Medvedev: Energy, Finance Sanctions Against Russia May Provoke 'Asymmetric Response'

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New Sanctions against Russia in energy or finance sectors could trigger an assymetric response from Moscow, such as closing its airspace, Russia’s Prime Minister Dmitry Medvedev told the Vedomosti newspaper in an interview released Monday. 

“It is they [the West], who should be asked whether there will be new sanctions. But if there are sanctions, linked with energy, [or] further restrictions on our finance sector, we will have to respond asymmetrically. For instance, [with] restrictions in transport area. We act on the premise of friendly relations with our partners, and this is why the sky above Russia is open for flights. But if we are restricted, we will have to answer,” Medvedev added.

Battlefield Eurasia: US wages energy and geopolitical proxy wars against Syria, China.

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The US is making historic power moves of aggression in simultaneously waging three multifaceted campaigns. It is targeting Russia, Iran, and China through destabilization in Ukraine, Syria, and the South and East China Seas. In the first part of the Battlefield Eurasia we spoke about crisis in Ukraine and actions the US is taking there, as well as touched upon the Syrian conflict. Here is the second part of the US' proxy wars against Syria and China.

Nigeria fails global energy equity test – WEC

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The World Energy Council has said Nigeria has not performed well in the global energy equity ranking.

This is according to the WEC’s 2013 Energy Sustainability Index, a global ranking of 129 countries based on their performances on the three aspects of the energy trilemma.

The index ranks countries in terms of their likely ability to provide sustainable energy policies through the three dimensions of the energy trilemma: Energy Security, Energy Equity, and Environmental Sustainability.

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Rapper M.I is now Lagos State Ambassador for Energy

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It really could be the era of the Chairman! First, MI was named UN ambassador for the Smuggling of Migrants. He then became a Glo ambassador. And now, Africa's number 1 rapper could be the Lagos State Ambassador for Energy! Big congrats to  rapper M.I ! 

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Reps move to ban sale of ‘energy’ drinks

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The House of Representatives on Tuesday moved to ban the importation and sale of caffeinated drinks, popularly known as ‘energy drinks’, in the country.

It directed its Joint Committee on Health/Commerce to investigate the importation and distribution of the drinks, following a motion sponsored by a member, Mr. Yacoob Bush-Alebiosu.

Bush-Alebiosu said the consumption of the drinks had “life-threatening effects on blood pressure, heart and brain function.”

Please Come And Spend $16 Billion In Our Energy Sector – FG Calls On Private Investors

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It has been revealed that the Federal Government needs an investment of at least $16bn (N2.53tn) from the private sector to address the myriad of problems in the energy sector. This was revealed by the Project Manager, Bank of Industry/United Nations Development Programme, Mr. Femi Adaju, in Abuja at the second edition of the renewable energy investment forum.

Energy fuels euro inflation

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Euro zone inflation accelerated in September as energy costs soared but core prices stayed low, likely leaving the European Central Bank on track to cut interest rates soon, Reuters reported.

Consumer prices in the 17 countries sharing the euro rose 2.7 per cent year-on-year, the European Union’s statistics office Eurostat said on Friday in a first estimate that marked a rise from 2.6 per cent in August.

Markets had expected inflation to ease to 2.5 per cent.

Energy prices jumped 9.2 per cent after a 8.9 per cent rise the previous month.

Core inflation, excluding both energy and unprocessed foods, fell to its lowest level in a year of 1.7 per cent in August, the latest month for which the data has been published.

Together with recent data indicating that the euro zone economy entered a recession in the third quarter, Friday’s inflation reading kept intact expectations that the ECB will not wait long before delivering a growth-boosting rate cut.

“It seems highly likely that the ECB will take interest rates down from 0.75 per cent to 0.50 per cent in the fourth quarter,” said Howard Archer, economist at IHS Global Insight.

“While the ECB could act as soon as its October meeting next Thursday, we lean towards the view that they will probably hold off to November.”

Just 14 of 73 economists polled by Reuters this week expect the ECB to cut rates when it meets next Thursday but a majority expect the bank to have lopped off 25 basis points by the end of the year.

The ECB kept its main interest rate unchanged at a record low of 0.75 per cent at its meeting earlier this month, taking another policy-easing route by agreeing to launch a new and potentially unlimited bond-buying programme.

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Source : punchng[dot]com