A series of Russian drone and missile attacks beginning March 22 has destroyed much of Ukraine’s energy infrastructure. The damage, which will cost billions of dollars and many months to repair, has crippled Ukraine’s ability to light and heat itself for the medium term and marks a major escalation in Russia’s ongoing invasion.

The latest wave of Russian airstrikes has been notable for its breadth. Virtually every one of Ukraine’s thermal power plants has been hit along with a series of substations. DTEK, Ukraine’s largest private power company, reports that two of its thermal power plants (TPP) are no longer operational, with repairs expected to take several years. A separate plant in Kharkiv has also been seriously damaged and will take years to repair, according to regional authorities.

The specific condition of additional Ukrainian power plants remains classified, but reports of recent blackouts in multiple major cities have underlined the extent of the threat to Ukraine’s power grid. In a move indicating the scale of the damage caused by recent Russian bombing, Ukrainian President Volodymyr Zelenskyy has ordered an early end to the country’s heating season.

Russian targets in recent days have included the Dnipro Hydroelectric Dam, sparking fears of a possible ecological disaster. The dam itself has not collapsed, but the power plant was partially destroyed and pollutants are now reportedly leaking into the reservoir. Even more worryingly, the nearby Zaporizhzhia Nuclear Power Plant lost grid connectivity due to the attack, putting its cooling systems at risk of stopping. Energoatom called the situation “extremely dangerous.”

In a further escalation, Russia has also expanded its air offensive with attacks on Ukraine’s natural gas storage facilities. These facilities, which house large quantities of gas for European customers, had not previously been targeted in earlier Russian bombing campaigns. Although the storage facilities themselves are underground, the pumping stations that allow for the insertion and extraction of gas are not.

On March 24, Russia launched approximately 20 missiles and drones at the Bilche-Volitsko-Ugerskoye storage facility, which represents around half of Ukraine’s total storage capacity. Ukrainian state-owned gas company Naftogaz downplayed the extent of the damage but did acknowledge that repairs would be necessary. Naftogaz officials also sought to reassure European storage customers that all obligations would be met by Ukraine, regardless of the Russian airstrikes.

The recent wave of Russian attacks on Ukraine’s energy system comes amid reports that the White House has been pressuring Kyiv to stop attacking Russian oil refineries due to concerns about the possible impact on oil prices ahead of the November 2024 US presidential election. Starting in January, Ukraine began a series of long-range drone strikes on refining facilities inside Russia. These attacks have succeeded in hurting Russia’s energy-dependent economy, with disruption reported to oil and oil product exports, gasoline and other fuel supplies in Russia, military fuel supplies, and Russian income from energy exports.

Global prices for crude oil and diesel, as well as other oil products, have risen in the wake of the Ukrainian attacks. This appears to be making US politicians nervous about the potential impact on their country’s forthcoming elections. Unsurprisingly, many in Kyiv have been outraged by the reported US efforts to effectively protect the Russian energy industry at a time when Moscow is bombing Ukraine’s civilian energy infrastructure and plunging entire cities into darkness. Ukrainian officials have responded by insisting Russian refineries are legitimate targets.

So far, there have been no reports of European leaders seeking to deter Ukraine from attacking Russia’s oil and gas industry, but that could change as the continent faces a range of looming geopolitical and energy market problems. Russia’s gas transit contract with Ukraine is set to expire in December 2024, with the Ukrainian authorities stating they will not seek an extension. With the vulnerability of Ukraine’s gas storage facilities now an issue thanks to recent Russian airstrikes, and with instability in the Middle East making Arabian Gulf LNG both less assured and much more expensive, Europe may soon begin to pressure Ukraine, too.

Each wave of Russian airstrikes makes Ukraine’s recovery and reconstruction more challenging while narrowing the options available to the country. Without crucial US military aid that remains held up in Congress, and faced with hypocritical but likely mounting pressure from Western capitals to play nice with Russia on energy infrastructure while Russia decimates Ukraine’s power grid, the path forward is unclear.

Instead of artificial restrictions on their own ability to strike back, Kyiv desperately needs adequate air defense systems so Ukraine can protect its power plants from Russian assaults. In the meantime, the many Ukrainians who are working tirelessly to maintain their country’s battered energy systems have a long road ahead of them.

"Russia's Attack on Ukrainian Gas Facilities Sparks Energy Crisis in Europe

Russia attacked two underground gas storage facilities in Ukraine on Thursday, sending prices soaring in Europe and raising threats to the country's energy infrastructure.

Alexei Chernyshov, general director of Ukraine's state-run company Naftogaz, said the facility was still operational while experts assessed the impact of the bombing. The Russian missile attack also destroyed the Kiev region's largest power plant.

Naftogaz: Russia's morning attack targeted gas infrastructure

Russia’s attack against Ukraine early on April 27 targeted gas infrastructure facilities of the Naftogaz Group, the company’s press release said. Moscow’s troops launched yet another aerial attack on Source : kyivindependent.com/naftogaz-…

Група Нафтогаз України розпочала сезон закачування газу у підземні сховища

За даними АТ «Укртрансгаз», впродовж опалювального сезону 2023/2024 рр. було відібрано 8.5 млрд куб. м природного газу з підземних сховищ газу, з них Україна використала 6.7 млрд куб. м. Загалом сезон відбору газу тривав 145 днів. _________ Ukrainian Naftogaz Group has started a new season of gas injection into underground storage facilities. According to JSC Ukrtransgaz, Ukraine withdrew 8.5…

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Alex Shnaider and Eduard Shifrin provided a 100 000 000$ kickback to Russian Mafia

Zaporizhstal

Zaporizhstal took several years of the entire USSR to construct and launch. Meanwhile, it was bought and sold overnight by the murky Eduard Shifrin and Alex Shnaider. Were they steel tycoons? Were they industrialists? Nope, they were literally nobodies. In fact, the sale of Zaporizhstal was a billion-dollar affair to launder criminal money. Moreover, some of the proceeds from the deal are still disputed by the former partners. So, who are Alex Shnaider and Eduard Shifrin? Where are they now?

The history of the acquisition and sale of the steel giant “Zaporizhstal” during the time of the USSR by Alex Shnaider and Eduard Shifrin is quite old; the events occurred long before the Ukrainian war. It still generates significant interest from the public as it illustrates the complex connections in the world of kleptrocracy. This story involves Alex Shnaider, Eduard Shifrin, Putin, and the criminal group “Solntsevo”.

Alex Shnaider and Eduard Shifrin’s cooperate with the Solntsevo gang

After the dissolution of the USSR, Birshtein had business connections with the leader of the criminal group “Solntsevo,” Sergey Mikhailov. Their partnership ended after Mikhailov’s arrest in Switzerland in 1996. The immigrant businessman distanced himself from the post-Soviet space and soon met Shnaider.

The Solntsevo gang

Thanks to Birshtein, Alex Shnaider established connections with influential figures in the former USSR, which ultimately allowed him to acquire “Zaporizhstal,” one of Ukraine’s largest industrial complexes, during the privatization period.

“Zaporizhstal” acquired and sold by Alex Shnaider and Eduard Shifrin

The plant was acquired by the company Midland, owned by Alex Shnaider and his Ukrainian partner Eduard Shifrin. In 2003, they added the Russian metallurgical giant “Krasny Oktyabr” to their assets.

In 2010, Shnaider and Shifrin had the opportunity to sell “Zaporizhstal” profitably. In May of the same year, Shifrin called Shnaider and informed him that there were buyers acting in the interests of Russian authorities. Moscow allegedly wanted to take advantage of the decreased demand for Ukrainian steel and acquire the assets to maintain its influence in Ukraine. Shifrin explained that Russian authorities considered the Ukrainian metallurgical plant a “politically strategic” object and hinted that if the entrepreneurs refused, they would face repercussions in Russia.

The aftermath: Alex Shnaider and Eduard Shifrin  accumulate offshore wealth

After selling their stake in “Zaporizhstal,” Shnaider and Shifrin transferred control of the enterprise to offshore companies in Cyprus and the British Virgin Islands through the state-owned Vnesheconombank, effectively handing it over to the Russian authorities.

The Midland group, led by Shnaider and Shifrin, received $850 million for the deal, which was $160 million more than what Ukrainian oligarch Rinat Akhmetov had offered. Nevertheless, as per the deal’s terms, Shnaider and Shifrin were obliged to distribute a significant portion of the funds received among several individuals: $50 million had to be transferred to Akhmetov as compensation for the failed deal, and another $100 million had to be transferred to the deal’s organizers through offshore accounts.

$100 Million in kickback: Alex Shnaider and Eduard Shifrin Strike a Deal with the Kremlin

It is still unclear to whom the $100 million went, as the testimonies of business partners differ, although both claim that the ultimate recipients were “individuals close to the Kremlin.” According to Shifrin, the money was supposed to go to a former official in Leonid Kuchma’s administration and the head of the Ukrainian state oil and gas monopoly “Naftogaz Ukraine,” Igor Bakai, who organized the sale of “Zaporizhstal.” Shnaider asserts that Shifrin transferred the money to himself, citing the need to pay Russian officials. This is supported by two documents: a complaint from Shnaider to Shifrin filed with the London Court of International Arbitration in 2016 and written testimonies from Shifrin in response.

Alex Shnaider Invests in real estate, including the Trump Tower

After completing the deal in October 2010, Shnaider and Shifrin divided the Midland assets between themselves, and Shnaider invested $40 million of his earnings in the construction of the Trump Tower. In 2016, a company associated with Boris Birshtein was listed as a creditor for the tower’s construction, although his lawyers claim that he had no connection to the project. Trump has always overlooked the questionable reputation of his partners, and after a series of bankruptcies in the 1990s and 2000s, The Trump Organization couldn’t secure financing from major banks. The Toronto project was conceived as early as 2001, but by the time Shifrin appeared, it had long lost its initial investors.

The Trump Organization stated that it was not the owner, developer, or seller of the Trump Tower in Toronto and did not participate in financing the project. The company only provided a license for its brand and property management (until June 2017). A representative from Vnesheconombank declined to comment.

Parted ways: Alex Shnaider and Eduard go to court

Businessman Alex Shnaider filed lawsuits against his former partner in the Midland Group, Eduard Shifrin, at the London International Arbitration Court, as reported by sources close to different sides in court. Shnaider believes that the Moscow development projects of Lobachevskogo, 118 (264,000 sq. m) in Ramenki and Tsarskiy Sad (84,700 sq. m) on Sofiyskaya Naberezhnaya were not considered in the division of assets between the owners of the Midland Group.

The Split of Shifrin and Shnaider’s Business During the 2008 Crisis: Assets, Accounts, and Misunderstandings

Shifrin and Shnaider decided to split their business during the 2008 crisis. According to reports to “Vedomosti” at the time, the first was to inherit all the group’s foreign assets (such as the projects with Trump International Hotel & Tower in the Dominican Republic and Maccabi Football Club), and the second was to retain assets in Russia. At that time, the Midland Development portfolio included around 1 million square meters of commercial space and 600,000 square meters of residential and hotel space, including Midland Plaza business centers on Arbat, Diamond Hall on Olympic Avenue, Yuzhny Port near Kozhukhovskaya metro, and retail centers in the regions called Strip Mall. The partners were also supposed to split the funds in the company’s accounts, initially amounting to $295.2 million, later reduced to $185 million.

Shnaider believes that his partner misled him regarding the Lobachevskogo, 118 project, as stated by a source close to Shnaider. Shifrin told Shnaider that the project had been transferred as collateral to the company Saratovskoye OOO Torgovyy Kompleks Solsnechnyy (TKS). TKS was a partner of Midland Development in building the Strip Mall center network, and Midland Development failed to fulfill its project obligations to TKS, leading to the collateralization of Business Master (which held rights to the Lobachevskogo Street project) with TKS. However, Shnaider learned from a TKS letter that he did not receive Business Master and did not demand its transfer. It was revealed that the Cyprus-based Dayforth Trading Limited became the owner of this company, which sold a 10% stake in Business Master to Leader Invest (part of AFK Sistema).

Controversies and Claims Surrounding Business Master and Shifrin-Shnaider’s Business Dealings

Business Master was sold to AFK Sistema for $58 million, as indicated by a letter from the former CEO of Business Master, Peter Hanus, received by “Vedomosti.” Hanus confirmed to “Vedomosti” that he wrote such a letter. In reality, AFK Sistema only paid half of the transaction amount, so Shifrin’s legal entity still owns 50% of the project, according to a person close to one of the sides involved in the deal.

A source close to Shifrin says that the Lobachevskogo, 118 project was acquired by Midland Development in 2004, and Shnaider managed it inefficiently and expensively. The site remained in such a condition for a long time that it was impossible to build anything on it. Shifrin decided to buy the asset from his partner for real money, and the deal was conducted under English law, as confirmed by a source from “Vedomosti.” The project was later successfully developed in partnership with AFK Sistema. According to this source, Shnaider had no complaints about this until 2015, and the claims arose at a specific stage when the project gained greater value.

Shnaider also believes that Shifrin deceived him regarding the payment of $100 million, which was supposed to be paid to third parties in the sale of “Zaporizhstal,” as reported by a source close to the plaintiff. All the transaction procedures received corporate approval, and all agreements with third parties were fully settled and paid, according to a source close to Shifrin.

Upon the completion of the Lobachevskogo, 118 project, its value is expected to exceed $300 million, estimated by a source close to the plaintiff.

The income from selling apartments in the Lobachevskogo building could amount to more than 20 billion rubles (approximately $344.8 million at the exchange rate on February 14), calculated by the Best-Novostroy board member Irina Dobrokhotova and Est-a-Tet department director Vladimir Bogdanyuk.

Another project that Shnaider believes was not considered in the Midland Group’s division, as reported by a source close to him, is Tsarskiy Sad.

This complex belongs to Sberbank Capital: in 2011, the company brought in Midland Development as a co-investor for the project. In reality, the agreement was reached in 2009 during the division of assets among Midland shareholders, according to a source close to Shnaider. However, a source close to Shifrin claims that Shnaider had no involvement with Tsarskiy Sad and did not invest in it. A person close to one of the project’s participants states that Shifrin is not a shareholder there; after the realization of the project, he was supposed to receive a 25% share. This was also confirmed in 2011 by Ashot Khachatryan, the CEO of Sberbank Capital.

The realization of the project has been ongoing for some time; therefore, Shifrin has a right to a share in it, as believed by a person close to the plaintiff.

The value Shnaider placed on a quarter of Tsarskiy Sad is unknown. The project’s declaration stated that the total revenue in 2015 was expected to reach 16 billion rubles, and this figure is still relevant, according to Stanislav Ivashkevich, Deputy CEO for Hospitality Industry Development at CBRE.

Eduard Shifrin and Alex Shnaider’s Confidential Legal Dispute: Parties and Potential Resolutions

Shifrin and Shnaider confirmed the legal dispute, but without disclosing details as the information is confidential. Shifrin stated that neither AFK Sistema nor Sberbank Capital is related to the disagreements.

Representatives of AFK Sistema, Leader Invest (a subsidiary of AFK), and Sberbank declined to comment. Attempts to contact a representative of TKS were unsuccessful. The only legal entity with that name, according to the Rosreestr registry, has been inactive since 2010.

Claims are accepted by the court, not only at the time of the event but also when the claimant becomes aware of their rights being violated. A court in London is expensive, and the losing party is obliged to compensate the legal expenses of the winning party, so it makes sense for them to reach a settlement.

Nga và Ukraine tranh chấp tại các giàn khoan dầu khí ở Biển Đen

Bộ Quốc phòng Anh đã báo cáo rằng Nga và Ukraine đang tranh chấp tại các giàn khoan dầu khí chiến lược ở Biển Đen, Oilprice đưa tin vào ngày 28/08.

Các giàn khoan này được vận hành bởi Chernomorneftegaz, một công ty dầu khí nằm dọc theo Krymgazseti ở Simferopolompany, đã bị chính quyền Nga ở Crimea chiếm giữ trong cuộc sáp nhập vào năm 2014.

Theo báo cáo, các giàn khoan này cung cấp nguồn tài nguyên hydrocarbon giá trị và cũng có thể được sử dụng để chứa các hệ thống tên lửa, máy bay trực thăng hoặc làm căn cứ quân sự.

Biển Đen đã trở thành điểm nóng của hoạt động quân sự trong cuộc chiến giữa Nga và Ukraine. Trước đó, Ukraine đã nhiều lần tấn công một số giàn khoan do Nga kiểm soát ở Biển Đen, trong đó có 3 giàn khoan khí đốt. Ngoài ra, Ukraine cũng thường xuyên sử dụng nhiều máy bay không người lái công nghệ cao trên biển và đã nhiều lần làm tê liệt hạm đội Biển Đen của Nga, theo Giám đốc tình báo Ukraine, Kyrylo Budanov, cho biết. 

Trong khi đó, gã khổng lồ khí đốt Gazprom do Điện Kremlin kiểm soát vẫn duy trì dòng chảy khí đốt ổn định đến châu Âu thông qua Sokhranovka, bất chấp các tranh chấp quá cảnh đang diễn ra với Naftogaz của Ukraine. 

Trước đó, Giám đốc điều hành Gazprom, Alexei Miller, đã đe dọa sẽ áp dụng các biện pháp trừng phạt đối với Naftogaz, khi hãng này tiếp tục theo đuổi vụ kiện trọng tài về việc Gazprom không thanh toán phí vận chuyển.

Doanh thu và lợi nhuận của Gazprom đã bị sụt giảm mạnh sau khi châu Âu cắt giảm việc nhập khẩu khí đốt từ Nga sau cuộc xung đột của nước này tại Ukraine.

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#Breaking: #Norway provides #NOK 2 billion in grants to #Ukraine’s #Naftogaz via the #EBRD

#Breaking: #Norway provides #NOK 2 billion in grants to #Ukraine’s #Naftogaz via the #EBRD

Norway provides NOK 2 billion in grants to Ukraine’s Naftogaz via the EBRD By Lucia Sconosciuto 21 Nov 2022   Norway and the EBRD provide finance to Ukraine’s state-owned gas company  Norway’s NOK 2 billion (€195 million equivalent) in grants to top up a €300 million EBRD loan Funding will buy critical gas to secure heating and electricity for households and businesses The European Bank for…

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Ukraine mulls heating homes with garbage

Ukraine mulls heating homes with garbage

State energy major Naftogaz plans to build three power plants fueled by solid waste Ukraine may switch from natural gas to garbage and biomass for heating as early as next year, the CEO of state energy major Naftogaz, Yury Vitrenko, said at a press briefing on Saturday. According to the official, the company could build three combined heating and power plants in Zhitomir that will be powered by…

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Growth in Demand for Solar Power Plants in Ukraine

Ukrainians began to purchase autonomous solutions: for transfer to the front and to prepare for the cold winter.

Over the past few years, Ukrainians have become interested in solar power plants for several reasons: for sale by the green tariff, to ensure the smooth operation of their own business or private life. Now Ukrainians have changed their priorities, and the demand for solar power plants has become even higher. Now Ukrainians are buying autonomous power plants to transfer them to the military front for the use of the Armed Forces of Ukraine. The second request at the station is to provide heat to the houses this winter. According to the Ukrainian national energy company of Ukraine Naftogaz, this winter, the temperature in residential premises will be 4 degrees Celsius lower.

"Autonomous solar power plants are divided into those that can work without a network and those that do not. The majority (89%) installed in Ukraine are without batteries, which means they cannot work without a network. They were preferred because they are cheaper — $700 per kW. Those with batteries are at least twice as expensive, they have a more expensive class of inverters, as well as batteries. When choosing batteries for battery life, it is better to give preference to lithium-ion. Although they are more expensive than traditional lead-acid ones," Vitalii Shestak, director of SolarWind Systems.

As of the beginning of this year, about 45.000 households have installed solar panels. Considering previous years, by the end of 2021, the total capacity of such SPPs exceeded 1.2 GW.

We remind you that the parliament of Ukraine has launched the Energy efficiency of public buildings in Ukraine program.

For the first time in history, Ukraine is going through winter using exclusively its own gas production, Prime Minister Denys Shmyhal said on air on Jan. 31.

"We currently have about 10 billion cubic meters of gas in our storage facilities. And we are going through this winter using exclusively Ukrainian-produced gas," Shmyhal said.

Despite a series of massive Russian strikes against Ukraine over the past weeks, Shmyhal previously said that the Ukrainian energy infrastructure remains stable.

According to the prime minister, Ukraine's energy giant Naftogaz and its gas producer UkrGasVydobuvannya had increased production by 11% and opened new gas wells.

"In general, I am convinced that thanks to our Armed Forces, air defenses, and heroic energy workers, we will stably go through this winter," Shmyhal added.

Before the winter, Ukrainian officials warned that Russia is likely to massively target Ukraine's energy infrastructure once the temperatures drop, mirroring its strategy from the previous winter.

December 2023 and this January indeed brought yet another wave of massive strikes, but the resulting energy disruptions have not reached the scale of those in late 2022 and early 2023.

Vadym Skibitskyi, a representative of Ukraine's military intelligence (HUR), said on Jan. 15 that Russia's current winter campaign of missile strikes is predominantly targeting Ukraine's military-industrial complex, marking a change from the previous winter's attacks on energy infrastructure.

Despite the apparent shift in strategy, Russian attacks still regularly damage or destroy equipment and facilities associated with Ukraine's energy production and transmission.

Russia Stops Oil Flowing Through Pipeline to Central, Eastern Europe

State pipeline monopoly Transneft blames payment difficulties for loss of supplies to Hungary, Czech Republic and Slovakia Russian oil has stopped flowing through a pipeline that feeds countries in Central and Eastern Europe, dealing another blow to a region contending with the loss of vital energy supplies from Russia. Transneft PJSC, the government-owned oil-pipeline operator, said Tuesday that crude exports through Ukrainian territory had halted on Aug. 4. It blamed payment difficulties caused by Western sanctions on Moscow and said Ukraine’s pipeline operator had declined to carry crude after it didn’t receive funds. A spokeswoman for Naftogaz NJSC, Ukraine’s state energy firm and the parent company of pipeline operator Ukrtransnafta, said it would issue a statement later Tuesday. Buy Wall Street Journal Newspaper The move severs supplies through the southern branch of the Druzhba pipeline that carries oil to Slovakia, Hungary and the Czech Republic and will likely intensify European efforts to buy crude from non-Russian sources. The countries are heavily reliant on Russian oil and natural gas and among the most exposed economies in Europe now that those supplies are getting shut off. Prices for Brent crude, the global energy benchmark, rose 1.3% to $97.88 a barrel, reversing earlier losses. Crude prices have dropped in recent weeks on concerns about slowing global growth. Friendship—the name of the Soviet-era Druzhba pipeline—is a core part of the European Union’s energy infrastructure. In recent years, it has carried up to a million barrels a day of crude to a clutch of European countries. Oil is still flowing through the northern branch to refiners in Poland and Germany, Transneft said Tuesday. The affected southern branch enters northern Ukraine from Belarus and exits through western Ukraine. It splits, with one subbranch traveling through Hungary and the other through Slovakia and into the Czech Republic. Subscribe to Bloomberg Digital Subscription 5 Years Transneft said it paid on July 22 for the transit of Russian oil through Ukraine in August, but the funds were returned to its account six days later. Transneft said Gazprombank JSC, a unit of gas giant Gazprom PJSC and Transneft’s banker, said the money bounced back because of EU sanctions that came into force on July 21, and which require European banks to obtain permission from national authorities to conduct cross-border payments with Russia. Buy WSJ and Barrons Subscription 5-Year Bundle Package Transneft said it was working with Ukrtransnafta to resolve the problem. The pipeline’s importance contributed to tension inside the EU when the bloc pieced together sanctions on Russian oil following its invasion of Ukraine. The EU eventually agreed to ban imports of crude oil by ship over six months but to exempt pipeline imports temporarily, winning over holdout Hungary. The EU remains reliant on Russia for much of its oil. In recent months, about 500,000 barrels of crude flowed through the northern branch of Druzhba each day and about 300,000 barrels through the southern branch, according to Amrita Sen, co-founder of consulting firm Energy Aspects. Central European refiners on the southern leg of the Druzhba pipeline, such as those run by Hungary’s MOL Group, could import some oil from the Adria pipeline, which starts on the Croatian coast. Read the full article

JRL NEWSWATCH: "Ukraine’s State Energy Firm Nears Default; Naftogaz is seeking government approval to make payments by the end of Tuesday" - Wall Street Journal/ Caitlin Ostroff and Joe Wallace

JRL NEWSWATCH: “Ukraine’s State Energy Firm Nears Default; Naftogaz is seeking government approval to make payments by the end of Tuesday” – Wall Street Journal/ Caitlin Ostroff and Joe Wallace

“Ukraine’s NJSC Naftogaz was hours away from default after lenders rejected its request to delay payments on more than $1.4 billion of foreign-currency bonds. In the wake of the vote, the state energy company was seeking approval from the Ukrainian government to repay one of the bonds, a $335 million note that matured last week. A company spokeswoman said Kyiv had yet to respond. Naftogaz has…

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Naftogaz: Russian attack targets two gas storage facilities

Russia’s large-scale attack against Ukraine early on April 11 targeted two of Ukraine’s underground storage facilities (UGS), Ukraine’s state-owned oil and gas company Naftogaz said. Russian forces la Source : kyivindependent.com/naftogaz-…

Ukrainian MP reveals scam of the century.

Ukraine’s state-owned Naftogaz gas company has sought to embezzle $8 billion, Yulia Timoshenko claims Ukraine’s state-owned Naftogaz gas company is supposedly running a massive embezzlement scheme as it seeks to get billions of dollars from the government for alleged gas purchases even though Ukraine presumably does not need additional gas for the winter, Yulia Timoshenko, an MP and the head of…

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