Australia joins regional leaders in NATO visit

Australian Prime Minister Anthony Olbanese will head to Europe for a NATO summit in late June, which the new prime minister described as a demonstration of support for Ukraine in the face of Russia’s “robbery, illegal behavior”.

Japanese Prime Minister Fumio Kishida and South Korean President Yun Suk Yel also plan to attend. Their presence at the Madrid summit will be a precedent visit by the leaders of the two US allies, which are Russia’s neighbors, which contributes to the military alliance’s support for the Indo-Pacific forces.

The leaders of Germany, France and Italy pledged support for Ukraine’s bid to join the European Union after talks with President Vladimir Zelensky during a visit to Kyiv aimed at showing unity in the face of the Russian invasion. Natural gas prices in Europe jumped when Moscow tightened its flows to the continent in a move that Italian Prime Minister Mario Draghi called politically motivated.

(See RSAN at Bloomberg’s terminal for the Russian sanctions dashboard.)

Eni says Gazprom will deliver 50% of requested gas by June 17th (9:04 a.m.)

Eni said Gazprom had announced it would supply only 50% of Italy’s gas requested for June 17th.

Eni has submitted a daily gas demand of approximately 63 million cubic meters, the Italian company said on its website. The actual delivered volumes are almost unchanged compared to the amounts on Thursday.

The struggle for control over Severodonetsk continues (8:54 am)

Russia continues to shell Severodonetsk in a bid to capture the city, which is crucial for Ukraine’s defense in Luhansk Oblast, and is also advancing on Slavyansk, another key city in Donetsk Oblast, amid fierce fighting, Ukraine’s military headquarters said. .

Oil loss weekly kit (6:23 a.m.)

Oil is heading for its first weekly decline since April after a period of volatile trading as investors assess the prospect of further tightening funds from central banks to curb rampant inflation.

Russia’s invasion of Ukraine has inflated inflation and helped raise the price of everything from food to fuel. US retail gasoline prices have repeatedly broken records, with the national average recently exceeding $ 5 a gallon. The White House is weighing restrictions on fuel exports to try to alleviate the pain in the pump.

Australian PM to attend NATO in June (2:53 p.m.)

In an interview with Sky News Australia, Albanese did not confirm whether he would accept Zelensky’s invitation to visit Kyiv, but said he would attend the June 29 meeting of the North Atlantic Treaty in Madrid.

“I’m going to NATO as a priority because Australia is, in fact, the largest non-NATO player in efforts to support Ukraine’s sovereignty and to support the people of Ukraine to counter this bandit, illegal behavior by Russia,” Albanese said. .

Read more: Kishida will be the first Japanese prime minister to attend the NATO summit

Russia’s war pushes global shift to record, UN agency (1:30 p.m.)

The Russian invasion of Ukraine caused one of the fastest and largest displacements since World War II and has helped increase the number of people forced to flee their homes worldwide to its highest annual level since the United Nations began to traces.

UNHCR, the United Nations High Commissioner for Refugees, said in a report that by the end of 2021, the number of people “displaced by war, violence, persecution and human rights abuses” was 89.3 million worldwide, more than two times compared to a decade ago. . The numbers are rising this year, and by May 2022, more than 100 million people had been forcibly displaced, the report said. The war, which the war in Ukraine has displaced about 8 million in the country this year, says it.

US sails captured Russian megayacht to Hawaii (1:06 am)

US authorities sail $ 325 million yacht seized last week, linked to Russian billionaire Suleiman Kerimov, to Hawaii – a big profit for the Biden administration as it seeks to confiscate Russian assets and punish oligarchs for their invasion of Ukraine .

The 348-foot Amadea, now flying the American flag and being serviced by a new crew, docked in Hawaii on Thursday morning local time, according to data from the ship collected by Bloomberg and space analytics company Spire Global Inc.

Follow Amadea’s journey here.

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