KYIV: Ukrainian officials on Tuesday pointed to a much improved situation in the energy industry following waves of relentless Russian attacks that caused major power cuts across the country.
Several regions have faced regular blackouts and forced energy rationing since Russia invaded in February 2022, as Moscow has targeted missile and drone strikes at the war-torn country’s power stations.
“Due to the early completion of repairs at two units of nuclear power plants and a drop in air temperature, the situation in the energy sector has stabilized,” Prime Minister Denys Shmygal said Tuesday.
State-run electricity operator Ukrenergo said July 30 was the first day of the month with no power cuts.
“If there is no more shelling, it will be possible to manage with minimal restrictions or no power outages at all in the next three months,” said Yuriy Boyko, an adviser to Shmygal who sits on Ukrenergo’s supervisory board.
Ukraine has relied on electricity imports from its neighboring EU countries to fill a gap in generation caused by the Russian attacks.
It has also introduced rolling regional blackouts and asked businesses and consumers to limit consumption at peak hours.
Shmygal said Ukraine was continuing “to prepare for the autumn and winter period and develop alternative generation sources.”
Ukraine sees improving energy situation
https://arab.news/zrq7u
Ukraine sees improving energy situation
- Several regions have faced regular blackouts and forced energy rationing
- State-run electricity operator Ukrenergo said July 30 was the first day of the month with no power cuts
Russian and Egyptian commodities exchanges plan closer cooperation
- Russia has been pushing to establish the exchange as part of a broader plan to create new financial instruments
- “In general, all of this can be viewed both as bilateral Russia–Egypt relations,” said Artemyev
MOSCOW: Russia’s and Egypt’s leading commodity exchanges plan to cooperate more closely, with a view to setting up a potential new grain exchange within the wider BRICS group, the head of Russia’s SPIMEX exchange said late on Thursday.
Russia, the world’s largest wheat exporter, has been pushing to establish the exchange as part of a broader plan to create new financial instruments, detach its trade from the US dollar and help Moscow to combat Western sanctions.
“In general, all of this can be viewed both as bilateral Russia–Egypt relations and as the creation of a BRICS exchange,” Igor Artemyev, head of Russia’s SPIMEX exchange, told reporters after the signing of a memorandum of understanding with Egypt’s EMX.
Under the memorandum, the parties plan to simplify exchange-trading procedures and explore possibilities for mutual exchange access for brokers and companies of both countries.
Russian President Vladimir Putin has said that BRICS countries, which are among the world’s largest producers of grains, legumes and oilseeds, could establish such an exchange, potentially expanding it to trade other major commodities.
The plan to create the exchange was approved by leaders of BRICS countries, which include Brazil, Russia, India, China, South Africa and Egypt, among others.
