Latest information on Russia and the battle in Ukraine

Latest information on Russia and the battle in Ukraine

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BP’s Gelsenkirchen plant now not makes use of Russian crude

Shares of BP are up over 20% year-to-date.

Sopa Photos | Lightrocket | Getty Photos

Amid its second-quarter earnings replace Tuesday, BP CEO Bernard Looney stated that the agency’s refinery in Gelsenkirchen, Germany, now not makes use of Russian crude, down from 50%.

Oil majors have been one in all many sectors which have reduce or considerably decreased their publicity to Russia following its invasion of Ukraine.

Again in late February, BP introduced it was offloading its 19.75% stake in Rosneft, a Russian-controlled oil firm.

— Matt Clinch

US ‘deeply involved’ of Russian management of Ukrainian nuclear services, Blinken says

U.S. Secretary of State Antony Blinken speaks on the tenth annual assessment of the Nuclear Non-Proliferation Treaty at U.N. headquarters on August 01, 2022 in New York Metropolis.

Spencer Platt | Getty Photos

Secretary of State Antony Blinken stated the U.S. is “deeply involved” about reviews that Russian forces have taken over nuclear services in Ukraine.

“There are credible reviews, together with within the media at this time, that Russia is utilizing this plant because the equal of a human defend, however a nuclear defend within the sense that it is firing on Ukrainians from across the plant,” Blinken instructed reporters on the United Nations, including that this was “the peak of irresponsibility.”

“And naturally, the Ukrainians can’t and won’t fireplace again, lest there be a horrible accident involving a nuclear plant,” he stated.

Blinken stated that it was essential that the Worldwide Atomic Vitality Company be granted entry to nuclear services with a purpose to safeguard in opposition to an accident.

— Amanda Macias

Germany argues over nuclear shutdown amid gasoline provide worries

Steam rises from the cooling tower of the nuclear energy plant (NPP) Isar 2 in Essenbach Germany.

Armin Weigel | Image Alliance | Getty Photos

Rising concern over the impression of a possible Russian gasoline cutoff is fueling the talk in Germany over whether or not the nation ought to swap off its final three nuclear energy vegetation as deliberate on the finish of this 12 months.

The door to some sort of extension appeared to open a crack after the Financial system Ministry in mid-July introduced a brand new “stress check” on the safety of electrical energy provides. It is alleged to keep in mind a more durable situation than a earlier check, concluded in Might, that discovered provides had been assured.

Since then, Russia has decreased pure gasoline provides by the Nord Stream 1 pipeline to Germany to twenty% of capability amid tensions over the battle in Ukraine. It cited technical points that Germany says are solely an excuse for a political energy play. Russia lately has accounted for a few third of Germany’s gasoline provide, and there are considerations it may flip off the faucet altogether.

The principle opposition Union bloc has made more and more frequent calls for for an extension of the nuclear vegetation’ lives. Comparable calls are coming from the smallest social gathering in Chancellor Olaf Scholz’s coalition authorities, the pro-business Free Democrats.

— Related Press

Macron tells Zelenskyy that Russian battle crimes won’t go unpunished

French President Emmanuel Macron says he is in favor of a worth cap on Russian oil as he speaks to the media on the third and closing day of the G7 summit at Schloss Elmau on June 28, 2022 close to Garmisch-Partenkirchen, Germany.

Sean Gallup | Getty Photos Information | Getty Photos

French President Emmanuel Macron instructed Ukrainian President Volodymyr Zelenskyy in a cellphone name that battle crimes dedicated by Russian forces will “not go unpunished.”

“Whereas battle crimes are multiplying, the President of the Republic reaffirmed his help for the Ukrainian folks and their resistance and declared his dedication to make sure that these crimes don’t go unpunished,” a French presidential workplace supply wrote in a readout of the decision.

In the course of the name, the thirty sixth trade between the 2 leaders since Russia’s battle in Ukraine started, Macron stated that France would ship a group of forensic consultants and a cell DNA evaluation laboratory to Ukraine.

— Amanda Macias

Learn CNBC’s earlier stay weblog right here:

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