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Business Maverick: Ukraine Latest: Putin Orders Army to Recruit 137,000 More Troops

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President Vladimir Putin signed a presidential decree ordering the Russian army to boost its troop total by 137,000 to 1.15 million from Jan. 1, RIA Novosti reported.

Russian forces fired at four districts in Dnipropetrovsk overnight, local authorities said on Telegram, while Interfax-Ukraine reported several explosions were heard in the Kyiv region overnight. Russia shelled the central city of Kryvyi Rih with Tornado MLRS, according to Oleksandr Vilkul, head of the city military administration.

While the plant is still operated by Ukrainian technicians, startup operations are underway to connect one of its power units to the grid, Energoatom said. There are no concerns about the functioning of automation and safety systems at the plant, it said.

As long as oil prices and export levels remain at current high levels, Russia’s current account surplus will be enough to sustain it even with a cutoff to its main gas market, according to Liam Peach, one of the consultancy’s economists. Surging prices for gas in Europe mean Russia could earn as much as $20 billion per quarter from gas exports despite reduced volumes, he added.

 

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