(RFE/RL – Claire Bigg – June 17, 2014) Russia has halted gas supplies to Ukraine — a major escalation of a dispute in which Russia’s state-owned gas giant Gazprom is demanding that Kyiv settle its huge gas debt. But in many ways, what many have dubbed the third “gas war” between the two countries is different than previous disputes in […]
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(Moscow Times – themoscowtimes.com – Alexander Panin – June 18, 2014) In the wake of Russia’s decision to switch Ukraine to prepayment for gas starting Monday, the European Union is planning a new round of negotiations as the danger of supply disruptions to Europe heightens. European officials say, however, that the bloc is currently far better prepared to cope with […]
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(Moscow Times – themoscowtimes.com – Delphine d’Amora – June 18, 2014) Politics took front stage at the flagship conference of the Association of European Business, or AEB, on Tuesday, where foreign companies with committed interests in Russia grappled with the economic fallout of the unfolding crisis in Ukraine. Business as something relatively immune to political vacillations is a thing of […]
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(Business New Europe – bne.ru – Teneo Intelligence – June 17, 2014) Following the failure of negotiations on natural gas pricing and debt between Russia and Ukraine last weekend, Russian company Gazprom reduced supply volumes to Ukraine, the main transit country for gas delivered to Gazprom’s EU customers. However, Gazprom continues to deliver contracted amounts to the EU for now, […]
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(Interfax – Moscow, June 15, 2014) Moscow believes that there may be a third power behind Ukraine’s intransigent position in its talks with Russia over gas. Russian Foreign Minister Sergey Lavrov told Russian journalists on Sunday [15 June] that the Ukrainian authorities are making use of “impunity because they are being protected by our Western partners, or at least some […]
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MOSCOW, June 16 (RIA Novosti) – If Ukraine disrupts Russian gas transit via its territory, the European Commission is ready to negotiate increased deliveries through the Opal pipeline, Gazprom CEO Alexei Miller said Monday. “We have discussed this issue with the European Commission. It is now as follows: if we record problems with transit via the territory of Ukraine, then […]
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(Stratfor.com – George Friedman – June 10, 2014) Editor’s Note: This is the final installment in George Friedman’s recent series written during his journey from the Baltics, through Central and Eastern Europe and then east to Turkey and Azerbaijan. I traveled between Poland and Azerbaijan during a rare period when the forces that shape Europe appear to be in flux, and most […]
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(Moscow Times – themoscowtimes.com – Ivan Nechepurenko – June 10, 2014) Bulgaria’s decision to suspend construction of the Russia-led South Stream pipeline project on its territory, undermining Russia’s efforts to diversify its gas transportation infrastructure to Europe away from Ukraine, is an underhanded economic sanction thrust on Russia by the West, a top Russian diplomat and Russian industry analysts said […]
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(Bloomberg – bloomberg.com – James G. Neuger, Thomas Penny, Kateryna Choursina – June 5, 2014) The U.S. and its allies embarked on two days of contacts with Russian leaders in a bid to resolve the crisis in Ukraine, giving the Kremlin another chance to cut support to pro-Moscow rebels seeking to break up the country. U.K. Prime Minister David Cameron […]
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(Interfax – June 5, 2014) The attitude of Russians towards the United States, the European Union and Ukraine is cooling amid the Western sanctions, and Belarus and China are liked much more, Levada Center told Interfax, quoting May poll statistics. Only 18 percent of Russians speak well of the United States now. The numbers stood at 43 percent in the […]
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(Business New Europe – bne.eu – COMMENT: Iana Dreyer of borderlex.eu- June 4, 2014) Ukraine and the EU are adamant both sides will sign the long-planned free trade and association deal. Yet President-elect Petro Poroshenko sowed confusion soon after his election May 25 when he asked for more time before putting pen to paper, highlighting lingering doubts over the true […]
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WASHINGTON, May 30 (RIA Novosti), Lyudmila Chernova – The Eurasian Economic Union is a better, more realistic step towards economic integration than the European Union, and will be more productive, said Andrew McKillop, a former chief policy analyst at the European Commission Directorate General for Energy. “It is the right decision at the right time,” McKillop, now an independent journalist […]
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(Moscow Times – themoscowtimes.com – May 30, 2014) The risk that the U.S. and European Union will slap further sanctions on Russia over Ukraine is subsiding, but the threat of a recession still looms over Russia, a Bloomberg poll of economists found. Half of the 32 economists questioned for the poll, released on Tuesday, said the Russian economy would slide […]
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MOSCOW, May 30 (RIA Novosti) – Officials from Russia, Ukraine and the EU are set to hold talks in Berlin on Friday, a third attempt to resolve the gas dispute caused by Ukraine’s $4 billion outstanding gas debt. Russian Energy Minister Alexander Novak is also scheduled to meet with EU Energy Commissioner Gunther Oettinger on Friday. AND SO IT BEGINS […]
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(Business New Europe – bne.eu – May 29, 2014) Gazprom, which earlier sent a prepayment bill to Ukraine, will limit gas supplies on June 3 if Kiev does not pay the advance bill for June, Gazprom CEO Alexei Miller said Wednesday at a meeting of President Vladimir Putin with the government, Prime reported. According to Miller, Ukraine purchased 3.5 billion […]
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(Business New Europe – bne.eu – COMMENT: Jennifer Freedman of Borderlex – May 17, 2014) Less than two years after becoming a member of the World Trade Organization (WTO), Russia has filed two complaints with the dispute settlement body in Geneva that target the EU, Russia’s main trading partner. These complaints concern antidumping duties and a package of EU laws […]
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MOSCOW. May 23 (Interfax) – If the United States imposes further sanctions against Russia, these will be followed by retaliation, Russian Deputy Foreign Minister Sergei Ryabkov said. “We would like to warn the U.S. once again against making hasty decisions in this sphere. Regrettably, the danger remains of additional sanctions being imposed. What we have been watching over the past […]
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ST. PETERSBURG. May 23 (Interfax) – Russian President Vladimir Putin said that Western sanctions imposed over Crimea so far concern the people from his close entourage, and that he would have started a legal action if he were in their shoes. “But for now all these sanctions boil down to picking someone close to me from my personal entourage, and […]
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MOSCOW, May 23 (RIA Novosti) – The West should not rush to impose further sanctions against Russia as they could have an extremely negative effect on the global financial system, Chair of the Government Department at Harvard University Timothy Colton told RIA Novosti. “The West should think twice, think very carefully about extending the sanctions, because it could end up […]
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(Moscow Times – themoscowtimes.com – John Freedman – May 19, 2014) Russian Culture Minister Vladimir Medinsky received an honorary fellowship on Thursday a few days late and not quite as planned. The institution doing the honors was Ca’ Foscari University of Venice, Italy, but a planned ceremony in Italy on May 12 was junked at the last minute. Instead, the […]
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(Business New Europe, MOSCOW BLOG – bne.eu – Ben Aris in Moscow – May 19, 2014) The shouting match between west and east continues, but the Russian stock market was surging on May 19, a day before Russian President Vladimir Putin was due to arrive in China, where he is expected to sign a string of massive investment deals. Some […]
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MOSCOW, May 19 (RIA Novosti), Daria Chernyshova – The EU-Russia economic relationship is far too important for the sides to continue talking in the language of sanctions, so the EU is scaling back its rhetoric, Chris Weafer, a founding partner of Macro Advisory, told RIA Novosti Monday. “The bottom line is that the economic relationship between Russia and Europe is […]
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MOSCOW, May 19 (RIA Novosti) – Relations between Russia, the European Union and NATO need to be fundamentally reconsidered, Russian Foreign Minister Sergei Lavrov said Monday. “We will discuss international affairs, including the European situation, on what is happening in the interrelations between Russia and the EU, what is happening in the NATO-Russia Council in regard to the crisis in […]
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(Oilprice.com – Daniel J. Graeber – May 14, 2014) Russian gas monopoly Gazprom says that despite the ongoing turmoil in Ukraine, the risk to disruption of European energy supplies is “insignificant” because demand is expected to be low during the spring and summer months. In its quarterly report, the company said, “At the moment due to the worsening political situation […]
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TBILISI. May 14 (Interfax) – Zurab Abashidze, the Georgian prime minister’s special representative on relations with Russia, said he sees no obstacles to Georgia’s having a free trade zone both with the European Union and Russia. “There is no contradiction in Georgia’s having a free trade regime with the European Union and the same privileged trade regime with Russia,” Abashidze […]
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WASHINGTON, May 14 (RIA Novosti) – A complete European embargo on Russian gas imports would lead to an energy catastrophe in eastern European countries, an expert from San-Francisco based Nexant told RIA Novosti on Wednesday. Bulgaria, Macedonia, Slovakia, Finland, Bosnia and Herzegovina could be completely cut off by Western countries if they no longer serve as gas transits, Nexant’s Global […]
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(RFE/RL – rferl.org – Charles Recknagel – May 7, 2014) The European Union gets about one-third of its natural gas from Russia, and about half of that gas arrives in Europe via pipelines passing through Ukraine. Moscow is threatening to cut off natural-gas deliveries to Ukraine unless Kyiv promptly pays its outstanding bills. And that means the EU could potentially be caught in the […]
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(Bloomberg – bloomberg.com – May 7, 2014 – Daryna Krasnolutska, Terry Atlas and Ilya Arkhipov) The U.S. and its European allies urged Ukraine to proceed with its May 25 presidential election, rejecting Russia’s calls to postpone the vote as an offensive against separatists in the country’s east and south continued. Russia hasn’t lived up to its commitments in an accord […]
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MOSCOW, May 6 (RIA Novosti) – The European Union has hardened its stance on the construction of the South Stream natural gas pipeline amid the Ukrainian crisis, the EU commissioner for energy said in an interview with the Financial Times Tuesday. “These days, with Ukraine, we are more and more defensive related to Russian pipelines than one year ago … […]
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(Interfax – May 5, 2014) Russia filed a suit with the World Trade Organization on April 30 to begin judicial hearings on the application of the European Union’s Third Energy Package, a source close to the WTO told Interfax. The chief trade negotiator at the Economic Development Ministry, Maxim Medvedkov confirmed that the suit has been filed. He said that […]
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(Moscow Times – themoscowtimes.com – Peter Hobson – ALABUGA, Tatarstan, April 28, 2014) As Western politicians huffed and puffed about slapping additional sanctions on Russia, captains of big global business in the country showed no jitters as they met with top Russian officials Friday. Moreover, the only person to mention Russia’s clash with the West over Ukraine at a meeting […]
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(Bloomberg – bloomberg.com – Sangwon Yoon – April 14, 2014) The U.S. readiness to impose new economic sanctions on Russia over Ukraine is offset by the European Union’s reluctance to introduce stronger measures that could threaten its already fragile economic recovery. While the Obama administration said yesterday that it’s prepared to ramp up sanctions, possibly to target specific sectors of […]
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(Russia Beyond the Headlines – rbth.ru – Tatyana Zykova, special to RBTH – April 10, 2014) Despite talk in Europe of reducing dependence on Russian fuel and promises of help from the U.S., for the foreseeable future Russia remains the only country that can supply the EU with an increasing supply of cheap gas. The European Commission in Brussels is again […]
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(Moscow Times – themoscowtimes.com – D. Garrison Golubock – April 8, 2014) A state commission working on a much-discussed report titled “Foundations of State Cultural Politics” will release their findings in two weeks, presidential advisor Vladimir Tolstoi announced last week, adding that the basic formula of the report could be summarized as “Russia is not Europe.” “Russia should be examined […]
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(Moscow Times – themoscowtimes.com – Alexander Panin – April 9, 2014) As the EU presses on with sanctions against Russia for seizing Crimea, the $50 billion South Stream pipeline, meant to bring Russian gas through the Black Sea to Europe, may be frozen in favor of other projects. The European Union is close to freezing the progress of South Stream […]
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KYIV. April 8 (Interfax) – Most Ukrainian citizens would like the EU-Ukraine Association Agreement, including establishing a free trade zone, to be signed as quickly as possible but stances as to when this should be done differ. According to the poll held by the Rating sociological group, the results of which Interfax obtained on Tuesday, 38% of respondents believe that […]
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BRUSSELS, April 8 (RIA Novosti) – Russia’s set price on gas for Ukraine is unfairly high and is creating a threat of transiting Russian gas to Europe, Ukrainian Energy Minister Yuriy Prodan said Tuesday. “In this situation, the threat of cutting gas deliveries to Ukraine arises, as well as the threat of cutting transit gas to Europe because Ukraine’s ability […]
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MOSCOW, April 8 (RIA Novosti) – Moscow is prepared to consider multilateral negotiations on the situation in Ukraine involving the US and EU, but a date has not yet been agreed on for the talks, Russian Foreign Minister Sergei Lavrov said Tuesday. US Secretary of State John Kerry proposed holding talks on the crisis-hit country within the next 10 days […]
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MOSCOW, April 7 (RIA Novosti) – EU financial losses if broad economic sanctions are imposed against Russia could reach a trillion euros, according to Sergei Glazyev, an adviser to Russian President Vladimir Putin. “It’s an open question who would sustain greater losses from the sanctions,” Glazyev told the Russian RT TV channel in an interview over the weekend. “If the […]
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MOSCOW, April 4 (RIA Novosti) – Russia’s natural gas supplies to the European Union have no practical alternative, a senior energy analyst at the Colorado-based IHS company said Thusday. “The EU’s reliance on Russia to meet approximately 30 percent of its total gas demand means that there is no realistic alternative to European dependence on Russian energy supplies,” Andrew Neff […]
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MOSCOW. April 4 (Interfax) – It would be difficult for Europe to give up Russian energy resources, Energy Minister Alexander Novak said in an interview with TV channel Rossiya 24. He recalled that statements have been made about reducing the dependence on Russia in future. “And such work is being done in the European Union, in the United States. There […]
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BRUSSELS, April 2 (RIA Novosti) – The EU is not ready for border enlargement, and is unlikely to offer membership for Ukraine, the Russian ambassador to the EU said Wednesday. “As far as I can see, the EU is determined not to admit Ukraine to the union. The association agreement doesn’t guarantee membership in the European Union. Turkey for example […]
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BRUSSELS, April 1 (RIA Novosti) – The European Union should refrain from introducing broad economic sanctions against Russia if the situation around Ukraine does not deteriorate, European Commission Vice President Olli Rehn said Tuesday. “No sensible European would want to see economic sanctions or any other escalation to the crisis. And in case Russia will not escalate the crisis, then […]
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MOSCOW, March 24 (RIA Novosti) – The signing of a political pact between Ukraine and the European Union is a hasty step which points to the prospect of closer military ties between Kiev and NATO, a Russian foreign ministry source said Monday. “The political provisions of the association deal pave the way for further entrenchment of Ukraine into the foreign […]
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(Bloomberg – bloomberg.com – James G. Neuger, Ian Wishart and Jonathan Stearns – March 20, 2014) German Chancellor Angela Merkel said the European Union won’t rush to impose economic sanctions on Russia for the annexation of Crimea, reflecting concerns that trade curbs would damage Europe’s tentative recovery. Germany, which is Russia’s biggest EU trading partner, expects the 28-country bloc to […]
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MOSCOW. March 20 (Interfax) – The sanctions imposed on Russia by the European Union and the United States do not have international legal grounds, Russian Foreign Minister Sergei Lavrov said. “Unilateral sanctions have never done any good. They are not legal. And they do not have international legal grounds,” Lavrov said at a State Duma sitting on Thursday. “The UN […]
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(Business News Europe – bne.eu – Tim Ash, Standard Bank – March 13, 2014) Pretty good summary herein of the main developments in Ukraine: [http://russialist.org/germanyeuukraine-fine-grained-response-likely-to-crimean-referendum/] A couple of things I would add: First the Kerry-Lavrov meeting today is important, as Kerry seemed to be playing hard to get earlier in the week, perhaps letting his Russian counterpart stew somewhat and […]
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(Business News Europe – bne.eu – Teneo Intelligence – March 13, 2014) In response to the Crimean referendum, the EU will likely move to level two of its sanctions menu. Asset freezes and travel bans will be applied only gradually, amid German unwillingness to escalate to broader economic measures. No quick fix to the crisis is expected by Berlin, amid […]
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(Moscow Times – themoscowtimes.com – Natalya Krainova – March 6, 2014) The Federation Council is drawing up a bill that would allow the government to confiscate the property of U.S. and European companies in the event of Western sanctions, though political analysts dismiss both actions as intimidating rhetoric unlikely turn into action. Further decreasing the possibility of asset confiscation is […]
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(Business New Europe – bne.eu – Teneo Intelligence – March 3, 2014) Despite the ratcheting-up of rhetoric by European countries regarding the events in Ukraine, it remains unlikely for now that the European Union (EU) will impose sanctions on Russia. Not only would a high degree of consensus among EU member states be required in order to approve them; what […]
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