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Russian drone hits Ukrainian gas production facilities

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Ukrainian state-run oil and gas firm, Naftogaz, and Energy Minister German Galushchenko on Tuesday said Ukraine’s natural gas production facilities were damaged in a Russian attack on the central Poltava region overnight.

Naftogaz, in a statement, said its production facilities in the Poltava region were damaged, however there were no casualties.

The company said it was taking all necessary measures to stabilise the gas supply situation in the Poltava region.

The Poltava regional military administration said earlier on Tuesday that as a result of missile strikes, nine settlements in Myrhorod district were left without gas supply.

Russia, which previously focused its missile and drone attacks on the Ukrainian electricity sector, has in recent months sharply stepped up its attacks on the Ukrainian gas storage facilities and production fields.

It was gathered that Ukraine’s underground gas storage facilities are located in the western part of the country, while the main Ukrainian gas production capacities are located in the east of the country in the frontline Kharkiv region, as well as in the Poltava region.

Meanwhile, Ukraine’s state-run operator of the gas transmission system said on Tuesday the country would likely increase natural gas imports to more than 16.7 million cubic metres (mcm) on Tuesday from 16.3 mcm on Monday.

However, the former head of Ukrainian gas transmission system said that gas reserves in storage were close to critically low and this significantly reduced the ability to extract enough gas for daily consumption.

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International

Russian missing plane found in Forest – No Survivors

Amur’s regional governor Vasily Orlov said five children were among those on board and declared three days of mourning.

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Russian officials say 48 people were killed when an Angara Airlines plane went down in a dense forest in the far-eastern Amur region.

The Antonov An-24 plane, carrying 42 passengers and six crew, had left Blagoveshchensk close to the Chinese border and vanished from radar screens as it approached Tynda airport, officials said.

A Russian civil aviation helicopter then spotted burning fuselage from the plane on a remote hillside about 16km (10 miles) from Tynda.

Amur’s regional governor Vasily Orlov said five children were among those on board and declared three days of mourning.

Orlov said that according to preliminary data, there were 43 passengers, including five children, and six crew members on board the plane operated by a Siberian airline.

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EU ready to hit US with 21-billion-euro tariff list

He said the goal should be “zero tariffs” and an open market among Canada, the United States, Mexico and Europe.

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MILAN (Reuters) -The European Union has already prepared a list of tariffs worth 21 billion euros ($24.52 billion) on U.S. goods if the two sides fail to reach a trade deal, Italy’s Foreign Minister Antonio Tajani said in a newspaper interview on Monday.

President Donald Trump on Saturday threatened to impose a 30% tariff on imports from Mexico and the EU starting on Aug. 1, after weeks of negotiations with major U.S. trading partners failed to reach a comprehensive deal.

Tajani also told daily Il Messaggero that to help the euro zone economy the European Central Bank should consider a new “quantitative easing” bond-buying-programme, and more interest rate cuts.

The European Union said on Sunday it would extend its suspension of countermeasures to U.S. tariffs until early August and continue to press for a negotiated settlement.

Tajani said the 21-billion-euro package of tariffs the EU has already prepared could be followed by a second set if a deal with the U.S proves impossible.

He added, however, that he was confident that progress could be made in negotiations.

“Tariffs hurt every one, starting with the United States,” he said. “If stock markets fall that puts at risk the pensions and the savings of the Americans.”

He said the goal should be “zero tariffs” and an open market among Canada, the United States, Mexico and Europe.

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Senegal scraps Akon’s $6bn Wakanda-inspired city project

Akon will retain just 8 hectares of the original land allocation, which will be absorbed into the broader development.

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• Akon

The government of Senegal has cancelled Akon’s $6 billion plan to build a futuristic “Akon City” on the country’s Atlantic coast, after years of inaction and missed payments by the Senegalese-American singer.

Bloomberg reports that the project, first announced in 2020, was pitched as a tech-driven smart city inspired by Marvel’s Wakanda and promised to transform the quiet village of Mbodiène into a modern hub powered by solar energy and Akon’s own cryptocurrency.

But five years later, the Senegalese government has reclaimed most of the 136 acres of land initially allocated to the singer, after construction failed to begin and financial commitments were not met.

“That project no longer exists,” Serigne Mamadou Mboup, head of Sapco-Senegal, the state agency responsible for developing coastal and tourism zones, told L’Agence de presse sénégalaise.”

Bloomberg reports on Wednesday that SAPCO said it would now pursue a scaled-down, state-backed tourism project in the same area, with a budget of 665 billion CFA francs (about $1.2 billion), largely sourced from private investors.

Akon will retain just 8 hectares of the original land allocation, which will be absorbed into the broader development.

Despite the setback, officials say the revised plan could generate up to 15,000 jobs in its first phase, offering long-awaited economic hope for Mbodiène residents.

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