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Faisal Islam Profile picture
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Mar 14 • 4 tweets • 2 min read
The Russian on the placard says…

“Stop the War.

Don’t believe the propaganda.

You are being lied to here…”

On Russia’s top channel, which was or is chaired by Putin’s spy chief Naryshkin..
… possibly the most useful deployment of GCSE Russian, since fending off some trolls on here while covering politics, securing an interview with Gazprom in 2008, and before that helping redirect a lost Bulgarian child on a ski slope in Borovets…
Translation of the journalists pre-protest video-message - she is half Ukrainian, and is ashamed of the propaganda/ war…

For context our Russia Editor explains what was on the main Channel One news the night before…

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More from @faisalislam

Faisal Islam Profile picture
Mar 16
NEW
Government’s own infrastructure advisers point to "slow progress" and risk of failing to deliver both levelling up and net zero goals, in National Infrastructure Commission annual review nic.org.uk/news/slow-prog…
urgent action is needed to avoid serious risks to delivering infra strategy, says NIC

- need for a comprehensive energy efficiency push
- local transport spending
- turbo charge the roll out of electric vehicle charging points, so 2030 petrol phaseout viable
Praise from NIC for establishment of UK Infrastructure Bank, gigabit broadband, renewables investment, rail strategy…

“But overall it has been a year of slow progress…” on decarbonisation and especially who will pay Image
Read 4 tweets
Faisal Islam Profile picture
Mar 15
Three east European Prime ministers remarkably going to Kyiv as it has been under bombardment from Russia to meet President Zelensky to demonstrate EU- wide solidarity with Ukraine…
Oil and gas prices are down from extreme highs, but still very high, apparently on perception that peace talks are quietly progressing, of which the above meeting could be a part… oil just above $100 a barrel. Gas about 280p a therm…
interesting piece by PM …

Gentle lean in direction of more certainty for oil/gas producers but only in transition to net zero, & overwhelming way to reduce dependence on Russia is renewables - recasting net zero as not just green, but security priority.

No mention of fracking Image
Read 13 tweets
Faisal Islam Profile picture
Mar 14
PM met with oil and gas producers…

big question is about how in transition to net 0, eg less dirty coal, there is a transition period of some years where we’re even more dependent on gas.

Tho small amount of Russian gas comes directly to UK, prices for that now incredible…
For example, the EU plan is to replace, this year, 50bcm of pipelined Russian gas, with LNG on tankers… thats about 500 tankers worth, for context, there was 6000 tanker loads delivered last year in total across whole world… problem is everyone is trying to do same.
In slightly less bad economic news though, the therm price of gas has come down, to still extremely high prices of 277p, but less terrifyingly…an average at this level still consistent with household rises in autumn as much as rises next month, but not quite up to say £3k on avg Image
Read 4 tweets
Faisal Islam Profile picture
Mar 10
Abramovich sanctioned by UK government…

assets.publishing.service.gov.uk/government/upl…
Govt: RA “a pro-Kremlin oligarch.. assoc with a person who is/has been involved in destabilising Ukraine & undermining & threatening territorial integrity, sovereignty & independence of Ukraine, namely Vladimir Putin, with whom ABRAMOVICH has had a close relationship for decades”
Govt says that steel maker Evraz Plc over which Abramovich “exercises effective control” “is or has been involved in … potentially supplying steel to the Russian military which may have been used in the production of tanks”
Read 6 tweets
Faisal Islam Profile picture
Mar 9
Coming up - fascinating iv with Governor of Central Bank of Ukraine, targeting both inflation, & every hard currency flow into Russia, while keeping cash machines and refugees bank accounts functioning.

Wants more sanctions & reflects on precedent set in targeting a central bank
NEW:
BBC learns Russia suspended from Bank for International Setttlements, as requested by Ukraine CB Governor in interview with us yesterday.

“BIS will not be an avenue for sanctions to be circumvented. access of Central Bank of Russia to all BIS services..has been suspended."
Worth unpacking what Kyrylo Shevchenko, the NBU Governor, told us, about the sheer breadth of how Ukraine is trying to get whole of Russia to reap the economic consequences of Putin’s decision to invade… painstakingly trying to seal up every pipe of hard cash into Moscow…
Read 13 tweets
Faisal Islam Profile picture
Mar 9
Gas down 25% to 374 pence a therm - still extremely high, just not as off scale…

Economists such as Capital Economics now see avg fuel bills 2.5-3k, inflation peak at over 8%, (or nearly 11% on Retail Price Index), and perhaps as important remaining above 6% for rest of 2022… Image
Seen a few of these - significant diesel spike with margin above petrol here up at 18 p - normally 3-4p. to be clear these are well above average price, but at these most expensive stations, diesel not far off £2 a litre… and already above £100 a tank…
Average prices via RAC are 158p for unleaded and 165 for diesel…

Yesterday the petrol station I filmed at lunch time at 158/ mid 160s, had gone up over 3-4p per litre by 9pm… Image
Read 5 tweets

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