Russian War Against Ukraine: Energy Dimension (daily updating DiXi Group alert)
February 22
Summary
— On February 21, the Russian military attacked the city of Kherson 4 times with multiple launch rocket systems, and the buildings of local DSO and district heating company were damaged. On the morning of February 22, impact was recorded in the city of Kharkiv, infrastructure facilities were targets of the occupiers.
— The Ukrainian power system has been operating for 10 days without a deficit, it is not forecasted given no new attacks – so the Prime Minister Denys Shmyhal.
— According to the Minister of Energy Herman Halushchenko, as restoration works on several TPP units have been completed, the power system will have sufficient capacity reserves to meet the growing demand of industry.
— According to Ukrenergo, due to damage to distribution networks and bad weather conditions, 137 settlements in the Kyiv, Zhytomyr, Volyn, Chernivtsi, Khmelnytskyi and Ternopil regions were left without electricity supply.
— The Ministry of Foreign Affairs reacted to Russia’s decision to suspend its participation in the Strategic Arms Reduction Treaty (New START). The Ministry noted Russia continues to deliberately destroy the existing nuclear disarmament and non-proliferation architecture, and called on the international community to take urgent joint measures to prevent and counteract any form of nuclear blackmail by the terrorist state.
— The Minister of Finance Serhii Marchenko once again emphasized the need to remove Russia from the FATF and include it to the “black list” (High-Risk Jurisdictions subject to a Call for Action).
— At the February 21 meeting, the Cabinet of Ministers approved the procedure for holding electronic auctions for the sale of assets subject to ‘large privatization’. The government also approved draft laws that provide for easier loan repayment conditions for citizens who live in or have left the territories of hostilities or the temporarily occupied territories.
— The NEURC removed from the agenda the issue of revising the price caps on the day-ahead market, the intraday market and the balancing market in electricity.
— Following unscheduled on-site inspections, the Regulator imposed a 85,000 UAH fine on Poltavaoblenergo for violations in the preparation and application of power outage schedules, while Volynoblenergo received a warning.
