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European Commission President Ursula von der Leyen is considering the creation of strategic gas reserves for the EU to mitigate the risks of gas shortages this winter, as the filling levels of European gas storages are falling to record lows. #EuroopaLiit #UrsulavonderLeyen #energiakriis (translated)

Jussi Salunen wrote that Finland had paid about 25 billion in development aid since the beginning of the millennium. According to him, if citizens needed help with the fuel and energy crisis, the small amount of money intended for travel deductions would be taken from road maintenance funding. Salunen questioned how the solution was sensible and directed his message to the Government of Finland and the Finnish Parliament. #kehitysapua #energiakriisi #Suomi (translated)

Ukrainian President Volodymyr Zelensky reacted to the Russian attacks on Ukraine's energy infrastructure, which occurred at the same time that the USA was providing limited warnings about airstrikes, leading to widespread power outages. #Ukraina #energiakriis #Zelenskõi (translated)

The article addresses the challenges associated with the winter transition in Kyiv, highlighting that the city is in serious danger due to extensive attacks on its energy infrastructure and that preparations have taken place too late. #Kiiev #energiakriis #elektrikatkestus (translated)

Katariina Souri wrote that the price of food had risen by 25.1 percent since August 2021, while the rise in other consumer prices was around 18.1 percent according to her. She referred to a news article from Helsingin Sanomat and an estimate from researchers at the Natural Resources Institute Finland, which indicated that the necessity of food reduced the pressure on stores to lower prices. Souri noted that HS had not addressed the concentration of trade as a reason. According to Souri, the combined market share of the S-group and Kesko in the retail grocery sector was 82.5 percent, with the S-group controlling nearly half of the grocery market. She wrote that Finnish trade was the most concentrated in Europe and that the S and K groups were among the ten most profitable trading entities in the world. According to her, the combined operating profit of the S-group and SOK Corporation had grown from 280 million euros in 2021 to 495 million euros in 2025. In the first half of the current year, the profit had improved by 20 percent compared to the previous year. Souri claimed that the price received by primary producers and the profit development of the S-group had not progressed in the same proportion. According to her, a farmer or rancher was left with approximately 4–12 cents from a normal food euro, depending on the product, while most of the share went to the trade and the tax authorities. She considered the agricultural subsidies to effectively flow significantly into the profits and growth of the S-group and criticized the influence of the chains on zoning and legislation. Souri assessed that the duopoly in trade weakened the position of small businesses and free competition and restricted innovations and consumer choices. She wrote that politicians had failed to intervene in the situation. Additionally, she reported that Pellervo Economic Research had predicted at the end of September that food prices would rise in the following year as well. #ruoka #hintanousu #kauppa (translated)

"The interaction of these two forces is very uneven across different regions of the world," Georgieva said in a speech introducing the IMF and World Bank annual meeting to be held in Bangkok next week, noting that the global economy is currently pulled in opposite directions by two shocks – the energy supply shock stemming from conflicts in the Middle East and the positive demand shock arising from artificial intelligence, which simultaneously fuels inflation. #maailmamajandus #IMF #energiakriis (translated)

International Monetary Fund (IMF) Managing Director Kristalina Georgieva warns that the global economy is threatened by high energy prices, record government debts, and risks associated with the investment boom in artificial intelligence, urging governments to take proactive measures. #maailmamajandus #IMF #energiakriis (translated)

The electricity exchange price will rise by 3301 percent today, leading to significant price fluctuations, where the cheapest electricity of the day dropped to zero, but in the evening the price will rise to 255.73 euros per megawatt-hour. #energiakriis #elektrihinnad #hinnakõikumised (translated)