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November 27th - According to two informed Japanese government officials, the Japanese government plans to increase the issuance of 2-year and 5-year government bonds in a revised version of its fiscal year 2025 bond issuance plan, aiming to raise funds for an economic stimulus package. It is understood that the total amount of government bonds originally planned for issuance in the current fiscal year ending next March (171.8 trillion yen) will increase by approximately 7 trillion yen (approximately US$44.7 billion). Under the revised plan, the issuance amounts for 10-year, 20-year, 30-year, and 40-year government bonds will remain unchanged. The two officials stated that the government expects to increase the issuance of discount treasury bills by approximately 6 trillion yen and may increase the monthly issuance of 2-year and 5-year government bonds by 100 billion yen each starting next January. The revised issuance plan will be submitted to a meeting of government bond market underwriters for discussion on Thursday, and subsequently submitted to a cabinet meeting for deliberation.Sources say Japan may increase the sale of government bond discount notes by about 6 trillion yen in a revised plan.Sources say Japan may increase the issuance of 2-year and 5-year Japanese government bonds starting in January as part of its revised bond issuance plan for fiscal year 2025.According to NBC News: Two senior U.S. law enforcement officials revealed that the suspect in todays National Guard shooting used a handgun in the attack, and his identity has been preliminarily identified as an Afghan man.According to the New York Times, the United States has ordered its diplomats in Europe, Canada, Australia, and New Zealand to pressure governments to restrict most immigration.

Ukraine Will Block A Crucial Russian Gas Transit to Europe, Blaming Russia

Charlie Brooks

May 11, 2022 09:46

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Ukraine said on Tuesday that it will cease the flow of gas via a transit point that, according to Kiev, sends over one-third of the fuel piped from Russia to Europe through Ukraine. Kiev blamed Moscow for the action and said it would redirect the flows elsewhere.


Even after Moscow's invasion, Ukraine has remained a significant transit route for Russian gas to Europe.


The operator of Ukraine's gas infrastructure, GTSOU, has declared "force majeure" and will cease shipments through the Sokhranivka route as of Wednesday. "Force majeure" is a provision triggered when a firm is affected by circumstances beyond its control.


However, Gazprom (MCX:GAZP), which has a monopoly on Russian gas pipeline exports, said that it was "technologically impossible" to move all volumes to the Sudzha connecting point farther to the west, as GTSOU requested.


GTSOU CEO Sergiy Makogon told Reuters that Russian occupation troops have begun transporting gas flowing through Ukraine to two rebel territories supported by Russia in the country's east. He failed to provide proof.


The company stated that it was unable to operate at the Novopskov gas compressor station due to "the interference of the occupying forces in technical processes," adding that it could temporarily redirect the affected flow to the Sudzha physical interconnection point, which is located on Ukrainian territory.


Ukraine's suspension of Russian natural gas shipments via the Sokhranivka route should have no effect on the local Ukrainian market, according to Yuriy Vitrenko, the president of the state-owned energy business Naftogaz.


The national gas company of Moldova, a tiny country on Ukraine's western border, said that neither GTSOU nor Gazprom had notified them of a supply interruption.


Russian army and separatist militants have controlled the Novopskov compressor station in the Luhansk area of eastern Ukraine since shortly after Moscow launched a "special military operation" in February.


GTSOU said that it is the first compressor in the Ukraine gas transit system in the Luhansk area, the transit route for about 32,6 million cubic metres of gas per day, or a third of the Russian gas transported to Europe through Ukraine.


To fulfill its "transit responsibilities to European partners in full," GTSOU said that it will "temporarily move unavailable capacity" to the Sudzha interconnection point.


Gazprom said it had received information from Ukraine that the nation will cease gas transit to Europe through the Sokhranivka interconnector at 7:00 a.m. on Wednesday local time.


The Russian corporation said that it observed no evidence of force majeure or impediments to business as usual. Gazprom emphasized that it was fulfilling its commitments to European gas purchasers.


As punishment for the invasion of Ukraine, the United States has pushed other nations to reduce their reliance on Russian energy and has prohibited Russian oil and other energy imports.


Ned Price, a spokeswoman for the U.S. State Department, said that Tuesday's declaration does not alter the "as soon as feasible" schedule for reducing global dependency on Russian oil.

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