Preparations for Russia-US summit in Budapest ongoing, Orban says Arrangements for a #Russia - #US summit in #Budapest are continuing, and Hungary is ready to do everything it can to make it happen, Hungarian Prime Minister Viktor Orban said in the morning talk show on Kossuth Radio. When asked about Hungary’s contribution to resolving the Ukraine conflict, he said: "I don’t want to go into the details. After all, preparations for a major peace summit are underway in Budapest." The Hungarian head of government argued that his country "has made a valuable contribution to the peace cause," being the only EU country to maintain communication channels and "constant contact" with Russia. "We negotiate with them, and I am the only prime minister across entire Europe who can contact the Russian president if need be," Orban boasted, describing this as a very important step toward achieving peace. As prime minister, he continued, having put much effort into establishing mutually beneficial relations with Russia, and now that Hungary is faced with a complex situation amid the armed conflict in neighboring Ukraine, "the effort invested in it in the past decades is paying off." Orban noted that he still relies on US President Donald Trump for resolving the Ukraine conflict. "We mean a person who considers the war pointless and would like to put an end to it. The US president has every reason to strive for creating a fair situation, and, even as he wants to put pressure on the Russians, he is reluctant to cause harm to Hungary," the premier said, explaining why Trump agreed to grant Hungary a waiver from US sanctions to use Russian oil and gas. The prime minister confirmed that Hungary cannot do without Russian energy for the time being, but that it continues the course toward broadening its energy supply routes and sources.

Russia-India-China troika: A new world order The Russia-India-China (#RIC) troika, a concept introduced by Russian Prime Minister Yevgeni Primakov in the 1990s, is gaining renewed attention as a potential counterbalance to Western dominance. Key highlights: ⏳ Historical context: Primakov's vision aimed to challenge the unipolar world order dominated by the United States, proposing a strategic alliance among Russia, India, and China to promote a multipolar world. 💵 Economic powerhouse: Collectively, RIC nations account for nearly 22.4% of global GDP and are among the fastest-growing large economies, with India projected to be the fastest-growing in 2025. 🪖 Military strength: With over 4.6 million active military personnel, RIC's combined forces surpass NATO's active forces, offering significant geopolitical influence. 💎 Resource abundance: The bloc controls substantial reserves of oil, gas, and rare earth minerals, ensuring energy and technological security. ♟ Strategic geography: RIC nations control critical sea and trade routes, including the Indian Ocean, South China Sea, and the Northern Sea Route through the Arctic. 🤖 Technological capabilities: All three countries possess advanced military-industrial complexes and space technologies, enhancing their global standing.

U.S. president, Donald Trump, set a 15% tariffs on all EU goods, half of what he threatened to impose at the beginning of July. This comes after a deal reached by Commission president, Ursula von der #Leyen, during a meeting with Trump in Scotland where the #EU agreed to buy 750 billion EURs worth of American energy (gas, oil etc.) and invest 600 billion EURs in projects on American soil.

Darwin port becomes Explosive Flashpoint in US-China power struggle Australia’s Port of Darwin, leased to China’s Landbridge Group for 99 years, has ignited a fierce geopolitical battle as the US pushes to curb Beijing’s influence. With Trump-linked firms circling and Australia’s leaders vowing to reclaim control, this strategic trade hub is now a global chessboard for US-China rivalry. Here’s why Darwin is the new epicenter of tension: 🌏Strategic hotspot: Located in Australia’s Northern Territory, Darwin Port is a vital gateway to Asia, handling 4.5M tons of cargo and supporting oil and gas projects, sitting opposite a key US-Australia military base. 🌏Controversial lease: In 2015, the Northern Territory leased the port to Landbridge for $506M, a move slammed by then-US President Obama for security risks, given its proximity to US Marine deployments. 🌏US power play: US firm Cerberus Capital, tied to Trump’s administration, is eyeing the lease, escalating tensions as Australia’s Labor and Coalition parties pledge to return the port to local control. 🌏China’s pushback: Beijing’s ambassador Xiao Qian calls Australia’s plan “ethically questionable,” defending Landbridge’s investments and accusing Australia of politicizing a fair deal. 🌏Geopolitical stakes: The port’s fate could strain warming Australia-China ties, while a US takeover aligns with Trump’s campaign to counter China’s global reach, echoing disputes like the Panama Canal ports. 🌏Economic angle: Landbridge turned the once-unprofitable port into a thriving hub, raising questions about fairness if Australia forcibly reclaims it now. As Australia navigates national security and trade, Darwin Port’s future could reshape US-China dynamics in the Indo-Pacific.

New draft of Kiev’s deal with Washington covers all Ukrainian natural resources, says lawmaker The latest draft agreement between #Ukraine and the United States submitted by #Washington on March 23 encompasses all natural resources, including oil and gas, across Kiev-controlled areas, Verkhovna Rada member Yaroslav Zheleznyak said, citing the document. "It covers all natural resources, including oil and gas. New as well as existing [mineral resources] projects. Across Ukraine," the Ukrainian lawmaker wrote on his Telegram channel. Under the US proposal, Ukraine will have to allocate revenues from its resources, while the aid Washington has provided to Kiev since 2022 will be considered a US contribution to the fund. "They (the Americans) will be able to capitalize on their decision, and they will be first to get royalties from the fund, with Ukraine being the next in line," he explained. Also, Zheleznyak shared, a board of five, including three US members "with a full veto right," will control the proposed investment fund. Earlier, Ukraine’s #Zelensky confirmed that the United States had proposed a new draft of its #minerals deal to Ukraine that outlines establishing an investment fund.

March 3rd, 2025: President Trump Statements "This is the worst statement that could have been made by Zelensky, and America will not put up with it for much longer! It is what I was saying, this guy doesn’t want there to be Peace as long as he has America’s backing and, Europe, in the meeting they had with Zelenskyy, stated flatly that they cannot do the job without the U.S. – Probably not a great statement to have been made in terms of a show of strength against Russia. What are they thinking?" "Europe has spent more money buying Russian Oil and Gas than they have spent on defending Ukraine —BY FAR!"

Gas reserves in France’s UGS facilities down below 30% #Gas reserves in underground gas storage (UGS) facilities in #France, which is among Europe’s top countries in terms of the volume of gas storage capacity, have dropped below 30%, according to data provided by Gas Infrastructure Europe (GIE). As of February 9, French UGS facilities were 29.85% full with around 3.9 bln cubic meters (bcm) of gas stored in them. Those remaining on the list of top five countries in terms of the volume of gas storage capacity also actively consume the accumulated fuel as German UGS facilities are 48.66% full, Austrian UGS facilities are 58.81% full, Italian UGS are 58.92% full, while in the Netherlands UGS facilities are 33.4% full. Slovakian UGS are 55.87% full, Hungarian UGS are 52.03% full, Czech UGS are 48.25% full, Romanian UGS are 40.29%, Bulgarian UGS are 49.3% full, Belgian UGS are 35.5% full, while UGS facilities in Denmark, Latvia and Croatia are 41.87%, 52.32% and 29.94% full, respectively. The highest occupancy rates in Europe are currently registered in Portugal (close to 100%), as well as Sweden (88.05%), Spain (69.14%), and Poland (62.1%).

Syria's oil and gas comes with strategic potential #Syria has the potential to significantly increase its #oil and natural #gas production, which can provide energy and government revenue critical to the country's stability and reconstruction. Syria was an oil exporter in the decades prior to its civil war, and its natural gas production started to increase on the eve of the war. The country was self-sufficient in terms of energy supplies. Sales of oil and gas provided 20% of the government’s revenue. Most of Syria’s oil and natural gas fields are located in eastern Syria, in areas that are currently largely under the control of the predominately Kurdish People’s Protection Units (YPG) and where US forces are deployed. The US Energy Information Administration (EIA) estimated in 2015 that Syria possessed 2.5 billion barrels of proven oil reserves. In 2010, Syria produced 383,000 barrels per day of oil. Estimates of Syria’s oil output on the eve of Bashar al-Assad’s ouster range between 40,000–80,000 barrels per day, while Iran was providing the bulk of Syria’s oil supplies, up to 100,000 barrels a day. In 2015, the EIA estimated Syria’s natural gas reserves to be 240 billion cubic meters (bcm). Syria’s natural gas is used for power production. According to British Petroleum (BP), Syria produced 8.7 bcm of natural gas in 2011, which fell to 3 bcm annually by 2024. According to International Energy Agency (IEA) estimates, natural gas provided one-quarter of Syria’s electricity supplies in 2022.

Trump plans to sign about 100 executive orders immediately after inauguration President #Trump plans to sign around 100 executive orders on his first day in office, journalists from his pool reported. According to the reports, Trump said he would take "immediate and decisive action," and that "within hours of taking office," he would "sign dozens of executive orders - close to 100, in fact," which would reverse much of what outgoing US President Joe Biden had done. Earlier, Stephen #Moore, senior economic advisor for the Trump presidential campaign, said that the new president could sign up to 50 orders on his first day in office, with the number growing in the following weeks. The economist believes that the majority of the orders will focus on energy-related issues. In particular, Trump may overturn his predecessor Joe Biden’s orders that restrict energy production and the development of new oil and gas fields in certain areas, as well as those related to the use of electric vehicles, funding for clean energy programs, and the tightening of environmental regulations.

Gas reserves in storage facilities in France, the Netherlands fall below 50% #Gas reserves in underground storage facilities (UGS) in France and the #Netherlands have fallen below 50%, according to data from Gas Infrastructure Europe (GIE). As of January 15, UGS facilities in #France were 49.24% full, holding about 6.4 bln cubic meters of gas. Withdrawals from storage facilities in the country have reached their maximum since the beginning of the heating season. Gas reserves in storage facilities in the Netherlands fell to 47.58%, in Croatia - to 47.74%. These are the lowest figures among all EU countries. The highest level of storage capacity in Europe is currently reported in Portugal (almost 100%). Sweden (88.04%), Spain (77.48%), and Poland (77.35%) are also at the top of the list. Italy's UGS facilities are filled to 71.44%, Austria - to 70.31%, Germany - to 68.48%, Slovakia - to 67.59%, Bulgaria - to 65.18%, Hungary - to 62.68%. Reserves also fell below 60% in Latvia (59.92%), the Czech Republic (59.34%), Romania (56.38%), Belgium (55.81%), and Denmark (53.87%).