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A senior Iranian official said that Iran is actively reviewing its participation in peace talks with the United States, but no final decision has been made yet.On April 20, Russian Foreign Minister Sergey Lavrov stated at a meeting of the Council of the Parliamentary Assembly of the Collective Security Treaty Organization (CSTO) that NATO is "in crisis," and Europe is discussing the formation of a new military bloc, potentially including the EU, the UK, Norway, and Ukraine. Lavrov pointed out that Russia views the CSTO as a pillar of the future Eurasian security architecture. He noted that the West is increasingly using force and employing neo-colonial tactics, while the CSTO will not deviate from international law. He recalled that the CSTO had actively advocated dialogue with NATO and promoted mechanisms for building trust and increasing transparency within the framework of the OSCE, but NATOs attitude towards the CSTO has been "consistently extremely arrogant." Lavrov also stated that the escalating military operations in the Middle East could impact the CSTO region. He believes that those supporting the chaos in the Middle East intend to create division within the Islamic world, and stated that, based on the map, the possibility of establishing a Palestinian state is becoming increasingly slim.On April 20, 2026, during the IMF/World Bank Annual Meetings from April 15 to 17, 2026, Governor Pan Gongsheng of the Peoples Bank of China met separately with senior European officials, including the Governor of the Bank of France, De Gallo; the UK Minister of State for Economic Affairs and Minister for the City of London, Rigby; the EU Financial Affairs Commissioner, Albuquerque; and the European Stability Mechanism (ESM) President, Gramenia, to exchange views on the economic and financial situation between China and Europe and on China-EU financial cooperation. Simultaneously, Governor Pan also met separately with senior officials from emerging economies and developing countries, including the Governor of the Central Bank of Brazil, Gallipoli; the Governor of the Bank of Korea, Lee Chang-yong; the Minister of Economy of Argentina, Caputo; the Governor of the Central Bank of Argentina, Bahili; the Minister of Finance of Pakistan, Holangzeb; the Governor of the Central Bank of Pakistan, Ahmed; the Governor of the Central Bank of Sri Lanka, Wirasimha; and the Governor of the Central Bank of Libya, Issa, to exchange views on the global economic situation and deepening practical financial cooperation. In addition, President Pan Gongsheng met separately with SWIFT Global CEO Tasso and Bank of America International President and Merrill Lynch CEO Mensah, among other senior executives of financial institutions, to exchange views on global economic conditions and financial market dynamics.According to the Wall Street Journal, Adobes (ADBE.O) AI assistant will help boost customer engagement and sales. Adobe will collaborate with Microsoft, Anthropic, OpenAI, and Nvidia.Adobe (ADBE.O) shares rose more than 4% in pre-market trading.

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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