Live blog | Russia Considers Oil Price Floor; Poland fielded German patriots

A wounded Ukrainian soldier.
A wounded Ukrainian soldier. (ANP/Anadolu Agency)

Rosneft reports billion-dollar profit despite sanctions

11:15 | Russian oil producer Rosneft posted billions in profits in the first nine months of the year despite Western sanctions against Russia over the war in Ukraine. The company was able to maintain sales by selling more oil to Asian countries, compensating for declining sales to Europe. The group also benefited from higher oil prices.

Rosneft suffered in the third quarter from the transfer of its activities in Germany. In September, the German government took control of Rosneft’s parts of the country, including three refineries. According to the German government, the company did not cooperate in stopping the import of Russian oil, a goal set by Berlin because of the war in Ukraine. Rosneft called this ‘expropriation’ of his property by the German government ‘illegal’.

Rosneft reported a net profit of 591 billion rubles (about 9 billion euros) for the first nine months of 2022. In the same period in 2021, the company reported a record profit of 696 billion rubles, a 15 percent drop in profits this year.

Ukraine: boycott Russian culture

11:00 | Ukraine’s culture minister has urged the country’s Western allies to boycott Russian culture by calling on them to suspend the performance of the music of Tchaikovsky and other Russian composers until the end of the war.

In the British newspaper The Guardian, Oleksandr Tkachenko argues that such a ‘cultural boycott’ is not tantamount to ‘cancelling Tchaikovsky’, but ‘suspending the performance of his works until Russia stops its bloody invasion’.

He argues that such a move is justified as the war is “a civilizing battle over culture and history”, with Russia actively “trying to destroy our culture and memory” by insisting that the two states form one nation.

Many cultural celebrities in Ukraine have said that the Russian state is actively instrumentalizing its artistic heritage during the conflict. For example, billboards in Russian-occupied Kherson displayed images of Pushkin, with texts referencing the Russian poet’s connection to the city.

Russian newspaper: Russia may ban oil sales

10:55 | Russia is considering a ban on oil sales to certain countries in response to the price cap set by the EU, G7 countries and Australia for oil from the country. According to insiders, the Russian newspaper Vedomosti reports that Moscow is considering several options, including a ban. In addition, the country can also decide to set a floor price for the sale of its oil. An amount has not yet been mentioned.

The price ceiling, set by Western countries at $60 per barrel, took effect Monday. The aim of the measure is to reduce Russia’s income, while giving Moscow the opportunity to supply the world market. The measure means that only oil sold at a price of $60 per barrel or below can be delivered.

As part of the possible ban, intermediate sales to countries that support the price cap will also be banned, not just direct sales from Russia. Deputy Prime Minister Aleksandr Novak earlier said Russia could cut oil production, but not by much.

Poland deploys German Patriot air defense system

08:00 | Poland is preparing to deploy the German Patriot air defense system on its territory. That’s what Polish Defense Minister Mariusz Blaszczak tweeted.

Germany last month offered Poland the Patriot system to help secure its airspace after an errant missile crashed and killed two people in Poland. Berlin refused to place the system in Ukraine, to the displeasure of the Poles, who now use the system in their own backyard.

“After speaking with the German Ministry of Defense, I was disappointed by the decision to reject support from Ukraine. Deploying the Patriots to western Ukraine would increase security for Poles and Ukrainians,” Blaszczak tweeted Tuesday night.

“So we are moving into working arrangements to place the launchers in Poland and connect them to our command system.”

Russia is considering a stop on oil sales and a floor price

06:08 | Russia is considering various counter-reactions to the EU and G7 ban on Russian oil. For example, the country Vladimir Putin is considering, among other things, the plan to stop selling oil to countries that boycott Russian oil. In addition, a floor price is being considered for the sale of oil. On Monday, the G7 countries, the EU and Australia imposed a boycott of Russian oil.

The US does not facilitate Ukrainian attacks inside Russia

06:00 | The United States said on Tuesday that it has not “enabled” Ukraine to launch strikes inside Russia, following a series of drone strikes against military facilities deep inside Russian territory. Kiev did not immediately claim responsibility but did not criticize the action, which Russian reports said killed three people and damaged long-range bombers and a fuel depot.

“We have not encouraged or enabled the Ukrainians to attack Russia,” Foreign Minister Antony Blinken told reporters.

Washington has refrained from supplying long-range ATACMS missiles to Ukrainian forces that could attack Russia, fearing it could lead to a direct confrontation between Russian forces and those of the US and NATO.

The Americans allocate another 800 million dollars to Ukraine

04:33 | American politicians agree on a rescue package of 800 million dollars for Ukraine. The money is intended for extra security support in the war against Russia.

Poland buys weapons from the US and South Korea

03:30 | The US government has approved the sale to Poland of an additional 116 US Abrams main battle tanks and other heavy weapons for a total of $3.75 billion (€3.56 billion), the US State Department said. The deal also includes Hercules rescue vehicles, mobile assault bridges that can transport tanks across rivers, about fifty light vehicles, light weapons and ammunition. Congress has not yet approved the deal, but that is a formality, according to observers.

Poland, which, among other things, borders Ukraine and the Russian exclave of Kaliningrad, already in April bought 250 Abrams tanks and other military equipment from the United States for a total of 4.74 billion dollars (4.53 billion euros).

Earlier on Tuesday, Polish President Andrzej Duda was in the Polish naval port of Gdynia on the Baltic Sea coast to ceremonially receive the first shipment of tanks and howitzers from South Korea. These included ten Black Panther K2 tanks and 24 Thunder K9 howitzers, which are part of an arms deal with South Korea worth a total of €5.6 billion.

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