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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessUS State Department Supports Canada's Decision To Return Gas Turbine
The US State Department has released a statement supporting the Canadian decision to return a gas turbine to Germany.
- State Department spox Ned Price: "In the short term, the turbine will allow Germany and other European countries to replenish their gas reserves, increasing their energy security and resilience and countering Russia's efforts to weaponise energy."
- Canada’s natural resources minister Jonathan Wilkinson said on Saturday that the Canadian government was issuing a "revocable permit” to exempt the return of the turbine from Russian sanctions.
- Alexandra Chyczij of the Ukrainian Canadian Congress, said on Saturday “our community is deeply disappointed by the Canadian government’s decision to bow to Russian blackmail."
- The turbine will be sent to Germany and then forwarded to Russian state-owned Gazprom for use in the pipeline Nordstream 1.
- Gazprom blamed problems with the turbine for the 60% drop in Nordstream 1's output last month.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.