The US Treasury Department has opened a pathway for companies to negotiate the purchase of Lukoil’s foreign assets, representing approximately 0.5% of global oil production. This decision, conveyed through updated Russia licenses, allows discussions with the sanctioned Russian oil giant, contingent on severing Lukoil’s control and funneling proceeds into a frozen escrow account. Key licenses include General License 131, which allows asset purchase negotiations, and General License 128A, which allows continued business with Lukoil-branded gas stations outside Russia. This move comes after sanctions were imposed on Russia’s top oil companies and reflects a calibrated approach to isolate Moscow’s oil sector while avoiding disruptions to global energy markets.
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On the 42nd anniversary of Northern Cyprus’s unilateral declaration of independence, Greece’s foreign ministry reiterated its stance of non-acceptance, citing violations of international law. Greece vowed to never accept the results of the Turkish invasion and occupation. Furthermore, it urged all nations to uphold the Republic of Cyprus’s sovereignty and independence, advocating for a bi-zonal, bi-communal federation as a solution. Greece also acknowledged “recent diplomatic mobility,” including UN efforts and upcoming meetings, as steps toward restarting negotiations on the Cyprus problem.
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Ukraine has secured gas imports from Greece to support its winter energy needs, as announced by President Volodymyr Zelensky. The agreement provides an additional supply route for the colder months, with Ukraine aiming to secure nearly 2 billion euros to offset production losses due to Russian attacks. Kyiv has allocated funds for gas purchases through European partners and banks, while also working with Polish partners and Azerbaijan to secure long-term contracts. Furthermore, Zelensky announced sweeping reforms across state-owned energy companies following a corruption scandal involving embezzlement, including the immediate overhaul of key enterprises and the establishment of a new supervisory board at Energoatom.
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The G7 ambassadors have lauded Ukrainian President Volodymyr Zelenskyy for his support of NABU and SAPO’s independent investigation into a corruption scandal within the energy sector. This probe, dubbed “Midas,” focuses on alleged corruption at Energoatom, Ukraine’s state-owned nuclear energy company, and involves a businessman and co-owner of Kvartal 95. The ambassadors expressed hope for continued leadership from Zelenskyy in anti-corruption reforms, which are seen as crucial for Ukraine’s Euro-Atlantic integration. The European Commission has also acknowledged the investigation as proof of Ukraine’s anti-corruption bodies’ effectiveness.
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Following a $100 million corruption scandal involving state-owned energy companies, Ukrainian President Volodymyr Zelensky has announced a complete overhaul of the energy sector. The implicated individuals include some with close ties to the president, prompting an audit of financial activities, and the renewal of management. Zelensky has instructed government officials to cooperate with law enforcement and anti-corruption bodies, emphasizing transparency and integrity in the energy sector. The scandal has raised questions about Zelensky’s commitment to fighting corruption, particularly in light of previous decisions regarding the independence of anti-corruption agencies.
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An outbreak of the deadly Marburg virus has been confirmed in southern Ethiopia, as announced by the Africa Centres for Disease Control and Prevention. This highly contagious virus, similar to Ebola, causes severe bleeding, fever, and vomiting, with a fatality rate ranging from 25% to 80%. Ethiopian health authorities are working to contain the outbreak in the Jinka area, with investigations underway to analyze the virus strain and prevent further spread, particularly in East Africa. Currently, there is no approved vaccine or treatment, however, rehydration and symptom treatment have been shown to increase patient survival rates.
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Ukrainian Ombudsman Dmytro Lubinets reported that Russian forces are suspected of executing two captured Ukrainian servicemen near Zatyshshia, based on video evidence. Lubinets condemned this act as a deliberate violation of international law, part of a pattern of criminal behavior, and a grave violation of the Geneva Conventions. He has contacted the International Committee of the Red Cross and the United Nations, urging an immediate response to these systemic violations. This incident adds to reports of over 150 executed Ukrainian soldiers since the full-scale invasion began.
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Gen Z activists are currently demonstrating in Mexico City, voicing their discontent with the alleged protection of cartels by the government. These young protesters are specifically condemning the situation, labeling the state as a “narco-state.” However, President Sheinbaum has responded to the protests, claiming that the demonstrations are being supported by right-wing political parties.
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Tehran, Iran is currently experiencing a severe water shortage, with major reservoirs at critically low levels and residents facing nighttime water cutoffs. This crisis, the worst in approximately six decades, stems from record-low rainfall, government mismanagement, and the over-extraction of groundwater. Experts warn the city is approaching “day zero,” the point where taps run dry, which could lead to mass migration and further environmental damage. Climate change exacerbates the issue, making droughts more frequent and intense, and experts are warning of conflict in the region.
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In a recent development, two men have been arrested in connection with a mobile phone found in the House of Commons. The device, discovered during a routine sweep, was allegedly planted to disrupt parliamentary proceedings by playing sex noises during Prime Minister’s Questions. Police investigations suggest the phone was deliberately placed to cause disruption, leading to the arrest of a man in his 30s and another in his 60s, both on suspicion of attempting to intentionally cause a public nuisance. The incident prompted heightened security measures and reduced access to both the Commons and Lords chambers, reflecting the serious nature of the security breach.
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John Q. Hosedrinker