The failure to sell the factory was attributed to the burden of OPP’s debt to Ostchem, and to a conflict with the company Nortima, allegedly controlled by controversial billionaire Ihor Kolomoisky. The failure to sell OPP was a setback for the Ukrainian authorities, who consider the sale of OPP as a landmark event that would send a message to investors globally that transparency is being introduced into Ukraine’s economy. Source BNE IntelliNews
“What is happening today in the energy markets of Europe is, to a certain extent, a man-made result of short-sighted policy,” the Russian President added Source TASS
India is facing an impending energy crisis as several states saw coal-fired power plants shut down due to a coal shortage. Major cities such as the capital New Delhi experienced electricity cuts that ran for hours over the weekend. Source DW
India is grappling with an escalating crisis as stockpiles of coal, the fuel used to generate about 70% of the nation’s electricity, dwindle to the lowest in years just as power demand is set to surge. Source EconomicTimes
