Канада хочет передать ФРГ оставшиеся пять турбин для "Северного потока"23:15 08/24/2022 (updated: 09:16 08/25/2022)
Canada wants to transfer the remaining five turbines for Nord Stream to Germany
Canadian Foreign Minister Melanie Joly announced the transfer of five turbines for Nord Stream to Germany
WASHINGTON, Aug 24 — RIA Novosti. Ottawa plans to transfer to Germany five gas turbines for the Nord Stream gas pipeline, which are still under repair in Montreal, Canadian Foreign Minister Melanie Joly said in an interview with CBC.
"That was the decision we made. This is exactly what Germany asked us to do," Joly said.
In Germany, an energy collapse is predicted in winter due to the likely termination of supplies of natural gas from Russia. Economy Minister Robert Habek and the head of the Federal Grid Agency Klaus Mueller have repeatedly called on citizens to save electricity, water and heat.
In addition, the whole of Europe is facing a serious fuel shortage, since the main Russian highway Nord Stream operates at only 20 percent of the total capacity. Gazprom explained this by improper maintenance and a delay in the return of Siemens turbines from repair. Now only one of the five engines is involved in the operation of the highway.
A particular difficulty arose with the return of the turbine, which was undergoing repair in Canada. Because of the sanctions against Gazprom, the local government issued a permit for the removal, on 10 July, but did not consider it of the terms of the contract and sent the engine to Germany, but not in Russia. Further transportation requires permits from the EU and London authorities.
As the Russian Embassy in Berlin stressed earlier, the delivery of the turbine for Nord Stream to Germany after repair in Canada does not meet the terms of the contract, Russia requires confirmation that it and other parts that require maintenance will not become objects of restrictions of Canada, the UK and the European Union.
Стоимость газа в Европе впервые с марта превысила $3200 за тысячу кубометровThe cost of gas in Europe for the first time since March exceeded $3,200 per thousand cubic meters
August 25, 2022, 10:40
Exchange prices for gas in Europe exceeded $3.2 thousand per 1 thousand cubic meters for the first time since March, according to data from the London ICE exchange.
The cost of the September futures on the TTF hub in the Netherlands rose to $3,215 per 1,000 cubic meters, TASS reports.
It is noted that the price has increased by more than 7% since the beginning of trading.
Earlier, the Russian company Gazprom said that gas prices in Europe in winter could exceed $4 thousand per 1 thousand cubic meters.
Поляки без угля из России вспомнили времена коммунизма03:02 29.08.2022
Poles without coal from Russia remembered the times of communism
Reuters: residents of Poland lined up for coal, remembering the times of communism
MOSCOW, Aug 29 - RIA Novosti. The ban on coal imports from Russia forced Poles to recall communist times, Reuters reports.
In the city of Lublin, dozens of cars of local residents lined up in front of the Lubelski Wegiel Bogdanka mine. The wait, the publication notes, can stretch for many hours and even a day.
"It's beyond imagination. I remember the times of communism, but it never occurred to me that we could return to something even worse," the agency quotes one of those standing in line.
Poland in April completely banned the import of coal from Russia, which dramatically affected the availability of coal on the market and its price. The cost of a ton of coal from private suppliers reaches three thousand zlotys (about $ 640). The Ministry of Climate and Environment of Poland in the current situation in early July canceled for 60 days the requirements for the quality of coal used for heating.
Former Deputy Prime Minister and ex-Minister of Economy of the republic Janusz Pehocinski, in turn, warned that Poland expects an "expensive winter" in terms of the cost of coal. At the same time, he noted that there was a significant decrease in coal production in the country.
Earlier, the Polish fuel concern ORLEN predicted a three-fold increase in the price of natural gas by the end of 2022. The concern also expects an increase in electricity prices by 2.6 times.
With the beginning of the Russian special operation to demilitarize and denazify Ukraine, the West has increased sanctions pressure on Moscow. Many countries have announced the freezing of Russian assets, and calls to abandon energy resources from Russia have become louder. These measures turned into problems for Europe and the United States, provoking an increase in food and fuel prices.
Hurriyet: Греция впервые применила ЗРК С-300 против турецких F-162022-08-28
Hurriyet: Greece for the first time used the S-300 air defense system against the Turkish F-16
The incident occurred during another Turkish provocation with an attempt to enter the airspace of Greece. As it became known, Greece used its S-300 complexes, which not only began to irradiate the F-16 fighters of the Turkish Air Force, but were also ready to open fire on combat aircraft if the latter violated the border of Greek airspace, as evidenced by the detection of a signal about preparing for an attack.
The incident occurred near the island of Rhodes, while, as the Turkish Hurriyet newspaper notes, Greece was ready to launch a missile at the first opportunity, despite the fact that there are certain agreements between NATO countries on this matter.
"The Russian-made Greek S-300 air defense deployed on the island of Crete, during the F-16 combat flights of the Turkish Air Force Command in the Aegean Sea and the Eastern Mediterranean, triggered the emergency warning systems on one of the combat aircraft. It is recorded that the target tracking and missile guidance radar of the S-300 system detected a surface-to-air missile on an F-16 that was carrying out a reconnaissance mission at an altitude of 10,000 feet west of Rhodes. It was also stated that, despite the hostile actions, the aircraft completed the planned tasks and returned safely to their bases. Sources in the ministry said that the incident showed that Greece actively used the batteries in question, stressing that incidents involving the use of air defense means are expressed as "hostile actions" in accordance with the NATO system of rules of engagement," the Turkish Hurriyet newspaper said.
To date, this is the first time that Greece has tried to use its air defense systems against a Turkish fighter, which are not controlled by the NATO common air defense system. Moreover, taking into account the remoteness of the Turkish combat aircraft from Rhodes, the Turkish fighter would almost certainly have been destroyed.
Польский политик Качиньский намерен потребовать от ФРГ 1,3 триллиона долларов репарацийPolish politician Kaczynski intends to demand 1.3 trillion dollars of reparations from Germany
The Polish authorities are determined to appeal to the German leadership with a demand for $1.3 trillion in reparations for World War II. This statement was made by the head of the ruling Polish Law and Justice Party (PiS) Jaroslaw Kaczynski.
He is sure that this amount is quite real for Germany. The politician admitted that in the future it could become much higher.
"The amount that was presented as the cost of damage is 6 trillion 200 billion zlotys (1.3 trillion dollars — Ed.)," Kaczynski said.
According to the PiS leader, Berlin still has not paid the price for its actions against Warsaw during the war period. Kaczynski expressed dissatisfaction that some "Nazi criminals" have become high-ranking officials in modern Germany.
JPMorgan CEO Jamie Dimon has gone into doomer territory - warning that while the US economy is "actually still doing well" at the moment, there are "very, very serious things which I think are likely to push the US and the world" into Recession.
"I mean, Europe is already in recession - and they're likely to put the US in some kind of recession six to nine months from now," Dimon told CNBC's Julianna Tatelbaum on Monday.
Dimon also cited runaway inflation and interest rates shooting up more than expected, as well as the unknown effects of QE and the war in Ukraine.
"These are very, very serious things which I think are likely to push the U.S. and the world — I mean, Europe is already in recession — and they’re likely to put the U.S. in some kind of recession six to nine months from now," he said.
Dimon said that while the Fed raised "waited too long and did too little," that the central bank is "clearly catching up."
"From here we let’s all wish him success and keep our fingers crossed that they managed to slow down the economy enough so that whatever it is, is mild — and it is possible," he continued.
How long might a recession last?
"It can go from very mild to quite hard and a lot will be reliant on what happens with this war. So, I think to guess is hard, be prepared," Dimon said, adding that the one thing he could be sure of was market volatility - which could coincide with disorderly financial conditions."
Dimon also suggested that the S&P 500 could fall by "another easy 20%" from current levels, adding that "the next 20% would be much more painful than the first."
In June, Dimon warned of an "economic hurricane," adding "you'd better brace yourself."
Meanwhile, and possibly in reaction to Dimon's commentary, the market is not happy.