Ukraine Invasion Fallout.
The Zaporizhzhia plant, Europe's largest, had its last remaining main external power line cut off as the war between Russia and Ukraine continues. UN Inspectors have sounded a warning of a potential disaster on the cards as the plant has become the focal point of the conflict. The plant was seaized by Russian troops shortly after the February 24 invasion with each side blaming the other for nearby shelling.
As the war continues to drag on, its impact on energy supplies and prices around the world remains a serious concern as Moscow has shut down its main gas pipeline to Germany in order to hurt Ukraine's allies in the West. This move of course comes in response to the decision by G7 countries to impose a price cap on Russian oil exports. There are fears that the situation will worsen a lot more with the continued closure of the Nord Stream 1 pipeline as Europe prepares for a severe winter.
Moscow has cited Western sanctions and technical issues for energy disruptions, while European countries have accused Russia of weaponising supplies as part of its military invasion. It is hard to see how this deadlocked will be resolved with both sides unwilling to budge even an inch. Russia has clearly...
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