Germany raises pressure on Russia in Navalny poisoning probe
Berlin: Germany on Sunday increased the pressure on Russia over the poisoning of Russian opposition politician Alexei Navalny, warning that a lack of support by Moscow in the investigation could force Germany to rethink the fate of a German-Russian gas pipeline project.
I hope the Russians won't force us to change our position regarding the Nord Stream 2" pipeline being built under the Baltic Sea, German Foreign Minister Heiko Maas told the Bild am Sonntag newspaper.
Maas also said if there won't be an contributions from the Russian side regarding the investigation in the coming days, we will have to consult with our partners.
He did not exclude possible sanctions against Russia, telling the newspaper that such measures should be "pinpointed effectively. However, Maas also admitted that halting the building of the nearly completed gas pipeline would harm German and European companies as well as Russia.
Whoever demands this has to be aware of the consequences, he said.
More than 100 companies from 12 European countries are involved (in the construction), about half of them from Germany. The German government has come under growing pressure to use the joint German-Russian pipeline project as leverage in getting Russia to provide answers on Navalny.
The Nord Stream 2 project would deliver Russian gas directly to Germany under the Baltic Sea when completed, bypassing Ukraine.
Navalny, a Kremlin critic and corruption investigator, fell ill on a flight to Moscow on August 20 and was taken to a hospital in the Siberian city of Omsk. He has been in an induced coma in a Berlin hospital since he was flown to Germany for treatment on August 22.
German Chancellor Angela Merkel has called Navalny's poisoning an attempted murder that aimed to silence one of Russian President Vladimir Putin's fiercest critics and called for a full investigation.
German authorities say tests showed that he had been poisoned with a chemical nerve agent from the Novichok group.
British authorities previously identified the nerve agent, developed during the Soviet era, as the poison used to target former Russian spy Sergei Skripal and his daughter in England in 2018.
We have high expectations from the Russians to bring light into this severe crime, Maas said.
If they have nothing to do with this attack, then it's in their own interest to put the facts on the table. France also added pressure on Sunday, suggesting the possibility of sanctions if Moscow fails to quickly respond to European demands for answers about Navalny's poisoning.
It's a serious situation. It's serious firstly because it's the poisoning of another opposition figure. And it's serious because the substance that was used, Novichok, is banned, said French Foreign Minister Jean-Yves Le Drian, speaking on France Inter radio.
(The Russians) must now tell us the truth so that we can act accordingly ... When we say quickly, it's quickly, that's to say a week, now. It's a traumatizing event for everyone," he said.
Putin's spokesman has brushed off allegations that the Kremlin was involved in poisoning Navalny and said last week that Germany hadn't provided Moscow with any evidence about the politician's condition.
Russian Foreign Ministry spokeswoman Maria Zakharova reiterated Moscow's claim Sunday that Germany hadn't provided any evidence since Russia requested it in late August.
Dear Mr. Maas, if the government of the Federal Republic of Germany is sincere in its statements, then it should itself be interested in preparing a response to the request of the Prosecutor General's Office of Russia as soon as possible," Zakharova wrote in a Facebook posting.
Maas rejected that accusation later Sunday, saying Germany had long agreed to Russia's request and had told the country's ambassador to Berlin so last week.
There is no reason why we shouldn't agree to this request and therefore this is another one of their smoke grenades we have seen several of those during the last days and I'm afraid there will be more in coming days, Maas told ARD public Television.
Merkel personally offered the country's assistance in treating Navalny. He's now in stable condition at Berlin's Charite hospital, but doctors expect a long recovery and haven't ruled out that the 44-year-old could face long-term effects to his health from the poisoning.
Merkel has previously rejected the idea that the Navalny case be linked to the Nord Stream 2 gas pipeline.
The US has long opposed the project, which has been increasingly a source of friction between Berlin and Washington.
In August, three Republican senators threatened sanctions against an operator of a Baltic Sea port located in Merkel's parliamentary constituency over its part in Nord Stream 2.
The Mukran port is a key staging post for ships involved in its construction.
The US argues the project will endanger European security by making Germany overly dependent on Russian gas. It's also opposed by Ukraine and Poland, which will be bypassed by the pipeline under the Baltic, as well as some other European nations.
In addition to the security concerns, the U.S. also wants to sell more of its own liquefied natural gas, or LNG, to Europe.
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Gold declines Rs 1,700 to Rs 1.35 lakh/10g; snaps 4-day record rally
New Delhi (PTI): Snapping the four-day record rally, gold prices declined by Rs 1,700 to Rs 1,35,900 per 10 grams in the national capital on Tuesday as investors booked profits amid weak global cues, according to the All India Sarafa Association.
The precious metal of 99.9 per cent purity had surged by Rs 4,000 to touch an all-time high of Rs 1,37,600 per 10 grams on Monday. The metal rose by Rs 6,000 over the previous four days, trading at record highs.
"Gold prices witnessed profit booking and remained volatile, with the yellow metal slipping towards the USD 4,275 level in global markets and staying under pressure," Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities, said.
Echoing sentiments, Dilip Parmar, Research Analyst, HDFC Securities, said, "Domestic gold prices also softened, curtailing a four-day advance. These losses were, however, notably mitigated by the persistent weakness in the Indian Rupee which quoted at a record low level".
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In the local bullion markets, silver prices also depreciated by Rs 1,000 to Rs 1,98,500 per kilogram (inclusive of all taxes). The white metal had ended flat at Rs 1,99,500 per kg, also its all-time high level, as per the association.
Parmar added that physical jewellery demand is expected to be subdued commensurate with the onset of the inauspicious period, investment demand is forecast to remain robust, a tendency driven by prevailing risk-averse market sentiments.
In the international markets, spot gold snapped a five-day winning streak, declining by USD 27.80, or 0.65 per cent, to USD 4,277.42 per ounce.
"Gold prices experienced a modest decline, easing following five consecutive sessions of appreciation, as market participants strategically positioned themselves ahead of a critical suite of US economic data releases this week," Dilip Parmar said.
These incoming reports are poised to offer significant clarity regarding the Federal Reserve's predilection for implementing further interest-rate cuts, a key macroeconomic catalyst for the non-yielding asset, he added.
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Spot silver also dropped by USD 1.07, or 1.67 per cent, to USD 63.02 per ounce in the overseas markets.
Bullion prices are trading lower as caution prevails ahead of US nonfarm payroll (NFP) data to be released later in the day, which will show NFP figures of both October and November, Praveen Singh, Research Analyst, Mirae Asset ShareKhan, said.
