Etiqueta: Europe
Termination of Russian gas transit one of Moscow’s biggest defeats – Zelensky
“When Putin was presented with the Russian presidency more than 25 years ago, the annual gas transit through Ukraine to Europe totaled more than 130 billion cubic meters. Today, it equals 0. This is one of Moscow’s biggest defeats. As a result of Russia weaponizing energy and resorting to cynical blackmail of partners, Moscow lost one of the most profitable and geographically accessible markets” – Ukrainian President Volodymyr Zelenskyy.
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Russia lost more heavy equipment in Pokrovsk than in Stalingrad
OSINT indicates the 13-month battle for Pokrovsk has become one of history’s costliest armoured engagements, with Russia losing more tanks than any European nation currently possesses.
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EBRD and Aon Unveil €110 Million War Risk Insurance Initiative for Ukraine
The European Bank for Reconstruction and Development (EBRD) and Aon, a global insurance and reinsurance broker, announced the launch of a €110 million Ukraine Recovery Guarantee Facility (URGF). This initiative aims to provide reinsurance support to international reinsurers and Ukrainian insurance companies, covering war-related risks in Ukraine.
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Russia resells more gas in Europe after cutting off Austria, sources, data show
Russia has resold more gas after cutting off Austria. The remaining unsold Russian gas has been bought elsewhere in Europe particularly Hungary and Slovakia as well as to the Czech Republic which doesn’t have direct contact. Smaller volumes are being supplied to Italy and Serbia.
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India Is Now Russia’s No. 2 Supplier of Restricted Technology
India has surged to become the second-biggest supplier of restricted critical technologies to Russia, US and European officials said, highlighting the challenge in efforts to choke off exports fueling Russia’s war machine – Bloomberg.
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Western, Russian nuclear industries still intertwined, report says
Despite sanctions and geopolitical tensions, the nuclear industries of Western countries and Russia remain closely interconnected. This connection persists through the collaboration on nuclear fuel supplies and technology, revealing that many Western nations continue to rely on Russian expertise and resources. Ongoing contracts and business relationships indicate that a complete separation would be challenging and could disrupt energy supplies. Efforts to reduce this dependency are ongoing, but the process is complex due to the specialized nature of the nuclear sector. Read more at Reuters...
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