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Ukraine's Zelenskiy warns Europeans to brace for bleak winter

By Tom Balmforth KYIV (Reuters) - Ukrainian President Volodymyr Zelenskiy has told Europeans to expect a difficult winter as the Russian assault on his country leads to cuts in...

By Tom Balmforth

KYIV (Reuters) - Ukrainian President Volodymyr Zelenskiy has told Europeans to expect a difficult winter as the Russian assault on his country leads to cuts in oil and gas exports by Moscow.

Zelenskiy was speaking on Saturday night after Moscow shut down a main pipeline that supplies Russian gas to the continent.

"Russia is preparing a decisive energy blow on all Europeans for this winter," he said in his daily video address.

Moscow has cited Western sanctions imposed over its invasion of Ukraine and technical issues for the energy disruptions. European countries who have backed the Kyiv government with diplomatic and military support have accused Russia of weaponising energy supplies.

Some analysts say the shortages and a surge in living costs as winter approaches risk sapping Western support for Kyiv as governments try to deal with disgruntled populations.

Last week Moscow said it would keep the Nord Stream 1 pipeline, its main gas channel to Germany, closed and G7 countries announced a planned price cap on Russian oil exports.

The Kremlin said it would stop selling oil to any countries that implemented the cap.

German Chancellor Olaf Scholz said on Sunday his government had been planning for a total halt in gas deliveries in December but he promised that his country would make it through the winter.

"Russia is no longer a reliable energy partner," Scholz told a news conference in Berlin.

POWER LINE DOWN AT ZAPORIZHZHIA

The Russian-occupied Zaporizhzhia nuclear plant in southern Ukraine again lost external power, U.N. inspectors said on Saturday.

The last remaining main external power line was cut off although a reserve line continued supplying electricity to the grid, the International Atomic Energy Agency (IAEA) said in a statement.

Only one of its six reactors remained in operation, it said.

The plant was seized by Russian troops shortly after President Vladimir Putin sent his army over the border on Feb. 24 and has become a focal point of the conflict.

Each side has blamed the other for shelling in the vicinity that has raised fears that a nuclear disaster could be triggered.

An official from the Russian-installed administration in Zaporizhzhia said the situation around the plant had been calm so far on Sunday.

Speaking to Komsomolskaya Pravda radio, the official, Igor Rogov, said there had been no shelling or incursions. Russia has twice accused Ukraine of trying to capture the plant in the past two days. Ukraine said Russia had attacked the area itself.

IAEA experts are expected to continue working at the plant until at least Monday, Rogov was quoted as saying.

An IAEA mission toured the plant, which is still operated by Ukrainian staff, last week and some experts have remained there pending the release of an IAEA report.

The plant said in a statement on Saturday the fifth reactor was switched off "as a result of constant shelling by Russian occupation forces" and that there was "insufficient capacity from the last reserve line to operate two reactors".

Zelenskiy has blamed Russian shelling for an Aug. 25 cutoff, the first Zaporizhzhia was severed from the national grid, which narrowly avoided a radiation leak. That shutdown prompted power cuts across Ukraine.

Ukraine and the West accuse Russia of storing heavy weapons at the site to discourage Ukraine from firing on it. Russia, which denies having any such weapons there, has resisted international calls to relocate troops and demilitarise the area.

On other battlefronts, Ukrainian Telegram channels reported explosions at the Antonivsky bridge near the southern city of Kherson, which is occupied by Russian forces.

The bridge has been severely damaged by Ukrainian missiles over the past weeks, but Russian troops were trying to repair it or to set up a pontoon crossing or barges to maintain supplies to Russian units on the right bank of the Dnipro river.

Ukraine began a counter-offensive last week targeting the south, particularly the Kherson region, which was seized by the Russians early in the conflict.

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01-05-2024 10:45:17 (UTC+7)

EUR/USD

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EUR/USD

1.0658

-0.0008 (-0.07%)

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GBP/USD

1.2475

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USD/JPY

157.91

+0.12 (+0.07%)

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AUD/USD

0.6469

-0.0003 (-0.05%)

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Neutral

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USD/CAD

1.3780

+0.0003 (+0.03%)

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EUR/JPY

168.32

+0.10 (+0.06%)

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EUR/CHF

0.9808

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Gold Futures

2,295.80

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Silver Futures

26.677

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Copper Futures

4.5305

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Crude Oil WTI Futures

81.14

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85.62

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Euro Stoxx 50

4,920.55

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S&P 500

5,035.69

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DAX

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FTSE 100

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Hang Seng

17,763.03

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US Small Cap 2000

1,973.05

-42.98 (-2.13%)

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IBEX 35

10,854.40

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49.155

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27.35

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175.90

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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Cập nhật 01-05-2024 10:45:19
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Cập nhật lúc 10:45:15 01/05/2024
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