“The main installations have been completed, the shut-off valves have been installed, so we can assume that the project will be completed by the end of 2019,” said project spokesman Jens Müller. Source: The Local Deutschland
Trade Cooperation
Austria has mulled over the possibility of new sanctions against Russia due to the detention of three Ukrainian Navy vessels that sailed toward the Kerch Strait in what Moscow has described as an unequivocal provocation committed in violation of international law. At a secret meeting of the Political and Security Committee in Brussels on Tuesday, French and German diplomats spoke out against stepping up existing EU sanctions against Russia in light of the growing rift between Moscow and Kiev over the Kerch Strait incident. Source: Sputnik
Kosovo Prime Minister says taxes on imports from Serbia and Bosnia will rise from 10 to 100 per cent immediately – a day after Serbia hailed the failure of its bid to join Interpol. Source: Balkan Insight
Russia may launch settlements with Iran in national currencies in order to continue bilateral cooperation despite the US sanctions against Tehran, Russian Energy Minister Alexander Novak said in an interview with the Anadolu news agency on Sunday. Source: TASS
Tehran has expressed hope that the Iran nuclear deal can be saved despite the US pulling out of the agreement. Iran’s statement came during a visit of the British foreign minister to Iran. Source: Deutsche Welle
China said it will continue pursuing negotiations with Canada on a free-trade deal after assurances that a recently settled North American trade agreement would not stop Ottawa from signing deals with other countries. Source: South China Morning Post
The nation’s lawmaking body approved the Comprehensive and Progressive Agreement for Trans-Pacific Partnership on Monday, following Australia’s ratification on October 31. Source: South China Morning Post
That the Russians and Belarusians are invading Kazakhstan right now is no wonder at all: the subversives, protesting against higher gas and fuel prices, also demanded that Kazakhstan abandon all alliances with Russia and that both President Tokayev and the government resign immediately. Moscow cannot put up with such political demands. Kazakhstan is a major oil and gas producer and also supplies about 40 per cent of the world’s uranium. Kazakhstan is home to a number of first-class mining companies: Lukoil from Russia, CNPC from China, Chevron and ExxonMobil from the USA, Shell from the Netherlands, ENI from Italy, and Total from France. Insofar as oil and gas extraction has been allowed to the foreign corporations, uranium extraction remains in Kazakh hands. It is a tasty morsel for all the countries that talk so much about green energy at the moment, but in fact are preparing for the future that will be based on nuclear energy. After all, Russia’s nuclear missiles and power plants, Baikonur and space presence depend on Kazakhstan.
Rioters topple statues of Nursultan Nazarbayev, the “Elbasy”, the father of the nation, as Nazarbayev is called for life, the man who once guaranteed friendly relations with Moscow as long as he was honorary chairman of the Security Council. The Nazarbayev-Tokayev tandem has been uneasy for some time, however, and now the Father of the Nation left his fatherland aboard the private plane of his son-in-law Timur Kulibayev, a billionaire and one of Kazakhstan’s richest men. We know such stories from different countries. Main characters: oligarchs serving foreign capital. Behind the protests could be Mukhtar Ablyazov, another controversial oligarch who is at odds with the current government team in Kazakhstan and who used to live permanently in Paris, but is now in Kiev. Please note: in Kiev. If you think about the role of the oligarchs in the upheavals in Ukraine in recent years and at present, it will immediately become clear to you that this is an attack by the West, namely the USA and Ukraine, who want to “facilitate” the forthcoming talks between Biden and Putin with a blow to the “soft underbelly” of Russia, i.e. Kazakhstan.
Tokayev has also taken advantage of current events domestically to remove the government that was loyal to Nazarbayev and especially Abish Satidbaldila, the former president’s “man” who was deputy chairman of the Public Security Committee. As a result, Tokayev took full power, which enabled him to get rid of Nazarbayev painlessly. From Moscow’s point of view, what happened is actually a palace revolution, a shock. Not only because, as it turned out, in practice there is no ironclad guarantee of life for the former head of state, but also because Putin has been demonstrably respectful towards Nazarbayev and somewhat, perhaps even more, disrespectful towards Tokayev. At the recent CIS summit in St. Petersburg, he met with “Elbasy” and found no time to talk to the current president. It is likely that if a new government is formed, relations with Moscow will be different and probably more difficult for Russia.
The Western world is enthusiastic about the revolution and interprets what is happening on the streets as a struggle against dictatorship and for democracy, but it seems to me that this perspective is misleading and that it is worth looking at the situation in Kazakhstan from a different, non-European angle. We tend to see the roots of the revolutionary events in the bad mood related to poverty and the lack of reforms in the authoritarian state, which drives people to the extreme and to the streets. Apart from what can be seen with the naked eye and what is difficult to question, there is an even deeper level, which is the logic of the people living there. In any Central Asian society, clan and family relations are more important than political divisions or material differences.
OPEC+ headed for a clash with the U.S. as more members rejected President Joe Biden’s call for the group to raise oil production faster and help reduce gasoline prices. On Monday, Kuwait said the cartel should stick with its plan to increase output gradually because oil markets were well-balanced. That followed similar statements from other key members in recent days, including Iraq, Algeria, Angola and Nigeria. Source Al Jazeera
“If a state buys (weaponry) from us, it’s no longer a Turkish product. It might be manufactured in Turkey, but it belongs to Ukraine,” Cavusoglu told reporters after meeting his Russian counterpart, Sergei Lavrov, on the margins of the G20 summit in Rome. “Turkey cannot be blamed for this,” he said. Source The Defence Post
Bulgaria has sent 350 additional military personnel to its border with Turkey amid rising migration levels. Defense Minister Georgi Panayotov told Bulgarian media that the troops were arriving to “support the border police”. Source EuroNews
Russia is warning Turkey over arms sales to Ukraine after a Turkish-made drone attacked Russian-backed rebels in Ukraine.
A Kremlin spokesman has warned that Turkey’s ongoing arms sales to Ukraine threaten to destabilize the region. Source VOA
A police patrol was attacked by three individuals this Wednesday evening in a street east of Lille (North). The perpetrators managed to escape. Was a Lille police crew the victim of an ambush around 8:40 p.m. Wednesday evening? The police were called for three hooded individuals who were stealing tires in the rue Massenet. Once there, they found no one. Source Actu17
Police officers were targeted by gunfire in Lyon this Monday evening, in the district of La Duchère. There are no injuries to deplore. The author (s) are actively sought. The police from the RAID branch are on site as reinforcements. Source Actu17
France: Night of urban violence in the district of Perseigne in Alençon (Orne). About fifteen vehicles were set on fire. The police and firefighters came under firework mortar fire and projectile jets. Source Actu17
Poland must pay daily fines of €1 million over its controversial judiciary reforms, the European Union’s Court of Justice (ECJ) has ruled. The penalty is believed to be the highest ever imposed on a member state. The punitive measures will be in place until Warsaw agrees to comply with an ECJ ruling issued back in July that ordered the immediate suspension of the disciplinary chamber of judges of the Supreme Court and the reversal of the decisions it had already taken on the lifting of judicial immunity. The chamber can punish magistrates according to the content of their resolutions. Source Euronews
Maréchal, who runs the Institute of Social, Economic and Political Sciences in Lyon, claims that Kosovo has been colonized by Albanian Muslims for years. Commenting on the great arrival of Muslims in France, from the countries that were once occupied and ruled by France. Maréchal said that it could change history. Source B92
Germany, Finland, the Netherlands, Portugal and Slovenia said their EU-wide initiative to expand the bloc’s military units was inspired by recent events in Afghanistan. Source DW
The answer is not easy. Bill Gross, the founder of Pimco and “king of government bonds”, predicts that the yield on US 10-year bonds will rise to 2% next year. This would mean the 3% loss for investors at the current inflation rate. The dynamics of demand and supply also point to the further fall in the prices of US government bonds (rise in yield). Today, the FED is buying 60% of all US bonds as part of its quantitative easing, but will soon have no choice but to reduce the scale of US bond purchases in the face of inflation. At the same time, China, Russia are massively dumping these debt securities. So should one invest in equities? Now, when their prices are shooting through the roof? After all, shares can turn out to be rubbish if companies’ profits don’t want to rise as they have in recent years. With today’s inflation, it’s not worth holding cash either. The situation is becoming dramatic.
If you want to learn more, if you are looking for tips for your investments, please read recommendations and warnings for investors in our bulletins.
President Vladimir Putin told Gazprom PJSC to turn to refilling European gas-storage facilities next month, signaling that long-awaited additional Russian supplies could be on the way. The move will “create a more favorable situation on the European energy market,” Putin said at a meeting broadcast on state television Wednesday. Source Al Jazeera
The chaos in gas and electricity markets is set to hit one group of people the hardest this winter: the four million households that use prepayment meters (PPMs).
While most people pay their bills monthly for energy they have already used, PPMs require people to pay for energy before they use it. PPMs take whatever money is in the meter and supply energy to the household. Source Open Democracy
Russia’s Gazprom has damped hopes for additional gas exports to Europe next month as the continent struggles with record prices, despite recent hints from President Vladimir Putin that more could be forthcoming.
UK and European gas prices surged as much as 18 per cent on Monday after a keenly awaited pipeline capacity auction showed no increase from Russia either through the Ukrainian pipeline system or lines passing via Poland to north-west Europe. Source FT
As of Sunday, the national price of a litre of Diesel was €1.555, according to the European motor association ADAC. This is just above the previous record price of €1.554 per litre set on August 26th, 2012. Source The Local
French ministers floated the possibility of petrol vouchers for low-income households on Monday, as President Emmanuel Macron’s government seeks to limit the damage from surging energy prices to his economic record six months from a presidential election. Source France24
Skoda started a two-week cut in output on Monday as the Czech brand contends with the global shortage of chips and other components, the company said. The Volkswagen Group unit wants to complete 10,000 unfinished cars during the outage, which will leave only one production line running, a spokesman said. Source Automotive News
“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
Soaring gas prices are forecast to drive a switch to oil and put more energy suppliers in Britain out of business, while industry groups called on Thursday for government action to ensure there is no supply interruption this winter. Source GCaptain
