East European Countries

A fire broke out at an oil depot in the city of Feodosia on the Crimean coast of the Black Sea, Russianappointed authorities in the Crimean Peninsula that Moscow annexed from Ukraine in 2014 said on Monday. There were no casualties, Oleg Kryuchkov, a consultant to the Russian-installed head of Crimea, composed on the Telegram messaging app, pointing out the head of the Feodosia administration. There was no detail offered on what had triggered the fire. The Baza Telegram news channel, which has sources amongst Russia's. security services, reported that a number of fuel tanks were on fire. in Feodosia...

Firemens put out a huge blaze at a fuel depot in Russia's Ural mountains on Friday, and a series of drone strikes were reported in locations close to the Ukrainian border, among which likewise began a little fire at a. fuel depot. The emergency situations ministry said it was still investigating the. cause of the fire in the Perm area, which remains in the Ural. mountains 1,500 km (950 miles) away from the Ukrainian fight. zone. Individually, Russia's Defence Ministry said in a. statement that its air defences had shot down or intercepted 18. Ukrainian drones overnight, consisting of six...

Proceeds from oil and gas sales for Russia's federal budget in September edged down by about 0.9% from August to 771.9 billion roubles ($ 8.13 billion),. financing ministry information revealed on Thursday. That was broadly in line with a Reuters projection of constant. profits on a regular monthly basis. The proceeds were up 4.3% from the same month in 2023 and. leapt 49.4% year on year for the very first nine months of the year. to 8.33 trillion roubles. Oil and gas income has been the most essential source of. cash for the Kremlin, accounting for about a third to...

Greece's prime minister has actually asked the EU to urgently respond to skyrocketing power rates in central and eastern Europe, which Athens stated are being worsened by Russian attacks on Ukraine's energy facilities. In a letter to the European Commission, seen , Kyriakos Mitsotakis asked Brussels to develop a bloc-wide regulator with powers to examine energy markets throughout the EU, and urged the Commission to support cross-border facilities projects to move power between countries. Power prices in Greece more than doubled from 60 euros per megawatt hour in April to 130eur/MWh in August, the letter stated. We can not explain...

Russia's offline main oil refining capability in September is set to leap 34% from August, according to Reuters calculations based on data from industry sources, owing to technical failures, Ukrainian drone attacks and seasonal upkeep. Offline capability is seen at 3.87 million metric loads this month, or 14.5% of Russia's total oil refining abilities. That is up from 2.95 million tons in August. An increase in idle refining capacity normally helps with crude oil exports. Market sources informed Reuters on Thursday that Russia's crude oil filling strategy from the Baltic ports of Primorsk and Ust-Luga for September was modified higher...

China's imports from Russia in August swung back to contraction, Chinese custom-mades data showed on Tuesday, as payment obstacles weighed on trade. Yuan-denominated imports from Russia fell 1.08% last month from a year previously, compared to a 4.5% gain in July, according to China's General Administration of Customs information. Reuters last month reported that some Russian companies saw growing hold-ups and rising costs on payments with trading partners in China, mentioning Russian sources with direct knowledge of the issue. China's exports to Russia, nevertheless, rose 10.05%, reversing the fall of 3.75% in the previous month. The rate of growth was...

The Kremlin said on Monday that German Chancellor Olaf Scholz was best to want a comprehensive examination into a 2022 attack on the Nord Stream gas pipelines in spite of what it stated were attempts by some Western powers to hush up what actually took place. Scholz stated in an interview with German television over the weekend that Berlin's investigation would ensure that nothing was hidden and do its best to make sure that those responsible for the blasts were penalized. Moscow has consistently grumbled that Germany has actually not been doing enough to examine the surges, which in September...

Russian President Vladimir Putin stated on Thursday that he was grateful to Saudi Arabia's Crown Prince Mohammed bin Salman for assisting to arrange the greatest U.S.-Russian prisoner swap since the Cold War. U.S. reporter Evan Gershkovich and ex-U.S. Marine Paul Whelan went back to the United States on Aug. 1, hours after being freed from Russian detention in the most significant detainee exchange between the 2 nations considering that the Cold War . The swap deal, worked on in secrecy for more than a. year, involved 24 detainees - 16 moving from Russia to the West. and 8 returned to...

Russia has actually grumbled to Germany over its investigation into the 2022 surges of the Nord Stream pipelines, RIA news agency reported on Monday, after a secret suspect left arrest in Poland. German media reported recently that German district attorneys had identified a Ukrainian diving trainer as an essential suspect in the Nord Stream sabotage attack and provided a warrant to jail him in Poland. Poland got the German warrant however the suspect has left the nation as Germany stopped working to include his name in a database of wanted persons, Polish district attorneys told Reuters. Moscow thinks the German...

Debris from a destroyed Ukrainian drone triggered a diesel fuel fire at an industrial storage facility in Russia's Rostov area, the guv of the southwest Russian area stated on Sunday. Firefighting units were employed to put out the fire, Guv Vasily Golubev said on the Telegram messaging app. Russia's defence ministry said on Telegram that its air defence units ruined two Ukraine-launched drones over Rostov overnight. In a separate post on Telegram, Golubev stated that nobody was injured in result of the attack that happened in the Proletarsk district of the region. Baza, a Telegram channel near Russian law enforcement,...

China's imports from Russia in July increased after two months of decline, custom-mades data showed on Wednesday, despite U.S. sanctions on banks making complex bilateral trade payments. Imports from Russia rose 4.5% in yuan terms from a year previously, reversing falls of 6.7% in June and 2.2% in May, according to General Administration of Customs data. Western sanctions prohibit the delivery of dual-use items to Russia that might be utilized to sustain the war in Ukraine. China's desire to do company with Russia has extended an economic lifeline to Moscow. The neighbours have actually been pushing for closer financial cooperation...

Austrian oil and gas group OMV reported a secondquarter changed operating result listed below expectations on Wednesday, weighed down by a lower earnings in its energy company. The Vienna-based business said its operating earnings, adjusted to get rid of one-off impacts and inventory gains or losses, rose 4%. to 1.23 billion euros ($ 1.33 billion) in the quarter, 4.5% below. the typical price quote of 1.29 billion euros in a company-provided. survey of experts. OMV warned earlier this month that the energy department, its. greatest by revenues, had actually been struck by legislative changes in. Romania throughout the second quarter....

The Czech antimonopoly workplace UOHS has been looking into prospective anticompetitive collusion of electricity manufacturers CEZ, EPH and Veolia Energie in a federal government auction for state help for developing power plants, UOHS said on Tuesday. News site www.seznamzpravy.cz reported UOHS was looking into whether the three business coordinated bids in the auction implied to choose business to develop gas or biomass power and heat plants as part of a decarbonisation drive. I can validate that UOHS is dealing with this matter, a. UOHS spokesperson said when asked to comment on the report,. confirming the 3 business were included. He...

The Polish federal government is working on ways to freeze energy bills next year, Prime Minister Donald Tusk said on Saturday, as electricity costs remain a. major inflation danger for eastern Europe's greatest economy. Poland topped power expenses for vulnerable consumers in 2022. to reduce the impacts of soaring energy rates, and has been. paying settlement to balance out costs to power utilities. The. procedures remain in location until the end of this year. I have actually asked the financing minister to urgently present a way. to freeze energy rates next year, Tusk stated. Ministers have actually made a dedication...

The Czech anti-monopoly office UOHS put a short-lived block on the conclusion of a contract with South Korea's KHNP for the building and construction of a new nuclear power system following difficulties by Westinghouse and EDF. UOHS stated that the initial measure to restrict the conclusion of the contract was not indicative of how the case will be chosen and was standard operating procedure in such a case. The measure follows the office began official proceedings work in September on appeals from U.S. group Westinghouse and France's EDF versus the nation's option in July of Korea Hydro & & Nuclear...

Czech electricity producer CEZ will take a minority stake in RollsRoyce SMR to take part in the little nuclear reactor technology's rollout in Britain, the Czech Republic and beyond, the companies stated on Tuesday. CEZ will take around 20% stake in Rolls-Royce SMR pending regulatory approvals, and plans to install up to 3 gigawatts of capacity in small nuclear plants made by the organization, the companies said in a statement. Little reactors are being developed by significant global nuclear energy suppliers with the aim of producing an easily replicable power plant technology that would be faster and simpler to release...

Slovenian lawmakers on Thursday voted to cancel a referendum on developing a new nuclear plant after environmental groups and specialists submitted complaints questioning its legality at the constitutional court. The new JEK 2 plant was because of be built next to Slovenia's existing Krsko nuclear power plant, which is jointly owned by Slovenia and Croatia and meets about 20% of the electrical energy demand in Slovenia and 16% in Croatia. Sixty-nine MPs in the 90-seat parliament voted to cancel the public referendum, one protested and one avoided ballot. The referendum had actually been because of occur on Nov. 24. Earlier...

Ukraine's consumer inflation rose to 8.6% yearonyear in September driven by rising energy prices, higher company costs, and a lower harvest, the statistics service said on Thursday. Inflation was 7.5% year-on-year in August. The stats service stated in a statement that regular monthly inflation was at 1.5%. in September. The stats data revealed that September inflation was. driven by an increase in utilities tariffs and higher electricity. rates. Ukraine's power sector remains in crisis due to magnified. Russian barrages of the energy facilities. Frequent Russian missile and drone attacks have knocked out. about half of Ukraine's energy-generating capability since March....

The present conflict in between Russia and the West over Ukraine is unparalleled in history and an error might cause disaster, a senior Russian diplomat stated on Thursday when inquired about comparisons to the 1962 Cuban Missile Crisis. The 2-1/2- year-old Ukraine war, the most significant land war in Europe given that World War 2, has set off a significant conflict between Russia and the West, and Russian officials say it is now entering its most unsafe phase to date. Russian diplomats have formerly invoked comparisons to the 1962 crisis when the Cold War superpowers are considered to have actually...

Slovakia's Prime Minister Robert Fico stated on Friday he will talk about plans to develop a new nuclear power system during a see to South Korea as the government sounds out prospective bidders. Slovakia is wanting to construct a new nuclear power system of up to 1,200 megawatts (MW) at its Jaslovske Bohunice plant. The economy and finance ministries are because of send strategies to the federal government by the end of October. In July, Slovakia's. neighbour the Czech Republic picked South Korea's KHNP over. French group EDF to build brand-new nuclear power blocks. Fico said he hoped his check...

Poland's most significant power utility PGE prepares to end production of electricity in the 4 staying coalfired systems at its Rybnik power plant by the end of 2025, Polish Press Firm reported on Thursday, citing a business authorities. The units, with a combined power capability of 900 megawatts ( MW), have capacity market agreements that run until the end of 2025. Coal dominates Poland's electricity generation but state-controlled energies are facing falling success of coal-fired generation as they broaden their renewable capability and face banks' reluctance to fund coal assets. PGE has already phased out 4 coal fired units at...

Russian and Malian authorities on Thursday went over joint lithium and solar jobs in Mali, the West African nation's Minister of Economy and Finance Alousseni Sanou stated at an event in Moscow. Mali's mines ministry said in July it had signed a. memorandum of comprehending with Uranium One Group, a subsidiary. of Russian state nuclear company Rosatom, to develop a lithium. project in the southern location of Bougoula. We have actually given all the legal documents, the expediency tool. is underway. And I believe that within 24 months the unit will be. able to start the very first lithium production...

Management at the Russianheld Zaporizhzhia nuclear power plant in eastern Ukraine implicated Ukrainian forces on Friday of launching a drone attack on a. nearby electrical energy substation and presenting a danger to the plant. Russian forces seized the Zaporizhzhia plant, Europe's. largest with six reactors, in the early days of Moscow's. February 2022 intrusion and each side has actually considering that regularly accused. the other of staging attacks that endanger security. A drone strike by the Ukrainian armed forces harmed a. transformer at the Zarya substation located right beside the. perimeter of the Zaporizhzhia station, the Russian management. said in...

The following are the top stories in the Financial Times. Reuters has actually not validated these stories and does not guarantee their accuracy. Headings - Rolls-Royce wins pioneering offer to develop small nuclear plants in Czech Republic - Teamsters withhold endorsement as survey reveals members favour Donald Trump - UK examines prepare for 'not for EU' meat and dairy labelling - IMF scraps mission to Moscow after objections from Kyiv's. allies Introduction - Rolls-Royce is on course to secure the first order. from a European government to develop a fleet of tiny nuclear. reactors after being picked as the favored...