Page 12 - UKRRptNov22

bought by state banks, which simply “refinance it”.
Despite Ukraine's challenges and concerns over the summer that the country will default after state-company Naftogaz asked bondholders to delay payments, Fursa believes that “there is no such chance for the local market to default.” This is due to the Ministry of Finance successfully negotiating with investors to freeze the Eurobond payments until 2024. “It's restructured but I can't say it's a default, because the investors agreed and understand why it should be done,” he said.
Keeping the country operating will be a major issue for the coming year. Noting that Russian President Vladimir Putin is “not going to stop”, particularly after newly intensified strikes, Zelenskiy has called for a financial Ramstein group to help support Ukraine and “provide the basic needs for the people”. Millions of people are suffering from the economic and physical damage of the war, with Ukraine’s poverty rate predicted to reach 25% by the end of the year.
2.4 Politics - misc
The IEA predicts the first global energy crisis in 2023. The world is currently experiencing the first truly global energy crisis, according to the director of the International Energy Agency (IEA), Fatih Birol. Speaking at the opening of the Singapore International Energy Week (SIEW-2022), Birol warned that natural gas shortages could worsen significantly in 2023. In particular, demand is expected to increase from both China and Europe, which will need additional volumes of liquefied natural gas (LNG) to fill underground storage before next winter. Birol added this would mean higher prices and supply shortages until at least 2024. Birol predicts a similar risk in the oil market due to OPEC+’s risky decision to reduce production quotas by twomn barrels per day. Birol warns that this energy crisis could deepen the gap between rich and developing countries. This could then lead to a geopolitical split between Western countries, developed economies, and developing countries, the head of the IEA warned.
A Russian missile attack on Ukraine damaged 11 infrastructure facilities in 8 regions of Ukraine. On the morning of October 10, the Russian Federation damaged 11 critical infrastructure facilities in 8 regions, including the city of Kyiv, Prime Minister Denys Shmyhal reported. The head of the government added that some regions were cut off. "We need to be prepared for temporary interruptions in electricity, water supply, and communication," Shmyhal said. He emphasized that the primary goal of the war criminals is to sow panic, frighten, and leave Ukrainians without light and heat.
Bellingcat uncovers identities of individuals responsible for mass missile strikes against Ukraine. The names of dozens of high-ranking Russian military engineers responsible for launching Russian Kalibr, R-500 and Kh-101 high-precision missiles at Ukraine have been published by the international investigative journalism group after a six-month investigation in collaboration with Russian investigative media outlet The Insider and German magazine Der Spiegel.
Ukraine has warned Iran about the consequences of helping Putin.
Providing weapons for waging war in Ukraine and killing Ukrainian citizens
12 UKRAINE Country Report November 2022 www.intellinews.com