. And while it doesn’t have an easy past (the colonists imported and enslaved much of the population, then enticed Indians essentially as indentured servants), the result of all that history today is a fascinatingly multicultural island. Everything seems to be a blend of European, African, Asian and Creole influences. The island is also an exclusive one, says Ashwin Cahoolessur, an officer at the Mauritius Tourism Promotion Authority. There are no low-cost flights, and some 50 of the island’s 101 hotels have five stars. He continues that … [Read more...] about 9 Reasons To Love Mauritius Now