Saturday, March 26, 2022

ISRAEL AGREES WITH PUTIN UKRAINE FULL OF NAZI'S
My Word: Zelensky’s misfired speech

The vast majority of Israelis watching Zelensky’s address understood where he was coming from, just not where he was going. Perhaps desperation and frustration overtook him.

By LIAT COLLINS
Published: MARCH 24, 2022 
Jerusalem Post

People in Tel Aviv’s Habima Square watch Ukrainian President Volodymyr Zelensky’s video address to the Knesset on March 20.

(photo credit: CHEN LEOPOLD/FLASH90)


When Ukrainian President Volodymyr Zelensky addressed the Knesset by Zoom on Sunday, he opened his mouth and shot himself in the foot. In his 12-minute impassioned speech, instead of wooing more Israeli support, Zelensky seemed to be turning Israel into the enemy. “Apathy kills,” he told the parliamentarians and the general public. But Israelis are far from apathetic. They’re sympathetic. Empathetic, even.

Very few Israelis have never run for shelter in a rocket attack. We look at the images of refugees streaming across borders, seeking safety, and we easily imagine how that feels. We don’t need a history lesson from Zelensky. And we don’t need false comparisons to the Holocaust. Or a reminder that when Israel has been attacked by would-be invading armies, we have nowhere to run. MKs from the mainly Arab Joint List, by the way, boycotted Zelenksy’s speech because of the longstanding ties to Russia of the communist-affiliated Hadash faction.

Zelensky wanted to address the Knesset, even though it was in recess and the plenum is undergoing renovations. Risking the wrath of Russia – with whom Israel does now effectively share a border, given its entrenchment in Syria – the government and Knesset Speaker Micky Levy agreed, after some deliberations. The speech was delivered via Zoom and broadcast live on television and radio, as well as to a large group of supporters gathered in front of a screen at Tel Aviv’s Habima Square. Thankfully, the MKs were muted. I have no doubt they would have had what to say. Watching in my living room, I also found myself at times infuriated by the tone and words of the Ukrainian leader and was talking back at him.

Let me repeat here, as I wrote in a column earlier this month, one thing is clear in the Russian-Ukrainian conflict: Russia, led by Vladimir Putin, are the bad guys, who launched an unprovoked attack on a sovereign country. And Ukrainians, led heroically by Volodymyr Zelensky, are the victims, fighting for their freedom.

Zelensky is trapped between the devil and the deep Black Sea. He is literally fighting for his life and for his country. He is courageous. And he has chutzpah. Fighting back at Russia is more than justified, attacking Israel – even verbally – is not. Israel is overwhelmingly on his side, offering tons of humanitarian aid, setting up a field hospital, helping refugees cross borders to safety in neighboring countries and offering a safe haven here, particularly for Jews and those eligible to immigrate under the Law of Return.
Ukrainian President Volodymyr Zelensky addresses Israeli Knesset, public, in this image from Tel Aviv's Habima Square, March 20, 2022. (credit: NOAM MOSKOVITZ/KNESSET)

The vast majority of Israelis watching Zelensky’s address understood where he was coming from, just not where he was going. Perhaps desperation and frustration overtook him.

Quoting Kyiv-born Golda Meir saying: “We intend to remain alive. Our neighbors want to see us dead. This is not a question that leaves much room for compromise” was smart, although not for the first time, I wondered why Ukrainian-born former prime minister Levi Eshkol is so overlooked in comparison to Golda.

Mentioning Babyn Yar, the site where Nazis murdered at least 33,770 Jews over a two-day period, with the support of antisemitic Ukrainian collaborators, was less smart. And comparing the threat to Ukraine today to the Nazi actions against the Jews was simply wrong. Altogether, Zelensky, who is Jewish, seems to have misread where Israel stands on Holocaust analogies. Nothing, absolutely nothing, can be compared to the Shoah. Russia is carrying out a barbaric atrocity; it is not committing systematic genocide aimed at killing every single Ukrainian.

Comparing the Russian invasion to the German invasion of Czechoslovakia, while the West stood back, makes sense, but World War II and the Holocaust should not be considered synonymous. Incidentally, Zelensky earlier accused the Russians of deliberately attacking and destroying the Babyn Yar memorial, although this turned out to be incorrect.

“Ukrainians have made their choice 80 years ago. They rescued Jews. That is why the Righteous Among the Nations are among us. People of Israel, now you have such a choice,” Zelensky said. He should have rewritten his speech, rather than tried to rewrite history. Saying that the Ukrainian people helped save the Jews in the Shoah is not Holocaust denial, but Holocaust perversion, as a friend put it.

Making a direct plea for weapons, Zelensky said: “Everyone in Israel knows that your missile defense is the best... And you can definitely help us protect our lives, the lives of Ukrainians, the lives of Ukrainian Jews.”

It’s something I’ve heard and read many times since the start of the war last month. There is an expectation that Israel should provide Ukraine with the Iron Dome system. The Ukrainian ambassador in Israel has also turned that request into an outright demand.

It’s an emotional plea but not a practical one. Israel does not have Iron Dome systems to spare. Nor does it have spare stocks of missiles for it, particularly following the war last May when Hamas in Gaza launched thousands of rockets on Israeli civilians. The sophisticated systems do not operate themselves: They are only as good as the soldiers who activate them. Is Israel meant to place IDF soldiers on Ukrainian soil during the war? And how much protection could the Iron Dome provide the vast expanses of Ukraine, compared to tiny Israel? Also, Israel cannot risk an Iron Dome falling into Russian hands. Once they had finished analyzing exactly how it works, none of us would be safe again. Israel could not lend Ukraine the Iron Dome without explicit US approval but the US could choose to place Patriot missiles there without the permission of any other country. These are questions that should be put to Joe Biden and the rest of the West.

NO ONE should remain unmoved by the tragic plight of the refugees. The subject is also very much on Israeli minds, although opinion is divided. There are those like Interior Minister Ayelet Shaked who want to focus on the Jewish immigrants and people eligible under the Law of Return (with at least one Jewish grandparent). Others, including Diaspora Affairs Minister Nachman Shai, favor opening Israel’s borders to any Ukrainian who wants to come.


At the risk of suffering a talkback backlash, I am willing to come out in support of the former approach. Israel is the Jewish state, the Jewish home; supporting the immigration of Jews is part of its raison d’etre. Of course there are humanitarian exceptions that should be made, and Israel should continue to take in the direct descendants of Ukrainian Righteous Gentiles, those moral, courageous people who saved Jews in the Holocaust and were far less numerous than Zelensky would have us believe.


The threat by the Ukrainian ambassador to petition the High Court to allow open immigration strayed far from a diplomat’s job. Israel does not have a border with Ukraine. Every Ukrainian who arrives here, reportedly more than 13,500 so far, has come from another European country where they can legitimately claim refugee status.

As the Jerusalem Post’s Herb Keinon has pointed out “Jews count as refugees, too.”

Israel is preparing for a wave of immigrants not only from Ukraine. As the Post’s Zvika Klein noted this week, some 4,000 people from Ukraine have immigrated to Israel since the start of the war and the Jewish Agency has received over 25,000 aliyah inquiries from Ukraine and neighboring countries. Jews in Russia, Belarus and elsewhere are also looking to move to Israel as their lives grow more precarious.

One reason Israel needs to tread carefully with Russia, apart from security reasons relating to Syria and Iran, is that Putin could potentially hold thousands of Jews hostage.

My heart goes out to the Ukrainian people and their president, but he pressed the wrong emotional buttons when he addressed Knesset members. As appeals go, Zelenksy’s speech was not very appealing.
He was correct when he said: “You can mediate between countries but not between good and evil.” We all need to remember that the villain in this senseless war is Putin.

Amid Ukraine war, Russian official says six more nations need to be de-nazified

Amid Russia's invasion of Ukraine, a Russian official suggested that six more countries - Kazakhstan, Moldova, Poland, Lithuania, Latvia and Estonia - should be 'denazified'. As per NEXTA news organisation, the remarks were made by Moscow City Duma deputy officer.

Ukraine’s Zelenskyy delivers surprise speech at Doha Forum

Ukrainian president urges more efforts to end Russia’s aggression on his country

Ibrahim Mukhtar |26.03.2022
Ukrainian President Volodymyr Zelensky attends the Doha Forum via video conference in Doha, Qatar on March 26, 2022. ( Arif Akdogan - Anadolu Agency )


ANKARA

Ukrainian President Volodymyr Zelenskyy gave a surprise video speech to the Doha Forum international conference on Saturday, calling for more efforts to end Russia’s aggression on his country.

"Russia is deliberately bragging they can destroy with nuclear weapons, not only a certain country but the entire planet," Zelenskyy said.

"We have to ensure this sacred month of Ramadan is not overshadowed by the misery of people in Ukraine,” he added.

The Muslim fasting month of Ramadan is due to start next week.

The Ukrainian leader also called on energy producing countries to hike productions so that Russia cannot use its oil and gas wealth to “blackmail” other nations.

“The future of Europe depends on your effort,” Zelenskyy said. “I ask you to increase your energy output to ensure that everyone in Russia understands that no country can use energy as a weapon to blackmail the world.”

Zelenskyy also warned that no country is immune from the shocks of the impact of the Russian war on his country, citing the hike in food prices caused by disruption in the supply of wheat.

"They are destroying our ports," Zelenskyy said. "The absence of exports from Ukraine will deal a blow to countries worldwide."

Russia is the world’s largest exporter of wheat, and Ukraine is the fifth-largest. Together, they provide 19% of the world’s barley supply, 14% of wheat, and 4% of maize, making up more than one-third of global cereal exports.

The 20th edition of the Doha Forum kicked off in the Qatari capital on Saturday. The two-day program is attended by prominent speakers, including policy-makers, representatives of international organizations, business leaders, activists and the academia among others.

Addressing the opening session, Qatar's Emir Sheikh Tamim bin Hamad Al Thani said the Russian war on Ukraine has shown “beyond any doubt that the formulas upon which the international order was based in the aftermath of World War II - and after the end of the Cold War are changing.”

Russia began its war on Feb. 24. It has been met with international outrage, with the EU, US, and UK, among others, implementing tough financial sanctions on Moscow.

At least 1,081 civilians have been killed in Ukraine and 1,707 injured, according to UN estimates, while noting that the true figure is likely far higher.

More than 3.7 million Ukrainians have also fled to neighboring countries, with over 6.5 million displaced inside the country, according to the UN refugee agency.
Ukraine war: Trapped in Chernigiv, no let-up as Russian forces continue to advance

After more than four weeks of conflict, intense fighting was reported in a number of places on Saturday, suggesting there would be no swift let-up

Russian advance preventing evacuations from Chernigiv; control of town where workers at defunct Chernobyl nuclear plant live


Reuters
Published: Mar, 2022

A man walks among the debris of a burning house after a Russian attack in Ukraine. Photo: AP

The mayor of a war-scarred town in northern Ukraine said Saturday that the slow advance of Russian troops means that large-scale evacuations from the town are no longer possible. Chernigiv has been a centre of fighting between Russian troops and Ukraine’s army since Moscow sent troops into its pro-democratic neighbour just over one month ago.

Earlier this week, city officials said Russian troops had deliberately targeted a key bridge linking the northern town with the capital Kyiv, restricting opportunities to leave. “City officials can no longer arrange humanitarian corridors or evacuate the wounded,” Chernigiv mayor Vladislav Atroshenko told reporters, adding that a pedestrian crossing leaving the city was under “constant” attack from Russian troops.

Ukraine war: Nato defence vow ‘sacred’ says Biden
26 Mar 2022

“We are deciding on how to get the seriously injured out by any means. We can’t operate on them locally,” he said, saying some 44 people, both military and civilians were in need of medical attention.

He said that more than 200 civilians had been killed in the city since Russian forces invaded Ukraine on February 24, and that 120,000 remain in the city of an estimated pre-invasion population of nearly around 280,000.

Chernigiv’s damaged city centre after a Russian air raid in Ukraine. Photo: AP


Russian forces also took control of a town where workers at the defunct Chernobyl nuclear plant live, the governor of Kyiv region said on Saturday, and fighting was reported in the streets of the besieged southern port of Mariupol.

After more than four weeks of conflict, Russia has failed to seize any major Ukrainian city and on Friday Moscow signalled it was scaling back its military ambitions to focus on territory claimed by Russian-backed separatists in the east.

A Ukrainian couple near the remains of a building destroyed by Russian shelling. Photo: dpa

However, intense fighting was reported in a number of places on Saturday, suggesting there would be no swift let-up in the conflict, which has killed thousands of people, sent some 3.7 million abroad and driven more than half of Ukraine’s children from their homes, according to the United Nations.

Russian troops seized the town of Slavutych, which is close to the border with Belarus and is where workers at the Chernobyl plant live, the governor of Kyiv region, Oleksandr Pavlyuk, said.

Has Putin scaled back his ambitions in search of a way out of war?
26 Mar 2022


He added that the soldiers had occupied the hospital and kidnapped the mayor. The reports could not be independently verified.

Slavutych sits just outside the so-called exclusion zone around Chernobyl – which in 1986 was the site of the world’s worst nuclear disaster – where Ukrainian staff have continued to work even after the plant itself was seized by Russian forces soon after the start of the February 24 invasion.

Odesa falls silent as troops fortify Ukrainian city and residents flee fearing Russian advance

Authorities in the Ukrainian capital, Kyiv, have announced a new 35-hour curfew in the city. Kyiv Mayor Vitali Klitschko said the curfew will run from 8pm local time on Saturday to 7am on Monday, with local residents allowed to leave their homes only to get to a bomb shelter.

Klitschko said that shops, pharmacies, gas stations and public transport will not be operating during the curfew.




CENSORSHIP IS...
YouTube removes channel of Russian prankers Vovan, Lexus after hoaxing UK Ministers


ANI
26th March 2022, 

Moscow [Russia], March 26 (ANI/Sputnik) - YouTube removed the channel of Russian hoaxers Vladimir Kuznetsov and Alexey Stolyarov, known as Vovan and Lexus, respectively, where footage of prank telephone calls with UK Defense Secretary Ben Wallace and Home Secretary Priti Patel was published.

"The YouTube account associated with this video has been terminated," a YouTube message read.

The prankers claim that they managed to hold a video call with Wallace on March 17 while impersonating Ukrainian Prime Minister Denys Shmyhal. They have published eight clips from the conversation, which include the discussion of the status of Ukraine in NATO, arms supplies and involvement of foreign mercenaries in the conflict, as well as a possibility of Kyiv acquiring nuclear weapons.

On March 17, Patel tweeted that she had also been hoaxed. On March 25, prankers released footage of them tricking Patel into a video call. Again posing as Shmyhal, the due asked the minister whether UK families would feel secure allowing Ukrainian nationalists and neo-Nazis inside, to which Patel said that they are not.

On February 24, Russia launched a military operation in Ukraine after the breakaway republics of Donetsk and Luhansk appealed for help in defending themselves against Ukrainian forces. In response to Russia's operation, Western countries have rolled out a comprehensive sanctions campaign against Moscow. 

(ANI/Sputnik)
Israeli, Palestinian women call to revive peace talks

Hundreds meet by Dead Sea to call on political leaders to work toward peace

By KHALED ABU TOAMEH
Published: MARCH 26, 2022 1

Hundreds of Israeli and Palestinian women held a meeting at the Dead Sea on Friday
(photo credit: WOMEN WAGE PEACE)

Hundreds of Israeli and Palestinian women met by the Dead Sea on Friday to encourage their leaders to launch negotiations toward a political agreement ensuring a future of freedom, peace and security for both peoples.

The Israeli women were represented by Women Wage Peace, the largest grassroots movement in Israel with 50,000 registered members. The movement was granted special consultative status to the United Nations and works to promote political solutions with the Palestinians.

The Palestinian women were represented by a movement called Women of the Sun, founded last July. Its members come from different parts of the West Bank, east Jerusalem and the Gaza Strip.

They met at Neve Midbar Beach, at the northern end of the Dead Sea.

Over the past few months, the Israeli and Palestinian women have held a series of meetings and formulated a “joint platform,” which reflects the sensitivities on both sides and respects their needs, challenges and capabilities.
THE MARCH OF HOPE, organized by Women Wage Peace, makes its way to the Prime Minister’s Residence in Jerusalem last week. (credit: MARC ISRAEL SELLEM/THE JERUSALEM POST)

The two movements say that they are not affiliated with any particular political party.

“We believe that the majority of the people of our nations share our mutual desire. Therefore, we demand that our leaders listen to our call and promptly begin peace talks and negotiations, with resolute commitment to achieving a political solution to the long and painful conflict, within a limited time frame,” the women proclaimed in their platform.

“We are calling on the peoples of both nations – Palestinian and Israeli, and peoples of the region – to join our call and demonstrate their support for the resolution of the conflict,” they wrote. “We are calling on our leaders to show courage and vision in order to bring about this historic change, to which we all aspire. We join hands with determination and partnership to bring back hope to our peoples.”

Over the next year and a half, the Israeli and Palestinian female activists are planning to hold a series of joint activities to demonstrate the strength of both movements.

“We hope that this partnership between Women of the Sun and Women Wage Peace will be the first step toward a just peace and security to put an end to war and destruction. We want to live respectfully and peacefully,” said Aaisha Faras, one of the founders and leaders of Women of the Sun.

“Today no less than a historic event took place. It began with a small group of courageous Palestinian women, who in a short time succeeded in enlisting over 1,000 supporters. Young women and older women who, together with us, decided to stop being silent and to create another path,” Yael Admi, one of the founders and leaders of Women Wage Peace said, summing up the event.

“The time has come for a courageous leadership to create a reality of peace and a different future for our children.”
BECAUSE OF COURSE THEY DO...
Russia conducts military drills on isles disputed with Japan -media
2022/3/26 

(Reuters) - Russia was conducting drills on islands claimed by Tokyo, Japanese media said on Saturday, days after Moscow halted peace talks with Japan because of its sanctions over Russia's invasion of Ukraine.

Russia's Eastern Military District said it was conducting military drills on the Kuril islands with more than 3,000 troops and hundreds of pieces of army equipment, Russia's Interfax news agency said Friday.

It did not say where on the island chain, connecting Russia's Kamchatka peninsula and Japan's northernmost main island of Hokkaido, the drills were taking place. Japanese media said they were on territory the Soviet Union seized at the end of World War Two that is claimed by Tokyo.

Japan's Foreign Ministry and Prime Minister's Office could not be reached outside business hours to comment on the exercises.

The territorial dispute over the four islets - which Russia says are part of its Kuril chain and which Japan calls its Northern Territories - has prevented Tokyo and Moscow from reaching a peace treaty formally ending hostilities.

Japan reacted angrily on Tuesday after Russia withdrew from long-running treaty talks and froze joint economic projects related to the islands, in retaliation for Japan joining Western sanctions over Moscow's month-old invasion.

Russia's exercises involved repelling amphibious warfare, including destroying defence aircraft carrying troops and testing skills to operate fire control systems of anti-tank guided missiles, Interfax said.

"In addition to this, units of the Air Defense Forces are carrying out a set of measures to detect, identify and destroy aircraft of a mock enemy that would carry out an airborne assault," the agency cited the District's press service as saying.

(Reporting by Lidia Kelly in Melbourne; Additional reporting by Junko Fujita in Tokyo; Editing by William Mallard)

Charting the Global Economy: Factory Costs Surge From Russia War

(Bloomberg) --

Manufacturers around the world are facing even higher costs as Russia’s war in Ukraine enters its second month, threatening to push decades-high inflation up even more.

With those kinds of price pressures, the standard of living in the U.K. is falling at the fastest pace in at least six decades. Russians are feeling the pain of Vladimir Putin’s war as prices for basic goods like sugar shot up 14% in just a week, and its economy is set to undo more than a decades-worth of growth by the end of next year. 

Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy: 

World 

Factories from Australia to Europe are seeing already surging costs jump further as Russia’s war in Ukraine and the barrage of sanctions rolled out in response roil commodity markets and trade. While the relaxation of pandemic restrictions helped overall business activity weather the initial shock from the invasion, dwindling confidence is threatening economic growth in the coming months.

Workers in Europe’s biggest economies are among the least likely to be seeking pay rises in the next year, despite feeling some of the biggest pressures from rising prices. It may allay concerns at central banks about the potential for an inflationary spiral in wages.

Emerging Markets

The inflation shock upending Russia’s economy has shown little sign of letting up, increasingly spreading to basic goods from onions to tea after supply disruptions and the ruble’s collapse that followed the invasion of Ukraine. In a single week, the price of sugar increased as much as 37.1% in some Russian regions and rose nearly 14% on average nationwide.

Russia is set to erase 15 years of economic gains by the end of 2023 after its invasion of Ukraine spurred a multitude of sanctions and prompted companies to pull out of the country, according to the Institute of International Finance.

Mexico’s central bank confirmed its latest interest-rate hike hours after President Andres Manuel Lopez Obrador announced the half-point increase, an unprecedented disclosure that raised questions about Banxico’s independence.

U.S.

Where can the world quickly turn to for more oil? The answer, it turns out, isn’t the traditional powerhouse of OPEC or the promising new offshore fields of Brazil. Instead, the weight of the oil world is falling squarely on the shoulders of a few counties tucked into lonely corners of the U.S. Southwest.

The pandemic pushed millions of older Americans out of the labor force. It should have spawned a surge in Social Security benefits applications — but it hasn’t. Perhaps because they aren’t retired.

Europe

U.K. Chancellor of the Exchequer Rishi Sunak unleashed a set of tax cuts on Wednesday designed to appeal to his Conservative Party, but still left Britons facing the worst squeeze on living standards in at least six decades.

Asia

Congestion in the key Chinese ports of Shenzhen and Hong Kong due to Covid-19 lockdowns has risen to the highest level in five months, posing possible delays to goods heading to the U.S. this summer. There were approximately 174 vessels anchored or loading off the South China hubs, the largest number since Oct. 21, when the region dealt with the aftermath of Typhoon Kompasu.

China’s government stockpiled a record amount of cash in the first two months of the year instead of spending it, despite numerous pledges by top officials to speed up fiscal stimulus to boost the economy.

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

©2022 Bloomberg L.P.

France Wants Care Home Firm Orpea to Return Funds: Minister

(Bloomberg) -- The French government is filing a legal complaint against Orpea SA and wants the elderly care home operator to return millions of euros in public funds it believes were misused.

“The State is filing a complaint,” Brigitte Bourguignon, the junior minister for elderly policy, said in an interview Saturday on France Inter radio. It follows two government probes into mistreatment at Orpea’s care homes that found “serious dysfunctions,” she added.

France will seek to get back money awarded to the company that was not properly used for the care of the elderly, she added. Those funds represent “various millions of euros,” she said.

Orpea has been embroiled in a scandal for the past two months following the publication of a book called “The Gravediggers” by investigative journalist Victor Castanet that described care home residents’ mistreatment. 

“There were flaws on the human side and the organizational side” as well as in the company’s finances, said Bourguignon. 

Orpea shares have lost almost 60% of their value since the start of the year. The first extracts of the book were published in Le Monde on Jan. 24.

The company didn’t immediately reply to an email and call requesting comment outside of normal business hours.

©2022 Bloomberg L.P

Amazon Games Studio Head Frazzini Steps Down


(Bloomberg) -- Mike Frazzini, a longtime Amazon.com Inc. employee who helped start Amazon Game Studios, is stepping down. The executive told staff Friday he was leaving to focus on his family, said Amazon spokesman Ryan Jones.

Amazon Game Studios was an expensive endeavor for the e-commerce giant, costing hundreds of millions of dollars a year, but for years failed to produce hit games. Frazzini, who previously worked in the books section of Amazon, was a relative game novice when he became head of the division. Some employees had criticized him for veering too far from game-making’s traditional playbook, Bloomberg reported last year.

The company did have a breakout hit this fall, with its release of online PC game New World. At a conference soon after the game's release, Amazon Chief Executive Officer Andy Jassy said that gaming could become the company’s largest entertainment category. Following New World's warm reception, former Amazon boss Jeff Bezos tweeted: “After many failures and setbacks in gaming we have a success. … Don’t give up no matter how hard it gets.”

©2022 Bloomberg L.P.

India Asks Power Firms to Import Coal on Electricity Demand

A freight train laden with coal stands on the tracks in Paradeep, Odisha, India, on Monday, May 6, 2019. Authorities launched a massive restoration-and-relief effort after Cyclone Fani left a trail of damage in eastern India and Bangladesh. Photographer: Dhiraj Singh/Bloomberg

(Bloomberg) -- India asked power manufacturers to keep importing coal to meet increasing demand for electricity even as prices of the fossil fuel surged.

The power companies need to resolve issues related to rising prices and stick to the power-purchase agreement, the Ministry of Power said in a statement on Saturday. 

“Not maintaining adequate fuel stocks or not giving availability on any pretext (such as high price of imported coal etc.) is inexcusable,” the government said.

Coal’s Comeback in India Shows Scale of Climate Challenge

Key coal prices hit record levels in the wake of Russia’s invasion of Ukraine as utilities in Europe, along with other major consumers, hunt for alternatives to cargoes from Russia. The fossil fuel contributes nearly 70% of India’s electricity supply and most Indian power producers import the dirty fuel to blend with local coal to generate electricity.  

“It is requested that necessary action may be taken to import coal in transparent and competitive manner for blending purpose based on demand assessment and to deal with any shortfall of coal availability,” the government said.

Coal Surges 35% in One Week on Warning Supplies Are Sold Out

©2022 Bloomberg L.P.