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Russia and West at odds over gas payments in roubles

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(Last Updated On: March 29, 2022)

Russia said on Monday it will not supply gas to Europe for free as it works out methods for accepting payments for its gas exports in roubles but G7 nations refused the demand.

At a meeting of European Union leaders on Friday, no common position emerged on Russia’s demand last week that “unfriendly” countries must pay in roubles, not euros, for its gas in the wake of the United States and European allies teaming up on a series of sanctions aimed at Russia, Reuters reported.

Concerns over security of supply were enhanced after the demand, with companies and EU nations scrambling to understand the ramifications.

The Russian central bank, the government and Gazprom (GAZP.MM), which accounts for 40% of European gas imports, should present their proposals for rouble gas payments to President Vladimir Putin by March 31.

“We are not going to supply gas for free, this is clear,” Kremlin spokesman Dmitry Peskov told a conference call. “In our situation, this is hardly possible and appropriate to engage in charity (with European customers).”

In a interview aired later on Monday with the American public broadcaster PBS, when asked whether gas would be turned off for non-payers, Peskov replied: “No payment – no gas.”

But he added that Russia is yet to take a final decision on how to respond should European countries refuse to pay in the Russian currency.

Meanwhile, energy ministers from the Group of Seven industrialized nations rejected the rouble payment demands, Germany economy and climate protection minister Robert Habeck said after talks with his counterparts, Reuters reported.

“All G7 ministers have agreed that this is a unilateral and clear breach of existing contracts,” he told reporters after a virtual conference with G7 energy ministers.

The ministers “underlined once again that the concluded contracts are valid and the companies should and must respect them … payment in roubles is unacceptable, and we call on the companies concerned not to comply with Putin’s demand,” he said.

Dutch and British wholesale gas prices rose by up to 20% on Monday on concerns about Russian gas supply.

The EU aims to cut its dependency on Russian gas by two-thirds this year and end Russian fossil fuel imports by 2027. Russian gas exports to the EU were around 155 billion cubic metres (bcm) last year.

On Friday, the United States said it will work to supply 15 bcm of liquefied natural gas (LNG) to the European Union this year.

However, the EU would struggle to replace all Russian gas exports in a short period of time, experts said.

Russian gas deliveries to Europe on three main pipeline routes were stable on Monday, with the Yamal-Europe pipeline continuing to flow eastwards from Germany into Poland, operator data showed.

Russia’s Gazprom (GAZP.MM) said it that it was continuing to supply natural gas to Europe via Ukraine in line with requests from European consumers.

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Famine risk ‘very high’ in Gaza, especially in north, US official says

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(Last Updated On: April 24, 2024)

Israel has taken significant steps in recent weeks on allowing aid into Gaza, the U.S. special envoy for humanitarian issues said on Tuesday, but considerable work remained to be done as the risk of famine in the enclave is very high.

David Satterfield declined to say whether Washington was satisfied by Israel’s moves, weeks after U.S. President Joe Biden demanded action to alleviate the humanitarian crisis in Gaza, saying conditions could be placed on U.S. support for close ally Israel if it did not implement a series of “specific, concrete and measurable” steps.

“Israel has taken significant steps in these last two and a half weeks,” Satterfield told reporters.
“There is still considerable work to be done. But progress has been made.”

The risk of famine throughout war-devastated Gaza, especially in the north, is “very high”, he said, calling for more to be done to get aid to those in need in that part of the tiny, densely populated Palestinian territory, Reuters reported.

The United Nations has long complained of obstacles to getting aid in and distributing it throughout Gaza in the six months since Israel began an aerial and ground offensive against Gaza’s ruling Islamist militant group Hamas.

Israel’s military campaign has reduced much of the territory of 2.3 million people to a wasteland with an unfolding humanitarian disaster since October, when Hamas ignited war by storming into southern Israel.

The head of the U.N. Palestinian refugee agency (UNRWA), Philippe Lazzarini, said on Tuesday that the daily average number of trucks entering Gaza during April was 200 and that there had been a peak on Monday of 316.

There was also now a focus on garbage collection, he added, especially in southern Gaza, in a bid to avoid disease outbreaks as the warmer weather approaches.

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North Korea officials visit Iran in a rare public trip

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(Last Updated On: April 24, 2024)

A North Korean delegation led by the cabinet minister for international trade is visiting Iran, the North’s official media said on Wednesday in a rare public report of an exchange between the two countries believed to have secret military ties, Reuters reported.

The minister for external economic relations, Yun Jong Ho, left Pyongyang on Tuesday by air leading a ministry delegation to visit Iran, the North’s KCNA news agency said. It gave no other detail.

North Korea and Iran have long been suspected of cooperating on ballistic missile programmes, possibly exchanging technical expertise and components that went into their manufacture, read the report.

Iran has provided a large number of ballistic missiles to Russia for use in its war with Ukraine, Reuters reported in February.

North Korea is also suspected of supplying Russia with missiles and artillery, although both countries have denied the allegation.

Yun has previously worked on the country’s ties with Syria, according to South Korean government database.

Yun has been active in the country’s increasing exchanges with Russia, earlier this month leading a delegation to visit Moscow, according to KCNA.

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Malaysian navy helicopters collide in mid-air, 10 killed

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(Last Updated On: April 23, 2024)

Two Malaysian navy helicopters collided in mid-air during a rehearsal for a naval parade on Tuesday, killing all 10 crew members aboard, the navy said in a statement.

The incident occurred at the Lumut naval base in the western state of Perak at 9.32 a.m. on Tuesday morning, the navy said.

“All victims were confirmed dead at the scene and sent to the Lumut naval base military hospital for identification,” Reuters reported the navy as saying.

A video circulating on local media showed several helicopters flying in formation, when one of the choppers’ rotor clipped another before both aircraft crashed into the ground.

Local police confirmed the footage was genuine.

The navy said it would carry out an investigation into the cause of the accident, Reuters reported.

Defence Minister Mohamed Khaled Nordin said the aircraft – a maritime operations helicopter and a Fennec military chopper – were rehearsing for a parade celebrating the 90th anniversary of the Royal Malaysian Navy, due to be held on Saturday.

Efforts were underway to verify the identities of the crew members killed, all of whom were below the age of 40, Mohamed Khaled told reporters.

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