Energy News Today

Latest news on Russia and the war in Ukraine

3 charts show Europe’s unprecedented natural gas crisis

Europe is facing an unprecedented energy crisis that’s pushing the economy closer into a recession and posing serious questions about the region’s climate change ambitions.

CNBC takes a look in three charts at how Russia is squeezing gas supplies to Europe and what this means for the future. Take a look here.

— Silvia Amaro

Russia likely to be reallocating forces to southern Ukraine, UK says

Russia is likely reallocating a significant number of its forces from the northern Donbas sector to southern Ukraine, Britain’s Ministry of Defense said Monday, echoing comments by the Ukrainian authorities last week.

“Russia is probably adjusting the operational design of its Donbas offensive after failing to make a decisive operational breakthrough under the plan it had been following since April,” the ministry said on Twitter.

“It has likely identified its Zaporizhzhia front as a vulnerable area in need of reinforcement.”

The ministry noted that, over the last four days, Russia has continued to attempt tactical assaults on the Bakhmut axis, northeast of Donetsk, but had only managed to make slow progress.

Several southern cities have experienced Russian shelling over the weekend, including Mykolaiv and Odesa.

Houses in the Odesa region destroyed by Russian shelling.

Sopa Images | Lightrocket | Getty Images

On Sunday evening, Ukraine’s President Zelenskyy commented that “now the Russian army is trying to strengthen its positions in the occupied areas of the south of our country, increasing activity in the relevant areas. Part of the Russian forces are transferred from their positions in the east to the south – to the Kherson region and the Zaporizhzhya region… But this will not help them there,” he said, saying Ukraine’s armed forces “are ready to respond to any new activity of the occupiers.”

— Holly Ellyatt

The body overseeing Ukraine grain exports says it’s watching first shipment closely

Sierra Leone-flagged dry cargo ship Razoni departs from port of Odesa in Odessa, Ukraine on August 01, 2022 as part of a recent grain export deal signed between Turkey, the UN, Russia, and Ukraine and expected to reach Istanbul tomorrow.

Anadolu Agency | Anadolu Agency | Getty Images

The Joint Coordination Centre, a body set up by Russia, Ukraine, Turkey and the United Nations to coordinate and oversee the shipments of vital produce from Ukraine, has said it is monitoring the safe passage of the merchant ship.

A statement from the JCC on the so-called “Black Sea Grain Initiative” issued on Monday said it had “authorised the M/V Razoni to sail from the port of Odesa today.”

The JCC has agreed to the specific coordinates and restrictions of a humanitarian maritime corridor and has communicated those details in accordance with international navigation procedures, it said.

It added that it “has requested all its participants to inform their respective military and other relevant authorities of this decision to ensure the safe…

Read More: Latest news on Russia and the war in Ukraine

2022-08-01 04:13:00

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