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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Top Stories

    Posted By Wanda Rich

    Posted on June 1, 2022

    Featured image for article about Top Stories

    LONDON (Reuters) – Russian gas flows to Europe fell on Wednesday after Moscow widened European cuts and halted Dutch, Danish and German contracts over refusals to accept Moscow’s roubles-for-gas payment scheme.

    Eastbound gas flows via the Yamal-Europe pipeline from Germany to Poland fell on Wednesday but were in line with nominations, or requests, for gas.

    Exit flows at the Mallnow metering point on the German border with Poland stood at 3,404,777 kilowatt hours per hour (kWh/h), down from 5,630,632 kWh/h the previous day, the data showed.

    Similarly, nominations for flows into Slovakia from Ukraine via the Velke Kapusany border point fell to 36.8 million cubic metres (mcm) per day, from 37.5 mcm on Tuesday, data from the Ukrainian transmission system operator showed.

    Gazprom said its supply of gas to Europe through Ukraine via the Sudzha entry point was projected at 41.2 million cubic metres (mcm) on Wednesday, compared with 42.12 mcm on Tuesday.

    The Russian energy giant on Tuesday saif it had fully cut off gas supplies to Dutch trader GasTerra and on Wednesday it cut off gas supplies to Denmark’s Orsted and to Shell Energy for its contract to supply gas to Germany, citing the companies’ failure to make payments in roubles.

    However, the German network regulator said on Wednesday that Gazprom’s decision affects only small volumes in Germany, adding that they could be replaced from other sources.

    Physical flows to Germany through the Nord Stream 1 pipeline across the Baltic Sea were in line with nominations and stood at 73,025,457 kWh/h on Wednesday morning, up from 65,161,979 kWh/h in the previous 24 hours.

    (Reporting by Marwa Rashad; Editing by David Goodman)

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