S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68

Live updates | Pipeline operator stops gas in 1 Ukraine hub

Wednesday, May 11, 2022 | The Associated Press


In this image from video provided by the Ukrainian Presidential Press Office, Ukrainian President Volodymyr Zelenskyy speaks from Kyiv, Ukraine, Tuesday, May 10, 2022. (Ukrainian Presidential Press Office via AP)

Ukraine’s natural gas pipeline operator has stopped Russian shipments through a key hub in the east of the country.

Wednesday's move was the first time natural gas supply has been affected by the war that began in February. It may force Russia to shift flows of its gas through territory controlled by Ukraine to reach its clients in Europe.

Russia’s state energy giant Gazprom initially said it couldn’t reroute the gas, though preliminary flow data suggested higher rates moving through a second station in Ukrainian-controlled territory.

The pipeline operator said Russian shipments through its Novopskov hub, in an area controlled by Moscow-backed separatists, would be cut because of interference from “occupying forces,” including the apparent siphoning of gas.

the Ukrainian pipeline operator said the hub handles about a third of Russian gas passing through Ukraine to Western Europe. Russia’s state-owned natural gas giant Gazprom put the figure at about a quarter.

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KEY DEVELOPMENTS IN THE RUSSIA-UKRAINE WAR:

— Ukrainians make gains in east, stop Russian gas at one hub

— Wartime birth amid the air raid sirens in Ukraine hospital

— US, Western Europe fret over uncertain Ukraine war endgame

— Fighters appeal for evacuation of wounded from Mariupol mill

— House approves $40B in Ukraine aid, beefing up Biden request

— Leonid Kravchuk, independent Ukraine’s 1st president, dies

— Ambassador nominee for Ukraine seeks quick embassy reopening

— Follow all AP stories on Russia’s war on Ukraine at https://apnews.com/hub/russia-ukraine

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OTHER DEVELOPMENTS:

The British military says Ukraine’s targeting of Russian forces on Snake Island in the Black Sea is helping disrupt Moscow’s attempts to expand its influence in the Black Sea.


In a daily intelligence briefing posted to Twitter on Wednesday, the British Defense Ministry said “Russia repeatedly (is) trying to reinforce its exposed garrison located there.”

It added: “Ukraine has successfully struck Russian air defenses and resupply vessels with Bayraktar drones. Russia’s resupply vessels have minimum protection in the western Black Sea, following the Russian Navy’s retreat to Crimea after the loss of the Moskva.”

This corresponds to satellite photos analyzed by The Associated Press this weekend showing the fighting there.

The British military warned: “If Russia consolidates its position on (Snake) Island with strategic air defense and coastal defense cruise missiles, they could dominate the northwestern Black Sea.”

___

WASHINGTON — The U.S. House emphatically approved a fresh $40 billion Ukraine aid package Tuesday as lawmakers beefed up President Joe Biden’s initial request, signaling a magnified, bipartisan commitment to thwart Russian President Vladimir Putin’s bloody three-month-old invasion.

The measure sailed to passage by a lopsided 368-57 margin, providing $7 billion more than Biden’s request from April and dividing the increase evenly between defense and humanitarian programs.

The bill would give Ukraine military and economic assistance, help regional allies, replenish weapons the Pentagon has shipped overseas and provide $5 billion to address global food shortages caused by the war’s crippling of Ukraine’s normally robust production of many crops.

The new legislation would bring American support for the effort to nearly $54 billion, including the $13.6 billion in support Congress enacted in March.

That’s about $6 billion more than the U.S. spent on all its foreign and military aid in 2019, according to a January report by the nonpartisan Congressional Research Service, which studies issues for lawmakers.

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Ukraine President Volodymyr Zelenskyy cited some good news Tuesday from the front, where he said the Ukrainian military was gradually pushing the Russian troops away from Kharkiv.

The Ukrainian General Staff said its forces drove the Russians out of four villages to the northeast of Kharkiv as it tries to push them back toward the Russian border.

Meanwhile Tuesday, Ukrainian officials say Russian missiles pummeled the vital port of Odesa, apparently as part of efforts to disrupt supply lines and weapons shipments critical to Kyiv’s defense.

Ukraine’s ability to stymie a larger, better-armed Russian military has surprised many who had anticipated a much quicker conflict.

With the war now in its 11th week and Kyiv bogging down Russian forces in many places and even staging a counteroffensive in others, Ukraine’s foreign minister appeared to voice confidence that the country could expand its aims beyond merely pushing Russia back to areas it or its allies held on the day of Feb. 24 invasion.


7 Agricultural Technology Stocks to Buy as Commodity Prices Remain Volatile

Agriculture stocks have a place in every investor's portfolio. The fact is that the byproduct of agriculture literally feeds the world. But for a variety of reasons, supply and/or demand can be disrupted. For example, the weather is often a concern. Farmers are always subject to periods of drought or flooding.

 But the past few years have shown how this sector is not immune from geopolitical concerns. The Covid-19 pandemic affected supply chains on top of seeing demand destruction in key markets. And this year, the world is seeing how interconnected we've become. Russia's war on Ukraine is shutting in a large percentage of the world's wheat supply.

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View the "7 Agricultural Technology Stocks to Buy as Commodity Prices Remain Volatile".


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