The cold wave is intensifying the severe energy crisis in Iran. In a video he published last week, the Iranian president calls on residents to reduce the heating in their homes by at least two degrees, due to the difficulty in supplying electricity to homes. General power outages have become more frequent and schools are closing earlier/not opening at all.
How is it that Iran, a natural resources powerhouse in the energy sector, is unable to provide electricity to its residents?
For decades, the regime neglected the electricity infrastructure (and, for example, invested $30 billion in promoting terrorism in Syria), and now that demand is rising, the networks are unable to cope with the load and are collapsing.
Particularly embarrassing... the energy powerhouse ran out of energy...
The cold wave is intensifying the severe energy crisis in Iran. In a video he published last week, the Iranian president calls on residents to reduce the heating in their homes by at least two degrees, due to the difficulty in supplying electricity to homes. General power outages have become more frequent and schools are closing earlier/not opening at all.
How is it that Iran, a natural resources powerhouse in the energy sector, is unable to provide electricity to its residents?
For decades, the regime neglected the electricity infrastructure (and, for example, invested $30 billion in promoting terrorism in Syria), and now that demand is rising, the networks are unable to cope with the load and are collapsing.
Particularly embarrassing... the energy powerhouse ran out of energy...
The Russian invasion of Ukraine has been a driving force in markets for the past few weeks. Continuing its crackdown against entities allegedly involved in a front-running scam using messaging app Telegram, Sebi on Thursday carried out search and seizure operations at the premises of eight entities in multiple locations across the country. In 2018, Russia banned Telegram although it reversed the prohibition two years later. Apparently upbeat developments in Russia's discussions with Ukraine helped at least temporarily send investors back into risk assets. Russian President Vladimir Putin said during a meeting with his Belarusian counterpart Alexander Lukashenko that there were "certain positive developments" occurring in the talks with Ukraine, according to a transcript of their meeting. Putin added that discussions were happening "almost on a daily basis." In the past, it was noticed that through bulk SMSes, investors were induced to invest in or purchase the stocks of certain listed companies.
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