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31/08/2022 ---- 02/09/2022

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02.09.2022
THEME: WORLD

G7 leaders agree on price cap for Russian oil while Kremlin promises hard reaction

Yesterday Deputy Prime Minister Alexander Novak told reporters that Russia will suspend supplies of oil and petroleum products to states which will decide to restrict the price of oil from the country. On the same day the chairman of the board of Russia’s largest private oil company LUKoil (Ravil Maganov, 67) died after falling from a Moscow hospital window plunging from the sixth-floor window of the Central Clinical Hospital - known as the “Kremlin Clinic”. It is with these premises that today September 2 the finance ministers of G7 nations gathered in Elmau (Germany) to decide on the restrictions on Russian oil. The outcome of such meeting shows a strong resolve by EU on this matter. A joint statement has been released: “ […] We will curtail Putin’s capacity to fund his war from oil exports by banning services, such as insurance and the provision of finance, to vessels carrying Russian oil above an agreed price cap. We are united against this barbaric aggression and will do all we can to support Ukraine as they fight for sovereignty, democracy and freedom”. With this the G7 Leaders reaffirmed a shared commitment to preventing Russia from profiting from its war of aggression, to supporting stability in global energy markets and to minimising negative economic spillovers, especially on low- and middle-income countries. To deliver on this commitment, today they confirm a joint political intention to finalise and implement a comprehensive prohibition of services which enable maritime transportation of Russian-origin crude oil and petroleum products globally – the provision of such services would only be allowed if the oil and petroleum products are purchased at or below a price (“the price cap”) determined by the broad coalition of countries adhering to and implementing the price cap. In the following days and weeks such measures will be implemented, with a reaction by Russia to be expected. A few hours later Gazprom announced the possibility of a prolonged halt of natural gas supply through a key pipeline to Germany (Nord Stream 1), citing the need for urgent maintenance work. Today the energy ministers of G20 nations had a parallel meeting in Bali to discuss energy security. The meeting was wrapped up without producing a joint statement toward a stable supply of energy. Differences between Russia and the West likely prevented their reaching an agreement.

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01.09.2022
THEME: WORLD

UN reports human rights violations against Uyghurs in Xinjiang, China

The Uyghurs are recognised as native to the Xinjiang Uyghur Autonomous Region in Northwest China. They are one of China's 55 officially recognised ethnic minorities. Since 2014 the Chinese government created camps to ensure “adherence to to Chinese Communist Party (CCP) ideology, preventing separatism, fighting terrorism, and providing vocational training to Uyghurs”. A report published on Wednesday in the wake of the visit by UN High Commissioner of Human Rights, Michelle Bachelet in May, said that “allegations of patterns of torture, or ill-treatment, including forced medical treatment and adverse conditions of detention, are credible, as are allegations of individual incidents of sexual and gender-based violence.” The UN rights office said that Wednesday’s report was “based on a rigorous review of documentary material currently available to the Office, with its credibility assessed in accordance with standard human rights methodology. At the same time China firmly opposes the release of the so-called Xinjiang-related report by the UN Human Rights Office. Foreign Ministry spokesperson Zhao Lijian said China attaches importance to balanced promotion of all types of human rights, to dialogue and cooperation with member states, and opposes the wrong practice of politicising human rights and double standards.

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31.08.2022
THEME: POLITICS

EU decides to suspend the visa agreements with Russia

Today the European Union has decided to fully suspend a 2007 visa agreement with Russia and intensify scrutiny over the future applications submitted by Russian tourists. The suspension of the agreement is expected to significantly hinder the visa application process, making it much more expensive, burdensome and drawn-out for Russian nationals planning to visit the bloc. "It’s going to be more difficult and longer, and consequently the number of new visas will be substantially reduced," said Josep Borrell, the EU's foreign policy chief, at the end of an informal meeting of foreign affairs ministers in Prague. While this move demonstrates the EU resolve about the Ukraine matter, some argue that it may strengthen Putin’s regime.

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