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On June 19, the Afghan Ministry of Defense claimed that its air force had conducted airstrikes overnight on multiple hideouts in neighboring Pakistans Khorasan province used by the extremist group ISIS. Pakistan denied the claims on the same day. The Afghan Ministry of Defense issued a statement on social media stating that all pre-selected high-value targets in the operation were hit; these targets were located in Pakistans Balochistan and Khyber Pakhtunkhwa provinces. The locations were "used to plan and coordinate attacks against Afghanistan." Pakistans Ministry of Information and Broadcasting issued a statement on June 19 denying the claims. The statement said that a drone from Afghanistan violated Pakistani airspace in the Khyber region, and was identified and immediately shot down by the Pakistani Air Forces early warning and defense system. The statement also claimed that ISIS camps and several other terrorist organizations are actually located within Afghan government-controlled areas and are funded and operated by personnel within the Afghan government.On June 19th, the Guangdong Provincial Peoples Government issued a notice titled "Implementation Plan for Promoting the Expansion and Quality Improvement of the Service Industry in Guangdong Province." The plan outlines the construction of an AI-enabled software information service system, the vigorous development of general-purpose and industry-specific large-scale models, and the promotion of key businesses such as AI programming, digital marketing, and gaming and entertainment. It also aims to incubate and cultivate AI+software ecosystem unicorn companies. Furthermore, the plan calls for the in-depth implementation of core software development projects, focusing on basic software and industrial software in key areas, organizing major scientific and technological research, and achieving breakthroughs in key core technologies.The Central Bank of Russia stated that it will assess the necessity of further interest rate cuts at its upcoming meeting.The Central Bank of Russia cut interest rates by 25 basis points, while the market had expected a 50 basis point cut.On June 19th, the Guangdong Provincial Peoples Government issued a notice regarding the "Implementation Plan for Promoting the Expansion and Quality Improvement of the Service Industry in Guangdong Province." The plan includes implementing a tiered cultivation plan for internet enterprises, establishing a full-cycle cultivation system, fostering a group of backbone enterprises with a value exceeding 10 billion yuan, and striving to create world-class internet enterprises with a value exceeding one trillion yuan. It also aims to build a new highland for the digital content industry, create digital cultural IPs with national influence, accelerate the construction of smart audiovisual cloud industrial parks, support the innovative development of platforms such as internet music, live streaming, long and short videos, and online games, and cultivate new business models such as immersive experiences and virtual digital humans. Furthermore, it promotes the digital upgrade of life services, facilitates AI-enabled life service scenarios, and creates a nationwide AI-driven vertical life service platform.

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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