Energy Update

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OTTAWA, June 29 (Reuters) - Canada is imposing economic sanctions against Russian energy firms such as natural gas producer Gazprom OAO in response to the actions of Russian-backed militants in Ukraine, Ottawa said on Monday.

* France asks firms to get ready for return to post-sanctions Iran

* Power firm facing severe power supply shortages (Adds utility's comment, Eskom bonds reaction)

ATHENS, June 29 (Reuters) - Greece will not pay a 1.6 billon euro loan installment due to the International Monetary Fund on Tuesday, a Greek government official confirmed on Monday, highlighting the depth of the financial crisis facing the country.

UNITED NATIONS, June 29 (Reuters) - United Nations Secretary-General Ban Ki-moon deplored on Monday an Arab coalition air strike in Yemen that seriously damaged a U.N. Development Programme office and injured a guard, calling for a full investigation into the incident.

RIO DE JANEIRO, June 29 (Reuters) - Brazil's state-run oil company Petrobras slashed its long-term spending plan to the lowest level in eight years on Monday as new management moved to reduce the industry's largest debt burden and restore confidence after a devastating corruption scandal.

LADY ELLIOT ISLAND, Australia, June 29 (Reuters) - With the Australian sun illuminating the crystal clear waters of the Great Barrier Reef in all their glory, UNESCO World Heritage delegates snorkelled for hours surrounded by manta rays, dolphins and reef sharks.

ATHENS, June 29 (Reuters) - Greece will not pay a 1.6 billon euro loan installment due to the International Monetary Fund on Tuesday, a Greek government official told Reuters on Monday.

VIENNA, June 29 (Reuters) - A senior U.S. official on Monday dismissed suggestions from critics that the United States would cave in to Iran to reach an agreement on curbing Iran's nuclear programme.

JUBA, June 29 (Reuters) - South Sudan's finance minister on Monday presented a proposed budget for the upcoming fiscal year, describing it as "ambitious under the current circumstances", with an ongoing conflict hampering the economy.

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