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On May 23, local time, the Iranian military issued a statement emphasizing its readiness to launch a resolute and comprehensive counterattack against any invasion by the enemy.On May 23, Ukrainian President Volodymyr Zelensky signed a presidential decree imposing sanctions on the Russian "shadow fleet" and Russian personnel involved in the missile attacks on Ukrainian territory. The package of sanctions was adopted by the Ukrainian National Security and Defense Council. One resolution targets the Russian "shadow fleet," involving 29 civilian merchant ships that provide supplies and troop deployments to the Russian military. Most of these ships are already under sanctions by the US, EU, and UK, and are considered by many international parties to be part of Russias military logistical support capacity. Western countries accuse Russia of using commercial vessels such as oil tankers to evade Western sanctions, referring to these vessels as the "shadow fleet." Another sanctions resolution involves 127 Russian personnel who were directly involved in the missile attacks against Ukraine, targeting key infrastructure and civilian facilities within Ukraine, causing serious damage to local livelihoods, social order, and the safety of peoples lives and property.On May 23, the joint China-Nepalese scientific expedition team successfully summited Mount Everest from the Nepalese side and conducted scientific sampling work, including ice core drilling, completing the first-ever drilling of a complete ice core sample from the summit of Mount Everest. Currently, all expedition members have safely descended to the Everest South Base Camp, having collected ice and snow core samples at multiple altitudes during the descent. The samples will be transported to the laboratory according to cryogenic preservation requirements for research on climate and environmental changes, cryosphere changes, and high-altitude atmospheric environmental records in the worlds highest region.On May 23, Changqiao Securities issued further clarification regarding recent regulatory matters concerning cross-border securities business in China. Changqiao Securities stated that the Hong Kong Securities and Futures Commission (SFC) and the China Securities Regulatory Commission (CSRC), among other mainland regulatory authorities, have recently issued new regulatory requirements for cross-border securities business, establishing unified industry-wide standards for related services to mainland investors. These regulatory rules apply to all overseas financial institutions. Changqiao is actively responding to the regulatory guidelines from both regions and will strictly adhere to the relevant requirements to steadily advance its compliance work. Changqiao Securities stated that the scope of accounts targeted for this regulatory cleanup is limited and clearly defined, primarily targeting two types of accounts: investment accounts opened using suspicious or forged documents, and investment accounts with zero balances and no activity. Normal, compliant client accounts with genuine assets and holdings are not within the scope of this cleanup. Changqiao firmly supports the regulators zero-tolerance attitude towards fraudulent account openings and will strictly handle such cases in accordance with regulatory requirements.The General Staff of Ukraine stated that Ukraine attacked Russias Seshkalis Black Sea oil terminal and the nearby Grushnova oil depot.

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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