Energy
Cuba experienced another nationwide power grid failure due to worn-out equipment and the US embargo. Oil reserves from the last Russian tanker in March have already been exhausted.
Forest fires in Europe caused damages of 3. 1 billion euros for just five eurozone countries. The real losses could be significantly higher due to property damage and tourism disruptions.
Russia struck the transport infrastructure of Odesa region and civilian vessels in the ports of Greater Odesa and the Danube region. As a result of the shelling, 10 people were injured, they are receiving medical assistance.
Nuclearelectrica will import electricity from Ukraine via Energocom to cover the deficit caused by the shutdown of Unit No. 1 of the Cernavodă Nuclear Power Plant. The cooperation reflects the long-term partnership between Romania and Moldova.
Commander of the SBS of the Armed Forces of Ukraine Robert Brovdi confirmed the destruction of 10 energy hubs in the temporarily occupied territories on the night of August 3. The total tally of the operation from July 1 to August 3 stands at 187 energy targets.
As a result of hostilities and shelling of energy facilities, some consumers in six regions are temporarily without electricity. Restoration work is ongoing, no restrictions are forecast.
Romania's Ministry of Defense conducts controlled explosions on the river to change the Danube's course. The operation aims to ensure water supply for the Cernavodă nuclear power plant due to a record drop in water level.
In the temporarily occupied Crimea, explosions were heard on the night of August 3, and fires broke out at the Central Market in Kerch and near the Kerch Bridge.
Hungarian Prime Minister Peter Magyar warned of a critical five-day period when the Paks Nuclear Power Plant will not generate electricity due to heat and low water levels. The crisis could cost the country up to $630 million due to rising prices for imported electricity.
In the temporarily occupied Kherson region, there has been no stable electricity and water supply for months, and farmers suffer from fuel shortages. The occupation administration limits itself to bureaucratic decisions and does not propose effective measures.
Two people arrested in Greece on suspicion of negligence that led to a forest fire. The fire spread to Attica.
Ukrainian drones attacked 13 energy infrastructure facilities in occupied territories. Since the start of the "Crimean switch off" operation, 177 targets have been hit.
US President Donald Trump decided to refrain from a new strike on Iran, agreeing to the request of Tehran and other Middle Eastern countries. The terms of the agreement are the cessation of the nuclear threat and the opening of the Strait of Hormuz.
Romanian Minister of Foreign Affairs Oana Ţoiu announced plans to import electricity from Ukraine due to record drought. Bucharest declared a state of emergency on the energy market and shut down one nuclear reactor.
In July, vegetables from the borscht set, including potatoes, carrots, and beets, rapidly became cheaper. At the same time, prices for some berries and greenhouse crops remain unstable due to weather conditions.
Brent crude futures rose 1. 13% to $90.04 per barrel. IRGC stopped two tankers in the Strait of Hormuz, supporting prices.
Italy became the largest importer of liquefied gas in Europe in July thanks to government incentives. Neighboring countries reduced purchases due to rising prices, leading to a lag in storage levels.
As a result of hostilities, some consumers in Donetsk, Sumy, Kharkiv, and Mykolaiv regions are without electricity supply. No restrictions are forecast for today; consumption has increased due to the heat.
Emergency outage schedules have been introduced in Sumy region for consumer groups 1-10. The reason is damage to the power system due to attacks by the Russian army.
Hungarian Prime Minister Peter Magyar announced that due to a record low water level in the Danube, the Paks Nuclear Power Plant will be completely shut down for the first time in 44 years. The energy crisis could begin on Monday.
The US nuclear industry remains dependent on Russian uranium, which accounted for 26% of purchases in 2025. A 2024 law bans imports but allows exceptions until January 2028.
The National Bank of Ukraine worsened its inflation forecast for the end of 2026 to 10% from 9. 4%. Inflation will begin to decline in 2027 to 6.9% and reach 5% at the end of 2028.
GNERC reported that the power outage in Georgia occurred due to a sudden disconnection from Azerbaijan's energy system. The investigation is ongoing in two directions, the SSB is checking the sabotage version.
From August 1, changes to tariffs on freight railway transportation come into force in Ukraine, providing for a 30% indexation. This is the first revision of tariffs since 2022, which occurs due to rising electricity costs and inflation.
Due to constant strikes by Russian occupiers on Kherson, damage to electricity supply facilities has been recorded. Specialists are carrying out emergency restoration work, and partial blackouts are possible in all districts of the city.
Ukraine prepares its energy system for the August heat, which could increase consumption by 1 GW. The schedules for NPP repairs have been adjusted, greater imports are being prepared, but restrictions for industry are possible.
The death toll from the magnitude 6. 8 earthquake in Kumamoto Prefecture has risen to 30. Rescue efforts are being complicated by an aftershock and heat of up to 35°C.
Due to hostilities and shelling of energy infrastructure, some consumers in Donetsk, Dnipropetrovsk, Zhytomyr, Kharkiv, and Cherkasy regions are temporarily without electricity. The most difficult situation is in Sumy region, where a large number of consumers have been cut off.
Hungary's Paks Nuclear Power Plant will shut down Unit 3 on July 29, 2026, due to a critical drop in the Danube's water level to -118 cm. Specialists are constantly monitoring the situation to ensure the safe operation of the facility.
The Cabinet of Ministers approved the updated charter of Energoatom, which provides for a reboot of the management system. Prime Minister Koretsky announced the formation of a new top management without delays.