Russia cuts down European gas supply

Published

3 years ago

July 28, 2022

Russia cuts gas capacity to Europe to a fifth of normal supplies, sending prices soaring and EU nations agreeing to voluntary rationing

Russia has cut down supplies of gas via the Nord Stream 1 pipeline to Germany to a fifth of its usual capacity.

Gazprom, Russia’s state run energy and gas firm, has blamed the current reduction on a turbine that was undergoing repairs in Canada.

But the German government has said there’s no technical reason for the current supplies to be limited.

https://twitter.com/EU_Commission/status/1551885701263904778?s=20&t=5MoKe1eg2BmFQETKaHvroQ

It comes as the European Union member states agreed to voluntary rationing of gas supplies – aiming for a 15 per cent reduction in gas usage between August and March next year.

But the agreements have been messy, with many exemptions being granted for several EU nations where a 15 per cent reduction is not feasible.

Moscow says that the recent spike in gas prices is down to Western sanctions, and that it’s not responsible for the price hike – insisting it is a reliable business partner when it comes to gas.

But critics of Moscow say that it’s using blackmail, holding supplies of gas hostage as a weapon of war.

Israel and Hamas agree to landmark hostage deal

Israel and Hamas agree to release hostages in U.S.-brokered deal, marking a potential turning point in Gaza conflict.

Published

15 hours ago

October 10, 2025

ticker NEWS

Israel and Hamas agree to release hostages in U.S.-brokered deal, marking a potential turning point in Gaza conflict.

In a major diplomatic breakthrough, Israel and Hamas have agreed to release all remaining Israeli hostages under a U.S.-brokered framework. The deal pairs prisoner exchanges with an Israeli troop pullback and expanded aid access, marking a potential turning point in the two-year Gaza conflict.

The agreement, set for approval by Israel’s cabinet, could pave the way for lasting peace if both sides uphold the terms. It follows weeks of negotiations led by U.S. envoys and regional mediators in Egypt, Qatar, and Türkiye.

As international agencies prepare to facilitate aid and logistics, the world watches to see whether this fragile deal can hold and bring relief to millions affected by the war.

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News

Google leads Australia media tax rankings

Google leads in Australian media tax payments, unlike Netflix and others, igniting discussions on fairness and corporate responsibility.

Published

2 days ago

October 9, 2025

ticker NEWS

Google leads in Australian media tax payments, unlike Netflix and others, igniting discussions on fairness and corporate responsibility.

Google is currently on the of top of Australian media tax payments, while Netflix, Dentsu, and Singtel pay nothing, sparking a fresh debate over fairness and corporate responsibility in the industry.

#TaxTransparency #Google #Netflix #CorporateResponsibility #AustraliaBusiness