Skip to main content
Echo

Subcategory / Daily archive

Grid news — August 1, 2026 - Page 2

Publications tagged with Grid published on August 1, 2026 (UTC). This is a fixed calendar-day archive. Page 2 of 2.

39 publications

  1. SportsDefenseLaunderingGrid

    Russian Defense Ministry Buys Chinese Drones at 566% Markup

    Top managers of 'Efko' were recently detained for supplying the Russian Ministry of Defense with thousands of Chinese drones at a significantly inflated price. The drones were sold as domestic products but were actually Chinese with added domestic accessories. The markup was 566.6%, resulting in an 85% margin for the company. This scheme had been operating for several years.
    19 sourcesSee all sources
  6. WorldMiddle EastGrid

    UK PM Andy Burnham Signals Pragmatic Approach to North Sea Drilling

    Andy Burnham, the newly elected UK Prime Minister, has indicated a willingness to take a pragmatic approach to oil and gas drilling in the North Sea, acknowledging its importance as a resource, particularly when people are struggling. This comes after US President Donald Trump claimed Burnham would 'open up' the North Sea. However, Burnham has not yet released his energy agenda, and allies deny he will overhaul the ban on new licenses. The UK aims to reach net-zero emissions by 2050 and has been reducing fossil fuel development.
    2 sourcesSee all sources
  9. SocietyExecutiveCorruptionFraudGrid

    Russian Billionaire Valery Kostov Detained Over Large-Scale Fraud

    Russian billionaire Valery Kostov, chairman of the board and majority shareholder of the food industry group 'Efko', has been detained in Moscow on suspicion of large-scale fraud. His arrest, along with that of 'Efko' general director Yevgeny Lyashenko, was reported by multiple sources. 'Efko' is one of Russia's largest food producers, specializing in oil, mayonnaise, plant-based meat, food ingredients, egg products, soap products, and animal feed. In September 2025, 'Efko' acquired the vegetable oil producer 'Olein'.
    8 sourcesSee all sources
  10. BusinessTradeCorp GovGrid

    Women's Mortgage 'Umay' Returns to Kazakhstan in August

    Otbasy Bank is relaunching the women's mortgage 'Umay' program in August, with no competitive selection. The program, supported by the Asian Development Bank, offers loans up to 50 million tenge for purchasing or renovating housing. Women aged 18 to 65 with official income and no family income exceeding 1.25 million tenge are eligible. The loan amount can reach 80% of the collateral value in Almaty and Astana, and 85% in other regions. Pension savings can be used for the initial payment.
    2 sourcesSee all sources
  11. WorldAsiaLogisticsGrid

    Energocom's Role in Moldova's Energy Sector Questioned

    Economic experts Veaceslav Ioniță and Victoria Furțună criticize the role and activities of state-owned company Energocom in Moldova's energy ecosystem. Ioniță argues that Energocom is a 'bottleneck' and 'scapegoat' institution, while Furțună likens it to a 'black box.' Both experts question the necessity of Energocom's simultaneous existence with Moldovagaz and demand transparency in its operations.
    4 sourcesSee all sources
  12. WorldGrid

    Sakhalin's Hydrogen Projects: Rosatom's 2026 Plan and Regional Initiatives

    Rosatom aims to resume and implement a hydrogen production project in Sakhalin by the end of 2026, with plans to produce 36.5 to 100 thousand tons of low-carbon hydrogen for industrial consumption and export. The project involves CO2 capture and storage. Additionally, Rosatom plans to build a 'blue' hydrogen plant with a capacity of up to 2 thousand tons per year. Sakhalin Oblast, already carbon-neutral, is developing hydrogen projects as part of its decarbonization efforts. The region has launched a hydrogen polygon, opened an engineering school for hydrogen energy specialists, and expects to introduce Russia's first hydrogen-powered train in 2027.
    2 sourcesSee all sources
  13. PoliticsWarGrid

    Caspian Pipeline Consortium Halts Oil Shipments After Drone Attack

    The Caspian Pipeline Consortium (CPC) temporarily stopped oil shipments from its marine terminal following a drone attack on a tanker at the external marine terminal in Novorossiysk. The incident occurred on Thursday night, with the CPC press service confirming the halt in operations. This is not the first time the CPC has suspended oil loading due to drone attacks in the area.
    7 sourcesSee all sources
  15. U.S.Oil & GasGridHydrogen

    Russia Boosts Oil Exports via Arctic Route

    Russia is increasing its oil exports through the Arctic, using the Northern Sea Route (NSR) to reduce delivery times and avoid risks in the Red Sea. The country's oil sea shipments remain at historically high levels, with exports exceeding 4 million barrels per day for the fifth consecutive week. Russia is using six tankers and nuclear icebreakers to ensure passage, up from one tanker last year. The Arctic route does not directly increase Russia's exports but allows ships to return more quickly for new cargoes, increasing the fleet's efficiency. Ship movement also helps avoid tension in the Red Sea, where Yemeni Houthis have declared a maritime blockade of Saudi Arabia. Meanwhile, due to a fuel shortage caused by attacks on oil refineries, the Kremlin has launched a scheme to circumvent sanctions: Russian oil is refined in India, and the finished fuel is transshipped at sea.
    17 sourcesSee all sources