Russia’s Military Ties with Iran Will Withstand Geopolitical Pressure

Deputy Foreign Minister of Russia Sergei Ryabkov attends the Iran and BRICS summit in Tehran, Iran, August 8, 2023. WANA (West Asia News Agency) via Reuters
Deputy Foreign Minister of Russia Sergei Ryabkov attends the Iran and BRICS summit in Tehran, Iran, August 8, 2023. WANA (West Asia News Agency) via Reuters
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Russia’s Military Ties with Iran Will Withstand Geopolitical Pressure

Deputy Foreign Minister of Russia Sergei Ryabkov attends the Iran and BRICS summit in Tehran, Iran, August 8, 2023. WANA (West Asia News Agency) via Reuters
Deputy Foreign Minister of Russia Sergei Ryabkov attends the Iran and BRICS summit in Tehran, Iran, August 8, 2023. WANA (West Asia News Agency) via Reuters

Russia's military cooperation with Iran will not succumb to geopolitical pressure, Russian Deputy Foreign Minister Sergei Ryabkov said, following reports that Washington has asked Tehran to stop selling drones to Moscow.

"There are no changes, and cooperation with Iran will continue," Ryabkov said, according to a report on Saturday from Russian state news agency RIA. "We are independent states and do not succumb to the dictates of the United States and its satellites."

The US is pressing Iran to stop selling the armed drones, which Russia is using in the war in Ukraine, the Financial Times reported earlier this month, citing an Iranian official and another person familiar with the talks.

Russia began using the Iranian-made Shahed drones to attack deep inside Ukraine last year. The so-called kamikaze unmanned drones do not need a runway to launch and explode on impact.

Iran has acknowledged sending drones to Russia but said in the past they were sent before Russia's February 2022 invasion in Ukraine. Moscow has denied its forces used Iranian drones in Ukraine.

A White House official said in June that Iran had transferred several hundred drones to Russia since August 2022.



EUROPE GAS-Prices Rise on Lower Wind Speed, Russian Gas Uncertainty

Model of natural gas pipeline and Gazprom logo, July 18, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
Model of natural gas pipeline and Gazprom logo, July 18, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
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EUROPE GAS-Prices Rise on Lower Wind Speed, Russian Gas Uncertainty

Model of natural gas pipeline and Gazprom logo, July 18, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
Model of natural gas pipeline and Gazprom logo, July 18, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

Dutch and British wholesale gas prices rose slightly early on Monday, as they traded in a narrow range, caught between low wind speed and uncertainty over Russian gas flows to Europe when the Ukraine gas transit deal expires at the year-end.

The benchmark front-month contract at the Dutch TTF hub edged up by 0.84 euro to 44.65 euros per megawatt hour (MWh), or $14.3/mmBtu, by 1016 GMT, while the day ahead contract was up 1.08 euro at 44.38 euros/MWh.

In Britain, the day-ahead contract was 2.25 pence higher at 110.25 p per therm.

"The spot and the curve (prices) are still supported by the prospect of a non-renewal of the Russia-Ukraine gas transit deal," analysts at Engie's EnergyScan said in a daily note, according to Reuters.

The situation with European countries that buy Russian gas is very complicated and requires increased attention, the Kremlin said on Monday, after talks between President Vladimir Putin and Slovak Prime Minister Robert Fico.

Fico said on Sunday that Putin had confirmed Russian willingness to continue to supply gas to Slovakia, even though the Slovak leader said this was "practically impossible" once a gas transit agreement between Russia and Ukraine expires.

Russia's Gazprom said it would send 42.1 million cubic metres of gas to Europe via Ukraine on Monday, a volume in line with recent days.

Meanwhile, wind generation will drop sharply today in France and Germany and the confidence for high wind output is reduced, supporting gas for power demand, EnergyScan analysts said.

In Britain, peak wind generation is forecast at 19.1 gigawatts (GW) on Monday, falling to 15.6 GW on Tuesday, Elexon data shows.

In the European carbon market, the benchmark contract was up 0.22 euro at 67.91 euros a metric ton.