UN chief blasts ‘immoral’ oil and gas profits; Romania says Nato must dig in for long deployment in east

United Nations Secretary-General Antonio Guterres skewered global energy companies, saying it’s ‘immoral for oil and gas companies to be making record profits from this energy crisis’ spawned by the war in Ukraine. He called for nations to impose excess profit taxes.
Romania’s prime minister warned Nato allies that they will have to maintain an expanded troop presence on their eastern flank for at least the medium term as Russia appears intent on creating a buffer between itself and the Western military alliance.
German Chancellor Olaf Scholz blamed Moscow for a delay in shipping a turbine for Gazprom’s Nord Stream 1 pipeline that’s at the heart of Europe’s gas crisis. The Kremlin responded by saying that the component, which is at a facility in Germany after undergoing routine maintenance in Canada, lacks documentation proving that it isn’t subject to sanctions.
Key developments
Putin’s courting of Israel fades as ties turn bitter on Ukraine
World’s food supply faces new threat as India rice crop falters
European gas swings as traders seek clarity on Russian flows
On the ground
The southern port of Mykolaiv and the city of Kharkiv in the northeast were shelled again overnight, local authorities said. In the Donetsk region, Russian forces are concentrating attacks toward Bakhmut to the north of the regional capital, Ukraine’s general staff reported. Russian forces launched two assaults in the northern Kherson region and are continuing to redeploy troops to the south, according to the latest assessment from the Institute for the Study of War.
UN chief blasts ‘immoral’ oil and gas company profits
Antonio Guterres, the UN secretary-general, tore into global energy companies, saying it’s “immoral for oil and gas companies to be making record profits from this energy crisis on the backs of the poorest people and communities, at a massive cost to the climate”.
Saying that the largest energy companies together tallied first-quarter profits of “close to $100-billion” amid the turmoil of the war in Ukraine, the secretary-general urged countries “to tax these excessive profits, and use the funds to support the most vulnerable people through these difficult times”.
In remarks to the Global Crisis Response Group on Food, Energy and Finance, Guterres repeated his calls for a negotiated end to the war in Ukraine, which he said had caused not only suffering in that country, but a global “threefold crisis of access to food, energy and finance”.
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