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Almost 2 Million without Power

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A state of emergency has been declared in Crimea as almost two million people are without power after pylons, supplying energy to Crimea, are blown up reports the WSJ:

Russia’s Energy Ministry said almost two million people had been left without power. The local energy ministry said that between 20% and 30% of the peninsula was supplied with electricity, almost half of that by generators.

Russian media outlets reported that pylons in the southern Ukrainian region of Kherson had been blown up by pro-Ukrainian activists. The Russian ministry didn’t mention the cause of the outage. The Ukrainian Interior Ministry confirmed that the pylons had been blown up and pledged to help facilitate repair work.

Russia annexed Crimea from Ukraine last year, and the territory still receives 85% of its water and 80% of its electricity from mainland Ukraine. The U.S. and Europe imposed trade sanctions on Moscow in response to the annexation.

Since September, pro-Ukrainian activists—many of them from the minority Muslim community of Crimean Tatars—have attempted to blockade trucks transporting goods from mainland Ukraine to Crimea. Goods from Russia can only reach Crimea directly across a thin strip of water called the Kerch Strait.

Ukraine’s interior ministry also said it was investigating complaints that a police officer had been wounded during an attempted blockade near Crimea on Saturday, though it didn’t confirm that the incident had taken place.

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E.J. Smith - Your Survival Guy

Preparing your investments and family for when disaster strikes.
E.J. Smith is the Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention. E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@youngresearch.com. Sign up here to receive all the best content from Richardcyoung.com each week.