BERLIN—Investigators found traces of undersea explosives in samples taken from a yacht that was searched as part of a probe into last year’s attacks on the Nord Stream gas pipelines in the Baltic Sea, European diplomats told the United Nations Security Council. The diplomats said the investigation has not yet established who sabotaged the pipelines,…
West Cautious on Nord Stream Blasts, Germany Confirms Raiding Suspect Ship
STOCKHOLM/BERLIN—Western allies on Wednesday warned against reaching premature conclusions on who was responsible for blowing up the Nord Stream pipelines, with Germany suggesting the attack could also have been a “false flag” operation to blame Ukraine. A New York Times report, citing intelligence reviewed by U.S. officials, said on Tuesday a pro-Ukrainian group may be…
Several Russian Companies Express Interest in Hong Kong
Russian steel Oligarch Alexey Mordashov has been sanctioned by several countries, and his super yacht “Nord” was found moored in Hong Kong waters. A partner at the Hong Kong law firm ONC Lawyers told the media that many Russian companies are seeking cooperation with Hong Kong law firms. Some scholars and current affairs commentators have…
Scholar: Hong Kong Becomes “Axis of Evil” Financial Center
Russian steel Oligarch Alexey Mordashov has been sanctioned by several countries, and his super yacht “Nord” was found moored in Hong Kong waters. A partner at the Hong Kong law firm ONC Lawyers told the media that many Russian companies are seeking cooperation with Hong Kong law firms. Some scholars and current affairs commentators have…
US Warns Hong Kong May Be Used as a Safe Haven for Sanctioned Russian Tycoon Yachts
October 10, 2022
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Alexey MordashovChinaHK Current AffairsHong KongNordU.S. sanctions against RussiaUS State Department
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Superyacht Nord believed to be owned by Alexei Mordashov, the Russian steel oligarch who is sanctioned by many countries, was docked in Hong Kong waters on Oct. 5. A spokesman for the U.S. Department of State was quoted by the Financial Times as saying that some people might use Hong Kong as a safe haven…
Sanctioned Russian Oligarch Anchors Mega Yacht in Hong Kong
October 7, 2022
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Asia & PacificChinaEuropeHK Current AffairsHong KongHong Kong Marine DepartmentInternationalNordRussia-Ukraine WarVladimir PutinWorld
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The superyacht Nord, believed to belong to Alexey Mordashov, an ally of Russian President Vladimir Putin and Russia’s third-richest oligarch, was anchored in Hong Kong waters on Oct. 6, 2022. After the outbreak of the Russian-Ukrainian war, the United States, the European Union, the United Kingdom, and other countries imposed sanctions on tycoons who are…
‘The Turbine Works:’ Germany’s Scholz Points Finger at Russia in Energy Row
August 3, 2022
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Business & MarketscrisiseconomyenergyEuropeGasGermanyGold and CommoditiesMarketsNordRussiaRussia-Ukraine WarScholzstreamWorld
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MUELHEIM AN DER RUHR, Germany—German Chancellor Olaf Scholz on Wednesday said Russia had no reason to hold up the return of a gas turbine for the Nord Stream 1 pipeline that had been serviced in Canada but has since been stranded in Germany in an escalating energy standoff. Standing next to the turbine on a…
Kremlin: Gazprom Is Supplying as Much Gas to Europe as Possible
July 27, 2022
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Business & MarketscrisisDmitry PeskoveconomyenergyEuropeGasGazpromGold and CommoditiesMarketsNordRussiaRussia-Ukraine WarstreamUkraineWorld
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MOSCOW—Russia’s Gazprom is supplying as much gas to Europe as possible, Kremlin spokesman Dmitry Peskov told reporters on Wednesday, adding that sanctions-driven technical issues with equipment were preventing Gazprom from exporting more. Russia delivered less gas to Europe on Wednesday in a further escalation of an energy stand-off between Moscow and the European Union that…
Nord Stream Flows Stable, Eastbound Yamal Flows Decline
July 22, 2022
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Business & MarketseconomyenergyEuropeGasGold and CommoditiesMarketsNordRussiaRussia-Ukraine WarstreamUkraineWorldYamal
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LONDON—Physical flows of Russian gas through Nord Stream 1 pipeline to Germany remained stable on Friday, while eastbound gas flows via the Yamal-Europe pipeline to Poland from Germany declined, operators’ data showed. On the Nord Stream AG website, physical flows were at 29,191,527 kWh/h for 0700-0800 CET (0500–0600 GMT), compared with levels around 29,000,000 kWh/h…
Europe on Edge as Nord Stream Russian Gas Link Enters Shutdown
July 11, 2022
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Business & Marketscommoditiescrisiseconomic policieseconomyEuropeGasMarketsNordRussiaRussia-Ukraine WarstreamUkraineWorld
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LONDON/FRANKFURT—The biggest single pipeline carrying Russian gas to Germany began annual maintenance on Monday, with flows expected to stop for 10 days, but governments, markets, and, companies are worried the shutdown might be extended because of the war in Ukraine. The Nord Stream 1 pipeline transports 55 billion cubic meters (bcm) a year of gas…
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