China agrees to pay for Russian gas in rubles and yuan: Gazprom | Russia-Ukraine war News

Russia is pushing to scale back reliace on the US greenback and increase financial ties with China amid Western sanctions.

Russia’s power large Gazprom says it has signed an settlement with China to start out funds for gasoline provides to China in yuan and roubles as a substitute of US {dollars}, in an indication of warming relations between Beijing and Moscow, which is beneath Western sanctions.

“The brand new cost mechanism is a mutually helpful, well timed, dependable and sensible resolution,” Gazprom CEO Alexei Miller was quoted as saying in an announcement following a video convention assembly with the pinnacle of China’s oil group CNPC, Dai Houliang.

Miller added that it’s going to “simplify calculations” and “grow to be a superb instance for different corporations”.

Miller knowledgeable his Chinese language counterpart of the “standing of labor on the venture for gasoline provides by way of ‘the jap route’ – the ‘Energy of Siberia’ gasoline pipeline” which connects the Russian and Chinese language gasoline networks, the Gazprom assertion mentioned.

Gazprom didn’t present additional particulars on the scheme or say when funds would change from {dollars} into roubles and yuan.

The change is a part of a push to scale back Russia’s reliance on the US greenback, euro and different laborious currencies, which was accelerated by Western sanctions in response to the battle in Ukraine.

Not too long ago, Russia has been engaged on constructing nearer financial ties with China and different non-Western international locations.

Russian President Vladimir Putin earlier this 12 months pressured European clients to open rouble financial institution accounts with Gazprombank and pay in Russian foreign money in the event that they needed to proceed receiving Russian gasoline. Provides had been lower off to some corporations and international locations that refused the phrases of the deal, inflicting power costs to soar.

The Kremlin has mentioned that Russian gasoline provides to Europe won’t resume till Western sanctions in opposition to Moscow are lifted.

Russia signed a landmark $37.5bn extension to its deal to provide gasoline to China on the eve of the invasion.

It began pumping gasoline to China by way of the three,000-km (1,865-mile) Energy of Siberia gasoline pipeline in late 2019. Putin hailed the transfer as a “genuinely historic occasion, not just for the worldwide power market, however above all for us, for Russia and China”.

The power large mentioned gasoline from the under-developed Kovykta discipline will begin flowing by way of the Energy of Siberia pipeline “earlier than the tip of the 12 months”, permitting for the “enhance [in] the amount of gasoline deliveries to China in 2023”.

UK’s Johnson bows out as PM, Liz Truss to be appointed by queen | Politics News

The British chief leaves his Downing Road workplace for the final time to formally supply his resignation to the queen.

The UK’s Prime Minister Boris Johnson has left his Downing Road workplace for the final time earlier than heading to Scotland to formally supply his resignation to Queen Elizabeth II.

The British chief, who introduced his intention to step down two months in the past, is predicted to fulfill with the queen afterward Tuesday at her Balmoral property to start the switch of energy to Liz Truss.

Truss, who was named chief of the ruling Conservative Celebration on Monday, might be appointed prime minister throughout her personal viewers with the queen a short while later.

Talking exterior No 10 Downing Road, Johnson stated his insurance policies had given the nation the financial power to assist individuals climate the vitality disaster earlier than he signed off along with his typical bluster.

“I’m like a kind of booster rockets that has fulfilled its operate,” Johnson stated earlier than getting right into a automobile and leaving the gates of Downing Road for the final time as prime minister.

“I’ll now be gently re-entering the ambiance and splashing down invisibly in some distant and obscure nook of the Pacific.”

Conservative vote

Truss, 47, takes workplace a day after the Conservative Celebration’s 172,000 members elected her to steer their get together.

On Tuesday afternoon, she is predicted to make her first speech as chief of a nation of 67 million individuals anxious about hovering vitality payments and a looming winter of recession and labour unrest.

These issues have festered for the previous two months as a result of Johnson had no authority to make main coverage selections after saying his plan to step down.

Chatting with Conservative Celebration members on Monday, Truss promised to “ship” on the economic system, the vitality disaster and the overstretched healthcare system, although she provided few specifics on her insurance policies.

Al Jazeera’s Paul Brennan, reporting from London, stated that as Truss settles behind the prime ministerial desk, the political tempo will speed up instantly.

“Pressing points are screaming for consideration … The primary precedence at 10 Downing Road is undoubtedly Britain’s deepening cost-of-living disaster, and central to that’s the price of fuel and electrical energy,” he stated.

“IMF information says Britain is being hit tougher than some other western European nation by huge gasoline worth rises. In 2021, a typical UK family paid round $1,400 a 12 months for vitality. By early subsequent 12 months, a mean invoice might hit $7,600 a 12 months,” he added.

“It means gasoline poverty for thousands and thousands of individuals. The brand new prime minister says she has a plan.”

On Sunday, Truss promised to unveil her plans for tackling the cost-of-living disaster inside every week.

‘Human crisis’: Chicago seeks help as Texas buses over migrants | Migration News

Chicago says about 125 asylum seekers, lots of them households with young children, arrived on board buses from Texas to this point.

A political battle over the immigration insurance policies of US President Joe Biden’s administration has expanded in current days, with officers in Chicago asking for volunteers and donations to help with asylum seekers being bused into the town from Texas.

Chicago Mayor Lori Lightfoot lately advised reporters that about 125 migrants have arrived within the metropolis on board buses from Texas, together with 50 individuals who arrived on Sunday alone, most of them households.

“We’re a welcoming metropolis, so we’re at all times gonna step up and do the fitting factor to be sure that migrants who’re coming right here to our metropolis are effectively acquired,” Lightfoot mentioned throughout a information convention on Sunday night.

The mayor mentioned Chicago had not but heard from any Texas officers and urged the state’s Republican governor, Greg Abbott, to collaborate on a extra humane therapy of the asylum seekers and migrants.

“My frustration comes from the actions of the governor of Texas,” Lightfoot mentioned. “There could possibly be a degree of coordination and cooperation however he chooses to do none of this stuff.”

Political tensions have elevated over the rising variety of asylum seekers arriving on the United States-Mexico border. Abbott, who’s looking for a 3rd time period in workplace within the November midterm elections, has seized on the problem of record-high arrivals on the border to spice up his marketing campaign.

Since April, Texas has bused greater than 7,000 asylum seekers and migrants to Washington, DC, and New York Metropolis, and final week, Abbott started sending buses to Chicago.

He says extra cities could possibly be added to the checklist and that the buses are wanted as a result of the Biden administration has did not successfully safe the border.

The Democratic mayors of Washington, DC, and New York Metropolis have denounced the transfer and known as on the federal authorities to assist.

Lightfoot on Sunday mentioned a number of support organisations in Chicago have stepped in and began offering help. “He [Abbott] tries to ship human beings — not cargo, not freight, however human beings — throughout the nation to an unsure vacation spot,” Lightfoot mentioned. “He’s manufacturing a human disaster and it is mindless to me.”

On Sunday, Chicago launched a brand new web site urging residents to donate objects to assist the brand new arrivals, together with toothpaste, toothbrushes and different toiletries; diapers; blankets; child components, and Spanish-language books for kids, amongst different issues.

Refugees and migrants waiting
Lots of the refugees and migrants being bused from Texas are from Venezuela, Haiti, Cuba and Nicaragua, amongst different nations [File: Paul Ratje/Reuters]

“We anticipate that the state of Texas will proceed to bus migrants to Chicago and we stay dedicated to offering help and sources to our newly arrived neighbors throughout this transition interval,” the web site reads.

Chicago is a so-called “sanctuary metropolis”, which implies that metropolis officers is not going to ask residents about their immigration standing or deny them companies on the premise of that standing, nor will they share such data with federal immigration authorities (PDF).

The US has used a pandemic restriction often known as “Title 42” to expel most asylum seekers who arrive on the nation’s southern border again to Mexico or to their nation of origin.

Roughly 2 million Title 42 expulsions had been carried out between October 1, 2021, and the tip of July this yr, in keeping with statistics from US Customs and Border Safety. The numbers embrace repeat crossers.

Abbott is busing refugees and migrants out of Texas as a part of a technique to share the burden with liberal cities. In response to the Texas Tribute, Texas has to this point spent practically $13m on the hassle.

The Republican governor of Arizona, Doug Ducey, has additionally been sending buses to Washington, DC, and New York Metropolis.

Lots of the asylum seekers and migrants being bused come from Venezuela, Haiti, Cuba and Nicaragua, in addition to different nations. Many are travelling with young children and have struggled to safe everlasting housing, entry training and obtain medical care, volunteers have mentioned.