A chimney and pipes at the BKM Nonprofit Fotav Zrt power plant in Budapest, Hungary, on Thursday, Jan. 2, 2025.
Bloomberg | Bloomberg | Getty Images
Ukraine’s closest allies have warned against the European Union reopening Russian gas pipelines as part of a potential peace settlement, with one Baltic nation describing the prospect as “not a good solution in any way.”
It comes shortly after the Financial Times reported that EU officials were considering whether to restore gas flows from Russia to Europe as part of a settlement to end the Kremlin’s years-long Ukraine war.
The report, which was published on Jan. 30 and cited unnamed sources familiar with discussions, said the idea had been endorsed by some EU officials as one way of lowering regional energy costs.
Estonia, a NATO member which shares a 294-kilometer (183 miles) border with Russia, is among those calling on the 27-nation bloc not to reopen Russian gas pipelines.
The Eastern European country said the EU must not allow itself to become dependent on Russian energy as part of a Ukraine peace settlement, noting that restoring gas flows would be inconsistent with the bloc’s goal of phasing out Russian fossil fuel imports by 2027.
“We have seen in history that Russia has used energy as a weapon. Russia has repeatedly demonstrated this — and so, going back is not a good solution in any way,” Kadri Elias-Hindoalla, director of Estonia’s foreign affairs’ sanctions and strategic goods department, told CNBC via video call.
In this pool photograph distributed by Russian state owned agency Sputnik, Russia’s President Vladimir Putin chairs a meeting regarding the situation in the Kursk region, in his residence in Novo-Ogaryovo outside Moscow, on August 12, 2024.
Gavriil Grigorov | Afp | Getty Images
Europe should have learned its lesson when Russian forces invaded Georgia in 2008, Estonia’s Elias-Hindoalla said, adding that the Ukraine war has since reaffirmed the importance of finding alternative suppliers and improving the bloc’s energy independence.
“Our position is very clear: We should maximize sanctions and limit Russia’s energy imports as much as possible,” Elias-Hindoalla said.
The foreign ministries of Russia and Ukraine did not respond when contacted by CNBC for comment.
For its part, the European Commission said it is “not making any links” between the reopening of Russian gas and Ukraine peace talks. The European Commission is the EU’s executive arm.
“Whenever we have such talks, when that moment comes, it will be with Ukraine and we do not confirm any links reported in the article … about any links between the transit of gas through Ukraine and any peace talks,” EU spokesperson Paula Pinho said in a press briefing on Thursday.
The EU’s plan, Pinho said, remains to stick to the gradual phasing out of Russian gas. The bloc adopted a 15th package of sanctions against Russia late last year, seeking to further weaken Russia’s military and industrial capabilities.
‘One of the worst ideas in the history of the world’
Lithuania, which was occupied by the Soviet Union until 1990, has said that securing an end to the fighting in Ukraine must take place with Kyiv’s full involvement.
Ukrainian President Volodymyr Zelenskyy underlined this message in an interview with The Associated Press earlier this month, warning it would be “very dangerous” to exclude Kyiv from talks between the U.S. and Russia about how to end the invasion.
Speaking during a virtual appearance at the World Economic Forum in Davos, Switzerland, U.S. President Donald Trump said on Jan. 23 that he would like to meet with Russian President Vladimir Putin “soon” to find a way to end the Ukraine war.
Former Lithuanian Foreign Minister Gabrielius Landsbergis said the prospect of peace through dependence on Russian gas was “demonstrably one of the worst ideas in the history of the world.”
“The suggestion to reinstate this disastrous policy is nothing more than spitting on the graves of its innocent victims,” Landsbergis said in social media post on Jan. 30.
Even in the event of an end to the Ukraine war, Lithuania’s President Gitanas Nausėda has warned that his country’s geographical position could make it vulnerable to a broader conflict. The country of 2.8 million borders Russia’s Kaliningrad exclave to the west and Moscow’s ally of Belarus to the east.
Europe’s gas supply shift
Russian gas exports to Europe via Ukraine came to halt at the start of 2025, marking the end of Moscow’s decades-long dominance over the region’s energy markets.
Ukraine’s Zelenskyy said at the time that the end of Russian gas transit through his country to Europe represented “one of Moscow’s biggest defeats” and called on the U.S. to supply more gas to the region.
Russia, meanwhile, warned that EU countries would likely suffer the most from the supply shift. Moscow is still able to send gas via the TurkStream pipeline, which links Russia with Hungary, Serbia and Turkey.
Ukraine’s President Volodymyr Zelensky delivers a speech during the World Economic Forum (WEF) annual meeting in Davos on January 21, 2025.
Fabrice Coffrini | Afp | Getty Images
Poland, a staunch Ukraine ally and another European country that shares a border with Russia’s Kaliningrad, has also urged EU countries not to reopen Russian gas flows.
“I can only hope that European leaders will learn lessons from Russia’s aggression against Ukraine and that they will push through a decision to never restore the pumping of gas through this pipeline,” Polish President Andrzej Duda said in an interview with the BBC last month.
His comments referred to the Nord Stream 1 gas pipeline, which connects Russia and northern Germany via the Baltic Sea.
The Oshkosh-built Striker Volterra electric ARFF vehicle (Aircraft Rescue and Fire Fighter) packs advanced battery technology and multiple power options to deliver consistent emergency response performance no matter how long it needs to be in action.
Oshkosh has been manufacturing ARFF vehicles since it first launched the MB-5 for use by the US Navy back in 1968, and they’ve been pushing the envelope of disaster response performance ever since. The company’s latest ARFF, the electric-drive Striker Volterra shown here, features a slanted body with front bumper designed for maneuvering through the ditches and rough terrain they might encounter on a damaged runway. It’s also big — but it’s big for a purpose. Because ARFF vehicles don’t have to navigate the confines of city streets, they can be built bigger, carry more water, more rescue equipment, and more personnel than conventional fire trucks.
But that’s not why you’re reading about this on Electrek. You’re here to read about the Striker Volterra’s advanced battery tech, electric drive motors, and duty cycle-extending genset that effectively makes it a big EREV. More sympathetic I could not be, but — alas! — OshKosh hasn’t officially revealed those specs.
That said, it’s probably safe to assume they’re pretty similar to those used on the big Pierce fire fighting chassis developed for the Gilbert, Arizona fire department, which uses (you guessed it) an OshKosh-developed battery pack, electric drive system, and onboard diesel generator that can provide power to the electric system. That vehicle packs a 244 kWh battery pack good for up to six hours of operation on battery power alone.
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The OshKosk electric Striker Volterra ARFF shown here is a Class 5 6×6 “rapid response” model capable of hauling up to 4,000 gallons of water (over 16 and a half tons, if you’re curious) and “firefighting foam” across an airport at speeds of up to 50 mph, which is positively moving for a machine this size. Plus, it supports zero-emission pumping, surpassing the NFPA required 2-hour continuous pump operation without using diesel.
Again, OshKosh hasn’t shared power and performance specs, but has confirmed that its electric drive Striker Volterra is 28% quicker to 50 mph than its Scania diesel-powered siblings, and that truck packs 550 hp and more than 1,750 ft‑lb torque. So — yeah. It’s got some juice.
Other key benefits, according to OshKosh, include a 75% reduction in total carbon footprint when compared to a conventional internal combustion engine ARFF vehicle based on the manufacturer’s estimated duty cycle, the eliminated need for long diesel idling times, and the ability to run on full-electric when entering, leaving and idling in the fire station, significantly reducing firefighter’s exposure to harmful emissions.
With the relatively short distances driven and extreme loads involved, airports present a nearly ideal use case for battery-electric vehicles in general, and their immediate off-the-line torque, improved efficiency, and ability to operate much more quietly than diesels (facilitating communications) could make all the difference in an emergency situation where lives are quite literally on the line.
Or, as OshKosk puts it: As airports continue to prioritize sustainability and operational efficiency, the Striker Volterra electric ARFF stands out as a forward-thinking solution that meets today’s demands while preparing for tomorrow’s challenges.
It’s a bit pitchy, but I couldn’t agree more.
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Thanks to a new $10,000 bonus offer introduced this month, the cheapest Lexus you can currently lease is now the 2025 electric RZ. Is it worth checking out?
The cheapest Lexus you can lease is the 2025 RZ
Lexus slashed over $10,000 off the price of the 2025 RZ compared to the 2024MY by introducing a new entry-level 300e FWD trim.
Following the launch of a new promotion this June, Lexus is offering up to $11,500 off 2025 RZ models. The RZ is now the cheapest Lexus vehicle you can lease, starting at $399 for 36 months. With $1,999 due at signing, you’ll end up with an effective monthly cost of $455. Not too bad for a nearly $45,000 luxury electric SUV.
The offer is for the 2025 Lexus RZ 300e FWD with an MSRP of $44,314. In comparison, the 2025 Lexus UX 300h FWD Hybrid, with an MSRP of $39,615, is listed at $349 for 36 months.
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With $3,999 due at signing, the monthly effective cost is $460, or $5 more than the RZ. If you’re looking for a higher trim, the RZ 450e is available with up to $11,500 in lease cash.
2025 Lexus RZ 450e Luxury (Source: Lexus)
The entry-level 2025 Lexus RZ 300e FWD model offers a range of up to 266 miles, while the AWD 450e variants achieve a range of up to 220 miles.
Inside, the electric SUV features a standard 14″ infotainment system with wireless Apple CarPlay and Android Auto support. With 37.52″ of rear legroom, the electric SUV has nearly as much second row space as a Ford Explorer (39″).
2025 Lexus RZ interior (Source: Lexus)
Although it’s a good deal compared to other Lexus vehicles, other luxury electric SUVs from Acura, Cadillac, and Genesis may still offer better value.
Acura is currently offering nearly $30,000 in lease cash on 2024 ZDX models in select states, with leases starting as low as $299 per month for 24 months. With $2,999 due at signing, the effective monthly rate is only $423. The ZDX offers up to 313 miles of range and more rear legroom (39.4″).
Cadillac’s new entry-level electric SUV, the 2025 Optiq, with an MSRP of $54,390, is listed for lease at just $409 for 24 months. However, it does include a $4,909 due at signing, resulting in an effective monthly rate of $614. The Optiq has up to 302 miles of range and 37.8″ of rear legroom.
2025 Lexus RZ model
Starting Price*
EPA-estimated Driving Range
RZ 450e AWD
$48,675
220 miles
RZ 450e Premium AWD w/ 18″ Wheel
$52,875
220 miles
RZ 450e Premium AWD w/ 20″ Wheel
$54,115
196 miles
RZ 450e Luxury AWD
$58,605
220 miles
RZ 300e FWD
$43,975
266 miles
RZ 300e Premium FWD w/ 18″ Wheel
$48,175
266 miles
RZ 300e Premium FWD w/ 20″ Wheel
$49,415
224 miles
RZ 300e Luxury FWD
$53,905
266 miles
2025 Lexus RZ electric SUV prices and range (*Includes Delivery, Processing, and Handling fee of $1,175)
Meanwhile, you can snag a 2025 Genesis GV60 (MSRP of $52,350) for $349 for 24 months right now. With $5,999 due at signing, the effective rate is $598.
The new Lexus promotion follows Toyota, which introduced up to $19,000 in savings on its electric SUV, the bZ4X, earlier this month. Both are making room for updated models that will arrive soon.
Looking for your next luxury electric SUV? We can help you find deals in your area. Check out our links below to see what’s available.
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Signage is seen at the United States Department of Justice headquarters in Washington, D.C., August 29, 2020.
Andrew Kelly | Reuters
Federal prosecutors in Brooklyn have charged the founder of a U.S.-based cryptocurrency payments firm with operating what they allege was a sophisticated international money laundering scheme that moved over half a billion dollars on behalf of sanctioned Russian banks and other entities.
Iurii Gugnin, a 38-year-old Russian national living in Manhattan, was arrested and arraigned Monday and ordered held without bail pending trial.
Gugnin faces a 22-count indictment accusing him of wire and bank fraud, violating U.S. sanctions and export controls, money laundering, and failing to implement legally required anti-money laundering protocols.
“The defendant is charged with turning a cryptocurrency company into a covert pipeline for dirty money, moving over half a billion dollars through the U.S. financial system to aid sanctioned Russian banks and help Russian end-users acquire sensitive U.S. technology,” Assistant Attorney General Eisenberg said in a statement.
Prosecutors said Gugnin used his companies — Evita Investments and Evita Pay — to process about $530 million in payments while concealing the origins and purposes of the funds. Between June 2023 and January 2025, he allegedly funneled the money through U.S. banks and cryptocurrency exchanges, primarily using tether, a widely used, dollar-pegged stablecoin.
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Clients included individuals and businesses linked to sanctioned Russian institutions such as Sberbank, VTB Bank, Sovcombank, Tinkoff, and the state-owned nuclear energy firm Rosatom.
To carry out the scheme, Gugnin allegedly misrepresented the scope of his business, falsified compliance documentation, and lied to banks and digital asset platforms about his ties to Russia. Prosecutors say he masked the source of funds through shell accounts and doctored more than 80 invoices, digitally erasing the identities of Russian counterparties.
Investigators also cite internet searches indicating he knew he was under scrutiny, including queries like “how to know if there is an investigation against you” and “money laundering penalties US.”
The Justice Department said Gugnin maintained direct ties to members of Russia’s intelligence service and officials in Iran — countries that do not extradite to the U.S.
He is also accused of helping the export of sensitive U.S. technology to Russian clients, including an anti-terrorism-controlled server.
Gugnin was profiled last fall in a Wall Street Journal article about high-net-worth renters in Manhattan, where he reportedly paid $19,000 per month for an apartment.
If convicted on bank fraud charges, he faces a statutory maximum sentence of 30 years in prison, but if convicted on all counts, Gugnin could be given a consecutive maximum sentence significantly longer than his lifetime.