European gas prices hit record high as Russia supply fears grow | Russia-Ukraine war News

Regardless of Russia’s invasion of Ukraine, gasoline deliveries from Russia to Europe by means of its numerous pipelines have thus far remained largely unchanged.

European and British gasoline costs soared on Wednesday, with a benchmark Dutch gasoline value hitting a document excessive as international locations mentioned European Union sanctions in opposition to Russia may goal gasoline shipments, whereas some cargos of Russian liquefied gasoline modified course.

The UK on Monday ordered that Russian-associated vessels be blocked from its ports, whereas officers from some EU international locations have mentioned the 27-country bloc is contemplating a ban on Russian ships.

The European Parliament on Tuesday known as for the EU to shut its ports to Russian ships or ships going to or from Russia.

Though the Parliament doesn’t set sanctions and its vote on Tuesday was nonbinding, merchants mentioned it confirmed the course of journey for doable tightening of measures in opposition to Russia, which provides round 40 % of the EU bloc’s pure gasoline.

Not all international locations get provide instantly from Russia, but when international locations equivalent to Germany, the most important shopper of Russian gasoline, obtain much less from Russia, they need to exchange this from elsewhere, as an illustration, Norway, which has a knock-on impact on out there gasoline for different international locations.

The benchmark Dutch front-month gasoline contract on the TTF hub hit a document intraday excessive of $205 (185 euros) a tonne on Wednesday – simply beating the earlier excessive of $204 (184.95 euros), seen final December when Russian flows by means of the foremost Yamal pipeline started sending gasoline eastwards in reverse.

The UK front-month contract hit 384 pence a therm, its second-highest ever degree amid reviews Russian cargos of liquefied pure gasoline have been being diverted away from UK ports.

“The worth transfer as we speak isn’t primarily based on elementary adjustments to the European gasoline balances,” mentioned Leon Izbicki, European pure gasoline analyst at Vitality Features.

“The principle driver behind the sharp rise within the TTF is a perceived enhance within the threat of European sanctions focusing on Russian vitality exports,” he mentioned.

Regardless of the continuing warfare in Ukraine, bodily deliveries of gasoline from Russia to Europe by means of its numerous pipelines have thus far remained largely unchanged.

Even gasoline deliveries coming from Russia by way of pipelines by means of Ukraine have remained sturdy. Capability nominations for provide to Slovakia from Ukraine by way of the Velke Kapusany border level have been anticipated to hit their highest degree thus far in 2022, at 881,917 megawatt hours on Wednesday.

However merchants and analysts mentioned that because the warfare and sanctions escalate, so do the chances that this might change, which is inflicting the large value features.

“With the potential provide disruption from Russia reverberating all through the European vitality market, unstable vitality costs are more likely to proceed for the foreseeable future,” mentioned Craig Lowrey, senior guide at Cornwall Perception.

Ukraine applies for European Union membership : NPR

European Fee President Ursula von der Leyen (proper) greets Ukraine’s President Volodymyr Zelenskyy (left) on the Japanese Partnership summit in Brussels final yr. Zelenskyy is interesting for Ukraine to affix the EU.

Stephanie Lecocq/Pool/AFP through Getty Photos

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Stephanie Lecocq/Pool/AFP through Getty Photos

European Fee President Ursula von der Leyen (proper) greets Ukraine’s President Volodymyr Zelenskyy (left) on the Japanese Partnership summit in Brussels final yr. Zelenskyy is interesting for Ukraine to affix the EU.

Stephanie Lecocq/Pool/AFP through Getty Photos

Ukrainian President Volodymyr Zelenskyy has formally signed an software for Ukraine’s membership within the European Union, in response to a put up from his verified Fb web page.

“[Zelenskyy] has simply signed a historic doc — Ukraine’s software for European Union membership,” tweeted Andrii Sybiha, the deputy head of the president’s workplace. Ukraine’s prime minister and head of parliament additionally signed a joint assertion, he added.

The transfer comes hours after Zelenskyy launched a video interesting to the EU for membership and calling on Russian forces to go residence. He urged the EU to permit Ukraine’s rapid entry below what he described as a “new particular process,” on which he didn’t elaborate.

“Our purpose is to be with all Europeans and, most significantly, to be equal,” he mentioned, in response to a translation from The Guardian. “I’m assured that it’s truthful. I’m assured we’ve got deserved it. I’m assured that every one that is attainable.”

The Guardian

Ukraine isn’t at present acknowledged as an official candidate for EU membership, although it has been a part of an affiliation settlement with the EU (through which each events agreed to align their economies in sure areas and deepen political ties) since 2017, as Politico notes.

Zelenskyy mentioned membership with European leaders

Zelenskyy’s plea echoes remarks he remodeled the weekend, when he pushed publicly for Ukraine’s accession into the EU and mentioned the topic with European leaders.

Zelenskyy tweeted on Saturday that he had spoken with European Council President Charles Michel, writing: “It’s a essential second to shut the long-standing dialogue as soon as and for all and determine on Ukraine’s membership within the #EU.”

Michel responded in a tweet of his personal: “#Ukraine and its persons are household. Additional concrete help is on its approach.”

European Fee President Ursula von der Leyen advised Euronews on Sunday that Ukraine is “certainly one of us and we would like them in” the European Union.

However she advised its entry would not be rapid, saying the method would contain integrating Ukraine’s market into that of the EU and noting that the 2 cooperate carefully in areas corresponding to vitality.

Certainly, the EU’s personal web site stresses that “changing into a member of the EU is a posh process which doesn’t occur in a single day.”

The method entails time-consuming negotiations

A rustic can solely apply as soon as it satisfies sure circumstances, together with having free-market financial system and secure democracy and accepting all EU laws in addition to the euro. Then, it submits its software to the Council, which asks the Fee to evaluate the nation’s potential to satisfy these standards.

If the Fee’s evaluation is favorable, the Council should unanimously agree on a proper framework for negotiations, which then happen between ministers and ambassadors of EU governments and the candidate nation.

“Because of the enormous quantity of EU guidelines and laws every candidate nation should undertake as nationwide legislation, the negotiations take time to finish,” the EU explains.

5 international locations are at present within the means of integrating EU laws into nationwide legislation: Albania, Montenegro, North Macedonia, Serbia and Turkey. Two others — Kosovo and Bosnia and Herzegovina — are labeled as “potential candidates” as a result of they don’t but meet the factors to use for membership.

EU ups the ante with Russia; closes airspace, bans media | European Union News

The European Union has introduced sweeping new sanctions towards Russia over its invasion of Ukraine, closing its airspace to Russian plane and banning Russian state media shops broadcasting within the bloc.

EU chief Ursula von der Leyen, saying the measures on Sunday, stated the Union was taking the unprecedented step of financing arms to Ukraine, and was hitting Russian ally Belarus with sanctions for facilitating the invasion.

“They received’t be capable to land in, take off or overfly the territory of the EU. Together with the non-public jets of oligarchs,” von der Leyen stated of the airspace measures in a tweet.

Particular person EU nations have been saying bans on Russian planes of their airspace in current days.

The UK has moreover banned Russian airways from touchdown at its airports or crossing its airspace, that means Moscow is going through a close to whole blockade of the continent’s skies.

The measures come on prime of sanctions von der Leyen introduced a day earlier which might be about to be carried out: chopping some Russian banks from the SWIFT interbank messaging community, banning all transactions with Russia’s central financial institution, and added restrictions on Russian oligarchs.

The EU has additionally sanctioned Russian President Vladimir Putin and his international minister Sergey Lavrov.

Collectively, the steps added as much as the hardest stance the EU has taken towards a rustic, reflecting the bloc’s horror and anger at Putin’s assault on Ukraine, launched on Thursday.

“Because the battle in Ukraine rages on, and Ukrainians battle bravely for his or her nation, the European Union steps up as soon as extra its help for Ukraine and the sanctions towards the aggressor – Putin’s Russia,” von der Leyen stated in a broadcast handle.

She stated the airspace ban would prohibit flights into or over the EU by “each Russian airplane – and that features the non-public jets of oligarchs”.

The measure consolidated what was already de facto largely in place, with most of the EU’s 27 nations individually saying airspace closures to Russian flights.

Stopping Russian ‘lies’

The transfer towards Russian state media focused its shops Russia At this time – generally known as RT – and Sputnik, and their subsidiaries.

Von der Leyen stated they “will now not be capable to unfold their lies to justify Putin’s battle and to sow division in our Union”.

The EU’s international coverage chief Josep Borrell, at her facet, stated the measure concerned “banning Russia At this time and Sputnik from broadcasting within the European Union”.

Sputnik responded with a sardonic assertion saying: “We recommend the European Fee not cease midway and ban the web altogether.”

RT’s French subsidiary tweeted the ban “goes towards the very ideas of freedom of expression” and stated it was a sufferer of “censorship”.

Von der Leyen stated the sanctions towards Belarus have been geared toward “the opposite aggressor on this battle”, naming the regime of strongman Alexander Lukashenko.

“We are going to hit Lukashenko’s regime with a brand new package deal of sanctions,” she stated.

“We are going to introduce restrictive measures towards their most vital sectors. This may cease their exports of merchandise from mineral fuels to tobacco, wooden and timber, cement, iron and metal.

“We will even prolong to Belarus the export restrictions we launched on dual-use items for Russia.”

Belarusians serving to Russia’s navy operation would even be sanctioned, she stated.

Von der Leyen stated the choice to offer funding for the acquisition and supply of arms to Ukraine was “a watershed second for our Union”.

Borrell stated he would “suggest to make use of the European Peace Facility for emergency help measures to finance the availability of deadly materials to the Ukrainian military, in addition to badly wanted gasoline, protecting tools and medical provides”.

“We’re doing this as a result of this battle requires our engagement with a purpose to help the Ukrainian military – as a result of we dwell in unprecedented instances,” he stated.

European nations throw open borders to Ukrainian refugees | News

International locations throughout Jap Europe have introduced plans to host a whole bunch of hundreds of individuals fleeing the Russian invasion of Ukraine.

Tens of hundreds of Ukrainians have been turning up on the nation’s border crossings with Poland, Romania and Moldova. Many of those nations, which have taken a hardline stance in direction of refugees arriving from nations comparable to Syria and Afghanistan in recent times have taken a decidedly totally different tone in pledging to host and assist their Ukranian neighbours.

A number of humanitarian businesses have issued statements expressing their dedication to displaced Ukrainians asking nations to maintain their borders open to refugees looking for shelter.

“UNHCR can be working with governments in neighbouring nations, calling on them to maintain borders open to these looking for security and safety. We stand able to assist efforts by all to reply to any scenario of compelled displacement,” stated the UN Excessive Commissioner for Refugees Filippo Grandi.

Grandi stated on Twitter on Saturday that 150,000 Ukrainians had now fled the preventing of their nation.

Moldovan President Maia Sandu stated her nation’s borders had been open to Ukrainian residents and it might assist these arriving of their “humanitarian wants”.

Poland, which has taken a hardline stance towards migration in recent times, introduced its willingness to take “as many as there will probably be at our borders”.

Hungary, which has taken a equally hostile stance to refugees arriving from nations comparable to Syria in recent times, pledged to stay open for these fleeing from Ukraine.

“We’re ready to maintain them, and we’ll have the ability to rise to the problem rapidly and effectively,” stated Hungarian Prime Minister Viktor Orban, who has beforehand described migrants arriving in Europe as a “poison”.

‘Solely so many locations’

Hanne Beirens, director of Migration Coverage Institute Europe, stated there have been causes for the totally different attitudes taken by some nations which were notably hostile in recent times to refugees.

“Firstly, this can be a positioning from EU states inside a selected geopolitical battle. In that respect it suits inside a broader narrative of disapproving of Russian actions and the form of solidarity in numerous sorts of dimensions with the Ukraine, authorities and inhabitants with those that could also be displaced due to the battle,” she stated.

“There’s solely so many locations that people who find themselves displaced by the battle with Russia can go, and a few have already moved to Moldova. Others when crossing the border instantly land into EU territory, so there’s no different place for them to go and in order that form of precept of looking for safety in a secure haven within the first nation you cross suits completely right here.”

INTERACTIVE- Where are Ukrainians fleeing to poster

Poland – which confronted fierce criticism from human rights teams for its remedy of asylum seekers who had been pushed to the Belarusian border by Belarusian authorities, together with the legalisation of pushbacks final November – has taken a decidedly totally different stance in direction of the prospect of a giant arrival of Ukrainian refugees.

A variety of reception centres have already been established within the nation.

Greece, an entry level for a whole bunch of hundreds of individuals fleeing struggle and unrest from Syria and Afghanistan in recent times, additionally made pledges of assist for Ukrainian residents and people arriving in Ukraine’s neighbours.

Earlier within the week, there have been ideas it might make commitments to host Ukrainian refugees, however an announcement issued on Friday stopped wanting this, providing as an alternative technical and humanitarian assist to Ukraine’s neighbouring nations.

“EU nations, together with Greece, stepping in to guard Ukrainian refugees exhibits what we’ve lengthy urged for: secure entry to the EU for refugees is each mandatory and possible. And honest and humane asylum programs profit us all.”

Greece’s itemizing Ukraine as “a ‘secure nation of origin’ solely weeks in the past runs counter to these very rules”, stated Minos Mouzourakis, authorized officer at Refugee Assist Aegean.

Greece has confronted fierce criticism in recent times for closely documented pushbacks of asylum seekers from its land and sea borders.

Completely different responses

Dimitris Choulis, a lawyer working with refugees on the Greek island of Samos, one of many details of arrival for refugees in 2015-16, famous the totally different responses of many EU nations to the prospect of a large-scale displacement of Ukrainian refugees in Europe.

“I used to be shocked from Finland, for instance, within the announcement after the invasion how prepared they’re to obtain refugees whereas after years of bombing in Syria or Afghanistan they don’t do the identical,” he stated.

Choulis questioned how Ukrainians who select to hunt asylum exterior of their neighbouring nations will probably be handled. “Are we going to ask them why they didn’t go to a neighbouring nation and if they arrive right here [to Greece] are they not refugees anymore?” he requested.

Beirens stated there have been a number of totally different causes for this totally different response amongst some nations.

“It will be the take a look at of time to see what number of can be displaced from Ukraine and what the EU’s response can be shifting ahead … It’s onerous to evaluate how lengthy the battle will final, whether or not there’ll proceed to be assaults on a number of areas of Ukraine, which might, in and of itself, set off refugee actions to Europe,” stated Beirens.

If that’s the case it might result in related refugee numbers as in 2015.

“The bottom predictions when it comes to a full-scale invasion of Russia talks of 1 million displaced individuals, however there are so others who speak about as much as three million or extra,” she stated.

“The response could also be fairly totally different exactly due to the longstanding custom of Ukraine nationals coming into the EU to work and examine there.”