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Saturday, September 5, 2026

Verisk launches US data centre database to help insurers assess growing AI infrastructure risks

 Verisk, a strategic data analytics and technology partner serving the global insurance industry, has introduced a new US Data Center Exposure Database aimed at helping insurers, reinsurers and brokers assess the growing concentration of physical assets associated with data centre infrastructure.

The database, developed by Verisk, covers more than 2,500 data centre facilities across the country. It provides building-level geocoding alongside information on facility footprints, physical characteristics and operational attributes.

The data can be incorporated into a range of insurance risk assessment and modelling workflows through Verisk Synergy Studio and Touchstone.

The launch follows a period of significant investment in digital infrastructure, with the expansion of artificial intelligence increasing demand for data centre capacity. Verisk said industry estimates suggest global data centre insurance premiums could rise from approximately $10 billion in 2026 to $23 billion by 2030, as facilities supporting AI, cloud computing and digital services continue to expand.

The increasing scale of data centre development is also creating new concentrations of physical and insured value. According to Verisk, individual facilities can contain billions of dollars in assets and provide infrastructure for business, government and digital services.

For insurers, identifying the location and characteristics of these facilities can be important when assessing exposure concentrations, catastrophe risk and potential accumulation across portfolios. Verisk said the new database has been developed to provide more consistent and detailed information on this emerging area of risk.

The Verisk US Data Center Exposure Database contains information covering facility locations, building structures and operational characteristics. Data fields include rooftop-level geocoding, building footprints, construction type, floor area, capacity and operational redundancy characteristics. Verisk noted that the availability and level of detail for individual data fields can vary according to the facility and source.

The database is provided in several formats, including flat-file records, building footprint shapefiles and a 90-metre disaggregation grid. Verisk said these datasets can support geospatial analysis and catastrophe modelling, as well as insurance activities such as underwriting, exposure management and portfolio accumulation assessment.

“AI is often discussed as a digital transformation story, but it is increasingly a physical infrastructure story,” commented Rob Newbold, President of Verisk Catastrophe and Risk Solutions. “The facilities powering that growth represent billions of dollars in concentrated assets, and that has implications not only for insurers but also for reinsurers, investors and capital markets participants looking to understand and manage emerging sources of potential risk.”

The database also reflects increasing industry interest in understanding how data centre assets are distributed geographically and how concentrations may develop across insurance portfolios.

“Data centres have quietly become one of the largest and fastest-growing concentrations of insured value in the modern economy,” added Jay Guin, executive vice president and chief research officer, Verisk Catastrophe and Risk Solutions.

“Organisations are investing billions of dollars to support AI-driven growth, but many insurers are increasingly focused on understanding where these assets are located and how risk accumulates across regions and portfolios. If you can’t identify the exposure, you can’t effectively measure or manage it. This data set is designed to provide additional information to support those efforts.”

Verisk developed the US Data Center Exposure Database in response to demand for greater visibility into the location and characteristics of data centre infrastructure. The company said the information is intended to help risk management organisations assess exposures associated with facilities that may be affected by a range of natural hazards.

“Data centres are ultimately physical facilities with real-world exposure to hurricanes, flooding, severe convective storms, earthquakes and other perils. As AI infrastructure continues expanding across the United States, understanding where those assets are located and how risks aggregate becomes increasingly important to insurers, businesses and communities alike,” Guin further added.

Verisk said the US Data Center Exposure Database is available to insurers, reinsurers, brokers and other risk management organisations through its catastrophe modelling platforms, Verisk Synergy Studio and Touchstone.

https://www.reinsurancene.ws/verisk-launches-us-data-centre-database-to-help-insurers-assess-growing-ai-infrastructure-risks/

NFL Sportsbook Betting Growth Stalls As Prediction Markets Surge

 NFL betting growth at legal U.S. sportsbooks is showing signs of stalling as prediction markets gain significant ground, according to the American Gaming Association. The AGA estimates $29.5 billion will be wagered on the 2026 NFL season through domestic sportsbooks, up just 0.3 percent from last season.

Missouri was the only state to launch legal sports betting since 2025, contributing to the slowdown, though the AGA identified the growth of prediction markets as the primary factor. Betting volume with U.S. sportsbooks grew just 4 percent from last September through May, down sharply from 14 percent growth over the same period the previous year.

Last football season marked the first in which prediction markets such as Kalshi began offering a broad menu of sports contracts. Experts project NFL trading volume on prediction markets could double this season to reach $36.8 billion, according to analysis from Rotowire.com. Prediction market volume differs from traditional betting handle because contracts can change hands multiple times.

Industry research firm Eilers & Krejcik Gaming found that NFL trading volume on prediction markets in August was 4.6 times higher than the same month last year.

The growth has continued despite mounting legal challenges. A federal appeals court ruled last week that Nevada could enforce gaming regulations prohibiting Kalshi from offering sports trading in the state, and New Jersey asked the U.S. Supreme Court on Wednesday to weigh in on the legality of prediction markets nationally.

The NFL sent a letter to prediction market operators this week raising concerns about threats to the sport's integrity.

"It is deeply concerning that bets within the objectionable categories that we identified months ago have been and continue to be listed as contracts on exchanges," wrote Sabrina Perel, the NFL's chief compliance officer, in a letter obtained by ESPN.

AGA CEO and president Bill Miller accused prediction markets of misleading consumers and avoiding state and tribal gaming regulations in a release announcing the group's annual NFL betting estimate.

"Their defiance means consumers, including teenagers and freshmen, placing bets without the protections, oversight and accountability that the legal market provides," said Miller.

Prediction markets allow customers 18 and older to trade, compared to a legal age of 21 for regulated sportsbooks in most states. The Coalition for Prediction Markets did not respond to a request for comment from ESPN.

The NFL season kicks off Wednesday when the Seattle Seahawks host the New England Patriots. 

https://football.realgm.com/wiretap/54918/NFL-Sportsbook-Betting-Growth-Stalls-As-Prediction-Markets-Surge

Farage: UK faces 'terminal decline' unless Reform wins

 Reform United Kingdom leader Nigel Farage warned on Saturday that Britain could face "terminal decline" unless his party wins the next general election, saying it could be the country's "last chance" to change direction.

"I want us to win the next election, because I believe I can lead us into the kind of fundamental change of direction that this country needs," Farage told the party's conference in Birmingham. "If my ministers lack the courage or ability to deliver in the first 100 days, I will sack them," he added.

The speech came as Reform faces scrutiny over allegations concerning foreign donations. Farage insisted the party had not broken any laws and said he expected further investigations, blaming "the establishment" for the scrutiny.

https://breakingthenews.net/Article/Farage:-UK-faces-'terminal-decline'-unless-Reform-wins/67051373

'Verbatim: Dirty Money: A Year Undercover in Reform UK'



On a sweltering afternoon in late July, Reform UK leader Nigel Farage sat down for lunch with a wealthy American businessman at a seafood restaurant near Clacton-on-Sea. Over white wine and oysters, the Reform leader charmed his guests with anecdotes about President Trump and stories of the D-Day landings.


To Farage, his lunch companions were Ian Lockwood and his Anglo-American son, William. Impeccably dressed and intensely private, Ian had flown in from Wyoming to finalise a £500,000 donation that his son had spent the last few months negotiating with the party.

But the men were not who Farage believed them to be. Ian Lockwood was a Broadway actor, his son William, an undercover journalist for Verbatim.

Farage arrived at the Harbour Lights restaurant fresh off the Clacton by-election campaign trail, defying the midsummer heat in a full suit and tie, preceded by three large bodyguards. A loud cheer went up as he entered, and he stopped to pose for photos with a 70th birthday party before warmly greeting his American guest.

Reform had been keen to impress Lockwood, offering the use of a helicopter for the last leg of his journey from America, a proposal he had politely declined. Over lunch, the Reform leader celebrated Lockwood’s funding of a series of opinion polls commissioned by his chief of staff and head of policy, and thanked him for his offer of a significantly more substantial donation.

Much of what Farage understood about the lunch was false. But the polling scheme, and the money that paid for it, were real. Now, a yearlong Verbatim investigation, captured on hidden camera, exposes a plot – masterminded by the Reform leader's top advisers, and welcomed by Farage himself – to break election law by funnelling foreign money into British politics.

I won’t breathe a word


Mark’s Club in Mayfair is a fixture of the British establishment, a listed Georgian townhouse replete with Persian rugs, oil paintings, and discreet nooks perfect for private conversation. On a dark, rainy evening in January 2026, William Lockwood, heir to his father’s fortune, had arrived to discuss a proposal with Cambridge academic and Christian nationalist influencer, James Orr.

The pair had first met in September at the National Conservatism conference in Washington D.C. – the preeminent gathering of the New Right political movement – where Orr agreed to help William direct his father’s money to right-wing causes in the UK.

By now, the pair had become regular lunch companions and at their previous meeting Orr had shared some important news with William: “Entre nous. Nigel [Farage] has asked me to be his senior adviser,” Orr said, “I’d be reporting to Nigel. One of three people reporting to Nigel. So that gives me enormous power in the party if I want it.”

“Basically, the job will be fundraising. So, I’m raising a lot of money for the party,” Orr said.

Now, over gin and tonics at Mark’s, Orr had a pitch: would William’s company pay for an opinion poll that Reform had commissioned as part of its local election campaign? The aim, he said, would be to conceal Reform’s role in commissioning it and thereby increase its credibility.

It is illegal for British political parties to accept money from foreign sources, even indirectly. But in a memo shared with Orr on 27 October, William had already made it clear that any cash would come from a family office based in the US state of Wyoming.

“JLP are going to run a poll this weekend,” Orr said, “so we're going to run this £18k plus VAT… I said, there may be somebody I could think of who they could send an invoice to. That would just be a suggestion. It's not an indirect campaign party contribution. Totally legit”.

But Orr also emphasised that discretion around such an arrangement was paramount. “I won’t breathe a word of this to anybody, obviously…. Nigel doesn’t know, won’t know. It’s the kind of thing he would rather not know”.

William agreed to consider the proposal.


A few days after the meeting at Mark’s, Orr shared a link with William. The poll had been published on the front page of The Telegraph under the headline “Exclusive poll: Labour would face wipeout in cancelled elections,” where it was described as “polling for The Telegraph”. Orr told William that the results were better than expected and said, “Nigel is over the moon”.

Orr arranged for the pollster, JL Partners (JLP), to share an invoice with the American company and Verbatim subsequently wired the £18,000 to the pollster from the bank account of a US company set up for the investigation.

On 16 February, Orr messaged William after the government rowed back on plans to cancel local elections saying: “Your financial backing of that poll was a huge part of our campaign, so thank you. Gave us massive momentum and public credibility.”

Reviewing the arrangement, Gavin Millar KC, one of Britain’s leading election lawyers, told Verbatim: “An expense is being incurred by Reform, because they have commissioned the polling. They want the polling for their own reasons. They even agreed the amount of money.”

“This is a donation just as much as giving a gift of money directly to Reform. It's money that's coming from America. That's a foreign donation that's prohibited in our law. An arrangement is being proposed to cover up the fact that it's an impermissible donation,” Millar said, “and that can be a criminal offence.”

A bit of informal rule-bending


The Intercontinental on Park Lane is just a short walk from Mark’s Club, but it feels a long way from the old money world of Mayfair. On March 4, William had come to meet James Johnson, the pollster who carried out the work that made the front page of The Telegraph.

Johnson previously advised Theresa May in Downing Street, but nowadays moves between New York, New Orleans, and London, running his company, JLP. Over coffee, he explained how Nigel Farage’s chief of staff, Dan Jukes, had commissioned the polling that ended up in The Telegraph.

“Basically, the way that that worked… Dan [Jukes] gave me a call and said, look we want to do this polling of councils to show X. Can you guys do this? Gave him three options of quotes. Came back, asked for a slightly bespoke thing, we came back and then we just went and did it. Kept him in the loop”.

There is no suggestion that Johnson broke the law. But he told William that concealing the poll’s origin was a breach of British Polling Council rules, the voluntary body that regulates the industry. “I think that there is a little bit of like informal rule bending that we did with our last one. When we published those results, we should have disclosed who the client was”.

“We said the client was The Telegraph. And The Telegraph doesn’t care because they love the fact that they can say this is our poll.”

He explained that he didn’t mind The Telegraph claiming the poll as their own “because it looks like media people are commissioning it”.

When William asked if that was preferable to the journalists reporting that the poll was commissioned by Dan Jukes, Johnson replied: “Yeah, well indeed. And that's never going to happen, because we'd never let that happen”.


We could easily get away with it


On 25 March 2026, the UK government published the Rycroft review, which recommended caps on political donations for Britons living abroad. On 31 March, over cocktails at Claridge’s, Orr outlined the problem the party now faced. “We just don’t have British resident donors, British entities, that would support us. That's the grim reality”.

He asked William to pay for more polling. "It would be nice not to have to spend money” Orr said, explaining that “it would help us a lot.”

This time, Orr said Reform needed polling to inform a speech that Suella Braverman was due to give on St George’s Day. He conceded that “if there was any way of seeing it, it would technically be a donation in kind,” but promised Reform would not disclose anything. "Am I gonna tell anyone, [...] obviously not, so the reality is we could easily get away with it.”

He joked that they could “literally do the old John Le CarrĂ© - you print it off, put it in a brown envelope, drop it off somewhere like, I don’t know, outside Claridge’s, Grosvenor Square. You leave a little white chalk mark on the postbox and I go ‘uh-huh’”.

Orr dismissed the Electoral Commission, the body charged with investigating breaches of election law, as “completely useless.”

“They're just so dumb and ineffective... it's not a special force office, you know it's not like Scotland Yard. They're just, they're pretty useless. It's just, they're only technical breaches,” Orr said.



The Braverman invoice never materialised. But Orr soon called with another proposal, asking William to pay for a £4,500 poll related to the party’s “Vote Reform, Get Starmer Out” slogan for May’s local elections.

“We've done a cheeky poll, which is coming out on the Telegraph today, I think, on this theme, at least Dan [Jukes] tells me… So, I just thought maybe that's very similar to the arrangement last time. I mean, I don't know if it's a little bit unsatisfactory that you hadn't sort of formally commissioned it, but I guess the idea is, could JLP send you an invoice?”

In fact, the results had already been published in The Telegraph the day before, again with no mention that Reform had commissioned the poll. William agreed to consider it, and Orr put him in touch with Dan Jukes, Nigel Farage’s de-facto chief of staff.

Amazing sweet spot


Jukes is one of Farage’s longest-serving officials, having worked with Reform’s leader at UKIP and then during the campaign for Britain to leave the EU. As he later told William: “I’ve been trying to make Nigel Prime Minister since I was sixteen.”

On 13 April, William and Jukes met at Brown’s Hotel in Mayfair. Jukes had cancelled a campaign visit to Scotland with Farage to see William in person and was keen to explain how important the off-the-books polling had been to Reform’s press operation.

“It was completely hands-off, fingerprints-off. And yet it was a big story in The Telegraph on page six, which stood up the public support for our slogan, right, so those little clandestine projects are so valuable for the sake of four and a half grand."

Jukes explained why funding polling was a great way to contribute to Reform. "What you're doing right now means that you can contribute” Jukes said, “it's an amazing sweet spot.”

“You can contribute… with relatively good value for money, make a huge impact, and they don't show up anywhere in public records,” Jukes said.

Responding to Jukes’ comments, Gavin Millar KC said: "It's very concerning that a senior representative of a major political party should be talking like this, because it's completely contrary to the spirit and the letter of our legislation."

Jukes then asked whether William would be able to pay for the “Vote Reform, Get Starmer Out” poll and when William confirmed, Jukes responded: “Okay, that's amazing. That's amazing”.

After the meeting, Jukes followed up via WhatsApp, again asking if William could pay for the poll. Soon after William confirmed, James Johnson emailed him an invoice for £4,500 and Verbatim reporters again wired the money from the US LLC.

The revolution must be paid for


Six weeks later, on 3 June, Orr invited William to Reform’s annual donor dinner at Oswald’s, a member’s club in Mayfair, hosted by Farage and Nick Candy, the party’s billionaire treasurer. Tickets were priced between £10,000 and £50,000, but Orr waived William’s fee and seated him at the top table, opposite Farage.

It was an extravagant event, with Farage serenaded by a roaming six-piece band in front of a jubilant crowd of millionaires and Reform MPs. Moneyed young Reform-world operators like George Cottrell and Andrew Barclay packed out the dedicated cigar terrace, as donors mingled with Richard Tice, Suella Braverman, and Lee Anderson. Candy worked the room, pressing guests for large donations.

The next morning, Orr messaged William to ask if he could pay for two polls Reform had commissioned, including one of trade union members that had been covered on the front page of The Times a few days earlier. William agreed to pay for one of them and James Johnson quickly supplied an invoice for the union poll. Verbatim reporters later wired £10,000 to JLP from the US LLC. There is no indication that the paper was aware that Reform commissioned the poll.

This took the total amount donated by the American company to Reform to £32,500 in just five months, but both Orr and Jukes were also keen to secure a larger, formal donation to the party.

On May 19, William had met with Jukes again at the Westminster Arms, a short walk from the Houses of Parliament. Over drinks, William explained that because his father’s company was American, it would be difficult to give to the party directly and instead “constrain us to probably stick to the polling stuff” unless Jukes could think of other options.

Jukes emphasised the scale of the fundraising task facing the party and the importance of major donors like Ben Delo and Christopher Harborne. “Our operating costs are over a million a month,” Jukes said, “The revolution must be paid for.”

William again explained that a formal donation would be complicated because the money belonged to an American company. “It’s going to take me a bit of work to get it over the line. It's also going to take me some admin work on the back end, right? I still don't have an Ltd. [UK limited company], I need to figure out the movement of the money, that kind of stuff”.

Jukes had an answer, William himself could be a conduit for the donation. “You do realise that you can do it,” Jukes said.

William repeated that his problem was “getting the money over here”, but Jukes had an answer, claiming that several Reform donors had given money via their children.

“Actually, that kind of just strikes me as kind of, as a solution,” Jukes said, “It's the father and it's the son. So that's one of the ways in which we do it.”

After reviewing the footage, Millar told Verbatim: "The law is absolutely clear. The legislation requires that the intermediary — that would be William — gives written details to the political party of his role and of who the true donor is. And that should immediately lead to the party saying: no, we can't accept it… What's being discussed is a way to avoid that situation arising and then being able to take the money without compliance with the law."

"It's an obvious way to try and sidestep the legislation. If the money is coming in reality from abroad, you find somebody in this country who would be a permissible donor, and you set them up as the donor — when in fact it's really a foreign, impermissible donor."

“It's theoretically possible that a representative of a political party might not know the law in this area. But we're talking about the chief of staff to the leader of the party. These are really basic concepts in our donations law. Number one, you can't take impermissible donations. Number two, you cannot set up a scheme to make it appear that an impermissible donation is a permissible donation."

Jukes then asked how much money was on the table and William explained that he had already spent most of the family office’s philanthropic budget, but that a donation to Reform could also be justified as part of its commercial operations. To which Jukes responded: “You know, if Nigel makes it to Number 10, you're having a pint with who's effectively going to be his chief of staff at Number 10. If that isn't a business interest, I don't know what is”.

William replied that £500,000 would be a “realistic first salvo.”

Your father has deniability


Separately, Orr also sought to land a formal donation. On 9 July, two days after Farage had called a by-election in response to the growing scandal over his finances, Orr agreed to meet with William at Brown’s Hotel, where he enquired about when William’s father would next be in London.

William told Orr that his father would be arriving soon and that “the family office money is available… I’ve been here for a year, so I’m fine.”

Upon hearing William would qualify as a permissible donor under new residency rules, Orr celebrated with a high-five.

Orr also said that Reform was “too reliant on these two big whales”, referring to crypto-billionaires and Reform mega-donors Ben Delo and Christopher Harborne, but that they didn’t need any more money for polling, preferring instead to focus on securing a formal donation.

“The war chest is in very good shape. So, thank you, but I think the best thing you can do now- it's great that we're getting to the point where we can have you out of the closet for us, and then we don't have to worry about, it's just a normal, if you needed to fund something on the side, we just declare as a donation in kind.”

“And then, if it's your name, you're the donor, your father has got deniability, your family office has got deniability, it's just you as an individual,”

Millar told Verbatim: “Let's say the party gets a gift of cash or is offered a gift of cash, they have to decide whether it's from a permissible donor or not. That obligation is theirs. They're policing the system themselves. Making the inquiries, acting as the police person in that situation. And if they can't establish positively that it is from a permissible donor, they have to give the money back, right? So that whole system is fundamental to the legislation. And if it's not complied with, if the treasurer of the party doesn't ensure that that happens, there is a potential for an offence to have been committed”.

By this point, Farage's closest aides had accepted tens of thousands of pounds in donations from a foreign company and were arranging to take a great deal more. Orr had claimed that the scheme would never reach Farage. Verbatim decided to seek a meeting to see if Farage was aware of the scheme, and whether he would intervene to put a stop to it.

A massive Americophile


In late July, midway through the Clacton by-election, William contacted Jukes to set up the meeting. Jukes agreed to organise things and, once the Lockwoods had declined the offer of a “chopper,” a date was set for 28 July.

The night before the meeting with Farage, William introduced Orr to his father Ian over a glass of red wine at Mosimann’s, a storied Knightsbridge restaurant. Orr took the opportunity to thank Ian for his money and said in the future he would love to discuss what the party would do with the proposed formal donation.

As the evening ended, Orr claimed that Farage was actually already aware of the polling scheme: “I've told him that. He might not remember but, it's fine for you to talk to him about it. He doesn't like talking figures. So, he's aware of the support, he doesn't go into the weeds on numbers, but he knows that you're a significant donor. And he's really looking forward to meeting [Ian]”.

The following afternoon, Ian and William Lockwood rented a car and drove out to the Essex coast to meet with Farage and Jukes at Harbour Lights restaurant in Walton-on-the-Naze.

Under the watchful eye of Farage’s bodyguards, Ian laid out the polling scheme in detail. “I run an American Family Office, and I haven't been able to donate directly up to this point, but I was thrilled to be able to pick up the tab for the polls that you had commissioned. When I saw the third poll on the front page of the Times… I thought, well, all right, these are people who know how to spend my money”.

Farage showed no surprise and said, “Yes, that was great… It worked. Boom.”

The Reform leader went on to describe the polling as providing “bang for buck… for a relatively modest investment. Yeah, amazing. Front page of the Times”.

As the plates were cleared away, William told Farage that “obviously the support that we've offered so far had to be necessarily private, discreet. But the mechanism now for this next phase is we've had some discussion with Dan, with James”.

Farage interrupted: “it's all above board, yeah.”

William agreed that it was, before explaining how it would work. “It'll be me, so I'll be the registered donor. And so, I think there'll be some conversations, necessarily, you know, lawyers, back office, and so on. But then Dad will send the money to me. And then as soon as that's done, all of those conversations are had, then the money's available”.

Farage made a point of thanking William and Ian. 'Both of you. Both of you, thank you”, before saying 'it's very important"… And of course, I'm a massive Americophile as well”.

Responding to the footage, Gavin Millar said: "Mr Farage appears to know that the American company has paid for the polling, and it's surprising and concerning that he doesn't raise any questions about that. He appears to have allowed it to go ahead — and indeed to be approving it… These basic concepts should be known to the leader of a major political party. I assume they are known to him. Yet he's approving this arrangement."

“There is enough being said, in the presence of Mr Farage and to Mr Farage, for it to be a red flag — for it to be understood as the reality that this money is coming from an American in a disguised form. And he should be questioning that… On the contrary, he seems to be quite happy to receive the money."

"It's particularly concerning that this happens when there have been recent and very high-profile allegations against both Reform and Mr Farage in relation to the acceptance of donations."

As the meeting finished, William reiterated to Farage that “it'll be [my father] to thank, but it'll be my name on the register, and I couldn't be more excited”.

“Well, I hope he’s enjoyed it” Farage replied.

Later that evening, Jukes messaged William saying: “That was super awesome today.” A few days later, Jukes called William and described how Reform wanted to spend some of the £500,000 donation on vetting potential parliamentary candidates for the party.

We asked Reform UK and Mr Farage to comment on the findings of this investigation. They did not do so but we understand the allegations are denied.

We asked Mr Jukes and Mr Orr to comment on the findings of this investigation. They did not do so but Verbatim understands they deny the allegations in full.

JL Partners said it holds itself to high standards. A spokesman said: "Despite there being no concern about the accuracy of our work, the report did reveal weaknesses in our procedures. For that reason JL Partners is reviewing those procedures in order to eliminate possible grey areas and ambiguities and strengthen our safeguards for the future."

A spokesperson from Telegraph Media Group said: "We are reviewing our future relationship with this polling company, as we believe we have been misled.”


"As a matter of precaution we have suspended the relevant articles while The British Polling Council conducts a review."

The Times said it “was not made aware of Reform’s involvement in commissioning and arranging payment of the poll”.

Putin: Russia did not agree to broader ceasefire

 Russian President Vladimir Putin said on Saturday that Moscow had not agreed with Kyiv on a broader three-day ceasefire, as he met United States negotiators Steve Witkoff and Jared Kushner in Moscow.

"The Ukrainian authorities have issued their call for a broader three-day ceasefire, but we never agreed on this with them," Putin said. He noted, however, that Ukraine had "significantly reduced" its attacks on Russian territory since midnight, while Russia had not launched airstrikes on Kyiv.

Putin said that he was aware Witkoff and Kushner planned to travel to Kyiv after Moscow, adding that "contacts of this kind are certainly always beneficial." He also said Russia would do everything possible to "ensure the safety of the negotiation process and the mediators."

https://breakingthenews.net/Article/Putin:-Russia-did-not-agree-to-broader-ceasefire/67051418

Putin welcomes Witkoff, Kushner to Kremlin

 Russian President Vladimir Putin welcomed United States Special Envoy to the Middle East Steve Witkoff and President Donald Trump's son-in-law Jared Kushner to the Kremlin on Saturday.

Russian presidential aide Yuri Ushakov and Russian Direct Investment Fund CEO Kirill Dmitriev will also attend the meeting. Ahead of the talks, the Russian president described the issues to be discussed as "difficult." The top Washington envoy and Kushner arrived in Moscow earlier today, with a mission to bring a proposal to end the war in Ukraine. The two officials are expected to go to Ukraine on Sunday.

Meanwhile, both Russia and Ukraine announced they will stop cross-border attacks during the US officials' meetings.

https://breakingthenews.net/Article/Putin-welcomes-Witkoff-Kushner-to-Kremlin/67051351

Russia’s Vostok Oil loads first crude for shipment via Northern Sea Route

 Russia just turned on the taps for one of its most ambitious energy projects in decades. The Vostok Oil project loaded its first crude oil for shipment via the Northern Sea Route, following the inauguration of the main pipeline connecting Siberian oil fields to a brand-new marine terminal on the Arctic coast.

Russian President Vladimir Putin opened the approximately 790-kilometer pipeline via video link on September 5, connecting the Vankor and Payakha oil fields to the newly constructed Sever Bay terminal on the Taymyr Peninsula. Rosneft, the state-controlled oil giant behind the project, has been building toward this moment for years, and CEO Igor Sechin confirmed the commencement of oil shipments.

What Vostok Oil actually is

The Vostok Oil project sits on a resource base of over 7 billion tons of low-sulfur crude, with sulfur content between 0.01% and 0.1%. The pipeline includes a 5.7 to 6 kilometer underwater crossing of the Yenisei River, buried up to 8 meters beneath the riverbed. The full pipeline system has a design capacity of 100 million tons per year.

The initial phase of the Sever Bay marine terminal can handle 30 million tons of oil annually. Rosneft’s target is to hit that 30 million ton supply mark by the second half of 2027. Over 80% of the pipeline’s construction was reportedly complete by mid-2025.

The Northern Sea Route gambit

Russia is targeting a total transport capacity of 70 million tons along the Northern Sea Route by 2030, up from an estimated 37 million tons in 2025. Vostok Oil’s crude shipments are central to that ambition.

What this means for global energy markets

Adding 30 million tons of annual crude supply capacity to the global market is not trivial, even if actual shipments take time to ramp up. For context, 30 million tons is roughly 220 million barrels per year, or about 600,000 barrels per day at full capacity.

Scaling from a first shipment to 30 million tons annually is a logistically demanding proposition. Moving large volumes of crude through Arctic waters requires specialized ice-class tankers, and the insurance and reinsurance markets for Arctic shipping remain tight, particularly for Russian-origin cargoes.

https://cryptobriefing.com/vostok-oil-first-crude-northern-sea-route/