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After consistently refusing to provide lethal aid to Ukraine, German Chancellor Olaf Scholz announced Saturday that his country will send 1,000 anti-tank weapons and 500 Stinger surface-to-air missiles to Ukraine, Axios reports . According to Politico Europe , Scholz said the Russian invasion "marks a turning point" that "threatens our entire post-war order" and that "it is our duty to do our utmost to support Ukraine in defending itself." Breaking: German government just decided to deliver 1,000 anti-tank weapons and 500 "Stinger" surface-to-air missiles from Bundeswehr stocks to Ukraine to support the country against Russian attack. "The weapons will be delivered to Ukraine as soon as possible," spox said. — Hans von der Burchard (@vonderburchard) February 26, 2022 Germany also changed its position on sanctions. After initially opposing any move to bar Russia from the international financial intermediary Swift , Germany said it supported finding a "targeted and functional" way to boot Russia that would "limit collateral damage," Bloomberg reported .

Germany will send 1,000 anti-tank weapons and 500 Stinger missiles to Ukraine, marking a complete reversal in Berlin''s restrictive arms export policy, German Chancellor Olaf Scholz announced Saturday. Why it matters: Germany has for months come under intense criticism for its response to Russia''s aggression toward Ukraine. The government said its "historical responsibilities" prevented it from shipping arms to conflict zones, and had previously blocked other NATO allies from transferring German-origin weapons to Ukraine. What they''re saying: "The Russian attack marks a turning point. It is our duty to do our best to help Ukraine defend against the invading army of Putin . That''s why we''re supplying 1000 anti-tank weapons and 500 stinger missiles to our friends in the Ukraine," Scholz tweeted. Germany will also lift its ban on other countries exporting German-origin weapons, allowing the Netherlands to transfer 400 rocket-propelled grenade launchers to Ukraine. The big picture: Germany is the largest economy and most powerful country in the European Union, making its voice and policy positions critical to the effectiveness of the West''s response to Russia''s invasion.

BRUSSELS: The EU has agreed to freeze European assets linked to Russian President Vladimir Putin and Foreign Minister Sergei Lavrov over their decision to invade Ukraine, EU officials said on Friday (Saturday in Manila). "We are hitting Putin''s system where it has to be hit, not only economically and financially, but also at the heart of its power," German Foreign Minister Annalena Baerbock said as she arrived for a meeting in Brussels with EU counterparts. That is why "we now list also the president, Mr Putin, and foreign minister Lavrov" to a packet of fresh sanctions agreed by EU leaders overnight, she said. The EU foreign ministers were to formally approve the sanctions, described as the harshest ever imposed by the bloc. They hammer Russia''s financial, energy and transport sectors, curb the ability of Russians to keep large amounts of cash in EU banks, and greatly expand the number of Russians on the EU''s list of individuals barred from entering the bloc''s 27 countries and freezing any EU assets.

LONDON (Reuters) – The Ukrainian government has instructed power stations to switch over to natural gas to preserve strategic coal reserves, the CEO of DTEK said on Saturday.

Luongo: Putin Ushers In The New Geopolitical Game Board Authored by Tom Luongo via Gold, Goats, ''n Guns blog, Up until February 23rd, 2022, the powerful countries of the world played a very rarified game. Too many people try to analyze geopolitics like it is a game of chess. Move, counter-move. Push a pawn? Threaten a knight, that type of thing. It’s easy to understand and makes for good copy. In the past I’ve tried to liken it to a multi-player version of Go , with anywhere from four to 6 different colored stones on the board trying to take territory. It was a better metaphor but nearly impossible to describe adequately. In fact, at times, it was exhausting. The reality is that neither of these metaphors are explanatory. Because the only accurate model for geopolitics is actually Calvinball. You know that game. That’s the one from Calvin & Hobbes . Contrary to your memory of the legendary comic strip, there were rules to Calvinball that went something like this. Calvin got to make the rules up as he went along.

The world is trying to balance sustainability with surging demand for resources (oil, natural gas, metals, and more). Top experts discuss the impact on the investing landscape.

Russia''s attack on Ukraine has whipsawed energy markets, not least because Europe depends on Russian supplies of natural gas

U.S. Highlights The Russian invasion of Ukraine shook markets this week with the S&P 500 entering correction territory before making gains Friday. Given Russia’s role as a key global energy producer, market concerns about supplies have driven prices for oil and natural gas higher. For the U.S., the most immediate impact will come from higher […] The post The Weekly Bottom Line: Commodity Prices Rise Ahead of Key BoC Meeting appeared first on Action Forex .

Lethbridge East MLA and UCP Caucus Chair, Nathan Neudorf, says with the new tabled budget Albertans can expect to see a little relief on their bills including their natural gas and electric bills.

Even as gunfire sounded in Ukraine’s capital, natural gas kept flowing normally Friday through the major pipelines from Russia to Europe. But the invasion and accompanying sanctions are casting a shadow over longstanding energy ties, both for the coming weeks and longer-term. The world is already facing high energy prices and a supply crunch that […]

As Western Europe looks to wean itself from reliance on Russian natural gas, a turn toward US supply could spark a bull-market cycle for the domestic market, lending support to developers and producers. In February, nearly three-quarters of US LNG exports cargoes are now destined for Europe, incentivized by high prices. At the continent''s benchmark Dutch TTF hub, supply concerns…

The risk of disruption to shipments comes as costs for fertilizers have already been skyrocketing because of high prices for natural gas in Europe.

BERLIN, Feb. 25 (Xinhua) -- Germany''s supply of natural gas is secure even if prices continue to rise, the government said in a statement on Friday. Gas stocks in storage facilities earmarked for particularly cold winter days have recently fallen to less than one-third, but this has already been remedied, according to the statement. "We have stabilized the levels in the storage facilities so that we can s

Natural gas prices moved lower on Friday. Natural gas prices in Europe continue to remain elevated and higher LNG exports will lead to stronger demand. The EIA announced a larger than expected decline in natural gas inventories put upward pressure on prices on Thursday. Natural gas finished in the black for the week but well …

Anyone disappointed with Nigeria’s failure of her citizens stranded in war-torn Ukraine must have expected too much from the country''s officials. The Ministry of Foreign Affairs'' bumbling of its responsibility to these Nigerians in the Diaspora was laid bare when they issued a statement expressing surprise over Russia’s invasion of Ukraine , its southern neighbour. Before Abuja woke from its slumber to express surprise over what was imminent, serious nations of the world had issued advisories and evacuated their citizens to safety. While reporting this national shame yesterday, CNN stated that while other governments were busy evacuating their citizens from war-torn Ukraine, Nigerian students said they''ve been basically told by their embassy in Kyiv that: “ You’re on your own ”! Following months of belligerence, Russian attacked Ukraine on Thursday morning after President Vladimir Putin announced a full-scale military operation. Over 100,000 troops were deployed by Kremlin to surround Ukraine on three sides “like a sickle”.