Mykolaiv Shelled

"Russian shelling hit the southern Ukraine port city of Mykolaiv during the night, damaging a
medical treatment facility." Breitbart

Constant artillery fire has prompted fears of a radiation disaster the International Red Cross says would cause a major humanitarian catastrophe

"Constant artillery fire prompted fears of a radiation disaster that the International Red Cross has said would cause a major humanitarian catastrophe.

Shelling continued nearby in Kherson on Sunday as Ukrainian forces attempt to retake the city occupied by Russian troops for months. Ukraine forces destroyed a recreation facility where Russian soldiers were staying, local residents said.

The Ukrainians feel now they have to retake Kherson and what they are trying to do is basically trap the tens of thousands of Russian soldiers there." AlJazeera

Sweden, Austria Start Bailing Out Energy Companies Triggering Europe's "Minsky Moment"

"....the infamous "Minsky Moment" framework to Europe, and specifically Germany, which
he said "can’t cover its payments without Russian gas and the government is asking citizens to conserve energy to leave more for industry." He then elaborated that "Minsky moments are triggered by excessive financial leverage, and in the context of supply chains, leverage means excessive operating leverage: in Germany, $2 trillion of value added depends on $20 billion of gas from Russia… …that’s 100-times leverage – much more than Lehman’s." (Zoltan's entire note is a must read for everyone with a passing interest in what comes next). Austria, which announced it would bail out the country's main energy supplier with a two-billion-euro ($2 billion) loan, the AFP reported. Chancellor Karl Nehammer said the loan to Wien Energie was an "extraordinary rescue measure" to ensure its two million customers - mainly Vienna households - continue to receive electricity. It will run until next April. Wien Energie asked for a bailout this weekend after suffering financial trouble amid soaring energy prices and speculation the company mismanaged their funds. Nehammer said Wien Energie, which is owned by Vienna, would have to answer questions as to how they got into trouble.  

Sweden announced it will give emergency liquidity support to electricity producers after the government said it feared Russia’s decision to halt gas deliveries to Europe could place its financial system under severe strain. Prime minister Magdalena Andersson said the government would offer hundreds of billions of kroner in support to electricity producers, the FT reported. The PM warned that, left unchecked, rising collateral demands for electricity producers could ripple through the main Nasdaq Clearing market in Stockholm and, in the worst case, spark a financial crisis.... just as Zoltan warned almost half a year ago. " ZH

Ukraine nuclear plant near front lines loses last power line amid fears of disaster

"The Zaporizhzhia plant, Europe’s largest, had its last remaining main external power line cut
off, although a reserve line continued supplying electricity to the grid, the International Atomic Energy Agency (IAEA) said.“Russia is preparing a decisive energy blow on all Europeans for this winter,” Ukrainian President Volodymyr Zelenskiy said in his nightly address citing the Nord Stream 1 pipeline’s continued closure." CNBC

 

 

Ukrainian boy shoots rocket launcher at his brother

"The incident occurred during an open-air

“weaponry exhibition” held by a local museum.
According to media reports, a 10-year-old boy was playing with an anti-tank weapon, believed to be a Soviet-made RPG-18 single-use rocket-propelled grenade. The boy reportedly aimed the weapon at his 12-year-old brother and discharged it, injuring his sibling and several bystanders, including a 2-year-old child." RT