Russia’s biggest airstrike in weeks piles pressure on Ukraine power grid

Ukrainian servicemen use a searchlight as they search for drones in the sky over the city during a Russian drone and missile strike in Kyiv, Ukraine May 8, 2024. (Reuters)
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Updated 09 May 2024
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Russia’s biggest airstrike in weeks piles pressure on Ukraine power grid

  • Russia’s defense ministry said it struck Ukraine’s military-industrial complex and energy facilities in retaliation for Kyiv’s strikes on Russian energy facilities

KYIV: Russian missiles and drones struck nearly a dozen Ukrainian energy infrastructure facilities on Wednesday, causing serious damage at three Soviet-era thermal power plants and blackouts in multiple regions, officials said.
Ukraine’s air force said it shot down 39 of 55 missiles and 20 of 21 attack drones used for the attack, which piles more pressure on the energy system more than two years after Russia launched its full-scale invasion.
“Another massive attack on our energy industry!” Energy Minister German Galushchenko wrote on the Telegram app.
Two people were injured in the Kyiv region and one was hurt in the Kirovohrad region, Interior Minister Ihor Klymenko said.
Galushchenko said power generation and transmission facilities in the Poltava, Kirovohrad, Zaporizhzhia, Lviv, Ivano-Frankivsk and Vinnytsia regions were targeted.
Some 350 rescuers raced to minimize the damage to energy facilities, 30 homes, public transport vehicles, cars, and a fire station, the interior ministry said.
National power grid operator Ukrenergo said it was forced to introduce electricity cuts in nine regions for consumers and that it would expand them nationwide for businesses during peak evening hours until 11 p.m. (2000 GMT).
Ukrenergo CEO Volodymyr Kudrytskyi, interviewed by the Ukrainska Pravda media outlet, said electricity imports would not make up for power shortages. He said hydropower stations had also been hit, clarifying an earlier company statement omitting hydro stations from the list of affected facilities.
Power cuts for industrial users, he said, were “almost guaranteed” but interruptions for domestic users would depend on how well they reduced consumption.
“Many important power stations were damaged,” he said, citing three stations operated by DTEK, Ukraine’s biggest private company, as well as two hydropower stations.
“The damage is on quite a large scale. There is a significant loss of generating power, so significant that even imports of power from Europe will not cover the shortage that has been created in the energy system.”
Russia’s defense ministry said it struck Ukraine’s military-industrial complex and energy facilities in retaliation for Kyiv’s strikes on Russian energy facilities.
“As a result of the strike, Ukraine’s capabilities for the output of military products, as well as the transfer of Western weapons and military equipment to the line of contact, have been significantly reduced,” the ministry said.

WORLD WAR TWO ANNIVERSARY
President Volodymyr Zelensky noted the attacks were launched on the day Ukraine marks the end of World War Two.
“This is how the Kremlin marks the end of World War Two in Europe, with a massive strike, attempting to disrupt the lives of our people with its Nazism,” he said in his nightly video address.
In an earlier online address, Zelensky singled out what he said was the West’s limited progress in curbing Russian energy revenue and some countries that attended President Vladimir Putin’s inauguration for a fifth term in the Kremlin on Tuesday.
Fighting Nazism back then, he said, was “when humanity unites, opposes Hitler, instead of buying his oil and coming to his inauguration.”
Ukraine has stepped up drone attacks on Russian refineries this year despite apparent objections by the United States, trying to find a pressure point against the Kremlin whose forces are slowly advancing in the eastern Donbas region.
Ukrainian strikes on Russian refineries may have disrupted more than 15 percent of Russian oil refining capacity, a NATO military alliance official has said.
After pounding the energy system in the first winter of the war, Russia renewed its assault on the grid in March as Ukraine was running low on stocks of Western air defense missiles.
Prime Minister Denys Shmyhal estimated that more than 800 heating facilities had been damaged and up to 8 GW of power generation lost so far, adding the government needed $1 billion to fund repair work.
DTEK vowed to keep working to restore power at its facilities, and its CEO, Maxim Timchenko, called on Ukraine’s allies to provide more air defense systems.
Officials did not name the facilities hit on Wednesday, part of a policy of wartime secrecy that Kyiv says is needed to prevent Russia using the information for further strikes.
But Lviv governor Maksym Kozytskyi said Russia attacked a natural gas storage facility in his region in the west of the country, Radio Free Europe/Radio Liberty reported.
In central Poltava region, energy infrastructure was hit by a drone, Poltava Regional Governor Filip Pronin said.
The governors of Vinnytsia and Zaporizhzhia said critical civilian infrastructure facilities were damaged.


India, EU agree on trade deal slashing tariffs on 99.5% of Indian exports

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India, EU agree on trade deal slashing tariffs on 99.5% of Indian exports

  • Agreement expected to be signed later this year and come into force in early 2027
  • Duty cuts on 99.5% Indian exports to EU unlikely to offset US tariff impact, expert says

NEW DELHI: India and the EU have concluded negotiations on a deal creating a free trade zone of 2 billion people, European Commission President Ursula von der Leyen and Indian Prime Minister Narendra Modi said on Tuesday.

Talks for the pact, referred to by both leaders as the “mother of all deals,” started in 2007 and stalled repeatedly over the years, with the negotiation process only speeding up last year, following new US tariff polices.

The agreement is expected to be signed later this year and may come into force in early 2027.

“People around the world are calling it the ‘mother of all deals.’ This agreement brings huge opportunities for India’s 1.4 billion people and for millions of people across European countries,” Modi said during a joint press conference with Von der Leyen and European Council President Antonio Costa in New Delhi.

“It represents 25 percent of the global GDP and one-third of global trade.”

The deal paves the way for India to open its vast market to free trade with the EU, its biggest trading partner, and gain preferential access for almost all of its exports to the 27-nation European bloc.

“We have created a free trade zone of 2 billion people, with both sides set to gain economically,” Von der Leyen said. “We have sent a signal to the world that rules-based cooperation still delivers great outcomes.”

The conclusion of negotiations comes as US President Donald Trump slapped India with 50 percent tariffs and has threatened to impose new duties on several EU countries unless they support his efforts to take over Greenland.

“This is a signal to the US that like-minded entities, EU and India, are willing to come together and work together,” Prof. Harsh V. Pant, vice president of the Observer Research Foundation, told Arab News.

“Here are two countries that are bringing in a greater predictability and less volatility in their relationship, and they will move ahead irrespective of what the US does.”

The deal is expected to double EU goods exports to India by 2032 as tariffs on 96.6 percent of EU goods exports — from automobiles and industrial goods to wine and chocolates — will be eliminated or reduced, saving up to $4.75 billion per year in duties on European products, according to a European Commission press release on Tuesday.

At the same time, the EU will eliminate or reduce tariffs on 99.5 percent of goods imported from India over seven years, India’s Ministry of Commerce and Industry said in a statement, projecting gains mainly in labor-intensive sectors like textiles, leather, marine products, gems and jewelry.

“Indian services will also benefit from the trade deal. But, more than just export growth, the deal is part of a broader EU-India alliance on green tech, critical raw materials, digital rules and other aspects, which should channelize higher FDI (foreign direct investment) into India,” said Dr. Anupam Manur, professor of economics at the Takshashila Institution.

“India can potentially have a welfare and income gain of 0.5 percent of its GDP in the long run. It would also boost Indian exports to the EU by about $5 billion from the current level of about $76 billion.”

The agreement is unlikely to fully compensate for a slowdown in trade with the US.

“In the near term, this will partially offset the loss of exports to the US due to tariffs but cannot be expected to entirely mitigate it. Shifting supply chains and exports take time,” Manur said.

“The implementation of the FTA would take about a year’s time. The deal is expected to come into force by early 2027.”