International News
Ukraine’s halt of Russian gas transit raises supply, price concerns
Valletta, Jan 2: The halt in Russian gas transit through Ukraine has sparked fears of supply shortages and soaring energy costs, particularly in landlocked European nations like Slovakia.
Both Ukraine and Russia announced the stoppage on Wednesday, pushing some EU countries to resort to costlier energy alternatives.
Slovak Prime Minister Robert Fico on Wednesday said that stopping gas transit through Ukraine to Europe will have “severe consequences for all of us in the European Union (EU), but will not harm Russia.”
The stoppage follows Ukraine’s decision not to renew a 2019 gas transit agreement between its state-run Naftogaz and Russia’s Gazprom, which expired on December 31, 2024.
“At 07:00 a.m. (0500 GMT), in the interests of national security, the transportation of Russian natural gas through the territory of Ukraine was stopped,” the Ukrainian Energy Ministry said in a statement on Wednesday. Similarly, Gazprom confirmed that it has stopped gas supply due to expiration of key agreements and Ukraine’s refusal to renew them.
In a letter to the European Commission (EC) on Sunday, Fico condemned Ukraine’s gas transit halt as irrational and warned it would heighten tensions and harm the EU more than Russia. He also indicated his government might consider measures such as cutting electricity supplies to Ukraine.
Slovakia, heavily dependent on Russian gas, is among the worst-hit countries. It imported approximately 3 billion cubic metres of natual gas from Russia through Ukraine annually, accounting for two-thirds of its demand.
However, the EC has downplayed the potential impact, with a spokesperson saying that the European gas infrastructure is “flexible enough” to provide gas of non-Russian origin to central and eastern Europe via alternative routes, and that it has been reinforced with significant new liquefied natural gas (LNG) import capacities since 2022.
Mark Cigoj, editor-in-chief of the Croatian weekly 7 Dnevno, has said that Slovakia, Austria, and Hungary are particularly vulnerable, given their reliance on Russian gas and lack of direct access to LNG imports.
Slovakia’s Regulatory Authority for Network Industries, the country’s energy regulator, has forecasted household gas price increases of 15-34 per cent in 2025 without state energy assistance.
To cushion the impact, the Slovak government has allocated around 235 million euros ($244 million) for energy aid, further straining the country’s already tight budget.
SPP, Slovakia’s state-owned gas utility, on Wednesday assured continued supply but acknowledged the increased costs of alternatives. Moldova, which imports approximately 2 billion cubic metres of gas annually from Russia via Ukraine, has enacted measures on Wednesday to cut electricity usage by at least 30 per cent.
The measures include limiting street lighting, stopping escalators in some public and commercial buildings, and changing the working hours for high-energy-consuming areas.
In 2023, roughly 15 billion cubic metres of Russian gas were transported via Ukraine to Europe, accounting for around 5 per cent of Europe’s needs. Following the halt of Ukraine transit, the TurkStream pipeline under the Black Sea becomes the sole remaining route for transporting Russian gas to Europe.
According to the EC, the share of Russia’s pipeline gas in EU imports has plummeted from over 40 per cent in 2021 to about 8 per cent in 2023.
However, Cigoj noted that the EU must develop a clear plan for coordinating gas purchases among member states, warning that higher margins and transport costs will drive up gas prices, further fueling inflation.
While many European countries have significantly reduced their reliance on Russian gas since the outbreak of the Russia-Ukraine conflict, nations like Slovakia, Hungary, and Austria remain dependent on it.
Slovak Vice Premier and Economy Minister Denisa Sakova said on Tuesday that Slovakia is technically well-prepared for the stoppage of gas supplies, as the country has sufficient gas reserves and alternative gas supplies for the year of 2025.
However, she warned of challenges if the issue persists into the winter heating season next year.
Obviously, European countries will have to organise themselves to purchase significantly more expensive gas from other sources in the future, Cigoj said.
Markus Krug, deputy head of the gas department at Austria’s energy regulator E-Control, has said that Russian gas would likely continue to flow through Turkey, supplying Hungary.
He estimated that Slovakia’s gas supply could primarily come from Hungary, the remainder from Austria, the Czech Republic and Poland.
The TurkStream gas pipeline, with an annual capacity of 31.5 billion cubic metres, offers limited capacity to absorb increased demand. To address the shortfall, the EU will have to rely more heavily on LNG imports, which come at a significantly higher cost.
Crime
Intelligence alert: Pak-backed D-company gears up to push in fake notes worth crores before polls in India

New Delhi, Jan 27: With back to back elections set to be held in India this year, Intelligence agencies have warned that the fake currency racket is bound to increase. The Dawood Syndicate which controls this racket from Pakistan, has increased printing of fake notes and the same is being moved to Bangladesh and Nepal.
An Intelligence Bureau official said that they have noticed heightened activity in Malda, West Bengal which is the main landing point for fake currency from the neighbouring country. Those running the racket in Malda have been preparing to receive a massive consignment from Bangladesh, the official added.
Another official said that the Dawood Syndicate will also look to move fake currency through the Nepal border and hence there is a heightened alert. These elements are trying to take advantage of the fact that the security mechanism will be more focussed on the elections and hence they would be able to get away with their nefarious activities.
Officials say that it is important that this menace is controlled at the border itself. Once the fake currency enters the country it is next to impossible to detect, the official added.
The Intelligence agencies who work closely with the forensics department have learnt that the notes are of very high quality and forensic experts believe that the notes are printed on highly sophisticated machines. The Pakistan establishment has invested huge capital to ensure that these notes cannot be detected by the Indian agencies.
Officials say that the fake currency has the perfect watermark formulation. This indicates that the notes are printed on regular currency making machines, which can be owned only by a state.
Intelligence agencies have learnt that fake currency notes to the tune of crores of Rupees were moved into Bangladesh. Most of the fake notes were dropped off using the sea route, the agencies have learnt. The D Syndicate finds this route easier today as there are no checks for Pakistan, thanks to Dhaka’s new soft policy towards Islamabad.
Under Muhammad Yunus the sea route was opened up to Pakistan for the first time. Indian agencies suspect that huge consignments of arms and ammunition have reached Bangladesh using the sea route. The same route is also being used to push the fake currency into Bangladesh.
The challenge would however be to bring it into India. The D Company will try to use both the Nepal and Bangladesh border to smuggle in the fake currency, officials say. While the consignment that comes in from Nepal would be taken to Bihar, the fake notes at the Bangladesh border will be moved into Malda.
From here the notes would be distributed to other parts of the country. Another official added that once the notes land in India, the target states would be the ones where elections are scheduled to be held.
Elections are due in Assam, West Bengal, Tamil Nadu, Kerala and Puducherry. The polls are scheduled to be held between March and May 2026. Officials say that the D gang would try and move most of the fake notes into these states since the security agencies would be too busy with the elections.
The agencies are keeping a close watch on the border areas. The alert is high in Malda and the neighbouring areas, as the Intelligence agencies say that the biggest consignment would land in these places.
International News
PM Modi welcomes UAE President at airport, hails strong friendship between both nations

New Delhi, Jan 19: In a special gesture, Prime Minister Narendra Modi on Monday travelled to the Delhi airport and personally welcomed UAE President Shaikh Mohamed bin Zayed Al Nahyan as he began his third official visit to the country since assuming office.
Both leaders also travelled together in the same car from the airport, showcasing their longstanding friendship and the multi-faceted partnership between the two countries. This is the UAE President’s fifth visit to India over the past decade.
“Went to the airport to welcome my brother, His Highness Shaikh Mohamed bin Zayed Al Nahyan, President of the UAE. His visit illustrates the importance he attaches to a strong India-UAE friendship. Looking forward to our discussions,” PM Modi posted on X.
Shaikh Mohamed bin Zayed Al Nahyan’s India visit builds on the strong momentum generated by recent high-level exchanges, including the visit of Shaikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi in September 2024, and the visit of Shaikh Hamdan bin Mohammed bin Rashid Al Maktoum, Deputy Prime Minister and Minister of Defence of the UAE and Crown Prince of Dubai in April 2025.
“India and the UAE share warm, close, and multi-faceted relations, underpinned by strong political, cultural, and economic ties. The two countries are among each other’s top trading and investment partners, bolstered by the Comprehensive Economic Partnership Agreement (CEPA), the Local Currency Settlement (LCS) system, and the Bilateral Investment Treaty. India and the UAE also enjoy a robust energy partnership, including long-term energy supply arrangements,” read a statement issued by the Ministry of External Affairs (MEA) ahead of the UAE President’s visit.
“The visit will provide an opportunity for the two leaders to chart new frontiers for the India–UAE Comprehensive Strategic Partnership. It will also enable an exchange of views on regional and global issues of mutual interest, where India and the UAE share a high degree of convergence,” it added.
International News
Trump says US reshaped global dynamics

Washington, Jan 17: President Donald Trump said that his administration had reshaped global dynamics through assertive diplomacy and military action, laying out an expansive account of US foreign policy and economic gains during remarks at a Florida event.
Trump said US actions abroad had produced swift and decisive outcomes. “We have peace in the Middle East. Nobody thought that was going to be possible,” he said, pointing to what he described as multiple agreements reached within a year.
He also claimed “US intervention” helped avert conflict between two nuclear nations — India and Pakistan, and said the effort saved “many millions of people.”
Trump said Iran’s nuclear ambitions had been dismantled, declaring that the United States had “obliterated Iran’s nuclear enrichment capacity with Operation Midnight Hammer.” He also cited operations against militant leaders, including the founder of ISIS and Iranian General Qassem Soleimani, arguing that decisive military action had strengthened US security and deterrence.
Trump said the United States had apprehended Venezuelan President Nicolas Maduro, describing him as an “outlaw” and asserting that “no other nation in the world could have done” what the United States achieved. He said the move was part of a broader effort to reset relations and relieve regional pressures.
The president said the United States had attracted unprecedented levels of foreign investment. “We have $18 trillion being invested,” he said, adding that the total could rise further.
He credited tax cuts, regulatory rollbacks and tariffs for driving growth and said manufacturing activity was expanding at historic levels. “We’re building more factories in the United States now than at any time in our history,” he said, citing both automotive and advanced technology sectors.
Trump said tariffs played a central role in pushing companies to shift production to the United States. “They don’t want to pay the tariffs,” he said, calling it a “pretty simple formula.” He also pointed to stock market performance and retirement savings, saying 401(k) accounts were “doing better than they’ve ever done before.”
On immigration, Trump said his administration had fully secured the southern border, describing illegal crossings as an “invasion” that had been halted. He said enforcement efforts focused on violent criminals and gangs, while legal immigration continued through established processes.
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